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Tron Edges Closer To Top Tier Level - TRX Price and News. Monday, October 8th

08 october 2018, 23:39 by John Kiguru

Tron Edges Closer To Top Tier Level

Tron continues to be one of the very best coins to invest in as new project improvements continue being implemented. Today, on October 08, Tron launched their Virtual Machine, essentially upgrading the network to Odyssey 3.1. This latest upgrade will allow developers to create decentralized apps and execute smart contracts on what is relatively a new blockchain. The announcement was well received as prices spiked to go well over 12% following the announcement that the launch would happen today. Tron’s team had previously announced the launch would happen before, during or after today and true to their word, yesterday, Tron’s founder Justin Sun, announced on Twitter the launch would happen today.

Price Analysis

The announcement was well received as prices shot by 12% shortly after the announcement was made. Prices later corrected during the day. At the time of press, the coin is up by 4.29%, trading at $0.026570.

TRX/USD Price Chart, Monday October 8th:

Tron TRX Price Chart, October 8

How Significant Is The Upgrade?

According to the announcement by the founder, Tron will now be 200 times faster than Ethereum and 100 times cheaper than EOS. This means Tron will be beating Ethereum and EOS at their own game.

The new upgrade could be the reason Justin Lee was bullish about Tron becoming a top ten cryptocurrency in the next 6 months. In an interview with Investopedia, Sun sounded optimistic about the future of the project mentioning that based on how hard the team at Tron was working, he was sure the project would make it to the top ten cryptocurrencies in the next 6 months. He went on to say that Tron would also get to the top 3 cryptocurrencies in the near future.

While it is likely that Justin Sun is getting ahead of himself with the top 3 claim- given the huge market cap difference, there’s no denying his project is showing much promise of ending the year high. If the upgrade really can achieve those impressive numbers, then this is definitely a project to watch out for.

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