#Tron Price Analysis: #TRX/USD Bulls Likely to Drive Prices Back to 2 Cents
There is a clear divergence between fundamentals—Tron Accelerator program, transactions spike and on-chain development and TRX/USD prices. Regardless, dropping prices shouldn’t be defining metrics because fundamentals often lead prices. As such, we expect TRX to rebound back to early this week’s valuation more so if today end up bullish. A project is only as good as the community that backs it. That is the spirit of decentralization and an embodiment of blockchain mantra. Well, Tron as we all know live by that. Its leader Justin sun and the Tron Foundation do complement each other updating their supporters whenever there is a partnership or whenever the platform registers new milestone. Just recently, social media was awash with news that the smart contracting and dApp building platform number of transactions had surpassed that of Ethereum—1.36 million—which is almost double that which Ethereum—a rival platform print on a normal day. This is indicative of the path Justin sun and Tron are taking. Furthermore, since the native currency TRX now has the support of Scatter meaning supporters can easily import their TRX wallets without a sweat while receiving the same support from Huobi multi-currency wallet, traders and new comers have several free and trusted avenues for storing and managing their stash.
About Tron (TRX): TRON is one of the largest blockchain-based operating systems in the world. TRON is a blockchain-based, open-source protocol for the global digital entertainment industry. TRON supports various kinds of blockchain networks and smart contract systems, including bitcoin, Ethereum, EOS, Qtum, and other public blockchain smart contracts, provides developers with multiprotocol infrastructure for entertainment app development, and allows users to enjoy smooth multiprotocol smart networks.
TRON (TRX) is the 11th largest cryptocurrency by market cap size. Its market cap is currently $938,084,398 and it has a circulating supply of 65,748,111,645 TRX. It's down 0.38% over the past 24 hours and is currently trading at $0.014268.