Kobe Bryant, #BitTorrent and the Evolution of #TRON (#TRX) Marketing
TRON Focusing on Long Term Growth Despite Falling Market Prices
Cryptocurrency, TRON (TRX)–After slipping to its lowest point of 2018, the crypto markets have given nothing but a bleary indication for investors that the bear market will continue in the short term. Despite Bitcoin dropping below $4500 and the larger altcoin market shedding over 90 percent of its value since the last all time high, bears have continued to push the price lower, with the market capitalization shedding close to $40 billion in the span of a week.
However, there is still hope for cryptocurrency communities in the form of growing project development and the prospect of renewed adoption. In some ways, the slumping price puts into perspective how far the industry has left to grow and the work ahead to build valuation in a more organic matter, one that doesn’t rely upon short-lived speculation and other myopic features of market creed. TRON, while heavily criticized in the past for its rambunctious approach to marketing, has continually found novel ways to drive interest in the crypto space. The TRX parent company, helmed by CEO Justin Sun, broke waves in the crypto space earlier in the year over the acquisition of peer to peer file sharing network BitTorrent. Not only did the merger draw investment intrigue for TRX following the launch of Main Net and TRON’s independent blockchain, but it rose questions for how cryptocurrency could generate innovation in the space of file sharing, as opposed to the primary focus of digital assets and transactions.
Under the Project Atlas development, TRON has announced a commitment to not only integrate BitTorrent’s file sharing service onto the TRX network, but also generate a unique incentive model for content distributors and users, thereby providing benefit to investing and using TRON. In addition, the company has been at the forefront of development funds to spur innovation, using the price appreciation of TRON over the last year–still up precipitously from this time last year–to encourage and reward new development with the cryptocurrency.
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 $875,880,806 and it has a circulating supply of 65,748,111,645 TRX. It's down 7.10% over the past 24 hours and is currently trading at $0.013322.