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TRON (TRX) On Fire, Tracks Monero (XMR) For 10th Place

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TRON (TRX) On Fire, Tracks Monero (XMR) For 10th Place

TRON (TRX) is making big time moves over the past 24 hours as it is up just over 9% on over $246M USD in trading volume according to CoinMarketCap. It appears that Justin Sun’s comments regarding TRX joining the top 10 might happen sooner then later.

TRON (TRX) In The News

Just last week, TRON was at the Delta Summit in Malta with out crypto-sphere and blockchain leaders. While there, they pledged a generous donation to the Blockchain Charity Foundation (BCF), a “not-for-profit organization dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development.”

Moves like this will only continue to build confidence in the TRON brand give Justin Sun a platform to speak on. On top of that, you’ll want to keep a close eye on his Twitter acount, because he’ll be active tomorrow. Why?

TRON Virtual Machine (TVM) Activation

Tomorrow is the official launch of the TRON Virtual machine, a momentous occasion for The Foundation. With its launch, developers will be able to test their DApps in TVM before uploading them “to TRON MainNet and run on the TVM of TRON’s Super Representatives (SR) nodes so public can actually access it.”

With this move, it will draw more attention away from Ethereum as developers will see an ease in switching VM’s. This will come from TVM’s compatibility with EVM environment. The ease of this transition should alert more developers in the future to check out TRON’s Virtual Machine and bring more interesting and useful projects into the fold.

Big Week Ahead

With TRON (TRX) making bold moves, Monero (XMR) is now in its targets. Monero prides itself on being a secure, private, and untraceable cryptocurrency. A slip out of the top 10 shouldn’t be too big of an issue for Monero since it is a different beast altogether from TRX. Though, TRX moving into the top 10 with all the positive news surrounding it and the TVM launch, could see TRX price generate some serious steam.

RISK DISCLOSURE

This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

 

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