Come rain or shine, cryptographic projects want to make the year 2019 meritorious for themselves, especially the most underrated ones in the space. Tron (TRX), the entertainment focused blockchain technology with decentralization of internet at its heart, seems to be amongst the underestimated projects in the space, more importantly due to the fact that it erupted from Ethereum ERC20 network which shadowed most its potential.
Kicking off against such believe and thought, Tron blockchain technology has since its independence been showcasing series of developments, growth and achievements. According to an update comparing the performance of TRX with Ethereum’s in the month of January, the former daily transaction surpassed the later by an average of 352%.
The info further stated that TRX’s highest daily transaction also outshined Ethereum’s with a margin of 489%, and this marked the third consecutive month TRX will be outdoing ETH in terms of transaction record.
While aiming for a higher position the update ended by asking the TRX community how long it will take to overthrow ETH from the 3rd position.
TRX's single-day high was 489% higher than ETH.
— TRX Colony (@TronColony) February 1, 2019
It has been identified that Tron began the year remarkably with amazing growth in the month of January.
With just 31 days into the year 2019, TRX has been able to climb the market ladder up by two positions, while Ethereum remain moribund on the third position it was debased to by XRP.
At the beginning of the year 2019, Tron was ranked the 10th highest crypto coin by market cap, and the altcoin conveniently ended the month of January with a hierarchical position 8.
Similarly within the same duration, Tron marketcap has been rocketed by about $500M, and it account spiked by 532M. Tron (TRX) value against USD also saw a dramatic 37% rise compared to its price at the start of the year.
No doubt, TRX blockchain technology is making excellent inroads in the space. The initiation of its family token, BitTorrent (BTT) which got exceptional acceptance from users irrespective of the market situation is a leaf added to the cap of the blockchain network.
The potency and viability of TRX is becoming clearer to the world and no more would want to underrate the altcoin anymore. The future owns happenings, who knows, Tron might eventually overthrow Ethereum from the 3rd position.