A one-year data has revealed the potency of Tron blockchain network amongst its contemporaries. According to the data, Tron has an outstanding network value to transaction (NVT) ratio stats.
Unveiled by Tronix community member Mike McCarthy, Tron has better network value to transaction ratio stat when compared to Bitcoin and Ethereum, the two crypto projects at the forefront of the ecosystem.
The data, spanned October 2018 to September 2019, affirms that on the average, Tron is better off than Bitcoin and Ethereum when considering network value to transaction ratio.
Within the said period, Tron presented an average of 95.5 NVT while Bitcoin and Ethereum recorded 11.8 and 67.9 respectively.
Tron’s NVT, according to the data, has always been higher than that of Bitcoin, but Ethereum managed to surpass Tron between December 2018 and February 2019. On most occasions as revealed in the graph, Tron outperformed the two other cryptocurrencies.
McCarthy said the information reveals how fair a coin can be valued, adding that TRX token is highly undervalued.
“Network Value to Transactions Ratio provides us with insight into how to assign fair value to coins. For me this is a good indicator of relative value to other cryptos, but also means TRX is very undervalued,” McCarthy stated.
Previously, the 11th largest cryptocurrency, Tron, was rated the safest coin, even above Bitcoin. Data tracked by Cointobuy analytical tool made it known that Tron, above all other projects, has a potential profit of 154.9%.