The TRX token has recently followed overall token price rising trend with over 20% gains for the last 24 hours and announcements of the TRON test net launch .
TRX Token as so far shown a very impressive performance, but the coin did follow the BitCoin’s price and came crashing down from it’s all-time high of $0.254791 all the way to the $0.023708 line. The Token, which many users at CryptoCompare believe will rise despite the recent 12 month freeze of token trading by the US and the recent Google Crackdown on cryptocurrencies advertisements, may further ascend in value, since it is not dependent on the US market. Another factor for the unstable price of the token may also be the influence from the China market, where users are not using Google as a search engine and cryptocurrency advertisements may still be high in number.
Following the recent listing on OTCBTC of the TRX token and the recent announcement by the TRON Foundation that the company will launch TRON test net in tron.network which should be somewhere around 9 days after typing this, the company still remains to be evaluated by engineers and it’s proof of concept remains to be tested. Furthermore, the token also has to withstand the test of scaling following massive adoption, if it takes place, since it remains to be a 2nd generation token and newer and newer technology is being developed all the time.
Besides this, when we take into consideration the technology, the devoted team behind the project and the strong community, TRON may just shape up to be one of the top coins in the world and following decentralized adoption, the TRX token may even be able to hit a new all-time high, in spite of all fears from recent events.
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