Momentum in Physics is defined as the product of the mass of a body and its speed. The momentum of a body on earth cannot continue being constant as their are other forces impeding motion (friction, air resistance, etc). But in ideal situations, the momentum of a body can continue being constant and it can also be increased through acceleration. The project of Tron (TRX) falls under the the last condition described: it has continued with the momentum it has had since its inception last year as an idea on a whitepaper. The project seems to also be accelerating forward in terms of development/building and transactions on its network.
On the 13th of December, the Tron project achieved a new milestone as it recorded 2.53 Million transactions in a day and had an address growth of 32,293 in the same time period.
Checking Tronscan again, we find that the number of daily transactions now stands at $2.65 Million and the daily account increment is now at 12,463.
More Developers Migrating to the Platform
The project’s founder and CEO, Justin Sun, noted he achievement on the 13th via a tweet that explained that it was due to developers from the Ethereum and EOS networks migrating to Tron. The tweet can be found below.
#TRON breaks two records today! 2.53 MM Txs per day and 32,284 daily increase address! More developers from #EOS and #ETH have migrated to TRON! #TRX $TRX pic.twitter.com/6siaP4hw61
— Justin Sun (@justinsuntron) December 14, 2018
Tron’s Current Momentum
When we look at the recent and future developments of Tron, we realize that the bear market has had no effect on its project’s progress outside the market value of TRX. A brief summary of the recent and future achievements of the project can be found below.
- Two decentralized exchange that are fully operational. One is on Tronscan.org and the second is the recently launched TRX.Market
- Clinching the number 10 spot from Cardano (ADA) on Coinmarketcap.com
- Justin and the Tron Foundation encouraging developers to migrate to the platform through the $1 Million accelerator program
- the NiTRON even in January
- A thriving and enthusiastic community
What Next for Tron?
As we approach the end of 2018 in the current bear market, the Tron project will continue to grow as it expands its reach in the developer and investor communities world wide. Through DApps being created on the platform and regular meetups where development is discussed, the Project is sure to eclipse many as it shows no sign of slowing down.
Market Performance of TRX
As earlier mentioned, Tron (TRX) is ranked 10th according to market capitalization. One is tempted to state that if it were a normal steady crypto market, TRX would easily be a top 5 coin due to its development progress on a daily basis. This leads us to also conclude that the coin is highly discounted at $0.0127 per TRX at the moment of writing this.
It is worth noting that BTC is currently valued at $3,224 as the total crypto market capitalization tries to stay above the $100 Billion mark. This means that TRX is not alone in terms of depreciating in value.
What are your thoughts on the Tron project? Do you think it has the momentum as we walk into 2019? Please let us know in the comment section below.
Disclaimer:This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.