While these past couple of days have not been good for any cryptocurrency, Tron (TRX) has taken the recent market crash harder than most. Tron (TRX) lost a large chunk of its value, but things are expected to go back to normal since the developers who are in charge of Tron (TRX) are getting ready to release their own Test Net.
One of the most impressive things about Tron (TRX) is that despite its rather short time of being launched, it already managed to gather a large number of partnerships. Initially, Tron (TRX) was hosted on Ethereum’s platform but this is going to change at the end of March because Tron (TRX) will launch its own blockchain platform.
Tron (TRX) Blockchain Platform
Tron (TRX)’s developers announced that their own Test Net is going to be officially launched on March 31st and that the TRX token will only exist on that platform. This is a big step ahead in Tron (TRX)’s evolution since it means that it doesn’t rely on Ethereum’s blockchain platform anymore.
Also, the addition of Tron (TRX)’s own Test Net means that there is a lot of room to grow and more importantly, the blockchain platform will attract additional investors. Seeing these positive news one would expect Tron (TRX)’s price to up, but the exact opposite is happening.
Despite being surrounded by positive news, Tron (TRX) lost 5.76% of its total value during the last 24 hours according to Coinmarketcap. Therefore, the TRX token is now priced at $0.035008 and the total market capitalization is valued at $2,301,739,021.
Even though Tron (TRX) might not look like a great cryptocurrency to invest in after checking out the price, the upcoming blockchain platform might affect the price in a positive way. Nonetheless, the cryptocurrency market is impossible to predict and Tron (TRX) could always lose even more of its value.