Justin Sun:”It’s Just The Beginning” As Tron (TRX) Cruises Past Ethereum In Daily Transaction Volume – Possible Bull Run Loading?
Tron continues to disrupt the status quo in the crypto world as it seeks to carve a special space for itself among the top and most popular cryptocurrencies. Well, TRX just surpassed ETH in numbers to be the better one in terms of daily transactions. On October 18, Ethereum recorded 565,791 transactions against Tron’s impressive figure that clocked 599,354 transactions. That effectively put Tron in a leading position by tens of thousands of transactions.
On the material day, that’s October 18, transactions on the Tron network saw a huge spike to hit just a step away from 600k. A day earlier, the Tron Blockchain Explorer had sent out a tweet saying that around 77% of transactions happening on the network were Smart Contracts. As such, it’s certain that the recent launching of TRONbet has greatly contributed to this spike as huge numbers of users troop in to earn themselves some TRX.
Just the other day, Justin Sun tweeted that about 70 million TRX had been transferred to winners on TRONbet. In its first day live, TRONbet recorded a cool 10,000 plays.
How Did Tron (TRX) Get Here?
It’s not every day that the 11th crypto takes on the 2nd largest by market cap and actually wins. In this case, although TRX’s total market cap still remains way behind ETH’s, the fight it’s putting up in the daily transactions category is clearly noticeable and probably speaks a lot about its near future. It’s only two months ago that Justin Sun took to twitter to predict that Tron was bound to knock out ETH and XRP.
Two months ago, TRX was at position 13th. Today, it’s the 11th largest crypto in the market. The launching of the TVM (Tron Virtual Machine) and the migration from ERC-20 to the MainNet as well as its listing by more exchanges has greatly contributed to Tron’s current status.
Justin Tweets “It’s just The Beginning”
Right after Tron surpassed Ehereum in daily transactions, Justin Sun took to twitter to let the world know that TRX is the next big thing. After clearly spelling out TRX’s numbers versus Ethereum’s, he went on to say that the new development is just the beginning of more of Tron’s triumphs to come. The Tron network has been touted as about 80 times faster than the Ethereum network, and that’s another plus for a crypto that aims to soon wiggle its way into the top 10 in the market.
Responding to Justin’s tweet, one of the twitter users on the thread said that Project Atlas could be the catalyst that TRX needs to make a major jump. Tron plans to launch the project soon. Could such a development really push TRX to higher limits? Is TRX about to form a major bullish trend?