The Month Of May should be renamed Tron Month as the news and announcements about the project keep coming at an exponential rate. This in turn helps to boost the value of the token in the numerous exchanges. Current market analysis puts Tron (TRX) at a value of $0.088 and down 7.16% in 24 hours. TRX has since edged out IOTA from the number 10 spot and even climbed a position higher to bask comfortably at the number 9 position on coinmarketcap.com.
With such achievements mentioned above, making it to the top 5 is a possibility in the coming months.
As the momentum gathers with the Tron project, the team is showing their gratitude to the Ethereum community by issuing a 30 Million TRX Airdrop that is currently ongoing. In a tweet today, Justin Sun expressed his gratitude to the community and explained that the airdrop was experiencing some network delays. In the Tweet, he said:
#TRON 30M #TRX Airdrop to #ETHEREUM Community, people who didn’t get #TRX airdrop, please bear with us as we work through #ETH congestion issues. Thank you for your patience!
Due to the mentioned congestion issues, the Tron foundation has only managed to distribute approximately 4% of the scheduled amount to qualified Ethereum users. The Airdrops began on April 27th and the Tron foundation have increased mining fees to accelerate the process.
Additional news indicate that popular cryptocurrency exchange, Bitfinex, will fully support the TRX token migration scheduled for the 21st of June this year. Bittrex exchange is also supporting the token migration. It looks like it will be smooth sailing during the event.
In conclusion, the Tron project is on track to being one of the most exciting crypto projects to grace the crypto-verse. The leadership and constant communication witnessed through Justin Sun and the Tron team has truly boosted investor confidence for all the HODLers and all who wish to create Decentralized Applications on the Main Net version of the network that launches on the 31st of May this year.
Speculation is high for the future price of the token, and later coin, with HODLers even dreaming of a day when TRX will be valued at $1.