Justin Sun, the founder and the chairman of Tron (TRX), has started the countdown for the release of Tron’s Mainnet, set for May 31st. Following the highly acclaimed release of Testnet, the team is now gearing up for the long-awaited rollout of the Mainnet.
The Mainnet arrives with the migration to the ERC20 token which is slated for June 21st. Following this fruitful move, Tron will become a prospective contender for Ethereum (ETH), according to Justin Sun.
Justin has just tweeted:
Tron Main Net launch countdown: 31 days, 744 hours, 44,640 minutes, 2,678,400 seconds!
Tron (TRX) grabbed the 9th position and hold on it, as NEO (NEO) dropped
TRX has skyrocketed in terms of market capitalization and value in the run-up to the forthcoming highly significant elections and release of Mainnet.
The whole cryptocurrencies market has tied the success of TRX to the release of Mainnet to a significant degree.
TRX had entered the top 10 list ranking in 9th position yesterday just before falling back to the 10th place. In a matter of hours, TRX rose once again to retain its 9th position and remained steady on the 9th place in the cryptocurrencies market, defeating NEO (NEO).
Tron (TRX) is the single double-digit gainer among the top 20 cryptocurrencies, at this moment
At the moment of writing this article, Tron (TRX) is trading at $0.099, registering a 16.49% increase in the last 24 hours and reaching to a market cap of approximately $6,42 billion, securing, for the moment, the 9th position in the front of NEO (NEO).
Today, the cryptocurrencies market presented a negative trending which ‘contaminated’ almost every coin on the market. Despite this massive drop in the market, TRX settles, as we speak, on the second position by gains, behind the lesser-known Aelf coin. However, TRX is the biggest gainer among the top 10 cryptocurrencies and this means a lot to it.
In conclusion, as we get closer to the Tron’s Mainnet release, Tron (TRX) will register gains. It would be interesting to see how much this coin will increase on the cryptocurrencies market in terms of both market cap and value against the USD. However, TRX is a promising coin which might indeed go to the Moon, eventually.