As the vast majority of cryptocurrencies available today continue to drop in price, TRON (TRX) continues to break the trend. While it is still way down from its highs of over $.24 per token, it is actually showing signs of a nice recovery.
TRON has confirmed that they could be launching their test system within the next few weeks, which is sparking a lot of interest. This would put them well ahead of any type of competition, and would show that they have a real product rather than just a ‘whitepaper’ token.
This token was at $.023 just a couple weeks ago, and then doubled in price due to the positive news. The price has since slid some, currently trading at about $.032, but that is still a good gain. This is especially positive given the fact that virtually everything else over the same time period is very red.
Those who are very bullish on TRX have said that if the testnet launch is a success, it could go up to 2000 sat, which would be more than 4 times higher than it is currently trading. Of course, this does assume a smooth launch of the testnet.
TRON is also working on launching their own blockchain, so they can get off the Ethereum system, where the testnet will be running. This is something that they plan on doing sometime later in 2018.
Whether you’re a fan of TRON or not, it is certainly good to see that positive news can still push the price of alt-coins up. Once we get through this bear market, it seems that there will be a lot of room for big growth of cryptocurrencies with strong real-world use cases associated with them.