Cryptocurrencies often experience sharp increases and decreases in their price. However, Tron does not seem to react like the rest of the market.

The Tron network has its own Blockchain, which has a consensus mechanism based on DPoS: Delegated Proof of Stake. The Tron network is composed of 127 representatives. Among them, 27 “super-representatives” elected by the TRX holders have the ability to mine blocks to power the blockchain, each new block is produced every 3 seconds, which is very little and makes it one of the fastest blockchains. Rewards earned through the network are redistributed in TRX. The distribution is made in proportion to the number of votes received by the representatives of the network. One point is still worth noting regarding the operation of this blockchain: 40% of the money supply of TRX is held by only 100 addresses. The network is therefore very centralized compared to all crypto projects.

The project’s objective is to remove the intermediaries between consumers of entertainment content and creators. Google Play Store, the App Store of Apple, Windows Store, YouTube, Facebook, Spotify and others serve as an intermediary between creators and the public, the Tron network allows to decentralize the applications present on internet, creating a large file sharing market giving autonomy to users. Justin Sun, the creator of TRX is a controversial figure. Mélagoman, many protocols are named after him as Sunswap, Sunpump, Justland or Juststable. Many crypto-fans are in contempt of the protocol and the character.

After the drop in prices that the network experienced when it was launched, the cryptocurrency has only risen. Tron has been experiencing a bullish price cycle since September 2018, just months after its launch. There have been some downturns including one after the 2021 price pump. See for yourself.

Complicated launch. The Tron’s beginnings were not easy. After a pump that saw TRX take off at $0.20, a sharp drop to bring prices down to $0.019. This is a 90% correction! Since September 2019, prices have only increased. The price of cryptocurrency can be divided into 3 phases, launch, stagnation and rise.

Tron also ranks second in terms of stablecoin on its network just behind the Ethereum blockchain and far ahead of other competitors. The interest of stablecoins for this network is simply explained by extremely low fees compared to the ETH network. However, it is unlikely that the network will surpass number 1 because the number of Daps on the TRX network is still too low.

Distribution of stablecoins by network

The same coins will appear mainly in 2024 on the network. This proliferation of projects has encouraged higher prices on the network.

Lack of transparency which raises questions. Tron is a technically friendly project. Fast network, low costs and the possibility to integrate smart contracts. However, the great centralization of the project, the lack of transparency and the personality of the creator must prompt us to be cautious.