This Is Why TRX Will Be A Dominating Force This Super Cycle

This Is Why TRX Will Be A Dominating Force This Super Cycle

By Sapphire | Sapphire Crypto | 13 Sep 2020


The 2017 Darling

If you were in the Crypto space during the last bull run you will remember how Tron basically rose to fame in a matter of weeks. I picked up my first TRX at a fraction of a cent. Tron went on to become one of the best performing alts of the season, reaching an all time high of approximately $0.30! Funnily enough, the recent dynamics and development of the TRX network could not have come at a better time for Tron.

By design or merely by coincidence, TRX is once again well positioned to dominate the altcoin market. While many lost hope and sold off their positions in TRX months and even years ago, others cashed in on the recent surge that the incorporation of DeFi brought to the TRX price. It seems that things are finally lining up for Tron, after a very long, boring and quiet season.

The Dynamics Currently Propelling Tron Into The Future

We have all expressed our horror and disappointment regarding the recent increase in gas fees. ETH has become an asset that many cannot really afford to move, which affects all ERC20 tokens along with it.

Many are holding ETH and ERC20 tokens, eagerly awaiting a further drop in gas fees. The recent drop in gas fees did provide some relief but the cost is still very high, especially when compared against TRX, XLM or even XRP. TRX transaction fees remain stable and the network confirms transactions almost instantly. This is making it very attractive to use in order to transfer value but in order to use TRX, you need to hold TRX.

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This will increase demand for TRX and ultimately drive the price of TRX up over time.

Dapps and smart contracts have become increasingly popular in 2020 and with gas fees reaching crazy highs, it only makes sense that users will migrate to the next viable solution. The wrestle for Dapp dominance has always been between ETH and TRX and now ETH has literally handed the crown over to Tron. At least until there is some type of solution to the issue at hand. EOS could also stand to capture more users in the Dapp market due to Ethereum's current woes.

DeFi and the launch of SUN token are just further catalysts ready to catapult TRX higher as we move into the next super cycle. So what do we have in TRX that is so attractive?

  • A fast scalable blockchain with very low fees that settles in seconds
  • A wealth of Dapps and smart contracts that are super affordable to utilize
  • Increasing DeFi use cases 

All this in a time when blockchains like BTC and ETH are more likely to see transaction fees increase.

This is historically true and one can only imagine what transaction fees will be when BTC crosses 30K. People have to get smarter and make use of alternatives or they will find themselves on the sidelines. How many people are unable to take part in many of the opportunities available in DeFi, simply because the fees are too high relative to the amount of capital they are able to work with.

Seems like a no-brainer that TRX will prosper over the next year or two. These are however my opinions and not investment advice. 


Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Move into Crypto with Sapphire Crypto!


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Move into Crypto with Sapphire Crypto!

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