When we look at the top 20 cryptocurrencies by market capitalization, we will notice a small, 4 – letter word, TRON. It is the blockchain-based decentralization platform created by Justin Sun in the year 2017. It’s native cryptocurrency – TRX, else known as Tronix.
The Tron network has had quite successful couple of years, from its creation in 2017, up to this point it has managed to easily shoot past its competitors, climbing in volume and value, with the all-time low of 0.00154713 €, all the way to its all-time high of 0.192595 €. This of course, is not just a part of the result of a lot of coincidental factors, but is in fact largely the result of calculated moves on the side of Justin and the TRON team. When you take a look at the way TRON has grown on the market, you will see it is mainly due to a classic M&A oriented business strategy.
From Binance, Steemit, all the way to the purchase of Bittorrent, it seems the business partnerships, takeovers and acquisitions are just gaining momentum. What will be Justin’s next move? We can’t know for sure, but it’s safe to say it’s going to be very strongly known.
On the other hand, by affecting every part of the crypto sphere, being the basis for future gaming platforms and multimedia networks, TRON has the potential to reach a great increase in value, as well as increase in stability. What do you think about Justin's strategy? Does he have the right idea, or is he soon going to start moving completely out of bounds?