According to the CoinMarketCap, the value of Tron (TRX) has increased by more than 12%. The spike occurred just some hours before the founder of Tron, Justin Sun announced the network’s super representatives were successful in achieving the consensus, and hence, the Tron Virtual Machine will be launched.
The virtual machine will be beneficial for the blockchain industry as it will help in the development of tools that are required in creating the decentralized apps. These decentralized apps will be capable of reading and executing the smart contracts that are present on the Tron network.
This price surge also made an impact on the cryptocurrency market. Sun has stated that Tron will be one of the top ten cryptocurrencies in the coming six months.
Sun mention, “If we take a look at the cryptocurrencies that occupied the top ten positions we will find that those are not enough motivated to improve their product and its value. They represent the old age cryptocurrencies while Tron, on the other hand, is a young currency which has been brought in the market by a young company. We are using innovative, cutting-edge technologies, and we have enough room to acquire one of the top positions by the next six months. We are confident enough for our place in the top ten best cryptocurrencies”.
According to CoinMarketCap, Tron is in the eleventh position in the market and if the wave continues, Tron will become of one of the top ten cryptocurrencies in the very near future. The spike created a significant impact in the cryptocurrency market.
