TRON (TRX): Is it the Right Time to Buy Ahead of Key Catalysts?
Over the past year or so, TRON (TRX) has grown into one of the most promising cryptocurrencies in the world, and experts believe that it has not yet reached its full potential. In addition to that, the fact that TRON separated from Ethereum completely has also been regarded as a monumental step in the development of the project.
For those who have watched the growth of TRON closely, the decoupling from Ethereum was regarded as the cryptocurrency’s ‘Independence Day,’ and there was optimism that it was going to go on a sustained bull run.
Although the bull run did not happen, there is a lot of optimism among those who have invested in TRX and, more importantly, TRON founder Justin Sun has stated that the cryptocurrency is on course for significant breakthroughs. Sun is known for making bullish comments quite frequently, and his comments are usually taken with a grain of salt.
However, this time, experts believe that he may actually be on the right track. In this regard, it needs to be stated that the acquisition of BitTorrent was one of the most significant deals that had been done by the company and BitTorrent could play an important role in TRON’s growth in the future.
According to Justin Sun, the official launch of BitTorrent Speed is going to be the most significant event in the company’s recent history, and so, July is all set to be a big month for TRON. Moreover, the Power of One Lunch in collaboration with eBay and Warren Buffett is going to be another event that could have a major effect on TRON. BitTorrent Speed will see the first major use case for cryptocurrencies at a significant level, while the Power of One Lunch will see Warren Buffett turning into a backer of crypto from his historical quite critical standpoint on cryptocurrency.
In addition to these events, TRON has also recently backed developers to use its blockchain to build apps, and recently crossed eight million users. Once the 100 million users on BitTorrent are added to the existing pool, the potential of TRON could get unlocked pretty fast. Other than that, the partnerships with LATOKEN, a multi-asset trading platform, and Certik, which is engaged in blockchain audit, could prove to be other important factors in TRON’s rise too.
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