TRON (TRX) grew 136 percent this last month and is now the 9th largest cryptocurrency by market capitalization. TRON has pushed Dash to 11th place.
Growing well over 2,000 percent since mid-December, TRON has been on an upturn since mid-December. The first week of 2018 saw TRON enjoy almost 300 percent growth. TRON hit $0.20 earlier and now trades at an average of $0.17. It has a market cap of $12.4 bln.
What is TRON?
TRON is a blockchain-based protocol for the entertainment industry. It is a platform for content distribution where TRX, TRON’s native token, is distributed. Early in September, the project ran an ICO and reached their fundraising goal of $70 mlm. TRX has been trading since mid-September.
The founder and CEO of TRON, Justin Sun, posted a couple of enticing tweets that hint at upcoming partnerships. The company did not disclose any details including names.
Sun has said, “We will be huge soon!” Referring to potential partnerships with “giant companies.”
On January 4, Sun sent out a second teaser tweet about a significant partnership that will be announced next week.