The TRON project is not lacking in publicity, but its market price once again seems frozen.
3 hrs ago
Bittrex, which promised to reopen for US-based traders, sees only around 2.7% of total trading volumes for TRX. Until now, Binance held most TRX trades, and was the go-to exchange for US-based investors. The TRX price rise is, for now, gradual, and the effect of Bittrex has not been dramatic. TRX is still preferred on Asian exchanges, and holds a specific risk profile related to speculation in Korea.
Some believe TRX is just in time for a breakout, as trading volumes are becoming more consistent. The project is in the final stretch ahead of the May 31 mainnet launch. The communication from the project’s founder, Justin Sun, is quite active:
#TRX $TRX Answers to frequently asked questions of #TRON @Tronfoundation https://t.co/YkV4QvSCbw
— Justin Sun (@justinsuntron) April 23, 2018
The coming months will show the strength of the TRON community, and will be a real-world case of having a governance system of elected delegates. But beyond that, the TRON project still awaits its apps and real-world applications.
Recently, the TRON project announced it is opening an office in Taiwan, after talking to local regulators. TRON will also participate in a Taiwan-based self-regulatory blockchain organization.
But the activity and attempts at marketing for TRON are still met with criticism. Recently, Vitalik Buterin was not shy about calling TRON a scam, for not having a working product. It remains to be seen if moving TRON to a new blockchain makes the ecosystem meaningful, similar to NEO, QTUM, or Stellar (XLM).