TRON Price Analysis: TRX Nosedives as Mainnet Hype Subsided

TRON (TRX) mainnet was launched on May 31^st. of this year. Design of TRON was formulated to remove ERC20 identity and shift from Ethereum platform, hence, became a true token of its own kind. TRON targets to bring forth variety of features for its users. It promotes transaction rate hundred times faster as compared to that of Ethereum.

TRON mainnet is predicted to go through a testing period after its launch untill June 25^th (called “Independence Day” by the developers), alongside the launch of genesis block. TRX token migration is scheduled on June 21^st.

TRON (TRX) Price Analysis

In MainNet Launch that occurred on 31^st May, the value dip was prominently seen as the TRX price had fallen from $.067 to $.060 which was 9.3% decrease.

TRX price is going below $.060 mark on 1^st June 2018. Though with a healthy trend in the short term, TRX can accelerate back to $0.066 in the month of June. We assume a massive adoption of this cryptocurrency in near future.

Price of Ethereum is also seen at $568 on June 1^st 2018. It is said that if you had invested $1,000 in Ethereum at the start of this current year, it must had generated a profit of $36,000 by June 2018

Justin Sun and the Tron foundation are acclaimed for bringing forth their communication skills, daily updates and live streams during TestNet and MainNet launches to the masses.

Why #TRON is better than #ETH: 1. 2000TPS vs. 25TPS 2. Popular sovereignty of token vs. Authoritarian rules 3. 100M Dapp users vs. Thousands 4. None fees vs. High fees 5. Coin burn vs. No coin burn 6. $2B bonus vs. Zero 7. High scalability vs Poor scalability #TRX $TRX pic.twitter.com/W7jEjmx0wp

— Justin Sun (@justinsuntron) June 1, 2018

To further improvise this, investors can play an important role. They must invest to find critical bugs in this platform and must seek help of energetic developers in this regard. If investors will fix this issue, price will stop declining.

TRON (TRX) Price Forecast

TRX is traded at $.06 currently. In the next 5 years, it is expected to be traded at more than $1. It is suggested that investors should buy and accumulate TRX on dips.

John Mcafee, a crypto adviser and influencer also supports TRON with long term and technological perspective

If you are in the Tron community, vote for @team_tronics. Why? Because they are one of the few teams attempting to give back to the crypto community. Also, there are a couple of beautiful women on the team who promised to send me their phone numbers. So vote for them or else!! pic.twitter.com/EYZdOZTzsv

— John McAfee (@officialmcafee) May 29, 2018

Future price of TRON (TRX) is predicted to boost because more developers are using this platform significantly. Moreover, Bixin, one of the top crypto currency wallet platforms is supporting immensely the TRON blockchain upgradation and TRX token migration.

In recent Mainnet Launch of TRON, it has reached 31 countries with 2500 nodes. Future of TRX seems promising although with current low prices, but with the support of crypto wallet platforms, investors will find it beneficent for themselves.