TRON founder Justin Sun has confidently predicted that TRON will become one of the top three cryptocurrencies within the next two years. Sun made this bold statement during a recent interview with Austin Arnold on the Altcoin Daily podcast. Sun’s forecast is based on TRON’s current trajectory and performance rather than mere optimism.
Sun focused on the monthly and weekly achievements of the network and how they align with the goals TRON set when it started. Seven years ago, one of TRON’s goals was to be among the top three cryptocurrencies. However, Sun now considers the above target achievable in light of the expansion of the network and the growing need for its use. He proudly boasted that “almost everyone is using TRON in the crypto world” and that the platform’s popularity baseline lies there.
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TRON’s Strong Market Position
TRON is ranked 10th internationally by CoinMarketCap, with a market capitalization of $13 billion and a circulating supply of 87 billion TRX. TRX, the TRON network’s native coin, has grown significantly since its debut in late 2017. TRX began trading at $0.00337 and has subsequently increased by more than 6,800% to its current price of $0.1489.
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TRX’s upward trend has been consistent, with significant highs throughout big crypto bull markets. TRX rallied 329% in 2018, then surged by 2,800% during the 2021 bull run, reaching a high of $0.1844. Despite a dip during the ensuing weak market, TRX has demonstrated tenacity by eventually regaining most of its losses.
USDT Integration Boosts TRON’s Adoption
Although TRON has received much attention recently, most of its volumes have been from USDT stablecoin transactions. TRON is also favored as a network by many cryptocurrency community members because it is generally considered efficient and has received praise for having lower transaction fees than similar platforms. The expansion of the integration of USDT has also played a vital role in the growth of TRON and its constant rise in the market.
Conclusion
As TRON strengthens its market position, Justin Sun’s bold prediction could become a reality in the coming years. With consistent growth, widespread adoption, and a strong presence in the crypto space, TRON’s rise to the top three cryptocurrencies seems achievable. As the market evolves, all eyes will be on TRON to see if it can sustain its momentum and reach this ambitious milestone.
Also Read: Reasons Why Justin Sun Made Almost 600 Billion SHIB Withdrawal
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.