Tron’s performance in the second quarter of 2019 has been outstanding, recently it gained a new high of $0.04 and has retained this upward trend. At press time, it trades at $0.039, increasing at 6.18% in the last 24 hours at a market valuation of $2.6 billion and has also ousted Cardano to claim the 10th spot in market rankings.
The CEO of the Tron, Justin Sun has been aggressive in his effort to promote crypto and blockchain technology. This was demonstrated in his recent lunch date with the American business magnate and investor, Warren Edward Buffett.
The Chief Executive Officer of Tron embarked on a $4.6 million lunch date with Buffett, just to bridge the gap between the crypto community and the traditional investor by drawing the CEO of Berkshire Hathaway out of his comfort zone.
This gesture has also gone a long way to show a high level of interest in the progress of the crypto community by the Tron team.
Factors That Suggest TRX Could Hit A New ATH In 2019
According to an announcement by Justin Sun in a tweet, the BitTorrent Ecosystem is expanding and the user base is also progressing, Based on the high level of activities on this platform, investors believe the next stage of Tron development will be triggered by these incoming positive signals.
A report from Dapp.com states that Tron is the most ambitious projects in the Dapp field. In the second quarter of this year, it has been able to launch $2 million projects more than other blockchain protocols in upgrading its Dapp ecosystem.
A review of TRX performance reveals that in a space of four months, the transaction volume increased from less than 130,000 transactions to over 2 million transactions.
The fact is that this forecast can only be realizable if the Tron network takes it as a challenge. They have succeeded in taking over Ethereum on the Dapp field, and will likely achieve any other set target.