Tron (TRX), the 10th largest cryptocurrency by market capitalization has recorded a landmark of contract triggers surpassing 100 million today, according to a Twitter post by the CEO, Justin Sun.
Congratulations on #TRON contract triggers surpassed 100 million. #TRX $TRX ??? pic.twitter.com/WkEqn2EbgY
— Justin Sun (@justinsuntron) December 28, 2018
This is just one of several landmarks recorded by Tron lately. Just a few days ago, the company recorded 1 million user accounts since the launch of the Tron MainNet less than a year since then. Also, Tron defied the lingering bear market to reach 100 million daily transactions just last week, giving it a significant hope of forging ahead against all odds.
Contract triggers are mechanisms that trigger the execution of smart contracts on a network which Tron is known for. As at October 2018, the network had deployed over 90 smart contracts and is still counting. The network reaching this 100 million triggers so fast is an indication that more smart contracts will be deployed in the future.
Tron (TRX) has seen price surges probably as a result of the exploits it is doing with high transaction volumes, contract triggers, and user accounts. It was among the top gainers during the intermittent market recoveries before the crash relapse currently being experienced. It has also pushed vigorously against the bears during the bear market that has ravaged the cryptocurrency space since November.
Meanwhile, its rival Ethereum (ETH) has not recorded much this year. However, it has been on the top during the recovery last week and in the last few days, reaching a peak of over $130 for the first time since the November crash. It is still trading at $118.77 at press time, significantly more resistant to the latest dip than Bitcoin (BTC).
Tron is currently trading at $0.0188 and in the red like most cryptocurrencies at this time. Of all the top ten cryptocurrencies, only the stablecoin Tether USDT is in green, suggesting there is another general dip which may take BTC below $3,000 according to some opinions.
With Sun’s innovations and the current trends, TRX may go much higher than its current price even before the end of 2018. Will the entire market follow the same trend or has this current crash come to stay for a while?
