The past week hasn’t been very good for TRX to say the least. The coin has kept on moving in a slow or sideways moving motion. They have also had a couple of break-outs but they weren’t enough to break or even made a dent in their own status quo. The price first broke out shortly after a weekly low of $0.0329. Yesterday the coin did reach a high but this really was a short pump and dump. It failed to rally the prices and it also consolidated back to where it was almost right away. One TRX can be purchased for just over $2 at the moment and this ultimately means that the 11th spot at the Coin Market Cap. It is also one of the most valuable cryptocurrencies around so this is one of the many things that you have to think about when the time does come for you to even remotely think about investing. Tron has undergone a lot of changes and they have also had a very interesting week to say the least. The Tron foundation have had a booth at the Blockchain Partners in Summit and this was held at Seoul. People were then given the chance to talk about their TRX currency and they also had the chance to try and take a picture of the cardboard version out of Justin Sun. They have also released a full list of cryptocurrency exchanges. They have also released a full list of exchanges and this is going to help complete the Tron mitigation as well. TronLink has been announced and the foundation has explained that it is going to be very similar in terms of the Tron Network as well. Of course, this does the same as the ETH network as well. The idea is that deveelopers will now be able to interact and even develop DApps as well. This can be done in the browser and this will then open up a whole new realm of possibilities. Tron has never seen anything like this before, and it is incredible to say the least.
Another thing that you should know is that the Super Representative elections are happening and everything is moving along nicely as well. Justin Sun has released an old messaging app and they have also announced Infinity Stones as well. This is a company that is able to provide a ton of cloud management services. They just don’t stop there however, because they are also able to provide a ton of blockchain solutions. It should also be noted that BitTorrent is also going to be participating as a candidate in the election. They have a sister company known as Utorrent and this is going to be an ongoing process to say the least. They have become a 12th representative.
On July 24th, the CEO Justin Sun happened to confirm what a lot of us knew already. He has completed the purchase of Bittorrent and he has also done worked on numerous projects since. He has also teased project Atlas. This is a secret project that Tron have been teasing a lot over the last few days. It is said that this is going to combine Bittorrent and Tron and that it will also help to increase the amount of swarms that are present. It is also going to increase the lifespan of those swarms as well and this is interesting to say the least. Of course, by implementing the Tron network into Bittorrent, it is said that they are going to try and improve on the existing altruism. At this point, there’s really no incentives for those who have completed downloading and even continued to seed. They have the aim to try and extend the rewards to peers who happen to seed torrents and they have also infused way more resources when compared.
This is especially the case when you look at the Torrent ecosystem. Tron as a network is going to be the underlying protocol for the project and when you look at the hundreds of millions of users that are going to be a part of it, you will soon see how the whole thing can come together. Bittorrent will soon be the largest application on the network and Tron has high hopes that this will give them the chance to try and take over ETH when compared. Sun also hopes that this will help Tron to have way more blockchain movements per day and that they are also, one day, going to become one of the most influential and most public blockchains in the world.