In case you didn’t understand my quote above, it was in reference to the 2010, forgettable TRON: Legacy film from Walt Disney Pictures. While this film was lackluster at best, the same can not be said for the newest crypto token contender out of China, Tron, trading under the acronym TRX.

TRX by it’s very inception has been considered a “sleeper” currency. It’s whitepaper isn’t the most inclusive or detailed, it’s roadmap isn’t completely outlined. The team isn’t even the most top-notch group available under the sun. But from it’s core Tron has set out to complete a very specific purpose, namely:

TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem. Peiwo App with over 10 million users will become the first TRON-compatible entertainment APP.

So how does another “Web 4.0” project token bring international exchanges to its knees and absolutely DWARF previous market volume by 24 hour period?

Binance has been plagued by huge registration increases and web traffic that has crippled their infrastructure.

Several confirmed partnerships, coupled with veiled discussions of upcoming announcements have further fueled the TRX buying hype seen in the last few days. As has been verified on Twitter, images like the following began to pop up during the large trading spikes seen on exchanges:

At it’s core, FOMO, or Fear of Missing Out, isn’t necessarily bad, but it’s not always good as well. It makes for a volatile market with large swings in both directions, and diminishes a more clear-cut market consolidation level.

Verge (XVG) is a clear example of FOMO spiking.

Emotions can sway and directly affect market decisions, but in the end, the numbers don’t lie. As of the time of this writing, TRX has moved over $4,473,470,000 USD in 24 hour volume, pushing it to a market cap of over $15,892,850,330 USD. Keep in mind this is with a token that has a circulation of 65,748,192,475 TRX, set at a total supply of 100,000,000,000 TRX. This places it at number 6 via CoinMarketCap by market cap.

Previous methods of market prediction have been thrown out the window with large circulation, low cost coins like Ripple & Tron quite literally, mooning in brief periods of time. What we are finding is that previous market growth expectations and predictions are disproportional to the sheer volume of money being invested, specifically in Asian markets.

While he may not be a household name in western markets, Justin Sun, the founder of Tron Foundation sports an impressive resume with many accomplishments at such an early age.

Justin Sun, Founder of Tron Foundation

Justin’s accomplishments are staggering, as noted below:

Justin (Yuchen) Sun is the founder of TRON and Callme (PEIWO) APP. TRON is the world top 40 crypto network and blockchain entertainment content protocol. PEIWO is one of the largest voice live streaming apps in China. Justin is on the list of Forbes 30 under 30 for three times from 2015 to 2017. He is the only millennial student of Hupan University and becomes a protégé of China’s tycoon Jack Ma, Chairman of the Alibaba Group. Justin obtained a Master Degree from the University of Pennsylvania after he received a bachelor degree from Peking University.

Justin has brought together a healthy list of confirmed partners, while hinting at further partnerships to be announced soon.

Confirmed partners include:

This list is quite extensive for a project still in it’s infancy. As previously mentioned, Justin has hinted at further announcements as well:

While many questions remain to be answered, one can not ignore the massive amount of money that has been invested in TRX at this time. Tron has quickly cemented itself as a major player in the cryptocurrency world, and aims to continue doing so throughout the Q1 & Q2 of 2018.

About Me (Kevin Steele):

I am currently an IT Professional with over 10 years experience spread across multiple fields including IT, Graphic Design and Marketing. I am a cryptocurrency enthusiast and all around geek and currently reside in the heart of the Midwest, Indianapolis, IN.