TRC20-USDC was launched on June 2021 and has attracted much attention in the blockchain world. The USDC on TRON has exceeded 100 million. TRON is the most robust blockchain ecosystem with more than 2.1 Billion transactions.
This sounds great and this is also huge. Reportedly, in just 2 days of public unveiling, USDC on Tron Blockchain surpassed $100M in just 2 days after public unveiling. This growth is happening only because traders are looking at faster and cheaper transactions when compared to Ethereum.
Justin Sun of the Tron blockchain is a crypto influencer and the blockchain has already gained traction for the rapid growth of Tether USDT on the network. There is more Tether on Tron than on Ethereum. This was possible because users were looking for blockchains which will provide faster and cheaper transactions.
Now it is USDC onboarding on the TRON Blockchain. There is an increased adoption of USDC on decentralized finance (DeFi). More than 50% of USDC is being used in smart contracts.
The Tron community has desired for quite long to see if the Tronix token reaches $1. Analysts opine that to get to $1m Tron coin should gain 1,200 percent more than It’s current price. If TRON sustains a monthly growth rate of 15 percent from now, it would take for it 18 months to get there. This might hit the $1 price milestone as early as 2022.
TRON has a lot going, ranging from TRON wallet to its recent partnership with BitTorrent, these developments many believe will have a positive impact on the price of TRX going forward.
Tron Price is very low because it has a very high Circulating Supply. The price depends upon Circulating Supply. When the supply is the less the price will be more, when the supply is more, the price will be less.
There are many things which can actually drive the price of the coin upward. It has got a competent and fast blockchain, which is faster than that of Ethereum. With reduced supply, there is no reason for the TRX price to not rise, particularly since Tron does have a variety of great use cases.
Several people are wondering what is TRON coin. The TRON project runs off a cryptocurrency known as TRX. And, this cryptocurrency has garnered lot of fans, known as the ‘TRX army.’
However, there are several other coins from the TRON foundation. The users are not sure of how to put these coins to use. The volatility of TRX is favorable for those who know how to deal with the ups and downs.
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