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Tron (TRX/USD) is a decentralised blockchain-based operating system that was created by the Tron Foundation and was first launched in 2017.
The Tron network has full support for smart contracts, as well as a variety of different blockchain systems, alongside decentralised applications (dApp) support in decentralised finance (DeFi) and non-fungible token (NFT) minting.
It has grown into a large ecosystem fueled by its native cryptocurrency, TRX.
Tron updates and progression as catalysts for growth
On August 30, 2022, Tron published the “TRON Weekly Report 8.22–8.28 International Version” blog post, where they went over the latest updates surrounding the overall ecosystem.
Some of the key updates include an improvement to the logic of block production, as well as the logic of fork switch. They also added a tool for database storage and boosted the efficiency of establishing a TCP connection, alongside enhancing stability and node connection.
When we look at their reported on-chain data, Tron’s blockchain height exceeded 43.61 million, with a total of 6,713 nodes across the network. The total number of accounts on the Tron Mainnet reached 108,781,925, with 971,880 new accounts throughout the week.
Furthermore, based on data from the TronScan blockchain explorer, on August 31, TRON’s accounts reached 109,531,666.
Should you buy Tron (TRX)?
On August 31, 2022, Tron (TRX) had a value of $0.064419.
When we go over its all-time high, the Tron (TRX) cryptocurrency reached a value of $0.231673 on January 5, 2018.
Going over its performance throughout the previous month, Tron (TRX) had its lowest point of value on July 3 at $0.0626. Its highest point was on July 30 at $0.07105.
Here we can see an increase in value of $0.00845 or by 13%.
With this in mind, investors might want to buy Tron as it can climb to $0.1 by the end of September 2022.
The post Why Tron is one of the best coins you can buy at the end of August 2022 appeared first on Invezz.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.