TRX, the native token of the TRON platform, is attracting attention as a potentially undervalued asset. This interest is intensified by the historical performance of TRX and the current situation in the cryptocurrency market.
Historical Performance of TRX
A recent post by @CryptoPatel on X highlighted historical TRX prices, reaching $0.30 in 2018 when Bitcoin (BTC) was $17,178 and peaking at $0.18 in 2021 with BTC at $64,899. Today, with BTC priced at $113,000, TRX stands at $0.32, leading to discussions about its undervaluation.
TRON Ecosystem and Its Achievements
Founded by Justin Sun in 2014 and overseen by the TRON Foundation since 2017, TRON operates as a decentralized blockchain with smart contract capabilities and low transaction fees. The platform hosts a significant portion of stablecoins, including USDT. In recent years, TRON has achieved milestones including the SunPump platform generating 1.84 million TRX in revenue since its launch, and a partnership with Oraichain for AI integration.
Controversies and the Future of TRX
However, TRON's journey has not been without controversy. The 2017 ICO raised $70 million just before China's ban on digital tokens, and subsequent SEC charges against Sun in 2023 for unregistered securities and market manipulation have drawn criticism. Yet, TRON's DeFi ecosystem, including platforms like JustLend DAO and SunSwap, positions it as the second-largest Layer 1 blockchain by total value locked (TVL), challenging the narrative of stagnation.
Support for TRX continues to grow, as advocates of the #MTGA (Make TRON Great Again) movement trust in its technological capabilities and community strength to reshape TRX's future.
