Why Tron could keep growing

Why Tron could keep growing

To grow, it's crucial that Tron finds meaningful partnerships to build upon. This is why the news of potentially big partnerships with NASDAQ listed companies had such an effect on the price. Late last month, Tron announced it had signed a new deal with Singapore bike-sharing company oBike, which has 10 million members across Asia, Europe and Australia. The deal will see oBike launch its own token based on Tron called oCoins for users to pay for rides. Riders can also earn oCoins the more they ride, those coins can then be used not only for more rides but to also buy content on the Tron platform. Currently, content partners on the Tron platform include live-streaming app Uplive and community audio service Peiwo. It's also been heavily rumoured that Chinese giant Alibaba could partner with Tron due to the connections between Tron's Justin Sun and Alibaba founder Jack Ma. This could also be one of the companies Sun was talking about when referring to a NASDAQ listed company, as Alibaba listed on it in 2014 with the world's largest ever IPO.

Tron's founder is a very respected Asian tech leader

Justin Sun is very respected across Asia. He personally knows Alibaba founder Jack Ma and even received a scholarship to his school in China. Previously he founded China's Snapchat competitor Peiwo, which is one of the partners of Tron at the moment. He also led Ripple's efforts in Asia before starting Tron, which helped him push his reputation with partners, tech companies and finance companies throughout the region.

Despite its rise, it still hasn't really been noticed by the Western markets

Most of Tron's growth has come from Asia, where it's based. Most of the chatter around it has also come from the Asian markets, particularly in China and South Korea. Likewise, it's only just starting to be picked up by bigger Western exchanges – in Australia this includes Coinspot. If it manages to jump on a platform such as Coinbase which attracts casual buyers, it has the potential to explode even more.

How big can Tron get?

Like Ripple, Stellar and other currencies that have been shooting up recently, their success all rides on how well they can partner. Tron seems to be on the right track, and if the partnerships Sun has teased recently are as big as he claims, it could see that reflect in Tron's price.