TRON native token TRX was launched in 2017. Its main net was launched in 2018. TRX had been ranked among the top five cryptocurrencies in terms of market capitalization on CoinMarketCap in early 2018. It is presently ranked in position 13th. With the recent performance and developments within the TRON Blockchain, it is possible that it would join the top 10 ranked cryptocurrencies soon.

At the time of writing, TRX is trading at $0.081 and 24 hours decrease by 1.54%.

The reasons why Tron (TRX) might join the top 10 Cryptocurrencies soon include:
<ul>
 	<li>Tron recent performance.</li>
 	<li>TRON (TRX) token burn.</li>
 	<li>Stability of TRON Stablecoin TRON USDD.</li>
 	<li>TRON (TRX) positive price prediction.</li>
 	<li>The surge in TRX Total Value Locked.</li>
</ul>
TRON recent performance

The past few months have been unfavourable to most cryptocurrency investors. This is due to the crypto winter that saw the prices of most of the top cryptocurrencies fall to a recent low price.

The price of Bitcoin has decreased by 16.7%, 29%, and 28.63% in the past 30 days, 60 days, and 90 days respectively. That of Ethereum has decreased by 28%, 38%, and 33% in the past 30 days, 60 days, and 90 days respectively. Dogecoin (DOGE) which is presently ranked as the 10th cryptocurrency has decreased by 32%, 35.07%, and 35.17% in the past 30 days, 60 days, and 90 days respectively. Polkadot (DOT) which is ranked in position 11th has decreased by 29%, 49%, and 44% respectively.

TRON is the best gainer presently among the top 24 cryptocurrencies, and the only one with a bullish record in the past 30 days, 60 days and 90 days respectively. TRX has gained 30%, 13%, and 31% within this duration.

If Dogecoin (DOGE), Polkadot (DOT), Wrapped Bitcoin (WBTC), and Tron (TRX) maintain their present record for the next 30 days or 90 days, TRX will enter the top 10 Cryptocurrencies soon. This is because, the present market capitalization of DOGE, DOT, WBTC, and TRX is $11.61B, $10.37B, $8.67B, and $7.7B respectively.

If the market capitalization of DOGE falls by 35.17% in the next 90 days, it will be $7.52B. If the market capitalization of DOT falls by its present 44% in the next 90 days, it will be $5.80B. If the market capitalization of WBTC falls by 28.63% in the next 90 days, it will be $6.18B. If the market capitalization of TRX increases by 31% in the next 90 days, it will be $10.08B.

This shows that TRX could hit the top 10 ranked cryptocurrencies soon.
<h2>TRON Token burn</h2>
TRON team led by Justin Sun had indicated that they are in a state if deflation. On 26th May, over 385 million TRX worth over $31.18 million was burned at the present price of $0.081. Justin Sun noted that they wish to get to 8 billion TRX burn soon. According to recent news, over 7.7 billion TRX tokens had been burnt in the past 30 weeks. May has seen the number hit the one billion mark twice. At the time of writing, 93.95B TRX are in circulation. This continuous token burn is one of the factors that had led to an increase in the price of Tron (TRX) in recent times. This also increased its market capitalization thereby improving its ranking in CoinMarketCap.
<h3>Stability of TRON Stablecoin USDD</h3>
The TRON Blockchain launched another Stablecoin called TRON USDD. Irrespective of the market turbulence that saw the prices of most cryptocurrencies enter the bearish mode, TRON USDD has maintained its stability since its launch on May 5th, 2022. At the time of writing, USDD is trading at $0.9999 and is with a market capitalization of $601.77 million. This has added a lot of funds to the Tron blockchain, therefore, increasing the ranking of TRX.

Since the present circulating supply of USDD is 601,861,101.61 USDD according to CoinMarketCap, more USDD could be minted as demand rises. This will both increase the market ranking of USDD and TRX.
<h3>TRON positive price prediction</h3>
The price predictions for the future of Tron (TRX) have been favourable. Different analysts from different media platforms are optimistic about a price rise for TRX.

According to a publication on Cryptoknowmics.com on April 3rd, the price of TRON (TRX) could hit $0.1 by the end of 2022 and $3 by the end of 2026. If this price is attained this year, it means that we should expect the price of TRX to increase by 23.46% before the end of this year.

Cryptocurrency analysts from other media platforms such as Wallet Investors, Digitalcoinprice, Gov Capital, and Price prediction have positive future forecasts for TRX.

According to Wallet Investors, Digitalcoinprice, Gov Capital and Price prediction, the price of TRX might reach $0.107 by March 2023, $0.081 by the end of 2022, and $0.12 by March 2023, and $0.081 by the end of 2022 respectively.

The surge in Tron Total Value Locked (TVL)

In the past 30 days, the total value locked (TVL) on the TRON network has increased by 45% according to Wu blockchain. This value was positively affected by the launch of TRON Stablecoin USDD in May.

TVL for TRX has increased by 14% in the past week, thereby adding $6 billion to its value. This is due to the 30% annual percentage yield (APY) that users can earn with their USDD holdings.

Although, TRON USDD is an algorithm Stablecoin just like the imploded Terra Stablecoin TerraUSD Classic.
<h2>Conclusion</h2>
For the reasons above, it could be seen that TRON (TRX) will join the top 10 Cryptocurrencies in CoinMarketCap soon.

TRON (TRX) Could Join the Top 10 Cryptocurrencies Soon

Tron (TRX) Token in the picture to join the infamous race of top 10 best cryptocurrencies soon. Click to know more about the story.

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

TRON (TRX) Could Join the Top 10 Cryptocurrencies Soon

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