Tron [TRX] dips by more than 6% post Odyssey 3.1 that claimed a win over Ether [ETH], EOS [EOS]

As the week opened on Monday, Tron [TRX] was hitting the bottom and appeared to be the biggest loser with its trading price dipping by more than 5%. At press time, TRX was trading at $0.0255 with a fairly depressed market capitalization of $1.68 billion.

Last week, TRX claimed victory over IOTA [MIOTA] and Dash [DASH] when it surpassed both the cryptocurrencies and jumped to the 11th position from the previously acquired 13th spot. During that event, TRX had gained a massive hike in its market cap and touched $1.83 billion. Here, it was also speculated to enter the top-10 coins by overtaking the privacy coin Monero [XMR] as the gap between the two was cutting closer.

Recently, the Tron community also held a vote for the activation of the Tron Virtual Machine [TVM] where 27 Super Representatives [SRs] are supposed to cast their votes. According to the community protocol, it requires 2/3 of the votes to pass the proposition. In one of the tweets on Justin Sun’s handle, it was mentioned that he was the 18th voter on the matter. The tweet in full read:

“Below is updated count on #TVM Getting closer! The final acceptance should come through in this new day I see lots of excitement, lets keep it together and make #tron strong #TRX #TRON”

Along with the Tweet, a screenshot was also shared by the community on the list of the SRs that voted.

Time and again and even at the launch of Tron’s Odyssey 3.1 upgrade, the Founder and CEO of the Tron Foundation, Justin Sun claimed his coin to be 200x fast than Etehreum [ETH] and 200x cheaper than EOS [EOS]. Meanwhile, many cryptocurrency community members have alleged that the claims are false as the Github repository of Tron is inactive.