TRON's new wave of developments could soon pay off

The TRON Foundation is making significant strides to push the adoption of its native cryptocurrency, TRX. In the last few weeks, the non-profit organization was able to secure different partnerships that increase the utility of its token and make it available to a wider market.

The TRON Foundation announced a partnership with Coingaming Group, one of the leading crypto gaming companies in the industry.

The TRON community would now be able to use TRX in some of the most popular games in the space, Bitcasino.io and Sportsbet.io.

The recent wave of developments has even made the most skeptics bullish about the future of TRON. According to Bitcoin developer, Udi Wertheimer, TRON could flip Ethereum over the "Next year or so." Wertheimer argues that this cryptocurrency is experiencing a faster development than ETH, and has better censorship resistance qualities and a greater number of transactions.

As the positivism around TRON mounts, its price is starting to show signs of recovery.

After hitting a low of $0.012 on Sept. 24, TRON quickly recovered and is currently up 72 percent.

A break above $0.020 could allow TRON to surge to the next levels of resistance at $0.023, $0.026 or $0.029.

Chinese President Xi Jinping's decision to "Take the leading position in the emerging field of blockchain" could also be fueling the bullish sentiment behind TRON. In fact, in the latest crypto ranking index, China's Center for Information and Industry Development ranked TRON No. 2 among all cryptocurrencies in the market.

TRON moved up one spot compared to the previous issue pushing Ethereum to the third position.

The hype behind TRON could just be getting started as the TRON Foundation continues to make strategic partnerships and China begins to embrace blockchain technology.