Introduction to Tron (TRX)
For any good crypto investor, diversification is an imperative step. Diversification can be done by investing in different investment portfolios.
Numerous altcoins have been unearthed in the Cryptocurrency space. Tron is one such altcoin cryptocurrency that is reliable and has an investment appeal. It brings a lot of unique technical features which has made TRON one of the most talked-about coins. For inexpensive trading options, it has proven to be a haven in the crypto market. Tron is based on a decentralized digital platform and has its own native cryptocurrency which is called Tronix (TRX).
What Is Tron (TRX), and How Does It Work?
Tron was developed by Justin Sun in the year 2017. It has Ethereum like a decentralized operating system. It was developed with the aim to give a platform to digital content creators. Basically, to compete with digital (web-based) entertainment forums like Netflix, Amazon, etc.
It has emerged as one of the fastest-growing blockchains. It has more than 70 million accounts to its name. It also claims to be handling over 2000 transactions in a second, which is much higher than any of the other blockchains.
The native token of the blockchain is TRON (TRX). The public ledger holds the transactions of TRX which can be traced back to its origin. The transaction model of TRX is like that of Bitcoin, which is UTXO.
Historical Data of Tron
Justin Sun is the founder of China’s largest voice web streaming platform called Peiwo. He also has experience in working with Ripple. Integration of Tron into Peiwo has helped in expanding the customer base for Tron.
TRON coin was launched at USD 0.0021 in 2017. It picked up growth in a month’s time and was valued at USD 0.021 in early 2018, a 1000% jump. TRON is ranked #26 on the CoinMarketCap website and is currently pegging at the value of USD 0.0627.
Is It Profitable to Invest in Tron (TRX)?
TRON comes with various benefits which makes it lucrative for investors.
- Zero transaction fee is one of the attractive benefits offered by TRON.
- TRX provides faster transaction speed, especially as compared to Bitcoin and Ethereum.
- The growth momentum is quite fast as compared to other cryptocurrencies. TRON exceeded $108 million in just 30 days of its launch.
- Investors can simply earn with staking or holding coins. The more coins are at stake, the more the investors can earn through staking.
- The TRX coins can be stored in any kind of web wallet. Be these wallets are desktop or mobile or even hardware wallets.
- Tron was launched with the intent to create a decentralized protocol to build free web entertainment systems; it has also been used for gambling applications. In addition to all this, the ambit of application of TRON has expanded further. They have partnered with companies to give rewards to gamers. The network is also being used to give rewards to artists.
Along with benefits, is the bullish nature of its price. The price has seen overall growth since its launch. And the future predictions for TRX are good. This makes it even more lucrative and profitable to invest in TRON cryptocurrency.
Tron Price Prediction 2022 and Beyond
Holding a lot of future potentials, TRON is being considered as a good investment for the next year. Trading beasts have predicted TRON prices to go up by 8 cents by the end of 2022 and further by 2023. According to Tron coin price prediction, it has both short- & long-term growth potential.
Another platform called DigitalCoinPrice also predicts the value of TRON to grow by 10-11 cents by 2022.
CoinPriceForecast predicts the bull movement of TRON to continue in 2022-23. Also predicting the TRON price to increase by 21% by the end of the year 2022 and will increase approximately 13 cents by 2023.
Top 3 Exchanges to Invest in Tron: List
There are many umpteen exchanges where TRX can be traded. Especially with the bullish movement of TRX and making into tiopTRON is being listed and trading made available at many trading platforms. Still, the top 3 exchanges for investment are:
TRON currency is the new buzz in the crypto space. It carries unique features and some technical capabilities which enable the network to handle a higher number of transactions in lesser time. The journey of TRON has been upward since the time of launch and holds a positive outlook in the future.
Still, the risks remain and hence investors are advised to do their research from various sources before making the decision.