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Tron (TRX) Price

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What is TRON?

Tronix (TRX) is a cryptocurrency associated with the TRON blockchain – one of the fastest and largest blockchain systems founded by Justin Sun in 2017. The concept behind TRON is to provide a decentralized data distribution platform for digital entertainment. Tron is seen as a fast, secure and censorship-free alternative to current digital content platforms such as Youtube or iTunes, which are thought to have too much control over the content creators and developers who work for it.

The Tronix token (TRX) is used to power the network and serves as an encouragement tool for content creators. A concept behind it is to provide the participants with a reasonable and fair distribution of income, which is generated by the content of the platform itself. Notably, TRX is capable of handling 2000 transactions per second (compare it to Bitcoin’s 7 or Ethereum’s 15). The specificity of the concept behind TRON makes it a direct competitor of Ethereum, EOS, and NEO. 

TRON price prediction 

Despite having entered the crypto market quite recently, TRX has attracted a lot of attention and quickly entered the Top-10 cryptocurrencies list. Currently, having a total market capitalization of $975 million, it is ranked 11th most popular digital asset. Having hit an all-time high price of $0.22 in (unsurprisingly) December 2017, two years later a Tronix token is worth $0.0146. 

Notably, price predictions for TRON are among the most positive on the market. Even though it is always hard to predict the price of a given cryptocurrency, the rate of TRX adoption is generally proportional to an increase in its price. Some of the most prominent Asian businessmen – Tang Binseng of Clash of Kings, Dai Wei of OFO and Yin Mingshan of Lifan – keep investing in TRON, being confident about its growth potential.

While it is relatively safe to predict that TRX doubles in size ($0.03)  in 2020, a more optimistic forecast from Wall Street expects its price to reach up to $40 by the end of 2020. Read More…

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