TRON (TRX) has been one of the cryptos that the entire Internet has been talking about for months now. Still, it remains extremely undervalued, even with all of the success that it has experienced recently, especially in June of this year. This might change soon, and now might actually be the best time to buy TRX. Here is why.
Before we get into why buying TRX is the best thing to do now, let’s first quickly reflect on the coin itself.
TRON is a cryptocurrency belonging to TRON ecosystem, with a strong focus on decentralization of the internet. Its goal is to create a free system that would concentrate on online entertainment, and it plans to do so through the use of blockchain technology. Basically, through the use of TRON, users would be free to store, publish, as well as own data without difficulties.
So, TRON applies blockchain technology to improve the current content creation environment that is available through the internet system, which is currently centralized. However, instead of the content going through various centralized information distributors, it would be decentralized, and thus free for creators to organize it and use it as they see fit.
TRON’s concept is pretty similar to that of Ethereum, and it provides its users to create dApps and smart contracts on top of it. TRX’s role in this would be to serve as a gas-type asset, which would emphasize on the functionality of these applications.
With that in mind, let’s see why TRON has a bright future ahead of it, and more importantly – a soon-to-come increase in price.
Why TRON’s price might soon go high
Currently, TRON is extremely undervalued, with its price being at $0.036550 as per CoinMarketCap. Its price went down at the beginning of the year, just like that of pretty much every other crypto. However, there are three reasons why TRON is bound to reach greatness once again, which is not something that every digital coin may expect.
The first one includes the team behind it, and more importantly, the man behind it all – Justin Sun. Sun has proven to be one of the most capable people in the crypto world and has even been profiled in Asia’s 30 Under 30. As part of his studies, he learned under Jack Ma, the chairman of Alibaba, and has even been suggested as one of the handful of future billionaires by Forbes.
His influence is extremely large, and he even has over 446,000 Twitter followers which are following his every update on a daily basis.
This leads us to the second reason why TRON is a safe investment, which is its community. TRON is one of the most popular coins today. It is held by over 426,000 people, which made this coin reach over 60 countries around the world.
Its community is enormous, and not that many cryptos can claim to have as much support as TRX has. With a community like that, TRON is definitely getting the much-needed attention that allows cryptocurrency to not only survive the difficult times but to also prosper as soon as the conditions are right.
Finally, there is the third reason why TRON can be trusted, and that is its operational development. TRON is one of the most updated coins around today. The team behind it consists of over 80 individuals, and it continues to grow.
The list of companies that have entered some sort of partnership with this cryptocurrency continues to grow on a daily basis. Not to mention that TRX has finally launched its MainNet, and has even started the process of token migration. Through this process, TRX coins are finally leaving Ethereum’s network, and are going to their native blockchain.
Finally, TRON has recently purchased BitTorrent, which was not done on a whim, but instead, the coin plans to implement BitTorrent’s technology and improve its own.
TRON has also been listed by numerous exchanges even before the launch of its MainNet. However, the real increase came before the token migration, with many new exchanges offering their support and entering a partnership with this crypto.
Obviously, TRON has done a lot recently. Because of all this progress, it is very unlikely that its price won’t soon start to change for the better. Similarly to what has happened to early Bitcoin and Ethereum holders, those who purchase TRX while it is still cheap might make quite a profit once this crypto finally gets to the price that it deserves. Of course, the crypto market is anything but reliable, and large changes for better or for worse are a part of its daily routine. However, all this information indicates that TRON has a very bright future ahead of it, and such an opportunity should definitely not be missed.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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What Changes May the Crypto Space Experience in 2019
After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.
However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
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