What Price Will TRON Be In A Year? - Global Coin Report
Connect with us

Altcoins

What Price Will TRON Be In A Year?

Published

on

what price will Tron be in a year
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency price predictions during a bear crypto-market are pretty hard to make. ‘Bullish factors’ such as technical developments in a blockchain project, are erased in an instant when Bitcoin (BTC) drops like a rock in the markets. Evidence can be seen when BTC was valued at $20,000 back on the 17th of December that year. The King of Crypto would then gradually decline to current levels of $6,500 and in the process, taking down the entire crypto market with it. Tron (TRX) was not left behind in the decline either. This has us asking, what price will Tron be in a year?

The Jinx Of Tron Events in 2017

The project led by Justin Sun has pumped good news after good news in terms of project developments ever since the Testnet was launched on the 31st of March. However, all this good news have not helped the TRX coin from regaining past glory at levels of around $0.30 witnessed back in January. As a matter of fact, whenever there was an event on the Tron calendar, the digital asset kept falling further in value.

What price will Tron be in a year?

This then brings us to the first reason why Tron (TRX) has nothing but a good future ahead. The fact that there are no more major launch events on the Tron calendar, means that the coin can gain in value in a natural manner and based on its network superiority. This is similar to how ETH grew from levels of $10 to $1,400 in less than a year without any major announcement about a change in its network code, or marketing from the Ethereum team.

Doing the math, this was a percentage increment of 13,900% by ETH in that 12 month period. Using a similar scenario of the Tron network being adopted in a manner similar to that of Ethereum last year, we find TRX being valued at $2.78 twelve months from now – and using its current value of $0.020 in the crypto markets.

GoSeedIt Factor

Of course, this is pure speculation, but given the fact that the Tron network is bound to encompass the best in DApps, we find a situation where TRX will find its utility in the network. There is also the other factor of the GoSeedIt platform that allows social media users of Twitter and Telegram to tip each other in TRX. As a matter of fact, before GoSeedIt went live at 100% capacity, the amount of Tron accounts on the Mainnet stood at around 62,000. Now, the Tron mainnet has a total of 350,000 at the moment of writing this. This is a 464% increment in a one month period due to GoSeedIt.

BTC and Institutional Investors

Another factor that could lead TRX to be valued at $2.78 in 12 months, is the fact that Bitcoin is scheduled for mainstream adoption as an investment option by institutional investors from Wall Street. Without even mentioning the Bitcoin ETF at the SEC, we find that Coinbase is gearing up towards becoming the NYSE of crypto by going on a hiring spree; launching custody services, and planning its own ETF.

There is also the Bakkt firm that is to be launched this November. Once this firm is up and running, its chief goal is to make Bitcoin and other digital assets, the choice investment instruments for regular individuals and institutions including those that handle retirement funds.

Summing it up, we have thrown a rough estimate of TRX’s worth in one year at $2.78 using Ethereum’s growth last year. There is also the added factors of TRX being tipped via GoSeedIt on Twitter and Telegram to boost demand for the digital asset. We also have the added bullish factor of institutional interest through firms such as Bakkt. We forgot to mention that Bittrex is now offering TRX/USD pairs. Therefore, Q4 of this year should be a time to see TRX slowly take off in the markets.

Check out the latest video from our Editor In Chief on the Crypto Rich show!

For the latest cryptocurrency news, join our Telegram!

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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation
READ LATER - DOWNLOAD THIS POST AS PDF

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Press Release