Tron (TRX) is one of the best-performing cryptocurrency in the market today. The main aim of the digital asset is to take over the entertainment industry. However, Tron has created lots of other projects too to benefit its community and its network.
The digital asset has lots of potentials to grow in the future, but what will be its price forecast before the end of this year and similarly when the next year comes to an end? Let’s find out.
Tron (TRX) Current Price Analysis
At the time of writing, the price of TRX is $0.0219 with a market capitalization of $1,445,768,798. On its mid-term outlook, TRX is ranging, and it is at the supply zone of $0.02800, $0.02900, and $0.03000. It is important to know that that the bull trend that occurred on 27th Sept at $0.02084 was only able to move the price of TRX to $0.02312 before the bearish trend returned.
The bearish trend pushed the price of TRX slightly back to $0.0210 before a slight increase by 0.1% took place in the last 24 hours as a further downward trend was declined.
TRX is consolidating, and it is trading between $0.02349 and $0.02049. However, a breakout may occur at the higher supply trading zone at $0.02349.
TRX Price forecast for 2018
As mentioned in the beginning, TRX is one of the growing coins in the market today, and it has the ability to surge even further. Despite the price of TRX is below $1, lots of crypto-experts have forecasted that the Tron (TRX) value will rise to $3.50 before 2018 closes. The predictions further say that the price of TRX might go above $10 by next year.
Tron (TRX) Progress So far
At the end of last month, Sun updated the Tron community on the happenings of Tron’s network. The CEO stated that Tron had surpassed the 400,000 network account – exceeding that of Ethereum’s and EOS. Tron’s statement also pointed out the number of daily transactions that occur on Tron’s protocol is now more than 440K.
Sun further talked on the Super Representatives (SR) scheme by Tron’s network and that these SRs are ensuring smooth control in the company. He also stated that these SRs are guaranteeing the validation of Tron’s network.
On the other hand, Tron’s BitTorrent acquisition is now regarded as one of the ‘biggest’ feats the company has achieved this year. Sun hasn’t failed to talk on the developments BitTorrent has made so far. He even declared that the uTorrent has now been set to the Chinese language for a broader reach.
Concerning Tron’s partnerships, Sun stated that Tron has partnered with the Blockchain Charity Foundation. It is important also to know that Tron is a charity donor to the UNDP (United Nations Development Program).
Additionally, Tron has created a platform for Dapps developers: Project Atlas. Hence, Dapps developers will have the ability to develop and install their Dapps on Tron’s network. Tron also launched a project known as SeedGerminator, which is an accelerator for Dapps.
At the moment more Dapps developers are opting for Tron’s network. Tron is also a favorite as it is being adopted by lots of entertainment companies such as Twitter. As more Dapps developers and companies go for Tron, it is certain that TRX will respond well to the price predictions being made for it.
But yeah, Tron can’t surge alone, it will need the whole market to ride the bulls as we see off this year to be able to reach the predicted price. Again, that’s more likely to happen too, but as we all know is the case with crypto markets, we can’t be damn sure about any gains here.
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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.
Photo by Lachlan Gowen on Unsplash
A matter of time before TRON (TRX) achieves mass adoption
Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.
The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.
The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).
It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.
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