Spread the love

With TRON planning on releasing its own Test Net and having its price dizzily dropping while experiencing massive losses, this currency is in the center of attention for quite some time now. We are following up on what is TRON up to these days as well try to predict how this currency will perform in the days to come as the launching of Test Net is approaching, slowly, but steadily.

A Reminder about TRON

Starting with the main idea behind this currency, TRON exists with the purpose of helping the development and easy functioning of the entertainment industry. This term is pretty wide as TRON supports any type of media, including content, games, applications, videos, and even social media.

Although TRON was launched only a couple of months ago in September 2017, this currency has flourished during this short period of time, trading at the amazing price of 0.30$ per short after it was listed as ICO.

The most interesting part about TRON currency is that TRX aims at helping different people dealing with the entertainment industry to establish ownership over their intellectual property. Whether you are making music, uploading videos or dealing with online content, TRX is planning on establishing a blockchain-based network that would allow all TRON users to list their creations and acquire ownership over their intellectual property without having to submit to the policy and rules of any third parties like YouTube for example.

When you are uploading your videos to YouTube, the fact is that you need to oblige to the rules of the website and its policy in case you want to use their services. With TRX platform, all creators that are dealing with the entertainment industry would be able to easily establish their ownership. The only condition to gaining access to this feature is to own a TRX wallet with TRON units in it.

This being said, TRON is actually trying to remove the presence of any third parties, i.e. middleman, that appear in the entertainment industry. Those would be service providers like YouTube or Instagram. Thanks to the blockchain technology and the nature of decentralization, you can now rely on TRON for proving your ownership while being able to directly collect profit from your work without any hidden fees or third parties taking their share.

Test Net and TRON

TRON, a currency with the greatest number of partnerships acquired over a short period of time, is planning on launching its own Test Net.

So far, TRX was hosted on Ethereum’s platform, existing within Ethereum ecosystem and working on top of its blockchain network, but as of the end of the month, TRX will have its own blockchain platform.

The launching of their Test Net was announced to be launched on March 31st and from that point on, TRX will exist and work on its own platform. The fact that this currency is getting its own network says a lot about TRX’s progress as this novelty would leave lots of space for further progress. It is also needless to say that the launching of the Test Net will surely draw more investors into the story behind this currency.

One would think that the fact that TRX is getting its own platform while moving on from being an Ethereum-based token would affect TRON’s price positively, but it seems that the excitement about the Test Net being released has settled down.

TRON: Price

Tron appeared as a massive success when it appeared in September 2017 while dealing at the price of nearly 0.30$ per one unit, rocking the crypto market. However, since those days there have been many changes so TRON managed to lose nearly 80% of its market capitalization.

TRX has managed to drop for 80% from dealing at 0.30$ to trading at only 0.05$ per one unit.

After the latest drop of -8.20% in the period of only 24 hours, TRON is now worth 0.04276$ per one unit. If you think that a bad case of series of drops in price can wipe out a coin, you are mistaken, because although TRX has dropped severely, this currency still has a chance thanks to its technological capabilities and the upcoming Test Net where TRX will exist on its own operating platform.

If you take into consideration that unlike Bitcoin or majority of coins and tokens, TRON is still pretty young, this currency has had an amazing breakthrough into the crypto market.

TRON is still listed as the 14th best coin on the global coin ranking list, and chances are that it could climb up the ladder of success further with the upcoming date of Test Net launching.

On the bright side of the story of having TRON losing 80% of its market cap, TRX is the number one currency in the number of partnerships, which this currency managed to acquire within a very short period of time. The bottom line is not to lose your faith in a coin of your choice just because it’s going through a rough patch with the market breakdown.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Sam valadi via Flickr

Spread the love


  • Napa
    Posted March 11, 2018 12:31 pm 0Likes

    Tron is not alone in price decline as the whole market has been undergoing FUD cycles growing pains regulatory issues etc…. I’m invested in Tron and have to say I’ve never seen a project take such a coridinated attack in the beginning as Tron…. it’s got a outstanding team! Top notch engineering from companies like Tencent and Alibaba….list goes on a growing list of partners and will be the anchor of a entire ecosystem. Tron is a game changer!

  • Rager
    Posted March 11, 2018 2:51 pm 0Likes

    Trx continues to breath despite getting smashed since January. However whilst 2 months in the crypto world feels like 2 years, a lot could change quickly. Those who have been patient and brave by Hodling on will hopefully reap the rewards. I would like to see and hear more from Justin…

  • JFK
    Posted March 11, 2018 7:17 pm 0Likes

    TRX won’t do ANYTHING but stay down as long as this market maker keeps selling off his 3 billion TRX tokens with every rise – they need a coin burn big time also – wayyyyyy to many tokens out there – all the reported volume is FAKE !!!!


  • Johnny Onenote
    Posted March 11, 2018 10:12 pm 0Likes

    Plenty of fud but as ive watched this coin ive learned two things. Number 1 TRX has real potential upside, not like the remaining upside of bitcoin or litecoin which is 100% at best. Moreover whos got the kind of collateral to throw at even 1 bitcoin only to hope to maybe double?? For the same price, you could buy 240000 trx. It doesnt take a math major to see what could happen next. If this coin hits 10 cents, thats 24K. This could happen literally overnight. This one could go 5 -10 fold. And B the TRON team is proving all the haters wrong. Justin Sun is not only showing up hes showing out. If this one takes off, expect all the haters to be scrambling into this coin on the way up. Haters gonna hate.

  • trononator1000
    Posted March 12, 2018 8:51 am 0Likes

    Tron MM is keeping the price low . i believe this has something to do with tron indirectly however keeping it down ahead of beta may be a good thing as if they stop we should see some action , this MM could be in our favor .. keep watching them as if i am right we will 100% see a run in March , all this turmoil with cryptos … imagin if it was tron impacting the price then all of a sudden we are the only ones in the market rocketing , everyone will b e FOMO … the MM is interesting indeed and i think we need a bigger article on it to understand it better

  • Henry
    Posted March 12, 2018 3:45 pm 0Likes

    I personally have concerns about TRON. The team behind this program (I didn’t want to say technology) is seems to be very lugish and if you understand programming you would see on github that not much development going on. I hope Tron creators will take this more seriuosly in the future but as of now they only focus on marketing and not on the core program where is the value lies.

    • Allan Bernard
      Posted 4 days ago 9:06 am 0Likes

      This would definitely be a concern!

    • Mahi
      Posted 4 days ago 4:35 pm 0Likes

      Then dont buy it. Looks like plenty of github activity, more tron dog announcements, and they MOVED UP the main net launch. So i can either believe some random dude on the ‘net because he “feels” a certain way…or i can look at facts. GTFO of here chump.

  • James
    Posted 4 days ago 8:11 pm 0Likes

    With the lack of “real” news coming out of Tron, it’s bad market performance, and allegedly Justin Sun selling a huge load of TRX coin just days ago – ALL THIS. Smells like SCAM to me – and I unfortunately have been suckered in holding a good investment in TRX. With everyday next passing and the TRX value dropping, my common sense tells me to offload and cut my losses! Give me real news, real developments out of Tron and maybe I’ll gave a change of heart – but this is a Pump & Dump SCAM coin like Verge and PAC.
    Justin Sum remains silent. His “team” I doubt are but actors in this fraud. Crypto’s need regulation. This SCAM is the poster child of what’s bad with crypto coins. Tron TRX is garbage. The falling coin value should remind you everyday! Peace.

  • MJ
    Posted 3 days ago 4:08 pm 0Likes

    TRX is like all the other Alt coins. They are in a slump because the grandfather Bitcoin is in a slump. There’s only so much market cap to be divided. Until the market cap rises again you can only expect sub par pricing on all coins and tokens. Justin Sun has nothing to do with this, however, he has not lived up to his statement of burning coins in the first quarter of 2018 and that time is soon to expire.

Leave a comment

My Newsletter

Sign Up For Updates & Newsletters