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What will be the price of Tron (TRX) in five years from now?

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Tron TRX

Tron is one of the top cryptocurrencies in the world (always in the spotlight). The cryptocurrency’s mainnet is now live, and on its independence day, it burned 1 billion worth of TRX to control the inflation. With all these events that have occurred, there is one big question that comes to mind, and that is: what will be the price of Tron in 2019, 20 and beyond. Will Tron attain the $1 price mark by the end of 2018? Could you buy a Lambo with it in future if you HODL Tron? Well, here are some predictions.

Before we jump onto the forecasts, let’s cover some starter stuff though. Tron (TRX) was created by Justin Sun, and he worked with Ripple (XRP) for some time before creating Tron. It is important to know that Tron was created to change the entertainment industry. The platform enhances the sharing of contents without using major sites like Facebook and YouTube. Furthermore, Tron is one of the most profitable cryptocurrencies, and it currently sits as the 10th biggest coin in the crypto sphere at the moment.

The blockchain makes use of a proof-of-stake consensus mechanism, and it can process more than a thousand transaction per seconds. The blockchain also makes use of Lamport Algorithm for wallets.

An overview of Tron’s performance in the market

In the early part of 2018, January precisely, Tron’s TRX was valued at $0.049, and its market capitalization was at $3,221,003,949. Again, the digital coin was worth $0.25 with a market capitalization of about $16,752,047,709. After then, the market became red, and Tron was valued at $0.037.

At the time of writing this article, Tron (TRX) is currently valued at $0.03860 with a market capitalization of about $2.53 billion, according to CoinMarketCap. There will be some changes in the price of Tron in the future. Moving forward, here are Tron TRX price forecasts for next five years or so ahead (considering as things stand at the moment).

Tron 2018 value forecast

There are lots of forecasts about the price of Tron (TRX), and it has been predicted that the price of the cryptocurrency will increase. We need to know that the recent price of TRX is $0.04, although, it’s supposed to have increased to $0.4. Nevertheless, analysts predict that the price of Tron will rise to $1 in the next five years. It is important to note that the amount of Tron’s tokens currently in circulation is 65,748,192,475 TRX – this amount of TRX tokens will keep increasing, and as more developers opt for the cryptocurrency platform, the value of Tron (TRX) will continue to appreciate.

We do know that 2018 hasn’t been a great year for cryptocurrencies and Tron (TRX) inclusive, but this is the time to make long investments. According to WalletInvestor, TRX will reach $0.1 this year (2018). This forecast is a bit debatable since Tron recently migrated from Ethereum blockchain. Although the cryptocurrency is not on the right side at the moment, it is gradually on the path for a bull run.

Ideally, the $0.1 forecast may be actualized as more investors from the Financial Industry patronize the cryptocurrency. At the end of 2019, the cryptocurrency may hit $1.5 per token.

Tron’s future price forecasts

There are no accurate price predictions for Tron in the next 5 to 10 years. Nevertheless, some crypto enthusiasts predict that the price of TRX may reach $1.7 price mark. Another forecast from Facebook says TRX will reach $31. We do know if Tron may not overthrow Bitcoin and possibly Ethereum, but the cryptocurrency will attain reputable values that will be substantial for its investors worldwide.

The prediction of Tron’s price in 2020 is positive. Tron may get more investors in 2020 – Tron has bagged lots of them this year due to the fact it is cost-effective than its counterparts in the crypto market

The level of investors that Tron may attract in 2020 will influence the cryptocurrency and help displace Litecoin from its position in the crypto market.

Major factors behind these predictions

First of all, Tron’s price prediction is based on the implementation of Tron. This simply implies that if more companies continue to adopt Tron, its value will appreciate to a reasonable level. Yes, lots of investors (companies) are beginning to adopt Tron at the moment (Pornhub and TraffickJuncky being the most recent ones), and we hope the level of adoption increases. On top, the founder of Tron, Justin Sun, has been making some very good strides lately, such as acquiring BitTorrent just recently – such expansions will play a decisive role for Tron value in the years ahead.

Secondly, the price predictions are based on its independence from Ethereum blockchain, Tron’s independence will increase its level of popularization – we are already witnessing that at the moment. On top of general investors turning to the platform as it settles down on its native Main Net, developers will also turn to Tron blockchain, Odyssey, for building decentralized apps thus increasing its usage and popularity.

Last but not the least, the total number of TRX tokens in circulation is 65 billion, this number will increase by 2050, and all 100 billion tokens will be distributed. It is important to know that a vast amount of tokens reduces the token’s value.

Of course, the things mentioned above are just a couple of significant factors and as the time evolves things could change rather dramatically too.

Final words

There is no guarantee Tron will reach the $1 price value anytime soon. The cryptocurrency needs more time to develop, and as it matures, its value will increase. Justin Sun needs to keep moving at the pace he has been lately, and not get relaxed as there is still a long way for Tron (TRX) to cover. If he can bring in some major partnerships such as the potential one with Alibaba (remember he is very close to Jack Ma, Alibaba CEO), that might enable the crypto to shoot to the moon similarly to how Bitcoin did after its birth. The right moment to invest in Tron (TRX) is now due to the fact that the future looks bright for the cryptocurrency.

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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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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