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

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

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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