Tron’s motto is “decentralize the web.” That’s exactly the project’s aim. Tron wants the world wide web to turn into a decentralized network, running on the Tron blockchain. It puts some emphasis on entertainment and multimedia content, but the network is fully capable of deploying decentralized applications and smart contracts as well. As a matter of fact, it’s very successful at that. It already boasts the world’s most extensive user base for decentralized applications.
Tron’s network is highly scalable, high-speed, and cost-effective to use –in stark contrast with Ethereum which faces serious challenges on both fronts.
Tron’s bread-and-butter will be on streaming, storing, publishing and monetizing content on the web. It’s already making progress in that regard as the BitTorrent network is already owned by the Tron Foundation. It will be merged into Tron’s blockchain soon.
Price behavior
Tron’s native token is called Tronix (TRX). On May 4th, 2019, at 13:34:01 UTC it was traded at USD 0.024003. Its market capitalization was at USD 1.59 billion with a USD 0.74 billion daily trading volume. ROI it’s at a vast 1064.74%. The coin holds the eleventh spot in market capitalization, according to CoinMarketCap.com.
In the last 24 hours, TRX’s highest point has been moving between USD 0.024651 and USD 0.025328. So the coin’s price has gained a bit if you compare it with last month. The protracted winter of 2018 did hit Tron’s price, as it did every asset in the market. But Tron’s fundamentals are strong, and it’s recovering some of the value it achieved in 2017.
Tron in 2019
Tron has achieved an astonishing level of popularity in a very short period. It became an independent blockchain from Ethereum almost a year ago, and it’s proven its worth ever since. That independence is one of the reasons that’s made it so popular because the new Main Net is fast, easy to use, full of exciting apps, scalable and cost-effective. None of that would have been possible while it ran on Ethereum.
The Tron Foundation has also secured several critical strategic partnerships with some of the entertainment’s world most prominent names.
While Tron is future-oriented, its technology and fundamentals are robust in the present. The market has noticed that which is why it’s become one of the most profitable coins in the cryptosphere. It has quality and potential. So it could go very far.
During the current year, Tron will go through significant upgrades in privacy and security. As the enhancements come online, the network’s performance and the new use cases it will spawn will help the price to keep growing.
Some experts are calling Tron the future in entertainment. Their confidence in Tron’s prospects leads them to believe that now is the time to invest in it. The token is cheap, it can only go up, and once its aims crystalize, it’s going to be through the roof and beyond. And that’s not too far away, it could happen in a matter of months. It could go as high as USD 0.3 within 12 months.
Justin Sun, Tron’s founder and CEO, has become confident enough in his project that he went forward and called it the “Ethereum killer” because Tron’s decentralized applications are ruling the market.
Tronix’s returns as an investment are among the best in the market. Of course, high returns only come about to investors who accept high risks. So this is a venture for the bold.
It’s not a safe bet at all, for sure. But the fundamentals are excellent, and when Tron takes off, it will make many investors rich. Will you be among them?
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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