• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Opinion / Market Analysis / The Tronix (TRX) price: Can it go back to its former grandeur?
Tron

The Tronix (TRX) price: Can it go back to its former grandeur?

May 7, 2019 by Ali Qamar

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.

Filed Under: Market Analysis Tagged With: Crypto Predictions 2019, TRON (TRX), TRX

Primary Sidebar

Recent Posts

  • Ethereum Powers Premier League’s Teamup with Sorare For Digital Player Cards In Fantasy Sports February 1, 2023
  • Bitcoin Boom: $117M Influx Brings Investors Back To Digital Asset Market January 31, 2023
  • Bitcoin Best Month: 43% YTD Price Increase Amid Short Squeezes January 31, 2023
  • Binance And Mastercard Join Forces To Launch Crypto Card In Brazil January 31, 2023
  • XRP: Web3 Domain Provider Unstoppable Domain Adds Support For XRP Toolkit January 31, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.