Much variation has been seen in the crypto market, accounting for the rise of several new crypto coins (altcoins) which are predicted to overthrow Bitcoin in the near future. Tron (TRX) is among those coins, which has gone through tremendous growth in the past few months.
Tron’s Boosted growth
Lately, it’s been showing terrific growth up to 500%. Tron is going to make international transactions as efficient as possible, and price observed on 17 November two months ago was nearly 0.0020. And after this, Tron value increased with 93.5% per month, also, by the last two days of November, the growth rate was reaching 93.5 per day and this was kind of maintained till the end of December.
Tuesday marked the first trading day of the New Year for American crypto coin investors. Yet only three of the top 20 coins started off in a bit of shallow waters. Coins not much popular like those issued by startups like Tron and China’s NEO are up over 30% as of late Tuesday morning. Tron is currently worth eight cents, easily surpassing the predictions of it hitting just 2 cents.
Added to this, Tron shoot up by 40% in the last 24 hours, making it the 14th most valuable cryptocurrency. It has a market cap of US$4.8 billion, up over 100% in the last week. The coin is currently trading at US$0.086, higher from $0.032 around the season, and it has successfully managed to evade the big dip that the likes of Bitcoin and Ethereum faced towards the end of the month.
So, this makes it all the more tempting to invest in the cryptocurrency. But the point remains as to why the price of the coin is shooting and what makes it a tempting platter to the customer? We will answer just that in the next few passages, so buckle up!
Too good a Temptation
A couple of factors are the major reason for the Soars in the value of Tron and consequently make it worth investing in.
Highly Qualified Team
With the glorious aim to develop a worldwide free content entertainment system, the platform aims give fundamental ownership of data to the users. Hoping to achieve this with blockchain and distributed storage technology.
Tron is the amazing creation of Justin Sun, a 26-year-old Chinese entrepreneur who has made it to the Forbes 30 under 30 list twice. The legend was the former chief representative of Ripple in Greater China and CEO of Peiwo. In 2015, he also became the only millennial attendee of Hupan University founded by Chairman of Alibaba, Jack Ma, so he is well known as a protégé of Jack Ma.
In other words, Tron has a highly qualified team of Alibaba behind it, which accounts for the surges in December when Justin announced the joining of another member form Alibaba.
— Justin Sun (@justinsuntron) December 26, 2017
Work outcomes improve tremendously if you have stupendous partners to work with, and Tron has just got itself the right partners. Increased by 3000% in the last month, what’s more impressive is the jumps of the last few days that have perhaps been the most significant, and the reason behind it are some solid partnerships announced by the founder of Tron, Justin Sun.
Sun tweeted overnight that some NASDAQ listed giants are some of these partners.
The crypto org needs some solid partnerships to develop a strong footing in the market which would eventually benefit it. This evidently makes potentially big partnerships with NASDAQ listed companies effect the price so rigorously.
Late last month, Tron announced it had signed a new deal with Singapore bike-sharing company oBike, whichis well spread across Asia, Europe, and Australia.
Another partnership kind of seems evident from Justin’s tweet, in which he shared a picture with Lenovo’s founder.
— Justin Sun (@justinsuntron) December 15, 2017
And recently, a partnership with Game.on was announced in another of his tweets, like seriously Tron is on fire!!
We are pleased to announce our partnership with https://t.co/SCU7seVS4G, a leading online gaming platform and launch first #TRON dogs games https://t.co/QRt7WVYrZl, where users can use #TRX to purchase various pets and enjoy the companion of virtual pets. https://t.co/XHHOC4zZwy pic.twitter.com/Zp5H70asqT
— Justin Sun (@justinsuntron) January 3, 2018
Crypto Game Launch
The partnership with Game.com has allowed Tron to be used in the game to buy Tron Trx dogs in the dog games. Hence making things easier for all the arcade lovers out there, for soon Trx might be used as the game tokens to play your favorite games at the arcade!
The game association is a huge surplus since there are several customers Tron is likely to find in both China and Japan, consequently giving its value a further boost. And let’s not forget how the currency has been of use in the casinos!
Another very inviting reason for investing the crypto-coin, for its value is bound to surge seeing the current flow of events.
What the future holds
The future of TRON seems sprightly and for the coin has good potential for huge benefit for long-term investments, and this is evident from the fact that Tron, backing to almost a couple of weeks, was ranking somewhere at 56th rank is now ranking at 14th rank!
This coin is going to give much back to the investors. So here are some TRX Price Predictions for this year (accumulated after speculation of the crypto-coin value over the past couple of months).
Starting from January 4, 2018, with the Price of 7 cents, the coin is likely to hit $1.58 or more by mid-2018. And probably ending the year with $4 mark on its name or maybe more considering the way Justin Sun is working to improve the standing if the coin in the coin market.
To invest or not to Invest
With everything Tron has to offer, it makes it a good invest in the coin market. Specifically designed for the entertainment industry, it definitely would continue to receive a boost, making it very popular among the masses and also a very hot favoutite in the crypto markets.
Gamblers and gamers alike, are to benefit with the strategies Tron is deploying. Considering these both parties make up the majority of consumption unit, no one can deny that the competiton is becoming tougher by the moment. Gamers and those interested in global digital entertainment are some of the most likely consumers to purchase and use a digital currecny.
Unlike some other altcoins, TRON can be used across platforms and activities. This reduces a lot of hassle and time going through the exchanges. Especially in a poker game, where users can use the winnings too buy tickets to live concert without fretting over exchanges.
Hence you should really think about investing in Tron, for it would give good returns. You can use Binance to buy Tron and other coins as it is considered one of the safest exchange platforms. But before making any rash decision, it is good to do your own background research and keep in mind the volatility of cryptocurrency!