What is TRON (TRX)?
TRON is a blockchain-based, decentralized protocol project with an internal TRX coin that aims to be a content distribution platform for the digital entertainment industry.
The first mentions of the TRON appeared in August 2017 when Chinese entrepreneur Justin Sun decided to create a decentralized platform on which users could upload their own entertainment content, while others could use these products for free or for payment. It was based on the idea of direct contact between the creators of games, social networks, messengers and other apps by escaping intermediaries such as Google, Facebook, Apple, Microsoft, etc.
TRON was originally created on the Ethereum blockchain, however, after the completion of the ICO in late spring 2018, the project moved to its own blockchain. TRON is a cryptocurrency that held one of the most profitable ICOs in 2017–2018.
TRON Coin Statistics
Current Price $0.021772
ROI since launch 961.40%
Market Cap $1,451,791,407
Market Rank #15
Circulating Supply 66,682,072,191 TRX
Total Supply 99,281,283,754 TRX
Source: CoinMarketCap, Data was taken on 18 February 2020.
TRON achievements and future plans
In 2019 TRON:
• Acquired BitTorrent, then launched the BitTorrent Token.
• TRX and Sun jointly donated over $9 million towards charity.
• Acquired the blockchain app store CoinPlay
• Announced release of the main net upgrade, Odyssey-v3.5.
• Hits a new milestone: 500 Million Smart Contract Triggers.
• The total number of Dapps on the Tron network reached 645 after adding six new Dapps.
• Crossed the mark of 3 million accounts on the network.
• The project has been granted the Jinse Finance award for being the most innovative blockchain in 2019 at the “Keeping Pace with the Time” award ceremony.
What to expect in 2020?
Regarding TRON’s old website the project has six phases of development. So in 2020 and the first half of 2021, there will be the following ones:
• Odyssey (January 2019 — June 2020)
The main goal is to encourage content creation through economic incentives and empowerment. Content creators and developers will get a fair return on what they create and distribute as well as support and exposure from the TRX ecosystem. This will help to develop and strengthen TRON’S ecosystem.
• The Great Voyage (July 2020 — July 2021)
This phase will focus on personal ICO capabilities. It will address issues related to managing supporters, paying dividends and measuring income.
TRON Technical Analysis
Source: TradingView, the screenshot was taken on 18 February 2020
TRON Price Prediction in 2020
TradingBeasts TRX price prediction
The TRON price is forecasted to reach $0.0265262 by the beginning of March 2020. The expected maximum price is $0.0328709, a minimum price of $0.0223522. The TRON price prediction for the end of 2020 is $0.0255627 (+17.41%).
Wallet investor TRX price prediction
TRON average price will be equal to $0.0212 at the end of the year 2020 (-2.63%).
Crypto-Rating TRX price forecast
Crypto-Rating deep learning algorithm predicts the TRX price will be at $0.035787 in 6 months. Analysis of the cryptocurrency market shows that TRON price may reach $0.043315 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that TRX will stay around $0.039063 in 2020 (+79.42%).
DigitalCoinPrice TRX price prediction
TRON’s price will be equal to $0.01160224 in December 2020 (-46.71%).
Buy TRON at StealthEX
TRON (TRX) is available for exchange on StealthEX with a low fee. Follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to TRON (TRX).
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.