27 2月

Tron price predictions 2019(part II)

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You can check the cryptocurrency’s current price in the chart at the end of the article. According to investingpr.com,  within 5 years, it is expected to trade around over $1. This is the reason why it is a good investment option as well.  The main reason why the cryptocurrency is slated to increase by such a significant amount is owing to the increased usage of the platform. As more and more developers start using the platform, it will result in the appreciation of the cryptocurrency as well. This is the reason why the cryptocurrency is slated to increase further. 

The decentralized platform will also ensure that it becomes easier for the developers to publish the content. It is one of the very few blockchains which enables easy publishing of the content without any restrictions. This will again provide enormous versatility when it comes to the applications of this platform. As the applications of this platform increase, the usability will increase further. As the usability increases, the prize of the token will increase further. This is the reason why the potential in the platform is enormous. Source: investingpr.com

Thus, if you’re looking to invest in TRON now might be the perfect option to do so as the cryptocurrency is increasing in value consistently. With such large headroom for return in the future, it is worth a look. Source: investingpr.com

31 countries 2500 nodes

The drama related to the recent launch of Tron’s Test Net is still not done. Within a week of the Test Net launch, it has expanded to 31 countries with 2500 nodes despite a bearish market. TRON’s first technical debut – Test net came along with completed nodes, basic network functions, transactions, and customizable modules. This has given fans, followers and skeptics alike a transparent view of Tron’s solid progress.

Jacob Guinto, a TRON enthusiast tweeted:

“Holy, KILLING IT JUSTIN KILLINGGGGG ITTTT! I have personally setup 3 nodes in Czechia – easy process, immediate projection on the map – this is for real guys  great work from Tron foundation and Justin Sun. I think you can setup a node on the moon now.”

There were also people seeking clarification like Kasei Arakaki who asked,

“This is not a doubt or FUD. Asking a genuine question… do we have evidence these nodes are functioning and authentic? I’d love to see some more tangible information regarding the test net and how it is currently running and performing. Maybe someone could provide links for me?”

Tron plans to shed its ERC20 identity and migrate from the Ethereum platform. Once, this goes live, Tron will no longer be an ERC20 token but will become a true token within its own ecosystem.

When TRON’s code first arrived on the scene, TRON was a vibrant, energetic, upstart of a company; a great reflection of its millennial founder.

Justin Sun, the founder said,

“Today, TRON is retaining its fearless energy but adds a much-needed groundedness with the debut of its technology.”

WHAT IS TRON?

As the cryptocurrency craze continues, with Bitcoin leading the way, a slew of smaller, cheaper projects are emerging that investors are getting excited about. One is Tron, a coin that its Chinese founder hopes will challenge the world’s major content providers, such as Facebook and YouTube.

According to its website, Tron (TRX) is a blockchain-based platform that seeks to decentralize the internet, or rather content-sharing on the internet, ensuring that artists, creatives, musicians, authoring can release their content without having to use a middle company, be it Amazon, YouTube, Apple, or Facebook.

The digital currency was created by 26-year-old Justin Sun, a self-proclaimed protegé of Alibaba chief executive and billionaire Jack Ma. He has amassed 350,000 Twitter followers, promoting the coin to both its loyal followers and investors, as well as to the wider cryptocurrency community. Forbes listed him in its 30 under 30 for Asia in 2015 and he previously worked for another fledgling cryptocurrency, Ripple (XRP).

The former University of Pennsylvania student is one of the most vocal crypto-founders on the platform, from hosting a one-hour livestream about the coin to announcing partnerships to announcements of a new San Francisco office to promoting a vote for the coin to be accepted by new digital exchanges. He has even engaged in a back-and-forth with the famous founder of Litecoin, one of the top four cryptocurrencies, Charlie Lee, on Twitter.

THE TRON FOUNDATION

The currency to be used on the platform is known as “Tronix.” According to Sun, the cryptocurrency is already set to have a user base of at least 10 million, with Sun announcing that the Tron network will be implemented for his own Chinese social networking app Peiwo.

The coin has so far struck partnerships with a series of major companies. Including Chinese video hardware and software provider Baofeng (which Sun dubbed the “netflix of China”). oBike, the largest bike-sharing company in Singapore, which will release “oCoins” on the Tron platform, with riders accumulating coins the more they ride. It also boasts investors such as Wei Dai, the founder of bike sharing company ofo, and a team of developers from Alibaba and Microsoft.

Sun has floated that it has a partnership in the works with a space exploration company. And rumors abound online about a partnership with Alibaba, although these remain unfounded.

Major market

It is mostly bought with Bitcoin or Ethereum, the number one and two cryptocurrencies. On the Tokyo-based exchange Binance, and at the time of writing had a market cap of almost $6 billion, despite its low price. The coin began life in September, trading at just a tenth of a penny.

That country is a major market for digital coins, and the country has signaled that it will not ban cryptocurrencies,.But more stringently regulate them to stop market manipulation and fraud.

Cryptocurrency critics and advocates of Tron are divided on the potential of the project. Hype, potential, fears and doubt all shape the market price of a cryptocurrency. As does the market supply, and Tron is no different.

Detractors of Tron say that the coin has a circulation of 65 billion coins. Too much for it to have any significant monetary value. By contrast, Ripple has a circulation of 38 billion. They also say that Tron is just an idea that is yet to be implemented, so no one can truly tell if it will be a success.

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