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Why TRON (TRX) is getting global attention in 2018 ?

406 Viewed Jacob Martin Comments Off on Why TRON (TRX) is getting global attention in 2018 ?

Launched in September 2017, TRON (or TRX) is among the newly introduced cryptocurrencies in the market today. Since the test net launch of this cryptocurrency, this digital currency has expanded to over 30 countries with around 2500 nodes despite the bearish trend in the overall cryptocurrency exchange market. Additionally, the TRON coin has appreciated by over 2000% in its value and has an overall market supply of coins worth around $65 billion. This cryptocurrency is currently ranked #14 on the Coin Market Cap and offers plenty of investment potential to cryptocurrency investors around the world.

Why TRON is attracting investors in 2018?

The TRON cryptocurrency price has consistently increased in its value in 2018 with the current price at $0.0476 and a 5-year growth forecast of around 1038.85%. According to industry analysts, the price increase of the TRX coin price is due to the increased usage of the TRON platform among software developers. By definition, the TRON platform is a blockchain technology-based platform that can decentralise the sharing of content on the Internet. If successful, this would ensure that web users including musicians, creative video makers, and artists can release and own their published material without using an intermediary platform such as Google, YouTube, or Facebook.

The company’s founder, Justin Sun is a protégé of Jack Ma, the founder of the Chinese e-commerce giant, Alibaba. Investors and developers are excited about Sun’s vision to change the Internet by challenging established content providers like Facebook and YouTube. With over 350,000 followers on his Twitter account, the 27-year old Justin Sun has been listed in the Forbes list of 30 under 30 for three consecutive years from 2015 to 2017.

Despite its comparatively low price, TRON has a healthy market cap of around $6 billion and has over 65 billion coins in circulation. By comparison, the well-established Ripple cryptocurrency has a distribution of 38 billion coins. Listed 9th on the list of cryptocurrencies in CoinMarketCap, the price of this digital coin is expected to increase with the increased adoption of the TRON digital platform by developers. According to industry experts, this fast-growing cryptocurrency is likely to trade at $1 (or more) per token in the next 3-5 years.

Apart from its recent main net launch on May 31st, 2018 that generated plenty of industry buzz, TRON is also partnering with many companies in the content entertainment space, including China-based video provider, Baofeng (dubbed as “China’s Netflix), Bitmain, oBike, and Game.com. Ahead of the 2018 FIFA Soccer world cup, TRON is partnering with vSport, a blockchain platform designed for soccer and other sports. A possible partnership with Alibaba in the pipeline can go a long way in boosting this cryptocurrency.

Conclusion:

Thanks to all these favorable factors, TRON has garnered a lot of investor’s attention in the year 2018, which has, in turn, boosted its market value and price. Even if the TRX coin price does not achieve the $1 mark in the near future (as predicted by industry experts), investors can hope to make good short-term returns on this cryptocurrency.

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