Tron Crypto: A Smart Investment Choice?

Tron (TRX) is a rapidly rising cryptocurrency that aims to provide a decentralised solution to the industry. The Tron network was initially announced and released in September 2017 by Justin Sun, a well-known technology entrepreneur. Tron has gained attention from crypto experts and secured a high market cap.

Tron is a decentralised peer-to-peer system that aims to decentralise the web. It is a social media platform where users can create and share content with anyone. Tron monetises user information and is entirely uncontrolled and unregulated. It has three layers of architecture: the application layer, the core layer, and the storage layer.

Tron has a large circulating supply, which is why each token is so cheap. Tron is considered a good investment by many experts, especially since the token has gained a lot of value recently. With a well-thought-out roadmap and vision, Tron's price is set to make a radical difference to the entire crypto industry.

What is TRX?

TRX is the native cryptocurrency of the TRON blockchain, which was founded in September 2017 by Justin Sun. TRX is also known as Tronix and is the main currency used on the Tron network. It is used to power transactions and applications on the blockchain and can be used to purchase any TRC-based token issued on the blockchain.

The TRON blockchain was developed to provide a decentralised solution in the industry, with a focus on content delivery. It is one of the biggest platforms that run on blockchain technology and is currently ranked 11th in the cryptocurrency market. TRON uses a three-layer architecture: a storage layer, a core layer, and an application layer. This allows the network to operate at full capacity and prevents network congestion.

The TRON blockchain launched in June 2018 and in July of that year, it integrated with the peer-to-peer file-sharing network BitTorrent. In February 2019, BitTorrent launched its own native cryptocurrency, BTT, on the TRON blockchain, using its TRC-10 standard.

TRX is a governance coin and the platform runs on the TRON Virtual Machine (TVM), which is responsible for executing smart contracts. A delegated-proof-of-stake consensus, or DPoS, is used to allow for enhanced security throughout the TRON network. The on-chain governance feature of the Tron network means that users who hold TRX in their wallets play a large role in shaping the future of the blockchain platform.

The TRON network involves a total of 27 nodes that are considered super representatives. These nodes form a critical part of the network and allow for a consensus to be achieved. Representatives are not static or fixed, however, as they rotate every six hours. Each super representative is awarded 32 TRX tokens for creating a new block on the Tron network.

TRX has been performing well compared to some other blockchain ecosystems founded in the last few years. In the last 12-month period, the value of TRX has increased by 299.2%. Many experts believe that Tron has the potential to continue growing in the near future and could be a good investment, especially as dApps are becoming more popular.

TRX price predictions

2024

According to CoinPedia, TRX's price could reach a maximum of $0.25 by the end of 2024. However, if the TRON ecosystem faces regulatory pressure and fails to gain momentum, the price might drop to $0.080. This would put the average price for 2024 at $0.165. CoinPedia also predicts that TRX could reach $0.1760 if positive influence pushes the price towards its high.

CoinCodex predicts that TRX will drop by -14.29% and reach $0.129651 by 25 October 2024. CoinCodex's TRON price prediction for 2024 is between $0.118826 and $0.251383.

Binance forecasts that TRX will be worth $0.152234 by 26 September 2024, a 5% increase.

Changelly predicts that TRX will be worth $0.133635 by 22 September 2024, a -12.15% decrease.

CryptoNewsZ predicts that TRX could be worth around $0.15 in 2024.

PricePrediction.net predicts that TRX will be worth $0.12 in 2024.

WalletInvestor predicts that TRX will fall over the course of the year, reaching $0.0312 by November 2023.

2025

CoinPedia predicts that TRX will be worth between $0.076 and $0.330 in 2025, with an average price of $0.206.

CoinCodex predicts that TRX will be worth between $0.118826 and $0.665146 in 2025.

CryptoNewsZ predicts that TRX could be worth around $0.17 in 2025.

PricePrediction.net predicts that TRX will be worth $0.18 in 2025.

2026

CoinPedia predicts that TRX will be worth between $0.093 and $0.44 in 2026, with an average price of $0.266.

PricePrediction.net predicts that TRX will be worth $0.26 in 2026.

2027

CoinPedia predicts that TRX will be worth between $0.114 and $0.59 in 2027, with an average price of $0.357.

PricePrediction.net predicts that TRX will be worth $0.38 in 2027.

2028

CoinPedia predicts that TRX will be worth between $0.234 and $0.73 in 2028, with an average price of $0.487.

PricePrediction.net predicts that TRX will be worth $0.54 in 2028.

2029

CoinPedia predicts that TRX will be worth between $0.297 and $0.89 in 2029, with an average price of $0.593.

PricePrediction.net predicts that TRX will be worth $0.61 in 2029.

2030

CoinPedia predicts that TRX will be worth between $0.4167 and $1.10 in 2030, with an average price of $0.753.

CoinCodex predicts that TRX will be worth between $0.68303 and $0.938053 in 2030.

PricePrediction.net predicts that TRX will be worth $1.16 in 2030.

2035

PricePrediction.net predicts that TRX will be worth $1.50 in 2035.

2040

PricePrediction.net predicts that TRX will be worth $3.00 in 2040.

2050

PricePrediction.net predicts that TRX will be worth $7.00 in 2050.

TRX's performance

TRX has been performing well, especially when compared to some of the other blockchain ecosystems founded in the last few years. In the last 12-month period, the value of TRX has increased by 299.2%, which shows that the cryptocurrency has potential.

TRX had a great 2021, but it has struggled to reach the same highs as the 2017/18 bull run. Despite this, many investors remain bullish on TRX.

In the past 24 hours, the crypto has increased by $0.00014 in its current value. Over the last 30 days, Tron has had 15/30 (50%) green days and 3.05% price volatility.

TRX experienced a significant recovery in 2021, peaking at $0.1616 in April and ending the year at $0.1126.

TRX is currently ranked No. 14 in the entire crypto ecosystem. The circulation supply of TRON is $10,783,080,538.37, with a market cap of 87,428,541,491 TRX.

TRX climbed to $0.1799 in mid-April 2021. It slipped to $0.049 as markets bottomed out in July. The price rose to $0.129 during the November rally but fell as the markets sold off after bitcoin (BTC) reached a new all-time high. TRX ended 2021 at $0.0754.

So far, 2022 has been a poor year for crypto in general, and TRX has performed erratically. It sank to a low of $0.05645 in the wake of Russia’s invasion of Ukraine in February, but then recovered to $0.0793 on 31 March. There was another price burst in early May after the announcement of TRON’s USDD algorithmic stablecoin, with the coin reaching a peak of $0.09087. Despite the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency causing a market crash, TRX got away relatively lightly, dropping to a low of $0.06612 before recovering to a high of $0.09094 on 1 June.

News that the Celsius Network (CEL) crypto lending platform had cancelled withdrawals confirmed the bear market and the coin sank to a low of $0.04744 on 14 June. There had initially been some recovery, with October’s news that Tron would merge with the Huobi (HT) Heco blockchain.

TRX is increasing, thus creating greater highs and higher lows.

TRX is the blockchain’s native cryptocurrency issued by the TRON DAO. It is used to power transactions and applications on the blockchain. TRX can be used to purchase any TRC-based token issued on the blockchain.

Should you buy TRX?

TRX, the native cryptocurrency of the TRON blockchain, has been touted as a rapidly rising crypto coin. It was developed to address the need for decentralisation in online transactions and content delivery. With its advanced features, TRON has been able to rival other smart contract platforms like Ethereum.

TRON's Architecture and Performance

TRON's three-layer architecture includes a storage layer, a core layer, and an application layer. The core layer, which processes instructions in Solidity and Java, is where smart contracts are programmed. The application layer is where developers build Tron-powered applications. The storage layer is used for securely storing data and blockchain-related state information.

TRON's blockchain can process transactions much faster than Ethereum, producing a new block every three seconds, compared to Ethereum's 10-minute interval. This speed, along with its advanced smart contract features, makes TRON ideal for developing decentralised exchanges, lending platforms, online gaming, and movie streaming services.

TRX's Performance and Value

In the last 12 months, TRX has increased by 299.2%, outperforming several other blockchain ecosystems. Its current price is $0.152122 USD, with a market cap of $87,428,541,491 TRX. TRX has had a good upward trend in the last 7 days, increasing by 1.69%.

Should You Invest in TRX?

TRX's performance and future prospects make it an attractive investment option. Experts believe that TRON has the potential to continue growing, especially with the increasing popularity of decentralised applications.

Additionally, TRON's shift to a decentralised autonomous organisation (DAO) model and its integration with the BitTorrent file-sharing network further enhance its potential. TRON's partnership with the Huobi (HT) Heco blockchain and Samsung are also positive signs for the crypto coin's future.

However, it is important to remember that the crypto market is extremely volatile, and TRON has had its fair share of controversies and challenges. Thus, investors should always conduct thorough research and be aware of the risks involved before investing in TRX or any other cryptocurrency.

How to buy TRX

There are several ways to buy TRX, the native cryptocurrency of the TRON blockchain. Here is a step-by-step guide on how to purchase it:

Step 1: Choose a Cryptocurrency Exchange

The first step is to select a cryptocurrency exchange that offers TRX. One of the most popular and trusted exchanges is Binance, which provides a range of options for buying TRON with low fees and high security. Other exchanges that support TRX include Kraken and Symbiosis.

Step 2: Create an Account

Before using the exchange, you will need to create an account and verify your identification. This typically involves providing personal information such as your email address, full name, date of birth, country of residence, and phone number.

Step 3: Deposit Funds

Once your account is set up, you will need to deposit funds into it. You can deposit cryptocurrency or fiat currency, depending on the exchange and your preferences. For example, Binance allows you to buy TRON with a debit or credit card, Google Pay, or Apple Pay.

Step 4: Place a Buy Order

After your funds are deposited, you can place a buy order for TRX. Simply select TRON from the list of available cryptocurrencies and specify the amount you want to purchase. Review the order details and confirm the transaction.

Step 5: Store Your TRX

Once you have purchased TRX, you can choose to store it in a crypto wallet or keep it in your exchange account. If you opt for a wallet, you can choose between hardware and software wallets, depending on your preferences and security needs.

By following these steps, you can easily purchase and start investing in TRX. Remember to always do your own research, consider the risks, and invest only what you can afford to lose.

Frequently asked questions