People feel unsafe due to the democratization of the gold market and plans to regulate it by many governments. Because its value can be questioned by any government, they no longer feel secure in storing wealth as money.
They look for ways to save money and eventually their interests are converted into cryptocurrency. The crypto world is an incredible universe. It could make you millionaire quickly. Cryptocurrencies are not a matter of national sovereignty. It is widely accepted around the globe. It is accepted by all countries.
There is another problem. We heard of cheats in crypto. Many cryptocurrencies can be unstable and could fall in any direction. Tron was thus named. You can deposit safely on this platform. It is a safe and growing platform. Let’s talk about Tron.
What is Tron?
Tron, a blockchain-based decentralized amusement platform, aims to create a free international digital content policy. It uses distributed storage technology and allows for easy and cost-efficient sharing digital quantity.
Tron was founded by the Tron Foundation, a Singapore-based non-profit organization. Justin Sun is the Tron Foundation’s chief executive officer. He has a dedicated in-house development team that includes renowned technology experts. The Tron network had its own cryptocurrency, Tronix (TRX).
Tronix can be purchased on exchanges such as Binance and Liqui by exchanging it for other cryptocurrencies, such as ETH or BTC. At present, it is not possible to purchase Tronix with fiat currencies. It can be stored in wallets that support Ethereum blockchains like My Ether Wallet.
TRONX can be used by content consumers to pay for the content that they desire. These coins will then be sent to the accounts of content producers, where they can either be converted to other cryptocurrencies or used to pay for services on the blockchain.
What makes it different from other Coins
It is a content-related create that illustrates an analogy with real-world applications, such as Netflix, which offers on-demand entertainment. The services are managed by a single entity. To view a specific on-demand movie, one may have to subscribe to Netflix and pay Netflix. This may be because the movie was produced by a group or enthusiasts that are hosting it on Netflix. Netflix pays producers a portion of the hosting fee and takes a cut from the subscription fee. The middleman often takes the majority of the revenue.
Tron is a decentralized, distributed storage facility that replicates the business model of the public blockchain network. It makes it more cost-effective and efficient. Tron aims to eliminate any middleman (like Netflix) by allowing everyone and anyone to host digital entertainment content via its blockchain-based network. Global customers can pay directly to the content creators for access to the content.
Tron’s open and decentralized platform and distributed storage technology attempt to address the significant problem of powerful corporations controlling the Internet. This makes it more level and fair.
Due to the difficulty many developers have in understanding how to build completely new protocols, blockchain technology is not widely used. Tron was designed to facilitate this transition and accelerate decentralization and formation of new dApps.
Tron is the Highest Ever
From January 1, 2018 to March 31, 2018, Tron reached its all-time peak. Let’s take a closer look at this period. TRON’s market cap was 2,937,741,011 US dollars at the beginning of 2018.
Tron had a long-term vision and set clear milestones. The growing popularity of digital content and its promise of lower cost makes it an attractive experiment in blockchain. The strong support of Chinese investors, both established and wealthy, has also helped to increase its potential.
TRON reaches its ATH on Jan 5 and has a market capital of 18,279 969,953 USD. Many people felt FOMO because they were afraid of missing the train that will take TRON to $1 in a week. The market crashed because of the hype. People panicked and started selling TRON to lower its price to $0.04646464 (0.00000432 BTC), on January 17, 2018. After some ups, TRON slowly fell to its All Time Low (ATL), on March 18, 2018.
TRON’s price did not stay there for very long and rebounded because it was less then 2 weeks before launch of TRON’s test net. Justin Sun and the TRON Foundation also tweeted on this date announcing that TRX would be added to OTCBTC in March 20. OTCBTC (OTC) is Asia’s largest exchange.
TRON test net launched Mar 31. The price of TRX surged as it approached the launch of its test net. It reached $0.05 right before the test net. However, the price fell after the test net. TRON’s market capital was 2,713,914,440 US dollars on March 31.
Tron Price Prediction 2023
Its acceptance rate is a key factor in determining its price prediction. TRONX will be more useful if more companies adopt it by 2020. Startups, especially music and publishing startups, will accept it. CoinSwitch offers the lowest rates for BTC to TRX conversions.
As investors saw a rebound in recent days, the TRX price is expected to rise in May. TRON price prediction indicates that the TRON Price is high for a long-term investment of 1325.589%. The TRON Price will reach $1 by 2023.