TRON (TRX) Analysis
Market Cap
$7,005,396,394 USD
Volume (24h)
$1,547,608,454 USD
Top cryptocurrency services
TRON investment analysis
TRON (TRX) is a crypto project that aims at the disruption of the current setup of entertainment content distribution networks by empowering its users to have more control over the contents they create over the internet - with regards to what’s being created, how it's shared and with whom and for what price. This way, they eliminate intermediaries and middlemen who make more gains over what other people create simply because they provide the platform.
Creating value for content makers is a major step in the project’s agenda as it changes how the world interacts through the internet space. Disrupting this economy brings about one major benefit - freedom from censorship. TRON investment has a long-term advantage. As the world continues in the decentralized direction, platforms like this remain on top of the CDN industry. Another important feature is that it is cross-blockchain compatible with other networks.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy TRX
To buy TRX is quite simple as it is listed in over 20 cryptocurrency exchange platforms, which makes it quite popular and it is being paired more with BTC and ETH. Very few exchanges allow trading with USD and USDT. To buy, you simply need to register on any of the exchanges that lists the crypto-asset, then purchase using BTC or ETH as the case may be.
Once the coin has been bought there are two different storage options to choose from:
1) You could decide to store on a web wallet like Myetherwallet (since it’s an ERC20 compatible token), or on exchanges where they are listed. More so, there are some mobile wallets, that can be used, so it’s safer to transfer the asset to a mobile wallet than to store it on exchanges.
2) Another option, which is the most secure one, is the use of a hardware wallet like Tezor or Ledger Nano S, which provides more security to crypto assets.
With a project like this, the level of social media hype it is getting from its developers and the set plan of its token supply, one can predict the eventual fate of this asset’s price. Also, while it is a known fact that a crypto asset’s price isn’t directly dependent on the assets underlying project, rather the interplay of its demand and supply I think that if the team tries to execute the TRON content market platform, the token will see skyrocketing price increase. However, at the level of this project, I wouldn’t want to exaggerate its potential but I think it will eventually fare well.