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Tron's price rises steadily and the Fib extension tool shows the next upward targets. Until now, all the technical indicators suggest the idea that further gains are coming to Tron.
Technical indicators
The 100 SMA went above the 200 long-term SMA in order to confirm that the path of least resistance is on the upside. In short, it is more likely to climb rather than fall. The price of Tron has formed and confirmed an inverse trend to signal that there is an uptrend coming up.
The apparatus of the Fibonacci extension tool reveals the raised goals of the nest. The price of Tron has already managed to exceed the 38.2% extension and is approaching the 50% extension. Increased selling pressure could result in cryptography extending 61.8% or up to 78.6%.
RSI is also rising, showing that there is still some pressure to buy. This could be enough to keep the bulls under control until the price of Tron reaches the next potential resistance levels just before the buyers book the profit. Even the Stochastic is moving, which means that Tron's price could do the same.
The current state of the market after the Bithumb hacking
Lately, the main criptos in the market finally seem to improve after the bearish trend that has taken control of the market recently. The coins were able to overcome Bithumb's news even better than everyone expected, especially if we compare this unfortunate event with the hacking of the smallest South Korean exchange on June 10th. Some rumors in the cryptographic space state that this happened due to reports saying that Tether was used to manipulate the price of Bitcoin in 2017. This led to the belief that the US regulator probe could trigger the same results.
Overall, Tron's price seems to have been corrected, and for the Justin Sun crypt an upward journey is expected.
TRON 2019 pricing forecasts: TRON is a platform for creating and archiving applications. It also allows you to execute smart contracts based on its blockchain. Furthermore, it makes it easier for you to publish both the content and the data freely. This ensures that for the entertainment industry and the media industry, it is actually a rather precious blockchain. This also means that the applications of this particular blockchain are many.
That said, it is also important to look at cryptocurrency as an investment asset. Many investors are trying to find out whether it is currently at investment levels or not.
The blockchain project and its TRX native currency have attracted much attention in recent months. Tron provides a platform for developers to create and distribute decentralized applications (Dapps). Since Tron launched his Mainnet, it was a gift for Ethereum. Recently, Tron's founder and CEO – Justin Sun – said the network now supports over fifty decentralized apps. Sun made this announcement on Twitter on Thursday, and said the network aims to reach 80 Dapp in the short term.
Tron Blockchain has reached 100 million transactions in 173 days
Justin Sun has released this statement after the blockchain reached an important milestone at the start of this month. The network reached 100 million transactions over a period of 173 days. This means that an average of 578,034 transactions are executed every day on Tron's blockchain.
Tron sees more about using Dapp
In August, Martin Koppelmann stated that a key statistic to be used to measure the growth rate of a smart contract protocol is the number of decentralized apps that interact with each other and the use of decentralized apps. Koppelmann is the founder of Gnosis.ph – a market platform based on the Ethereum blockchain. According to Koppelmann: "The use of Dapps is the number we are interested in. The next thing is to look for the number of decentralized apps that interact with each other and benefit from one another to be on the same platform. As a side effect, the value of Ethereum (ETH) will therefore be a function of the application for the use of apps in this open, reliable and interconnected environment. " Tron is an intelligent contract protocol just like Ethereum, and Tron's value comes from the ecosystem of its decentralized apps and active users.
The use of Tron Dapp exceeds that of Ethereum
The first three decentralized apps on the Tron network have an average of 2,300 users. TRONbet records 2,500 active users and a transaction volume of two million on a daily basis, according to DappRadar. DappRadar is an online platform that provides data on the use of decentralized apps on the main blockchain networks. In comparison, the top three decentralized blocker applications of Ethereum have an average of 700 users. The three largest decentralized apps on the network are IDEX, Crypto Heroes and ForkDelta. However, EOS represents the largest number of decentralized app users on its network. TRON (TRX) Price today – TRX / USD
EOS is the second most valuable smart contract protocol in the world after Ethereum. The first three Dapp on the network have on average almost 5,000 users; this is more than the Dapp users of Ethereum and Tron put together. The first three Dapp on EOS are EOS Knights, PRA CandyBox and EOSBet. The use of Dapp on the Tron network has recently surpassed that of Ethereum in terms of daily active users and decentralized apps. Tron and EOS have focused more on scalability in the last two months. They are focusing more on scalability in their development in order to support the largest possible number of decentralized apps in the ecosystem. This is something that Ethereum is missing, which is why many developers on the network are now moving towards the blockchain of EOS or Tron.
TRON 2019 price forecast:
You can check the current price of the cryptocurrency in the chart at the end of the article. According to investingpr.com, within 5 years, it is expected to trade around $ 1. This is why it is also a good investment option. The main reason for which the cryptocurrency is destined to increase by such a significant amount is due to the greater use of the platform. As more and more developers begin to use the platform, this will also entail the appreciation of the cryptocurrency. This is the reason why the cryptocurrency is destined to increase further. Source: investingpr.com
The decentralized platform will also ensure that it is easier for developers to publish the content. It is one of the very few blockchains that allows easy publication of the content without any restrictions. This will still provide great versatility when it comes to the applications of this platform. With the increasing application of this platform, usability will increase further. With the increase in usability, the token premium will increase further. This is why the potential of the platform is enormous. Source: investingpr.com
So, if you are looking to invest in TRON it may now be the perfect option to do so as cryptocurrency is constantly increasing in value. With such a broad headroom for the return in the future, it is worth giving a look. Source: investingpr.com
TRON [TRX] despite the recent controversy between ETH and TRX expands with 2500 knots in 31 countries
ambcrypto
The drama related to the recent launch of Tron & # 39; s Test Net has not yet been done. Within a week of the launch of Test Net, it has expanded to 31 countries with 2500 knots despite a bear market. The first technical debut of TRON – The test network has arrived with the completed nodes, the basic network functions, the transactions and the customizable modules. This gave fans, followers and skeptics a transparent view of Tron's solid progress.
Jacob Guinto, a TRON enthusiast, tweeted:
"Holy, KILLING JUSTIN KILLINGGGGG ITTTT! I personally created 3 knots in Czechia – simple process, immediate projection on the map – this is for real guys 🙂 excellent work from Tron Foundation and Justin Sun. I think you can set up a knot on the moon now . "
There were also people looking for clarifications like Kasei Arakaki who asked,
"This is not a doubt or FUD." By asking a true question … do we have evidence that these nodes are functioning and authentic? I would like to see some more tangible information on the test network and how it is currently running and running. could you provide links for me? "
Tron intends to abandon his ERC20 identity and migrate from the Ethereum platform. Once, this live, Tron will no longer be an ERC20 token but will become a real token within its ecosystem.
When the TRON code 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 keeping its energy without fear, but it adds a necessary basis for the debut of its technology."
WHAT IS TRON?
THE BUDDING FOUNDER OF CRYPTOCURRENCY JUSTIN SUN WANTS TO CHANGE THE INTERNET
Source: Newsweek
While cryptocurrency craze continues, with Bitcoin at the forefront, a series of smaller and cheaper projects are emerging that investors are enthusiastic about. One is Tron, a currency that its Chinese founder hopes will challenge the world's largest 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 share content on the Internet, ensuring that artists, creators, musicians, authors can publish their content without having to use a company medium , whether it's Amazon, YouTube, Apple or Facebook.
The digital currency was created by 26-year-old Justin Sun, a self-proclaimed protégé of Alibaba's chief executive and billionaire Jack Ma. He has accumulated 350,000 followers on Twitter, promoting the currency for both his loyal followers and investors, and the wider community of cryptocurrencies. Forbes included him between 30 and 30 for Asia in 2015 and previously worked for another early cryptocurrency, Ripple (XRP).
The former student of the University of Pennsylvania is one of the most vocal crypto-founders of the platform, hosting a live stream of an hour on the coin to announce partnerships to announce a new office of San Francisco to promote a vote for the currency to be accepted by the new digital exchanges. He also engaged in an exchange back and forth with the famous founder of Litecoin, one of the first 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 its own Chinese social app for the Peiwo network.
The currency has so far tightened partnership with a number of large companies, including the Chinese software and video hardware provider Baofeng (which Sun has nicknamed "China's netflix"), oBike, the largest bike sharing company in Singapore, which will publish "oCoins" "On the Tron platform, with the cyclists who accumulate the most coins, it also boasts investors such as Wei Dai, the founder of the bike sharing company ofo and a team of developers from Alibaba and Microsoft.
Sun said it had a collaboration with a space exploration company, and rumors abound online on a partnership with Alibaba, even though they remain groundless.
It is mostly bought with Bitcoin or Ethereum, the number one and two cryptocurrencies, on the Tokyo Binance, and at the time of writing had a market capitalization of almost $ 6 billion, despite its low price. The currency began its life in September, trading for only a tenth of a cent.
That country is an important market for digital currencies and the country has reported that it will not ban cryptocurrencies, but will regulate them more rigorously to stop market manipulation and fraud.
Critics and proponents of Tron's cryptocurrency are divided over the project's potential. Hype, potential, fears and doubts shape the market price of a cryptocurrency, as well as the market offer, and Tron is no different.
The detractors of Tron say that the coin has a circulation of 65 billion coins, too much to have a significant monetary value. In contrast, Ripple has a spread of 38 billion. They also say that Tron is just an idea that has yet to be implemented, so no one can really tell if it will be a success.
Tron Whitepaper
They also indicated the "white paper" of the project as one that has the characteristics of other projects. But Sun has used his presence on social media to add a touch of transparency to the currency, challenging the claims to copy other projects and to dampen the "FUD" (fear, uncertainty and doubt) around this coin.
There are daily traders who try to make money with the cryptocurrency, they buy low and sell highs, but there are others who believe in the technology in which they are buying.
Tron is in the top 15 of cryptocurrencies
Tron's supporters on social media indicate Sun's plans, as well as his currency leadership, his Chinese connections and his position in the first 15 cryptocurrencies, as a sign of the potential that the currency and the Tron platform could have for the Internet, whether it's games, mobile apps or online markets. For example, on January 22, Tron Puppies will be released by game.com, where users can use Tron coins to play, Sun tweeted.
If Tron can shake the Internet while the sun's hopes remain to be seen. But what this currency has, like many others, is the ambition to challenge the financial system and change the online space as we know it.
So the cryptocurrency observers will hold Sun's eye and his attempt to surpass Bezos and Zuckerberg of the world, and investors hope the project that shares his name with the futuristic film will take them to the skies.
NOTE: Investing in cryptocurrencies involves risks and anyone who has to invest in the market should be prepared for volatility, lack of regulation and even fraud and scams. Anyone considering such an investment should seek their investment and be ready to lose this investment.
