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Tron is one of the best performing cryptocurrencies in the encrypted market so far. It is a decentralized technology that focuses primarily on creating a free international entertainment platform where people can send, upload, store, share and store information. It is a non-profit structure located in Singapore.
More than three quarters of TRX's operations are carried out on Binance, a large cryptocurrency trading site. The Tron Foundation's mission is to control the $ 1 trillion entertainment industry.
TRON (TRX) Price today – TRX / USD
The current value of TRX
Currently, TRX is positioned at number 10 on the chart of the main cryptocurrencies based mainly on market capitalization. Check the TRX market cap here …
Prediction of Crazy TRX prices
Being one of the most performing and expanding cryptocurrencies, TRX has the potential and quality to expand into the world of cryptocurrencies. According to the latest forecasts, TRX will experience an exponential increase before the end of the year.
Cryptocurrency experts at some cryptographic analysis websites have predicted that TRX will reach $ 12 by the peak of 2019. Based on the evaluation of the current TRX price, they also predicted that in two years its price could reach $ 52, 91.
But we do not think this is reasonable.
TRX partnership strategy
TRX is a new cryptocurrency with enormous potential and has already created essential collaborations. These collaborations and the mutual benefits derived from them could significantly influence its price over the next three months and years to come.
TRON Price Prediction 2019
Justin Sun, CEO of TRON, said that the TRON network has more unique addresses than EOS and that TRON has acquired multiple unique addresses in the first 95 days compared to ETH in the same period in which it was launched. Justin also tweeted that TRON will upgrade to Odyssey 3.1, where TRX will be 200 times faster than ETH, 100x cheaper than EOS.
Two updates are planned for the main TRON network before the end of the year: the first on 15 November and the other at the end of December. TRON has launched its TRON Virtual Machine (TVM) which will now allow developers to create dApp on the TRON platform. The market also welcomed the move and TRON was one of the best currencies with 24 hours of positive price changes.
Because of these significant developments, Tron's potential has increased and it is certain that it will soon be successful. Justin Sun has an excellent relationship with the market leaders and Tron has partnered with BitForex, FX market company-Shiftmarkets and even with the Chinese OTCBTC exchange. His partnership with BitForex paves the way for TRON while remaining bullish for 2019 and more.
Tron is one of the top 15 global cryptocurrencies that is slowly and gradually gaining authority in the crypto market and is also one of the most profitable cryptocurrencies.
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Tron, being on the fastest growing crypt, has great potential to grow in the market. Tron ranked 56th a few months ago, but has now secured the eleventh position according to CoinMarketCap. Since Tron emerged from Ethereum, there is a good chance of reaching 0.2 USD over the next 15-18 months.
Although Tron could grow, its growth rate may not be high compared to its other currencies. But from 2019 and thereafter, it could take a faster pace.
BitcoinExchangeGuide:
Tron will reach $ 2.78 by September next year
Bitcoinexchangeguide.com says, the presumption is that Tron's value will reach $ 2.78 by September next year. The factors mentioned above should contribute massively to achieving this goal.
Market Prediction for Tron price 2019
Given that the market is so volatile, the prediction of the price of cryptocurrencies is indeed one of the most difficult tasks.
We take into consideration the publications and personalities and their statement regarding the pricing of Tron (TRX), which will give us a better idea:
# 1 investingpr.com
According to investingpr.com, Tron will rise to $ 1 in only five years, and sounds like a realistic and prudent forecast.
# 2 WalletInvestor
According to WalletInvestor, they have predicted that Tron will not rise more than $ 0.1 this year as they believe that 2019 will not prove favorable to this. However, they believe, it is not a bad year for investments.
# 3 More investors
By 2019, Tron will grow as it will recover new investors from payment platforms such as PayPal, which can raise its value up to $ 1.5 per currency.
No. 4 Mergency Potential
Justin Sun's relationship with Jack Ma foresees a potential for convergence or convergence in the near future, which could lead to Tron's success story.
Finder:
What could drive the growth of TRON?
- Partnership. TRON has partnered with a number of big names in the content entertainment industry, including UPLive, Bitmain, Game.com and the bike sharing system oBike. These could help drive the popularity and growth of the platform, as well as potentially lead to future agreements with other business partners. The partnership announcements have also previously influenced the price of TRX.
- Justin Sun. The founder of TRON, Justin Sun, has been included in the Forbes "30 Under 30" and previously founded the Chinese competitor Snapchat Peiwo Sun. Also Sun has a broad public profile and is said to have close relations with Jack Ma, the founder of the Chinese e-commerce giant Alibaba.
- Speculation. From December 9, 2017 to January 9, 2018, the price of the TRX has increased by 3.650%. There have been a number of factors behind the surge, but such rapid growth could potentially attract speculators and people affected by FOMO who seek to take advantage of future price increases.
- Launch Mainnet. The launch of TRON in the Exodus network is scheduled for 2018, with the testnet scheduled for the end of March and the full launch for May 31st. Exodus aims to offer ridiculously low tariffs and greater scalability and will see the transition of TRON from the Ethereum network to its platform.
- Potential. The goal of TRON is to create a platform where users can freely publish, archive and own data. The plan is to withdraw intermediaries such as the Apple Store and Google Play, returning ownership to content creators.
What could hold TRON?
- No working product. At the time of writing (03/16/18), TRON did not produce a working product. Until the mainnet is released, there will certainly be a lot of uncertainty about the profitability of the platform.
- Justin Sun. Some critics have pointed to the excessive dependence of TRON from Sun as a potential disadvantage. If Sun's credibility is questioned, for example by the plagiarism scandal mentioned below, or decides to move on to other projects, this could have a major impact on the public perception of TRON.
- Questionable marketing. TRON has been criticized in the past for misleading announcements about corporate partnerships. For example, in January 2018 he was accused of using "creative marketing" to over-publicize his partnership with the Chinese firm Baofeng.
- Plagiarism charges. In January 2018, TRON was hit by explosive charges that parts of his white paper had been plagiarized by FileCoin and IPFS. Although Justin Sun responded with a tweet saying that the lack of references (and other problems in the white paper) were due to a translation error, the news had a big impact on the public's general perception of the project.
- Lack of adoption. Another key factor determining the value of TRX will be if the platform can get widespread adoption. It will have to compete with established content channels like Facebook, Instagram and Google Play, as well as blockchain platforms like LBRY and Po.et.
- TRX distribution. Some commentators have questioned that most TRX tokens are controlled by a small number of users, allowing the TRX price market to be manipulated.
The TRON competition
The value of TRX in the months and years to come will, in part, be influenced by how TRON compares itself with other competitors in the online entertainment content market. The main competitors to keep an eye on include:
- Consolidated content platforms. Facebook, Twitter, Instagram, Apple iTunes and Google Play are just some of the big names that currently control the lion's share of the market. None of these platforms will leave their audience without a major battle, so the burden will be on TRON to position itself as a viable alternative.
- LBRY. With the goal of overcoming censorship and centralized control, LBRY is a digital media library and community-driven marketplace where creators can upload their own content and set their own rates and terms for sharing their content.
- Poet. Another blockchain platform in which publishers and creators can manage their digital media resources, Po.et aims to provide incontrovertible proof of ownership and simplify the attribution process.
- SingularDTV. SingularDTV is a blockchain platform designed to provide artists and creators with a system in which they can build, monetize, manage and distribute their projects.
Beyond 2019: what does the future hold for TRON?
What 2019 and the following years have in store for TRON will be strongly influenced by what will happen in the coming months. The launch of the main TRON network on 31 May 2018 was a crucial milestone for the project. Obviously, the titles will be markedly different if the mainnet is a flop.
The role of Justin Sun will also be crucial. Depending on who you ask, Sun is important and influential as Elon Musk is for Tesla or someone who plagiarizes white papers and engages in some questionable marketing practices. Whatever the case, there is no doubt that Sun has been a real driving force behind the evolution of TRON so far.
Whether or not the project can experience future growth, it will come to the battle for widespread uptake. The Internet giants that currently control most of the online entertainment content will not just roll and allow a new arrival to take control of the market, so the ability of TRON to position itself as a reliable and popular platform will be crucial. .
So while the future of TRON is currently quite uncertain, we can expect the picture to become much clearer in the coming months. Meanwhile, supporters hope that Justin Sun and the project as a whole can avoid further controversy.
Bottom line
TRON has shown many promises, but will also address some key barriers in the coming months. The launch of its mainnet by the end of the year will be an important milestone and one that many in the encrypted world will observe with interest.
Should you buy TRX? You are the only person able to answer this question, so do your research to decide if you think the TRON is directed up or down.
