After testing a support level of 0.0314 in the previous week, the values of Tron [TRX] have increased and an uptrend is active. Tron is currently ranked at 11 of the market capitalization and trades with a market capitalization of $ 2.6 billion. The cryptocurrency launched in 2017 has had wonderful progress in the crypto verse. Let's take a look at what's in store for Justin Sun's Tron.
Tron [TRX] Price Analysis
After testing a support level of $ 0.037, prices showed an immediate spike in prices. Prices are currently testing a resistance level of $ 0.040. The seller's pressure is hindering his progress above $ 0.040. The 100 EMA line shows an uptrend and the MACD is plotted in the bullish zone. The cryptographic currency is in a region of purchase and the uptrend is expected to continue. TRX is currently trading at $ 0.040 and is gaining against 10.72% against the USD.
Can TRX Price hit the $ 1 sign?
An established action plan is successfully followed by the company. After the success of the mainnet, TRX has seen its prices rise higher in recent days, in view of the official launch of the Tron Virtual Machine (TVM) scheduled for July 30th. The Tron community is waiting for a "secret project" that should be revealed the same day.
The Tron Foundation recently acquired Bit Torrent, the platform for file sharing. This acquisition is touted to allow full decentralization to the Tron network and also to allow easy access to digital content on the network. Also, the cryptocurrency is on a binge to find bugs in their system with their bounty bug hunts to make the network more secure.
Tron also completed the third batch of his coin burn yesterday. When a digital currency is burned, the remaining coins increase significantly in value. Even when a certain amount of token is burned, the cryptocurrency request may remain unchanged. The decrease in supply will cause the remaining price tokens to rise. This factor will stimulate prices even higher
See also: Will BitTorrent make Tron a class apart?
The cryptic society is gaining popularity with its subsequent announcements of their further developments plotted in its roadmap. The company not only gives priority to user safety, but also wants full decentralization, thus maintaining the basic principle of blockchain technology. If there are no road blocks, the coin can reach the $ 1 mark and climb the ladder to the top ten cryptocurrencies.
From mid-December 2017 to early January 2018, the value of Tron [TRX] exploded in 2000%! Yes, you read that correctly. It is almost 2000% growth in just three weeks. This enormous growth struck Tron in the elite class of the cryptocurrency world.
And today everyone (including the amateurs of digital currency) have heard of this very popular altcoin. But do you know what it does? Or are you still wondering, "What makes Tron one of the most promising cryptocurrencies?"
If you fall into this last category, you've come to the right place! For now, finish reading this article; you would know everything you need to know to get started with TRX coins. Let's dive into
Quick overview of Tron
According to CoinMarketCap.com,
Network – Tron
Currency name – Tronix
Currency Name – TRX
Current price – $ 0.045 USD  Market Cap – $ 2,988,310,848 USD
24 hours Trading Volume – $ 440,806,000 USD
Current Supplement – 65,748,111,645 TRX
Total Supply – 100,000,000,000 TRX
Maximum Price – $ 0.23 on January 5th 2018
Unlike bitcoin, Tron is not minimisable.
What is Tron [TRX]?
To fully understand this revolutionary altcoin, let's start with the basics. Tron is a decentralized next-gen entertainment platform that lets you share content with anyone, anywhere in the world. Uses blockchain and P2P technology for operation. Consider it as the future of social media.
The basic unit of tokens in this blockchain is Tronix. You get paid in Tronix when you share content on this platform. Tronix is often called with its symbol, the TRX.
Tron [TRX] Aims to eliminate middle-aged men in entertainment
Today, all Internet content creation takes place through any of the giant conglomerates like YouTube, Facebook, Apple, Netflix, Amazon, Spotify, etc. If you are a content creator who aims to make money through your blogs, music, videos, etc., you must publish your content on any of the sites mentioned above to reach your audience.
These companies act as intermediaries. They provide you with a platform to publish your content. In return, they take a percentage of the revenue generated by your content. In reality, these companies have full control over how much they pay for your content. Also, they can censor your content.
This problem with the censorship is enormous and has recently created a broad debate when YouTube censored the demonetization of videos that do not follow its "advertising" guidelines.
The solution? Tron protocol and TRX coins
Tron's main goal is to create a free entertainment ecosystem worldwide. They plan to do this by eliminating brokers and bringing the entire revenue into the hands of the content creator.
For example, if a user in the Tron network creates a video, he can upload it directly to the Tron blockchain and get paid based on the video being received. With each like, clap, upvote or view, the author of the content receives the appropriate compensation without having to pay commissions to intermediaries like YouTube.
Ultimately, it is the Tron community that determines the success of a video. This eliminates company control and censorship that looms above the leaders of content creators at this time.
In simple terms, using the Tron protocol, you are responsible for your data and receive only the compensation for your content.
Team behind Tron [TRX]
Tron Foundation is a non-profit organization based in Singapore. The foundation's mission is to ensure that Tron's cryptographic network operates according to the principles of transparency, fairness and openness. The team believes that regulation and compliance are the highest values.
The Tron Foundation is subject to the supervision of the Singapore Company Law and the accounting and regulatory authority of the company.
Justin Sun – The Man Leading Tron & # 39; s [TRX] March to Success
The founder and CEO of the Tron Foundation is the young entrepreneur Justin Sun. He was one of the individuals listed in "Forbes 30 under 30 in Asia" and has an impressive career. He is the founder of the Peiwo app, which has over 10 million users. The Peiwo app has become the world's first live streaming app that accepts cryptographic coins.
Justin Sun is the protégé of Jack Ma, the founder of the popular Chinese e-commerce portal, Ali Baba Group. Justin Sun was recognized for his passion and dedication by Jack Ma, during his study at the prestigious Hupan University (which has lower acceptance rates than Princeton). Justin is also a graduate of the University of Pennsylvania.
In addition to Jack Ma, Justin has had many other impressive mentors such as Feng Li (a Ripple adviser) and Lee by Tim Berner (the man who invented the World Wide Web). In addition to these known data, there are many other key cryptographic factors such as Hacker Noon that firmly believe in Tron's success.
Tron & # 39; s Prestigious Industrial Partnerships
Tron [TRX] has already acquired some prestigious partnerships. Here are some:
oBike – the largest bike sharing company in Southeast Asia, Singapore-based eBike has launched its own token, the oCoin that uses the Tron network. Users can earn oCoin simply by driving oBikes. The oCoins can be further used for the purchase of other attractions.
Bitmain – the main designer and manufacturer of ASIC chips that are used to extract Bitcoin. Antminer, S9, from Bitmain, is one of the most popular products used by the Bitcoin mining community.
Zag S & W – an important international law firm with a focus on corporate and commercial law. This partnership is crucial to Tron, as it offers comprehensive support in digital resource creation, risk management, and legal adaptation between jurisdictions and operations.
How do transactions on the Tron network work?
To fully understand the potential of Tronix, let's take a look at how transactions work.
Like other digital currencies, transactions using TRX occur on public accounting. This log has a history of all transactions made on the network until the first transaction. The transaction model of TRX is in many ways similar to that of Bitcoin. The only main difference is that Tron provides additional security using UTXO.
In this model, when a quantity of money is sent to the user ID of a TRX, it is sent along with a set of rules. These rules when applied help to unlock the specific amount of money sent. The final product is known as UTXO.
This adds an additional layer of security to the network.
What distinguishes it from other digital currencies?
Let's take a look at Tron's potentials with an illustration. Suppose you use a bicycle sharing app that was created on Tron's blockchain. Every time you rent a bike with this app, the bike sharing company tokens are rewarded.
You can use these tokens to redeem free rental bikes in the future. What makes Tron unique is that you can use these tokens in exchange for a free cup of coffee in a coffee chain built on the Tron network.
You do not have to do the manual work of converting your bike coins to coffee coins or other coins you want. All this is done automatically by the Tron blockchain, with the TRX acting as an intermediate currency.
This is one of the major advantages of using TRX. Allows content creators and artists to regain ownership of the content they create. In fact, several cryptographic experts believe that Tron is leading the rise of the third network. It is progressing to make the Internet an open and decentralized network exactly as it was originally intended.
From the developer's point of view, Tron allows developers to create smart contracts using any high-level language. This means that Dapp developers can use any programming language they prefer to build on Tron's blockchain.
This is one of Tron's most successful products. Just like the initial crypto-kittens, Tron has released encrypted puppies in line with the Chinese Dog Year, 2018. Today these Tron dogs sell around $ 18 USD.
Where to buy Tron [TRX]?
You can exchange TRX on popular crypto-exchanges like Binance, Bit-Z, Liqui, etc. for ETC or BTC. If you do not have ETC, BTC, you can buy it with fiat coins in Coinbase or Bitstamp. Deposit your BTC, ETC in your wallet on Binance and then exchange it for TRX.
Where Store Tron [TRX]?
TRX is an ERC-20 token. You can archive it in hardware portfolios such as Trezor, MyEtherWallet (MEW) or Ledger Nano S.
The Roadmap for 2018: what is planned for the future of Tron?
After the launch of the Tron mainnet in May of this year, the TRX ECR20 tokens will be migrated to the Tron network at the end of June.
Here are some of the highlights planned for Tron by his CEO, Justin Sun.
The launch of Odyssey 2.0 – The development of Tron has six phases: Exodus, Odyssey, Great Journey, Apollo, Star Trek and Eternity. The Odyssey will launch the PoS.
The launch of Great Voyage – Originally planned for 2020, the Tron team aims to achieve it by the fourth quarter of 2018.
Introduction of a browser blockchain and token wallet – To improve functionality
Commissions Zero Transaction – TRX aims to eliminate transaction costs on the network.
Increase in network capacity – Tron plans to reach a capacity of 10,000 transactions per second by the end of 2018.  There are many things that Tron likes: ambitious targets, several prestigious partnerships, one of the more interconnected cryptodity at the helm, third-party Dapp and more. However, the project also had a downside – polemics against plagiarism, the various moods of the founder and more.
However, it can be said that if Tron [TRX] continues on its current trajectory, it could very well transform the entire crypto-space.
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