TRON price predictions 2019: Expands with 2500 nodes in 31 countries
TRON price predictions 2019: TRON is a platform which allows you to build and store the applications. It also allows you to execute the smart contracts based on its blockchain. Moreover, it makes it easier for you to freely publish the content as well as data. This ensures that for the entertainment industry as well as media industry, it is actually a pretty valuable blockchain. This also means that the applications of this particular blockchain are plenty.
TRON Price Today:
With that being said, it is important to look into the cryptocurrency an investment asset as well. Many of the investors are trying to find out whether it is at investing levels currently or not.
TRON price predictions 2019:
According to investingpr.com, within 5 years, it is expected to trade around over $1. This is a reason why it is a good investment option. The main reason why the cryptocurrency is slated to increase by such a significant amount is owing to the increased usage of the platform. As more and more developers start using the platform, it will result in the appreciation of the cryptocurrency as well. This is the reason why the cryptocurrency is slated to increase further. Source: investingpr.com
The decentralized platform will also ensure that it becomes easier for the developers to publish the content. It is one of the very few blockchains which enables easy publishing of the content without any restrictions. This will again provide enormous versatility when it comes to the applications of this platform. As the applications of this platform increase, the usability will increase further. As the usability increases, the prize of the token will increase further. This is the reason why the potential in the platform is enormous. Source: investingpr.com
Thus, if you’re looking to invest in TRON now might be the perfect option to do so as the cryptocurrency is increasing in value consistently. With such large headroom for return in the future, it is worth a look. Source: investingpr.com
Tron Price Prediction: Will Tron (TRX) be Valued at $12, 2019? – TRX/USD Tron News Today
Tron is one of the best performing cryptocurrencies in the crypto market so far. It is a decentralized technology primarily focussing on establishing a free international entertainment platform where people can send, upload, retain, share, and store information. It is a non-profit establishment situated at Singapore.
More than three-quarters of operations of TRX is carried out on Binance- a big cryptocurrency trading site. The mission of Tron Foundation is to control the entertainment industry which is valued at $1 trillion.
TRON (TRX) Price Today – TRX / USD
The Current Value of TRX
Currently, TRX is positioned at number 10 on the chart of top cryptocurrencies grounded primarily on market cap. Check TRX market cap here…
Being one of the best performing and expanding cryptocurrencies, TRX has the potential and quality to expand in the cryptocurrency world. According to the latest forecasts, TRX will experience an exponential rise in 2019.
Cryptocurrency experts from some crypto analysis websites have projected that TRX will hit $3.75 in the next three months. In addition, they expressed the possibility of TRX being valued at $12 by the peak of 2019. Pegged on the evaluation of the current price of TRX, they also forecasted that in two years, its price could hit the $52.91.
But we don’t think this is reasonable.
TRX’s Partnership Strategy
TRX is a new cryptocurrency with a huge potential, and already it has created essential collaborations. These collaborations and the mutual benefits resulting from them could greatly influence its price in the next three months and years to come.
TRON Price Prediction 2019
Firstly, Justin Sun, CEO of TRON, stated that the TRON network has more unique addresses now than EOS and that TRON has gained more unique addresses in the first 95 days than ETH in the same time period when it was launched. Just in even tweeted that TRON will be upgrading to Odyssey 3.1, where TRX will be 200x faster than ETH, 100x cheaper than EOS.
TRON launched its TRON Virtual Machine (TVM) which will now allow developers to create dApps on TRON platform. The market also welcomed the move and TRON was one of the top coin with 24 hours positive price change.
Because of these significant developments in the last two months, Tron’s potential has increased and is certain that it will experience success soon. Justin Sun has a very good relationship with the market leaders and Tron has partnered with BitForex, FX market company- Shiftmarkets, and even the Chinese exchange OTCBTC. Its partnership with BitForex paves the way to TRON remaining bullish for the remaining of 2019 and beyond.
Tron is one of the top 15 global cryptocurrencies which is slowly and gradually gaining authority in the crypto market, and also is one of the most profitable cryptocurrencies.
Tron, being on of the most surging crypto, it has very good potential to grow in the market. Tron previously ranked 56th, but now it has secured a much higher position according to CoinMarketCap. As Tron is being emerged from Ethereum, there are good possibilities for it to reach 0.2 USD in the coming 15-18 months.
Although Tron might grow, its rate of growth might not be high as compared to its fellow currencies. But from 2019 and after, it might take a faster pace.
Tron will reach $2.78 by September 2019
Bitcoinexchangeguide.com says, the presumption is that the value of Tron will reach $2.78 by September 2019. The factors mentioned above are expected to contribute massively to the realization of this milestone. Lastly, the upward trends should start becoming noticeable in 2019.
Market Prediction for Tron price 2019
With the market being so volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.
Let’s consider the publications and personalities, and their statement regarding the Tron (TRX) price prediction, which will give us a fair idea:
According to investingpr.com, Tron will rise to $1 only in five years, and that sounds like a realistic and conservative prediction.
#2 More investors
By 2019, Tron will grow as it will regain new investors from payment platforms like PayPal, which can make its value rise up to $1.5 per coin.
#3 Mergence Potential
Justin Sun’s relationship with Jack Ma predicts mergence or convergence potential in the near future, which might lead to Tron’s success story.
What could drive TRON’s growth?
- Partnerships. TRON has secured partnerships with a number of big names in the content entertainment industry, including UPLive, Bitmain, Game.com and bike sharing system oBike. These could help drive the popularity and growth of the platform, plus potentially lead to future arrangements with other corporate partners. Partnership announcements have also previously affected the price of TRX.
- Justin Sun. TRON founder Justin Sun has been listed in the Forbes “30 Under 30” and previously founded China’s Snapchat competitor Peiwo Sun. Sun also has a large public profile and is reported to enjoy close ties with Jack Ma, the founder of Chinese e-commerce behemoth Alibaba.
- Speculation. From December 9, 2017, to January 9, 2018, the price of TRX rose a whopping 3,650%. There were several factors behind the spike, but such rapid growth could potentially attract speculators and those affected by FOMO looking to take advantage of any future price hikes.
- Potential. TRON’s aim is to create a platform where users can freely publish, store and own data. The plan is to cut out middlemen such as the Apple Store and Google Play, giving ownership back to content creators.
What could hold TRON back?
- Justin Sun. Some critics have pointed to TRON’s over-reliance on Sun as a potential drawback. If Sun’s credibility is brought into question, for example by the plagiarism scandal mentioned below, or he decides to move on to other projects, this could have a big impact on the public perception of TRON.
- Questionable marketing. TRON has been criticized in the past for making misleading announcements about corporate partnerships. For example, in January 2018 it was accused of using “creative marketing” to over-hype its partnership with Chinese firm Baofeng.
- Plagiarism accusations. In January 2018, TRON was hit by explosive allegations that sections of its white paper were plagiarized from FileCoin and IPFS. Though Justin Sun responded with a tweet claiming the lack of referencing (and other white paper issues) were due to a translation error, the news had a big impact on the overall public perception of the project.
- Lack of adoption. Another key factor determining the value of TRX will be whether the platform can achieve widespread adoption. It will need 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 whether a large portion of TRX tokens are controlled by a small number of users, allowing market manipulation of the TRX price.
The value of TRX in the months and years ahead will, in part, be influenced by how TRON compares to other competitors in the online entertainment content marketplace. Key competitors to keep an eye on include:
- Established 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 relinquish their audiences without a big fight, so the onus will be on TRON to position itself as a viable alternative.
- LBRY. With an aim to overcome censorship and centralized control, LBRY is a community-run digital media library and marketplace where creators can upload their content and set their own fees and terms for how their content is shared.
- Po.et. Another blockchain platform where publishers and creators can manage their digital media assets, 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 where they can build, monetize, manage and distribute their projects.
What does the future hold for TRON?
What 2019 and the years that follow have in store for TRON will be greatly influenced by what happens in the next few months.
The role of Justin Sun will also be crucial. Depending on who you ask, Sun is either as important and influential as Elon Musk is to Tesla or someone who plagiarizes white papers and engages in some questionable marketing practices. Whatever the case may be, there’s no doubt that Sun has been a real driving force behind TRON’s evolution so far.
Whether or not the project can experience future growth will come down to the battle for widespread adoption. The Internet giants that currently control most online entertainment content aren’t just going to roll over and let a new arrival assume control of the market, so TRON’s ability to position itself as a reliable and popular platform will be vital.
So while the future for TRON is quite uncertain at the moment, we can expect the picture to become much clearer in the next few months. In the meantime, supporters will be hoping Justin Sun and the project as a whole can avoid courting any more controversy.
TRON has shown plenty of promise, but it will also face a few key obstacles in the months ahead. The launch of its mainnet later this year will be an important milestone and one that many in the crypto world will be watching with interest.
Should you buy TRX? You’re the only person who can answer that question, so do your own research to decide whether you think TRON is headed up or down.
TRON [TRX] despite the recent ETH vs TRX controversy expands with 2500 nodes in 31 countries
Jacob Guinto, a TRON enthusiast tweeted:
“Holy, KILLING IT JUSTIN KILLINGGGGG ITTTT! I have personally setup 3 nodes in Czechia – easy process, immediate projection on the map – this is for real guys 🙂 great work from Tron foundation and Justin Sun. I think you can setup a node on the moon now.”
There were also people seeking clarification like Kasei Arakaki who asked,
“This is not a doubt or FUD. Asking a genuine question… do we have evidence these nodes are functioning and authentic? I’d love to see some more tangible information regarding the test net and how it is currently running and performing. Maybe someone could provide links for me?”
The frequency of TRON’s code update has been at the forefront of all blockchain projects from 2018 itself. When it first 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 retaining its fearless energy but adds a much-needed groundedness with the debut of its technology.”
WHAT IS TRON?
CRYPTOCURRENCY’S BUDDING FOUNDER JUSTIN SUN WANTS TO CHANGE THE INTERNET
Source: Newsweek As the cryptocurrency craze continues, with Bitcoin leading the way, a slew of smaller, cheaper projects are emerging that investors are getting excited about. One is Tron, a coin that its Chinese founder hopes will challenge the world’s major 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 content-sharing on the internet, ensuring that artists, creatives, musicians, authoring can release their content without having to use a middle company, be it Amazon, YouTube, Apple, or Facebook.
The digital currency was created by 26-year-old Justin Sun, a self-proclaimed protegé of Alibaba chief executive and billionaire Jack Ma. He has amassed 350,000 Twitter followers, promoting the coin to both its loyal followers and investors, as well as to the wider cryptocurrency community. Forbes listed him in its 30 under 30 for Asia in 2015 and he previously worked for another fledgling cryptocurrency, Ripple (XRP).
The former University of Pennsylvania student is one of the most vocal crypto-founders on the platform, from hosting a one-hour livestream about the coin to announcing partnerships to announcements of a new San Francisco office to promoting a vote for the coin to be accepted by new digital exchanges. He has even engaged in a back-and-forth with the famous founder of Litecoin, one of the top 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 his own Chinese social networking app Peiwo.
The coin has so far struck partnerships with a series of major companies, including Chinese video hardware and software provider Baofeng (which Sun dubbed the “netflix of China”), oBike, the largest bike-sharing company in Singapore, which will release “oCoins” on the Tron platform, with riders accumulating coins the more they ride. It also boasts investors such as Wei Dai, the founder of bike sharing company ofo, and a team of developers from Alibaba and Microsoft.
Sun has floated that it has a partnership in the works with a space exploration company, and rumors abound online about a partnership with Alibaba, although these remain unfounded.
It is mostly bought with Bitcoin or Ethereum, the number one and two cryptocurrencies, on the Tokyo-based exchange Binance, and at the time of writing had a market cap of almost $6 billion, despite its low price. The coin began life in September, trading at just a tenth of a penny. Earlier this month, it had soared past the 30 cent mark, before dropping back to as low as 4 cents, because of a wider market crash founded on fears that South Korea would ban cryptocurrency.
That country is a major market for digital coins, and the country has signaled that it will not ban cryptocurrencies, but more stringently regulate them to stop market manipulation and fraud.
Cryptocurrency critics and advocates of Tron are divided on the potential of the project. Hype, potential, fears and doubt all shape the market price of a cryptocurrency, as does the market supply, and Tron is no different.
Detractors of Tron say that the coin has a circulation of 65 billion coins, too much for it to have any significant monetary value. By contrast, Ripple has a circulation of arond 38 billion. They also say that Tron is just an idea that is yet to be implemented, so no one can truly tell if it will be a success.
They have also pointed to the project’s “whitepaper” as one that bears hallmarks of other projects. But Sun has used his social media presence to add a sheen of transparency to the coin, challenging the claims of copying other projects and dampening the “FUD” (fear, uncertainty and doubt) around this coin.
There are day-traders who are trying to make money from cryptocurrency, buying low and selling high, but there are others who believe in the technology they are buying into.
Tron is in the top 15 cryptocurrencies
Supporters of Tron on social media point to the plans of Sun, as well as his leadership of the coin, his Chinese connections and its position in the top 15 cryptocurrencies, as a sign of the potential that the coin and the Tron platform could have for the internet, be it for gaming, mobile apps or online marketplaces.
Whether Tron can shake up the Internet as Sun hopes remains to be seen. But what this coin has, like many others, is ambition to challenge the financial system and change the online space as we know it.
So cryptocurrency observers will be keeping an eye on Sun and his bid to surpass the Bezos’ and the Zuckerberg’s of the world, and investors will hope that the project that shares its name with the futuristic movie takes them to the stars.
NOTE: Investing in cryptocurrencies carries risks and anyone investing in the market should be prepared for volatility, a lack of regulation and even the presence of frauds and scams. Anyone considering such an investment should research their investment and be prepared to lose said investment.