Tron’s (TRX) is one of the best performing cryptocurrency on the market right now. TRX is used on a decentralized Tron blockchain which is aimed to create a free global entertainment platform where users have control over their data. They can own, upload, store and publish data. Tron is a not for profit company based in Singapore.
Majority of Tron’s trading takes place in Binance which is one of the largest cryptocurrency trading platforms in the world. Tron’s ambition is to take over the entertainment industry present online which is valued over $1 trillion.
As Tron is the fastest growing cryptocurrency, TRX has caliber and potential to grow in the market as it brings in a real-world application. If the predictions conducted by analysts are true the crypto-currency will see a great turning point by the end of this year.
TRX tokens will be used in DApps that are present for the entertainment industry such as gaming, content creation and social media in the Tron Network.
Analysts have predicted that the value of the digital currency has the potential to increase to $3.75 by the end of this year. They also predicted that the price of Tron might hit the $12 mark by the end of 2020. Based on the analysis of the present value of the digital currency, they have also predicted that by 2022, the value of Tron could get to $52.91.
The CEO of Tron, Justin Sun recently stated that newer projects are on their way. The firm will be adding a blockchain project working towards developing a custom token to drive the BitTorrent network. BitTorrent users that share files will be rewarded based on the bandwidth of their contribution.
“Project Atlas will connect the Tron (TRX) blockchain network and the P2P network of BitTorrent through a series of BitTorrent protocol extensions.” said Justin Sun.
Tron is a new project with a lot of potentials, and it has secured a lot of partnerships too. Its partnerships and advantages could play a vital role in its value in the coming weeks, months, and years. With the rise in TRX transactions, the increase in the value of TRX is inevitable.