Tron Coin is one of my favorite altcoins for 2020. It is right up there with Cardano, Litecoin, and Ripple. I am an 30 year old investor. I also explain how to buy cryptocurrencies!
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Let starts with a small overview about Tron, as in What is Tron and who created it.?
Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX).
Who created Tron?
The Tron blockchain was created by Tron Foundation, a Singapore based organization that is currently headed by Justin Sun.
Tron came about after a successful (ICO) Initial Coin Offering which raised over $70 million in September 2017.
TRON price today is $0.02089391 with a 24-hour trading volume of $435,286,518. TRX price is up in the last 24 hours. It has a circulating supply of 66 Billion coins and a max supply of 99.3 Billion coins. Binance is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as tronscan.org, trxplorer.io, and trx.tokenview.com.
Anything is possible, especially in the cryptocurrency market. TRX reaching, or surpassing $1.00 in value is very possible. TRX will outperform BTC and break all time highs of more then a $1.
This might interest you that Binance Research have expressed that, based on their recent research that TRON could become one of the coins on everyone’s agenda. They have given a few supportive data in view of their claim.
The Bottom Line
Tron’s clearly outlined long-term vision with date-tagged milestones, and the increasing popularity of digital content with the promise of lower costs makes it a promising endeavor in the blockchain space. Its prospects are also boosted by a solid backing of rich and established Chinese investors.
With many developers from the Jack Ma-led Alibaba group joining Tron’s development team in late 2017, there are rumors that a partnership between Tron and Alibaba may be in the works. It will be interesting to see how Tron evolves to meet these expectations.`
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