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Tron Price Prediction: Should you Invest in It?

Tron (TRX) is one of the most popular cryptocurrencies currently. In terms of market cap, it is the 28th-largest cryptocurrency (over US$6.8 billion market cap). Now, the question comes should you invest in it? Is it a good investment? What will be its price by the end of 2021 or 5 years later (2026)? To answer all your queries, let me walk you through Tron TRX, its fundamentals, and the TRX price forecast. 

TRON (TRX): What Is It?

TRON is a blockchain-based OS (operating system). Its main aim is to ensure that it can be used on a daily basis. In fact, this blockchain based operating system is capable of handling more transactions per second (TPS) than both Bitcoin and Ethereum blockchains. The CEO of TRON, Justin Sun, is the founder of TRON Foundation, network and platform. 

TRON can handle up to 2,000 TPS, much more than that of 25 TPS of Ethereum and 6 TPS of Bitcoin. This decentralized platform focuses on both entertainment and content sharing. The biggest acquisition TRON made was back in 2018 when it acquired BitTorrent, one of the leading names in file sharing. 

There are six phases of TRON’s goals, which includes the following:

  • Deliver simple distributed file sharing.
  • Drive creation of content through financial rewards.
  • Allow content creators to launch their own crypto tokens.
  • Decentralize the industry of gaming. 

Tron network has also become the most popular blockchains among developers because it helps to build decentralized applications (DApps). 

TRON (TRX): Facts & Figures

All these facts and figures (as of Oct 18, 2021) will help you to make a decision on investing in TRON:

  • TRON TRX Price: US$0.09777 (Current Price)
  • Trading Volume (24h volume): US$1,268,298,827
  • All-Time High (ATH) Price: US$0.3004 (reached on Jan 05, 2018)
  • All Time Low (ATL) Price: US$0.001091 (reached on Sep 15, 2017)
  • 24h Low: US$0.09655
  • 7d Low: US$0.09161
  • YTD (Year-To-Date) Return: 262.16% YTD (Year-To-Date)
  • Market Cap: US$7,006,226,273
  • Crypto Rank (in terms of market cap): 28
  • Fully Diluted Market Cap: US$9,842,050,182
  • Max Supply: ---
  • Total Supply: 100,850,743,812
  • Circulating Supply: 71.66 Billion TRX

What Makes TRON Unique?

  • TRON protocol has enabled content creators to directly connect with their audiences. This has helped to eliminate centralized platforms such as music sites, app stores, streaming services, and other intermediaries. Therefore, the TRON ecosystem ensures that the content creators don’t lose commission to intermediaries. This will, in turn, help consumers to get content at more affordable prices. With the entertainment sector becoming more and more digitized, TRON has placed itself as the perfect medium to make this increasingly digitized entertainment sector more blockchain technology dependent. 
  • TRON has a transparent plan for development, which provides a roadmap showing what it wants to do in the coming years. 

How Is the TRON Network Secured?

TRON platform uses a delegated proof-of-stake consensus mechanism. The owners of TRX tokens can get Tron Power by freezing their cryptocurrency. This means that these owners have voting rights to elect “super representatives”, who work as producers of blocks in the Tron blockchain. 

These block producers are entrusted with the work to verify transactions and in return they receive TRX tokens as rewards. Once they receive TRX rewards, they distribute the rewards among the people who voted for them. TRON says that this delegated proof of stake consensus mechanism approach helps the blockchain in achieving higher throughput levels. 

Where can you Buy TRX Tokens?

You can buy TRX coins in almost all reputed cryptocurrency exchanges and trading platforms  including:

  1. Poloniex
  2. Bancor
  3. KuCoin
  4. Binance
  5. Bitfinex
  6. Coinbene, and others.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of TRX are:

  • TRX/EUR and many more.

Before investing, check out historical data of token TRX, crypto news, TRON price charts, TRX to BTC or TRX to USD (United States Dollar) exchange rate, and others.

What are the Best Crypto Wallets to Store TRON TRX Tokens?

The best TRX wallets to store FIL coins are:

  1. Ledger Nano X (Hardware Wallet)
  2. Trezor Model T (Hardware Wallet)
  3. Trezor Model T (Hardware Wallet)
  4. Trezor One (Hardware Wallet)
  5. Atomic Wallet (Desktop Wallet)
  6. Keepkey Wallet (Hardware Wallet/Web Browser Wallet)
  7. Sugi Wallet (Hardware Wallet)
  8. Eidoo Wallet (Mobile Wallet/Desktop Wallet)
  9. Cobo Wallet (Mobile Wallet/Hardware Wallet)
  10. Tronscan Wallet (Web Browser Wallet)

Invest in TRON (TRX) and Other Cryptocurrencies

You can buy and sell TRON TRX and other virtual currencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs, and bitcoin cash markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, coin price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin price, Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.