Why 2021 is the Best Time to Invest in Tron (TRX)?
Is Tron a good investment?
Cryptocurrencies are trending left, right and center. People are flocking to buy, sell, and trade in millions globally. The digital coins and assets have gained the attention of everybody from the entertainment industry, governments, developers, companies, etc.
As per a report published recently by PWC, one of the largest professional services firms
“five key market participants: merchants and consumers, investors, tech developers, regulators, and financial institutions, will play key roles in the evolution towards a new phase of cryptocurrencies.”.” (Ref. PWC)
Given its upward trend, you should invest in one of these tokens, and to solve to puzzle for you, we will discuss one particular crypto in this passage. The crypto is Tron(TRX) of TRON Foundation, one of the most promising entrants in crypto tokens.
What is Tron? Brief Summary
Tron was started by Mr. Justin Sun in 2017 as a non-profit entity. Initially, it was available for Asia only, later expanded for the global people. It is a blockchain mechanism with a decentralized protocol. It has its cryptocurrency known as Tronix or TRX.
Tron primarily focused on the entertainment industry. It enables cost-effective file-sharing through a digital medium. Recently Tron has crossed fifty million accounts in August 2021. Tron is user-friendly and you can store these digital assets and coins in a mobile, desktop, hardware wallet, etc.
The blockchain firm was founded by Justin Sun, who is now the CEO of TRON. He attended Peking University and the University of Pennsylvania before being selected to Forbes Asia’s list of 30 Under 30 entrepreneurs. He was born in 1990 and formerly served as Ripple’s Greater China chief representative.
TRX holders can freeze their coins in order to gain Tron Power, which allows them to vote for “super representatives” who act as block creators. In exchange for confirming transactions, these block producers get TRX rewards, which are then allocated to those who voted for them. TRON claims that this approach allows its blockchain to attain better levels of throughput.
Best time to invest in Tron(TRX)?
TRON has a total supply of just over 100 billion tokens, with around 71.6 billion in circulation at the time of writing. When a token sale was launched in 2017, 15.75 billion TRX was given to private investors, with a further 40 billion reserved for participation in initial coin offerings. Justin Sun’s company received 10 billion, while the Tron Foundation received 34 billion. Overall, 45 percent of TRX supply went to the creator and enterprise, with the remaining 55 percent distributed to investors. Critics say that this is a substantially greater ratio than has been seen in other cryptocurrency efforts.
Tron Foundation Launches $300 Million Fund To Invest And Incubate GameFi Projects — August 10, 2021
The Tron Foundation has put $300 million into the Tron Arcade fund to encourage the creation of GameFi games that allow users to earn cryptocurrency while they play. The fund, which was established in collaboration with APENFT and WINKLINK, will support the development and implementation of these projects over the next three years. This approach, however, will foster decentralized finance and NFTs within Tron, in addition to increasing the in-game economy.
Start Investing in Tron(TRX)
To start investing in Tron(TRX) and other cryptocurrencies, you must first create an account with a cryptocurrency exchange that allows you to buy Tron in India, sell, trade, and store. A cryptocurrency exchange broker is a website that allows you to trade Tron in India and other cryptocurrencies. If you want to buy Tron in India and get the best Tron price in India quickly and effortlessly BuyUcoin Exchange! is one for you. You can even invest in Tron using your MasterCard, Credit Card, UPI, or NEFT.
Is Tron(TRX) a good investment in 2021?
Tron was an initiative to eliminate middlemen from the entertainment industry. The purpose of the building was to share the digital files directly with consumers without going through a third party. Tron is a direct head-on with giants such as Amazon and Netflix.
Their slogan is “decentralize the web” and it gave the excellent momentum for its growth and acceptance.
Tron crossed 2.3 billion transactions as of 9th August 2021.
🎉The number of daily transactions on #TRON reached 9,298,611 on July 28th, setting a new record high!!!
💪#TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web. #TRX #TronNetwork #JustinSun pic.twitter.com/bl8TQiI6Ap— TRON Foundation (TRON Foundation) July 29, 2021
In another news update, the Social NFT platform has partnered with Tron. This partnership will allow creators from diverse fields such as musicians, artists, gamers, athletes, etc to engage with their fanbase, share new releases using digital assets like social/fan tokens and NFTs.
With positives come negatives. There are some accusations of doing roundabout Tron such as an accusation of plagiarism, similarities with other crypto networks, creator’s statements, etc. High acceptance among investors, developers, and a new account every three seconds are pretty sufficient proofs to counter these allegations.
Why invest in Tron(TRX)?
TRON has positioned itself as a platform where content creators may directly connect with their fans. It is believed that by eliminating centralized platforms — whether they are streaming services, app shops, or music sites — producers will wind up losing less revenue to intermediaries. TRON may have a good start in adopting blockchain technology to the entertainment business, given how it is increasingly becoming digitized. The company also claims to have a competent and experienced developer team based all over the world, drawn from prominent corporations such as Ripple Labs.
- Tron started with the core idea of creating an entertainment network similar to the google play store. Developers can program their entertainment applications and directly communicate with end-users without middlemen.
- TRX is the native currency of the Tron platform. TRX can be utilized for transactions for extraction of blocks and paying for the content on the network. Tron also supports TRC10, TRC20, and Tron Power.
- Network fee on Tron is mostly free because of unique parameters of bandwidth and energy. In some cases when you exceed the bandwidth, fees are negligible.
- Users can easily migrate projects to Tron with smart contracts, Tron tokens, and virtual machines (TVM).
- The creation of digital assets and coins is comparatively simpler. There is no commission and you need only 0.1 TRX for a new account. As per recent data, one new block is being added every three seconds.
- Developers have multiple options to program decentralized applications. Apart from the main programming language, java, you can use C++, Python, Scala, and Go.
Worth buying Tron(TRX) in India?
The Great Hackathon project of 2021 is one of the most compelling reasons to consider investing in Tron. This is an initiative aimed at increasing the amount of decentralized apps (DAPPs) running on the TRON network.
If the DAPPs are effective and generate large trade volumes, the price of TRX may rise because it is the token that runs the entire TRON network. One thing to keep in mind is that the Great Hackathon is only one of 10 to 20 reasons why investing in Tron could be beneficial in the long run.
TRX Price Forecast 2021–2022
As per the study and research by Ripple News, TRON's price will very probably rise in the coming year as the project expands. According to Wallet Investor, a price of $0.12-$0.16 can be projected in mid-2021, with a considerable increase in price from $0.1741-$0.1930 predicted by the end of December 2021. Prices will remain roughly the same till 2020. Analysts believe that if the bull run occurs near the end of 2020, prices will rise above $0.20.
The cryptocurrency market is very volatile. The trends depend upon sentiments, global events, local regulations, etc. Given the volatile nature of the market, Tron is doing great and has high goals for the future. If you have invested in Tron or plan to invest in Tron, you are going to be prosperous if we can take current trends as an indication of the future rally.
Developer teams are working to complete six phases successfully and if that happens, Tron will make entry into the market capitalization. Tron is focused on the entertainment industry, an industry that is growing rapidly. Industry’s growth will boost demand for Tron and further investors will become participants. These are all good indications for the prosperous future of the Tron network.
Note: Do not regard this as financial advice; in fact, customers are recommended to perform their own research before considering investing in cryptocurrencies, as the cryptocurrency markets may be highly volatile.