The cryptocurrency craze is taking the world by storm with the world’s leading digital currency, Bitcoin, leading the way. As the craze continues taking route, we have seen the launch of new cryptocurrencies with exciting projects that are getting investors all hyped and excited. One of these currencies is TRON (TRX).
According to the official Tron website, TRX is a blockchain-based platform that aims to decentralize the internet by constructing a blockchain-based platform for monetizing digital entertainment. This is to be accomplished using blockchain technology as well as distributed storage. With this technology, users of TRON can now publish, store, and own data freely, without relying on third parties like Youtube, Amazon, Apple, Facebook, and others.
Like other digital currencies, TRON is also aimed at easing international transactions.
Tron is the brainchild of a 26-year old tech entrepreneur named Justin Sun. The young techprenuer is a self-proclaimed protégé of Jack Ma, the Alibaba CEO and billionaire. Although Ma himself isn’t a backer of the digital currency, the founder’s reputation as his protégé is a sign that the coin will see a massive rise in the near future.
Since its inception, Tron has signed partnerships with a number of major companies including Baofeng, a Chinese video hardware and software provider and oBike. The coin has also struck partnership with investors like Wei Dai, the founder of Ofo, bike sharing company.
Tron is backed by a strong team that has managed to build a solid foundation for the coin. Besides Sun, the Tron team includes other key players like Lucien Chen, whose is Tron’s CTO and a former employee of Alibaba. Chen has also previously worked for top-notch internet companies like Qihoo 360, Netease, and Tencent.
In early December, Tron announced that two young developers, Yang Chang and Zhang Zhongwen had joined its team, both of whom have expansive experience in technical development.
Tron currently sits among the top 30 cryptocurrencies by market cap, with a total market of over $3.7 billion. As of writing this, the coin is currently trading at $0.057.
TRON Price Predictions
Before you can make any investment, there is a need to ensure that you carry out adequate research on the token you would like to make an investment in. additionally, an investor needs to confirm that they have indeed found the right investment, before proceeding to make their investments.
The main point to always remember is that you should not invest money you cannot afford to lose. Prediction is all about ensuring that you have made the right choice on the crypto you want to invest in. Do not make an investment that may, later on, disturb your way of life in the event that it does not pan out as initially thought.
It may not be possible to make an accurate prediction, but at the moment, TRON is considered to be a real steal, based on its current prices ($ 0.057). But prior to jumping ship and taking a risk, ensure you carry out enough research. This will involve determining how much you are willing to risk, or you can afford to lose.
Recently, Tron’s founder, Justin Sun, said that there is a chance they could implement some coin burn which would significantly reduce the number of coins in circulation. TRON is definitely going to be huge and might end up changing the world. I believe that if you hold for a while, you might reap big as the coin has the potential to hit $1.
TRON is based on the decentralized protocol used by blockchain technology. It, therefore, comes with all the benefits associated with this tech. With it, you are in a position to create a global free content entertainment based system operating on blockchain technology.
Right now, TRON is listed on major exchanges like Binance, Hitbtc, Liqui, Gatecoin, and EtherDelta. The cryptocurrency is expected to be listed on other exchanges, which will further increase its price. Currently, Tron has a total supply of 100,000,000,000 TRX with a circulating supply of 65,748,192,476 TRX. It currently has a market cap of $3,700,610,714. Clearly, TRON has plenty of room for growth and so its value might rise in the coming years.
Where to Buy TRON?
A number of exchanges that have listed Tron include Binance, Coinnest, HitBTC, Gate.io, Yobit, and Liqui. Approximately 62% of Tron trading is done on Binance, one of the largest crypto exchanges. On these exchanges, you can buy Tron using base currencies like BTC or ETH.
Simply sign up on these exchanges and buy or trade Tron.
How to Buy Tron on Binance (A Step-by-Step Guide)
1. If you’re not currently registered on Binance, you need to first create an account. To register on Binance, you don’t need to provide any verification documents. All you’re required to provide is a valid email address and a password. After registering on the platform, you will be required to confirm your registration by clicking on the link sent to your email. Clicking on the link will confirm your registration and you will now have access to the exchange platform.
2. The next step is funding your account with a base cryptocurrency like Bitcoin or Ethereum. Binance is a strictly cryptocurrency exchange platform. This means that you cannot fund your account with fiat currency like USD, EUR, or JPY. To fund your account, click on the “Funds” tab and then click on “Deposits/Withdrawals.” You will see a list of cryptocurrencies. Search for the base currency you want to deposit. For example, if you want to deposit Bitcoin, click on the “Deposit” button on the left side of the coin. A unique address will be automatically generated. Now, copy this address and paste it on the exchange where you have some Bitcoins deposited or to your external wallet. After sending, the coins will appear after a few minutes.
3. The next step is exchanging the Bitcoins you have deposited for Tron. In other words, you will be buying Tron. To buy Tron, click on the “Exchange” tab. Search for the TRX/BTC pair. Scroll down and you will see where to buy Tron. Enter the amount you want to purchase. Click “Buy” and a pop up signifying a successful purchase will appear.
Your coins will be credited to the Tron wallet(Funds⇒Balance).
This information is by no means intended to be used as investment advice, a recommendation to invest, or as an endorsement to cryptocurrencies. Past performance of cryptocurrencies may not be indicative of future results. Cryptocurrencies are highly speculative investments and often involve a high degree of risk. Investing in digital currencies involve significant risks such as extreme volatility, market unpredictability, capital loss, high sensitivity to secondary activity, and vulnerability to hacking. Before investing in cryptocurrencies, it’s important that you obtain relevant investment advice and determine whether the benefits of investing outweigh the risks.