(Updated in October 2018) Tronix (TRX) refers to one of the most recent cryptocurrencies in the digital market, Tron. Its decentralized technology (Blockchain) seeks to build a free global entertainment system where users own, upload, send, store, and publish data. Tronix supports all other virtual assets. According to recent statistics, TRX saw an increase of over 500 percent in the past year with a current price of US$0.023.
Around 90% of TRX trading takes place on the Binance digital exchange. You cannot buy or sell Tron in Coinbase.com, regarded as the most common exchange worldwide. Read on our Tron price predictions for 2018 to learn more about the evolution of this new cryptocurrency.
What are the Tron Price Predictions for 2018?
One of the upbeat tron price predictions states that Tron can grow considerably in the cryptocurrency market. Only several weeks ago, the currency surged from a mediocre ranking of 56 to 17 on the CoinmarketCap.com website and now is on 11th.
It just shows the brighter prospects for Tron with potential benefits as long-term advantages. This digital asset maintains the capacity to provide investors with maximum returns. In fact, some observers came up with their Tron price predictions for the next three years (2018 – 2020), which seems viable.
Steady Long-Term Venture
Walletinvestor.com initially forecasted that TRX could prove to become a consistent long-term investment. However, after the recent price drop in the autumn of 2018, experts believe investing in Tron is risky.
Last January 1st, one Tron = US$0.0824, which means buying TRX for US$100 nets you 4621.953 (TRX). The price scenario for January 17, 2023 = US$0.000013. However, one visitor of WalletInvestor is confident that Tron’s impressive evolution since it’s been launched practically guarantees its success in the long run.
TRX will Outperform Other Virtual Assets
Now, look at one of the more interesting Tron price predictions published in Forbes.com in December 2017. Tron grew faster than all other cryptocurrencies. TRX surged and outperformed even Bitcoin and ETH making it a possible investment. Tron relies on significant and rewarding collaborations with corporations listed in the NASDAQ stock market which impacts its price positively.
Tron announced it forged an agreement with a sizeable bike-sharing firm based in Singapore, oBike with 10 million members in Asia, Australia, and Europe. The Singaporean enterprise will use a token based on the Tron platform (oCoins) for paying rides. Rumors also surfaced that Chinese conglomerate Alibaba seeks a possible partnership with Tron as a result of connections between Justin Sun (Tron) and Alibaba’s Jack Ma. Alibaba listed with NASDAQ in 2014 with the most extensive Initial Public Offering (IPO) worldwide.
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Increased Value Make TRX a Good Option
Here’s another of the fearless Tron price predictions: Predicting whether the currency will fly to the moon or collapse looks impossible. However, look at these statistics:
- It dropped 2.12% during the last 30 days.
- The currency stayed pretty much the same in the last week.
All in all, the crypto asset increased in value by US$0.88 since its creation to its peak point, or a variation of 4,365.82%. Can Tron reach the same rank as Bitcoin or even overtake the BTC? At this time, TRX trades at 0.00000361 BTC. To achieve the current price of Bitcoin (US$6,477), TRX needs to increase by 361,000%. Given the price variance of 5.95%, it will require over 19 years just reaching the current price of BTC. For TRX to achieve $0.10, the token must go up in price through the factor of 4.3 times. With the growth rate of 5.95% monthly, it would take around 6 months to hit the target of US$0.1.
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2018 Developments Pushes Tron Upwards
Some more of the exciting developments that can affect Tron price predictions to a great extent include probable and forthcoming short-term events. For the first quarter of 2016, reports surfaced regarding a potential partnership with a brand-new dating application that pays digital currency rewards to successful matchmakers. The app called Matchpool launched a booming Initial Coin Offering (ICO) in no more than 48 hours.
Later this month, Tron will supposedly get listed in a prominent exchange in Japan giving people more access to the TRX. However, the company did not yet release any details or official announcement about the venture. Within Q1, a coin burn procedure will take place meaning the value of one token will increase because of more demand and less supply.
Tron Price Predictions Point Out the Platform’s Future
TRON founder and Peiwo APP chief executive officer Justin Sun explained the six stages of Tron’s roadmap: Exodus, Odyssey, Great Voyage, Apollo Star, Trek, and Eternity. Mr. Sun stated the company aims to match Peiwo APP with TRX and finish the development of its principal chain. Next, it will optimize the system based on multiple web-based entertainment apps. Tron will be in the Exodus phase until the end of this year.
The objective of Exodus includes addressing the concern of accessing and utilizing personal data of users. In other words, Exodus becomes the cornerstone of uploading, storage, and dissemination depending on distributed and peer to peer content. Tron will offer users a free and dependable technology for publishing, keeping, and disseminating information.
The startup’s founder also revealed that from January 2019 until June 2020, the Odyssey stage would give incentives to content creators using Tron with reasonable returns for production and circulation of content. Following Odyssey, the company’s roadmap complex program involves four more phases up to the year 2027. When it comes to the entertainment industry, stakeholders see a very likely value per coin.
The system’s infrastructure will ensure the distribution of digital assets supported by a full set of decentralized structures, circulated exchange, independent gaming, projections, and game classification. Enabling content will result in the acquisition of virtual assets that will stimulate content allowing economically. At present, TRX relies on more than 300,000 users and supporters from several countries:
- The USA
- South Korea
- The Netherlands
- Hong Kong
Right now, the TRX’s listings include HitBTC, Liqui, Binance Gatecoin, and Ether Delta. The cryptocurrency looks at inclusion in other leading exchanges in the future. You should take note that the TRX value soared 93.5% dating back to November, which continued until the last day of December 2017. TRX’s current worth of US$0,023 surpasses early estimates of US$0,020. The mere fact that Tron rose by 40% in 24 hours made it the 11th most valuable electronic asset a few months ago. The market ceiling stretched to 0.086% higher compared to the previous period. TRON’s market limit stands at $1,528,620,333 and the online entertainment’s market value lingers at more than $10 trillion.
TRON and TRX as explained by Justin Sun look like a cryptocurrency with good potentials in the long-term. The TRON price predictions mentioned in this article seem encouraging enough. The TRON protocol, the Blockchain entertainment content system and natural economic system facilitates an unparalleled one on one interface between consumers and suppliers of electronic entertainment content.
Eager users and speculators can look forward to these Tron price predictions, and voice out their personal experiences or ask further questions regarding TRON and TRX. Tron strives to measure and encourage participants using virtual tokens for the first time thereby allowing the content ecosystem with this currency.