5 REASONS WHY YOU SHOULD INVEST IN TRON (TRX) CRYPTOCURRENCY
TRON (or TRX) is among the newly-launched cryptocurrencies with an initial coin offering (or ICO) that was launched in September 2017. Since November 2017, the TRON coin has appreciated in value by over 2000% with a market supply worth around $65 billion and a supply worth $100 billion. Currently ranked #14 on various popular cryptocurrency exchange platforms, TRON offers plenty of investment potential to investors with an investment of only $12 million to double its price.
Here are five reasons why you, as an investor, must invest in this fast-growing cryptocurrency:
The team behind TRON
TRON has been created by TRON foundation, a Singapore-based non-profit organisation initially inspired by Sir Tim Burners-Lee. The CEO of the company, Jusin Sun is known to be the prodigy of Chinese billionaire and founder of Ali Baba e-commerce company, Jack Ma. Besides this fact, Jusin Sun is also known for:
• Founding the Peiwo smartphone app
• Being listed in the Forbes Top 30 (under 30) from 2015-2017
• Representing the growth of the Ripple cryptocurrency in China
There are strong speculations about a possible partnership between TRON and Alibaba, which would be a major boost to this cryptocurrency.
Distributed content
The TRON platform is aimed at providing a decentralized platform for distributed content around the globe. This will challenge centralized content distribution platforms like YouTube and Google, which currently have a monopoly over all content distributed by users. TRON will allow users to not only publish free content but also own their content.
Cheap transactions
Thanks to its UTXO-based trading models, TRON-based transactions are fast (with over 1,000 transactions per second) and practically free (at 0.000005 cents per transaction). By comparison, the transaction fees for Bitcoin and Ethereum is currently $5 and $1 respectively.
Independent Blockchain platform
With the successful main net launch of the TRON currency on May 31st, 2018, TRON will be equipped to provide more capabilities as an independent Blockchain platform and not limited by its Ethereum network. Thanks to the multiple services and advantages of its blockchain technology, TRON offers bullish trends on its current trading prices, with industry estimating that it can reach a high price of $0.08 or even $3 by the end of 2018.
Support by Bixin
Established in the year 2014, Bixin is among the world’s largest blockchain-based cryptocurrency wallets providing support to leading cryptocurrencies such as Bitcoin and Ethereum. In a recent announcement, Bixin has offered its support to TRON-based blockchain upgrades and token migration.
Being a safe and convenient mode of cryptocurrency trading, the support by Bixin and other major digital exchange platforms like RightBTC bodes well for TRON investors.
Conclusion
Similar to penny stocks offered on Wall Street, the ICO launch of cryptocurrency coins like TRON and BAT coin is gaining market momentum and are seen among the best emerging investment opportunities for investors. Rated among the top performing coins in 2018, TRON is backed by the right management team and is set to grow significantly in the near future.
By Vijay C