by Hodler Ash 
What Is Tron? Tron Price Prediction 2023
Due to democratization and the plannings to introduce regulations for the gold by many governments people starts to feel insecure. They were no longer feel safe about storing wealth in the form of money because its values can question by any government at any movement.
They search for new methods for saving their wealth and surly their interests turn into cryptocurrency. Crypto world is an amazing universe It may make you a millionaire in a short span. cryptocurrencies are not any countries internal affairs. It is accepted all around the world. So no country can stop its growth.
But there raises another problem, we heard about cheats in the crypto world. Many cryptocurrencies are unstable they can fall in any movement. Thus the name Tron came important. It is a platform where you can confidently deposit. It is a secure and growing platform. Let talk more about Tron:
What Is Tron?
Tron is a decentralized blockchain-based amusement platform that aims in constructing a free, international digital content amusement policy with distributed storage technology and allows simple and cost-efficient sharing of digital quantity.
Tron was established in September 2017 by a Singapore based non-profit organization named as the Tron Foundation. Which is headed by Justin Sun and has a devoted in-house development team with renowned technology experts, The Tron network owned its own cryptocurrency called Tronix (TRX).
One can purchase Tronix on exchanges like Liqui and Binance by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not possible at present. It can be stored on wallets that support the Ethereum blockchain like My Ether Wallet.
Read: Various Bitcoin Facts And Figures
Content consumers can use TRONX to pay for the content they want to access. These coins would then go to the content producer’s accounts, where they can be exchanged to other cryptocurrencies or can be used to pay for blockchain services.
In February 2018, market capitalization ranked TRX in 15th position on the list of largest cryptocurrencies.
How it is different from other coins?
As a content related create it illustrate an analogy with a real-world application, for example, take Netflix, which operates a digital entertainment service offering on-demand content. A single organization controls the services in a centralized manner. One may need to subscribe and pay Netflix to watch a particular on-demand movie that may have been produced by a group of budding enthusiasts who are hosting it on the Netflix platform. From the fee charged to the subscriber, Netflix takes a cut for hosting the movie on its platform and pays the remainder to producers. Often, the lion’s share is taken by the middleman.
Tron replicates this business model on a public blockchain network and acts as a distributed, decentralized storage facility that makes it more efficient and cost-effective. It aims to eliminate the middleman, like Netflix in the above example, by allowing anyone and everyone to host digital entertainment content on its blockchain-based network. Global customers can directly pay the content creators to access the content.
Read: All You Need To Know About Bitcoin Pizza Day
In the process, Tron’s open, decentralized platform and distributed storage technology also attempts to address a significant issue the challenge of a very few and powerful corporations controlling the Internet and its content making it a level playing field.
The use of blockchain technology is limited because of the problem many developers face in understanding to build from scratch on entirely fresh protocols. Tron is constructed to ease this transition and therefore accelerate the decentralization of existing platforms and the formation of new dApps.
Tron all time high
from January 1, 2018, to March 31, 2018, Tron reaches its all-time high. Let look close to that period of time. At the start of 2018, TRON had a market cap of 2,937,741,011 USD.
Tron’s had long term vision with clear and great milestones, and the increasing popularity of digital content with the promise of lower costs makes it a favorable experiment in the blockchain space. Its possibilities are also boosted by the strong backing of wealthy and established Chinese investors.
On Jan 5, TRON reaches its ATH and had a market cap of 18,279,969,953 USD. A lot of people had FOMO at that time because they were afraid to miss the train for TRON to hit $1 within a week if this trend continues. Unfortunately, the hype exceeds the reality that time and the market crashed. people started panic selling , whales were dumping to reduce TRON’s price back to $0.046464 (0.00000432 BTC) on Jan 17, 2018. There were some ups and downs afterward slowly bringing TRON to its All Time Low (ATL) on March 18, 2018.
Read: Introduction To Blockchain Technology
However, TRON’s price didn’t stay for long there and had a rebound because it was less than 2 weeks before the launch of TRON’s test net. On this date, the TRON Foundation and Justin Sun also made a tweet announcing TRX will be added to OTCBTC on Mar 20. OTCBTC is the largest over-the-counter (OTC) exchange in Asia.
TRON test net launched on Mar 31. As it approaches the launch of the test net, the price of TRX gained momentum and reaches about $0.05 just before the test net, and the price dropped afterward. On March 31, TRON made a market capital of 2,713,914,440 USD
Tron price prediction 2023
Its price prediction depends on its acceptance ratio. So, by 2020 many more organizations will become able to adopt its technology, which will make TRONX more beneficial. It is going to be accepted by startups especially the publishing startups or music startups. You can convert BTC to TRX at the best rate at CoinSwitch.
The TRX value is predicted to view some increase in May as investors witnessed a comeback in recent days before a slight revision. TRON price prediction suggests that the TRON price is high for a long-term 1325.589% in the TRX price value with a short span of 5-year investment. That is by the year 2023, the TRON Price is predicted to reach $1.
4 Comments