TRON (TRX) – Investors and cryptocurrency traders are always looking for coins that can gain good value within a given period of time. TRX cryptocurrency is one of the coins that have grown considerably. This coin is definitely creating a lot of attention in the cryptocurrency market. TRX makes use of blockchain technology for its operation. As expected from a blockchain platform, TRX has one of the easiest platforms where people can establish contracts. Just like other cryptocurrencies, there has been so many times where the coin has experienced fluctuations and volatilities. One of such occasions, it grew about 3,500% just within a month. That’s how volatile the market can be.
TRON MAINNET IS ALIVE! https://t.co/sPWPznBV8Q
— Tron Foundation (@Tronfoundation) May 31, 2018
Current level at the cryptocurrency market
TRX is one of the cheapest highly ranked cryptocurrencies to invest in. It is ranked at number 9 at the Coin MarketCap. But one of its strongest points is the fact that investors can buy at a small value and expect substantial gains in the nearest future. As the coin increase in value and relevance, more developers and investors have started showing interest. At the moment, the value of the coin is still in its infancy stage. A single unit is valued at $0.064. Experts and market analysts have predicted that the coin will climb above $1 in the next 2 to 5 years. It could even be less than that, considering the level of volatility in the cryptocurrency market. This is certainly a great time for investment on the coin, especially for those who want long term gains.
However, a lot of investors are beginning to wonder why the coin is always on the red line despite the fact that Mainnet was launched on 31st of May. But experts have predicted a positive market return and a turn around of the coin in few days time. This assertion was based on the coin’s current performance against other cryptocurrencies in its peer. It has been predicted that the current market cap of $4.2 billion will increase to about $36 billion before the turn of the year.
Partnership and future outlook
Investors and market experts believe the launch of Main Net will have a massive impact on the coin’s overall performance in June. Apart from this launch, TRX has partnered with a good number of content entertainment companies such as Game.com, UPlive, oBike, as well as Bitmain. All these are aimed at providing the perfect structure and platform for TRX to grow and establish itself as a top cryptocurrency.
TRX is also partnering with vSports for the development of a better sports and sports ecosystem. With all these new partnerships, it seems the developers are not relenting in their efforts to take TRX to a higher level. The partnership can also enable TRX drive its confidence and popularity that will ensure future collaborations and the expansion of the platform.
Even as all these are going on, the developers do not want to leave any stone unturned in their quest to take TRX to its destined heights. The developers are setting up the TRX platform to assist content developers publish their contents with no restrictions. This step is to provide great flexibility on the use of the platform. There’s no doubt that this move will certainly give TRX a stronger base on the cryptocurrency market.
One of the reasons why they had to make the platform available without restrictions is to lure more users on the platform. As users of the platform increase, the value of the coin also increases. This makes it a serious viable option for investors looking to put aside certain amount of money to invest for long term gains.
Activities and opportunities for growth and expansion
Justin Sun, the cryptocurrecy founder, stated that the aim of TRX is to make operations easier for all. He emphasized that TRX was developed to compete favorably with other top cryptocurrencies. He further went ahead to state that the coin will be open to several partnerships that will give it the exposure it needs. And truly, Justin Sun is making the right connections. His relationship with Alibaba founder, Jack Ma, is a good indication of a right sense of purpose. With all these developments going on for TRX, it’s hard to believe the coin will ever find itself in the red line for too long.
— Justin Sun (@justinsuntron) June 1, 2018
Regarding the MainNet launch, it’s expected to bring potentially huge adoption because of the simplicity of the platform. Even if the coin may not cross the $1 mark, it will still be a success this year if it can reach its previous highest value. With that, investors will believe the coin has done considerably well.
But just like every other coin in the market, there is always volatility, and there are other factors that can affect the performance of a cryptocurrency at any given time. When it comes to efforts, TRX developers have really made efforts to see that the coin breaks the $1 mark and consolidate for more gains. A lot can happen within a short space of time. Presently, the TRX cryptocurrency is undergoing series of challenges, and majority of these challenges are from the cryptocurrency market. Most coins are not doing well at the moment, and this affected TRX too.
If you are in the Tron community, vote for @team_tronics. Why? Because they are one of the few teams attempting to give back to the crypto community. Also, there are a couple of beautiful women on the team who promised to send me their phone numbers. So vote for them or else!! pic.twitter.com/EYZdOZTzsv
— John McAfee (@officialmcafee) May 29, 2018
It’s expected that the market will return to a bullish circle at the beginning of the new month, if all things remain equal. But TRX in particular is expected to rise above some of the top coins because of the high volume of TRX units a prospective investor can buy. Apart from that, the partnerships the developers have had with several cryptocurrency trading authorities will surely pave way for growth of the coin. Investors who can hold on to the coin for some time may stand to reap the bbenefits of an uprising coin. Overall, TRX is already one of the top cryptocurrencies in the world, and there are opportunities for growth and expansion.
With these activities and events going on, investors and market experts believe that TRX will not easily go down, as some people are thinking. For some investors, TRX has gone beyond its poorest value and the only place to move is upwards.