Over the past few years cryptocurrency investment has grown at a rapid rate. Before the most recent
drop bitcoin was valued well over $60,000. Not only does this signify more mainstream interest
in crypto, along with increased legitimacy of the crypto as a concept but it’s also acted as
an unintentional entry barrier due to the high price. This has led many new investors down the
path of altcoins as they look to maximise their gains. One of those alt coins is tron and in this
video we will dive into the coins properties and its price prediction; but first please
subscribe to the channel and press the bell icon to stay across the latest videos from Kalkine!
Up until the recent dip which is hammering the entire crypto space, TRON had been riding
high – enjoying a bullish streak for the best part of a month. On the 29th of September TRON
was trading at 8.3 us cents before hitting 12.79 cents on November 15. Despite the current dip,
TRON has faired relatively well – having yet to fall below the 10 cent support level despite
enormous drops all around it. I’ll take a look at the price prediction in just a moment – but
with the coin holding firm in the present – let’s go back and check out its past.
HOW DID TRONG COME INTO BEING?!
TRON the brainchild of Justin Sun, is a decentralised blockchain ecosystem, which was
originally designed for the Ethereum network. Its in-house token is Tronix or TRX, and the crypto
aims to create a decentralised entertainment and digital content sharing ecosystem. It can host
DApps and smart contracts and anyone can launch their own content on the blockchain network in
a manner that is efficient and cost effective. In other words, there’s a lot of potential with TRON.
Adding to that potential is TRON’s recent colaboration with alchemy pay. Alchemy pay is
the leading global payment gateway solution which links fiat and crypto economies. The agreement
will result in Alchemy Pay integrating TRON coin into its crypto-fiat gateway,
thus allowing TRX to be accepted across its global merchant network. Also, the Tron Foundation would
support Alchemy Pay in relation to its technical resources, cross-community promotions and more.
So with all that said – what is in store for TRON’s future and what’s the price prediction?
Well with the current market dip – experts are unable to tell whether bitcoin will plummet to
20k or reach another new high of 80k US. Bitcoin tends to hold the keys for the entirety of the
crypto market, so when it struggles or boons the market tends to follow suit.
Given the backdrop of BTC’s past week – bold predictions about altcoins are hard to make.
With an all time high of just over 30 cents, TRON still sits at just a third of that record.
The 2021 trend more broadly has been the surging of altcoins – if the market stablises it’s likely
that TRON will continue growing at a strady rate. It’s Currently ranked 25th among major
cryptocurrencies of the world, and analysts and crypto experts are still predicting bright
prospects for the TRON token in the future. If Bitcoin reverses its current fortunes,
estimates place TRON at hitting the 50 cent mark at some point in 2022.
[w] Long term, given the networks utility, it’s believed TRON is a potential multi dollar coin
due its existing partnerships, strong scalability and aggressive marketing and business team. [e]
If you enjoyed this video please like, share, subscribe to the channel,
drop us a comment about what other crypto related info youd like us to look at and
press the bell icon to stay across the latest videos from Kalkine. For more info just head
across to the website, kalkinemedia.com – im james preston reporting for kalkine.