How Long Until TRON (TRX) Gets to $1?

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RamboLambo
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How Long Until TRON (TRX) Gets to $1?

Tue Jul 17, 2018 10:07 pm

As one of the world’s top cryptos, TRON (TRX) has been under the spotlight a lot lately. Not only did it successfully manage to launch its MainNet, but it also held one of the largest token burns in crypto history. Tron is entering large partnerships with even larger entities every week, and it even managed to purchase BitTorrent recently.

Despite all that, however, its price still continues to evade the increase that TRON enthusiasts are waiting, and many have started to wonder just what is going to happen to it. For now, TRX, just like all other cryptos, is struggling with a mainly bearish market, which only allows short periods of recovery. However, this situation will not last forever, and the situation is bound to become better eventually.

When it does, what can we expect of TRX coin’s value? Many have tried to give their predictions, but before tackling this question, let’s make sure that everyone is on the same page.

A bit about TRON (TRX)
TRON (TRX) is a crypto created by Justin Sun. Its goal is to change the way the entertainment industry works and to become the dominant force in this field. Its platform focuses on content sharing without the need for the third party, and large middlemen like YouTube, Facebook, and alike.

Even though it was created on Ethereum’s network, and has spent most of its life as an ERC-20 token, it successfully launched its MainNet in June, and it transferred all of its tokens to their native blockchain. The ones that were left behind were burned, as mentioned previously, and the event included burning of 1 billion worth of TRX.

TRON’s blockchain is extremely fast, and it can handle over 1,000 TPS (Transaction Per Second). It uses a PoS consensus mechanism, as well as Lamport Algorithm, that is being used for wallets. TRON also has a large and extremely dedicated community that is constantly refreshing their Twitter in expectation of Justin Sun’s new progress announcements.



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