The use of digital currencies in payment applications continues pushing the global cryptocurrency market today. According to recent reports, the digital currency market will reach USD 1.40 billion by 2024. For an industry that started only in 2009 with the launch of bitcoin, this is a remarkable feat.
More people are ready to invest in cryptocurrencies. For instance, Coinbase, an online cryptocurrency exchange, accepted 11.1 million users in January 2018.
Tron Altcoin: The Ultimate Alternative to Bitcoin
With the increased global interest in cryptocurrencies, alternative coins have also emerged. Top among these is Tron (TRX). While Bitcoin and Ethereum hog most of the limelight in the market, Tron cryptocurrency has started creating waves for several reasons.
The decentralized, open-source digital currency has risen to become one of the Top 15 cryptocurrencies by market capitalization within two years of launch. If you want to invest in cryptocurrency, this is one of the most promising altcoins to consider.
The Tron Platform
Tron is the brainchild of Justin Sun, who launched the Tron Platform in 2017. The blockchain-based decentralized platform targets content creators and consumers by providing technology for easier, cost-effective sharing of content.
The platform leverages blockchain and peer-to-peer (P2P) network technology to eliminate the middleman in content distribution. It eases access to digital content for consumers and a better deal for content producers. Content makers can now produce content, store, and distribute it on the Tron blockchain for free.
Investing in Tron Cryptocurrency
Tron (TRX) comes into play as the currency used on the Tron platform. Consumers use these tokens to pay for content online. Content producers receive their collections directly to their accounts. The fact that Tron targets the entertainment industry makes it one of the most viable assets in cryptocurrency.
Justin Sun and the Tron Foundation have generated a lot of interest in their product through new technologies and innovations. Such developments have seen the price of TRX going up, allowing early investors to cash in and make money. Tron has already surpassed the technical breakout level, and the only way to go from here is up.
It is easy to buy Tron on a cryptocurrency exchange such as Binance and storing it in a secure wallet. This is the most popular way for people getting into the crypto market. You can buy the coins and later sell when the price rises.
The coin has grown steadily with some weeks witnessing a 2000% appreciation of its value. Tron’s market capitalization today stands at $954,953,030, making it one of the biggest cryptocurrencies.
In November 2019, the announcement by Justin Sun that he had invested in the Poloniex Exchange saw the prices of Tron (TRX) rise once again. Such price surges are common with every new development that touches on Tron.
Smartest Cryptocurrency Investment
Why should you invest in Tron currency? It is easy and straightforward to buy tokens on Binance and trade them when prices rise. The huge appreciation in value guarantees a good return, and this is the right time to invest.
By targeting the multi-billion dollar entertainment industry, Tron (TRX) has a solid vision for growth. The Tron platform and Tron (TRX) meet an urgent need in the industry. It is one reason for the continued popularity of the coin.
The Tron blockchain and Tron (TRX) are game-changers in the cryptocurrency industry. Tron cryptocurrency has witnessed rapid growth against a backdrop of continued innovation from the development team. The phenomenal surge in value and a solid vision makes Tron (TRX) the ideal investment in cryptocurrency today.