Even now, at the time of writing, November 23, the TRX price is only slightly above, sitting at $0.030106, while Bitcoin (BTC) has climbed to $18.600 - less than $1,500 away from its record high. The digital currency went up and down between these two levels for the most part for the past two years, occasionally venturing above or below, but usually not for long. This was followed by another surge in April 2018, and the final drop which resulted in the price of the Tron coin wobbling between $0.015 and $0.025. It managed to stabilise following the price crash of early 2018, and for a time, the price of Tron fluctuated between $0.040 and $0.025. However, the coin quickly got pulled into the largest crypto bull run to date, eventually surging from the mentioned lows to its all-time-high of $0.275647.ĭuring the infamous crypto winter, TRX lost most of its value, just like every other cryptocurrency. TRX was initially launched in mid-September, 2017. Bittorrent price prediction 2021 torrent#Not to mention the hype that Tron received when it was discovered that it had purchased BitTorrent with the intention of allowing torrent seeders to earn coins by sharing files.Īs of recently, Tron has been actively working to enter the DeFi industry and attract even more users.īefore we go into price predictions, let's briefly take a look back and see how the coin's price behaved in the past. For a time, new partnerships with exchanges and other crypto businesses emerged almost on a daily basis. As such, it was interested in bringing microtransactions that would allow users to tip, pay for in-game additions and assets, and be used for other types of payments.Įventually, the project also started delving into the smart contract and dApp sectors, aiming to offer similar products and services as Ethereum, including its own token model, which developers can use to create Tron-based cryptocurrencies.Īll of this has given Tron the potential to rise very high, very quickly, and gather a lot of support and interest from all sides. Thanks to the fact that it has a fast and reliable blockchain that can scale much better than older projects, it is perfectly capable of supporting massive amounts of transactions very quickly. However, following its ICO, its developers created Tron’s own blockchain, to which TRX eventually migrated. Initially, TRX was built on Ethereum, as an ERC-20 token. To do this, the team has partnered with major game developers, streaming sites, social networks and alike. Tron (TRX) is a cryptocurrency operating on the Tron blockchain, whose long-term goal is to revolutionise the entertainment industry. How has Tron become a hot topic for investors?
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