The crypto market offers a wide selection of assets. Some of them are well-known and credible, taking top positions in crypto rankings, and Tron is one of them. In this article, we will consider the features of this project and its cryptocurrency price forecasts.
What is Tron?
Tron is a decentralized platform for hosting entertaining digital content. The platform was launched in 2017. Tron was initially founded in Asia. Over time, it became a globally used platform with over 50 million users.
The native cryptocurrency of Tron is TRX, which is on the list of the best-traded crypto assets on the Coinmarketcap ranking. Today’s Tron cryptocurrency price is $0,06.
Key features of the project:
- The Tron network has common features with the Ethereum platform, for it is possible to build decentralized applications and smart contracts on the top of the network.
- The market capitalization is $5,8 billion.
- The Tron network is fast and energy-intensive; it can replace Ethereum. However, Tron is not that popular and adopted yet.
Tron Cryptocurrency Price
High volatility is subject to crypto assets, and TRX is no exception. The Tron cryptocurrency price is unpredictable, but it is important to note that it demonstrates slow but consistent growth through the long term. The success of the project depends on the Tron development team.
Based on previous TRX price fluctuations, experts draw the Tron crypto price prediction for the end of 2022, predicting the level of $0,11.
TRX crypto price prediction for 2023 draws the price level of $0,16 – $0,19. However, everything will depend on the developers and their new partnerships.
You can find an up-to-date TRX price on the WhiteBIT crypto exchange. The platform offers a convenient interface and trading tools. Also, you can practice trading skills on a demo account.