Is TRX worth adding to your Crypto Portfolio?
Though all Cryptocurrencies are currently faced with a long-time bearish market condition, TRX is one of the potential Cryptocurrencies expected to increase in price towards the end of this year and in the coming years. According to reliable Crypto news sources such as Tradingbeast and Ripplecoinnews, Trx is expected to increase in the climax of this year with a price range of $0.07 – $0.1 and the price is expected to further increase in value in the following years with a price ranging from $0.2 – $0.3.
TRX is an ideal Cryptocurrency for long-term investment. However, it is important to note that profits are not guaranteed for any Cryptocurrency investment due to the high volatility tendency of the Crypto market, therefore one ought to invest wisely with money they can afford to lose. If you seek to Profit from any Cryptocurrency such as TRX then you ought to hold this crypto asset on a long-term basis.
About TRON
TRON is simply defined as a decentralized network focused on decentralizing the Internet. TRX is a native coin for the TRON network. Justin Sun is the mastermind behind this amazing blockchain project. Prior to the establishment of TRON, Justin Sun was a competent Ripple representative in China owning a popular app known as peiwo which has over 10 million users. Justin Sun was able to incorporate TRX in his peiwo application which made TRX price increase in value following the increased popularity, use case and demand for the coin.
Initially, TRX was introduced in 2017 and operated on the Ethereum blockchain as an ERC-20 token but later broke away from the Ethereum chain after the introduction of its own TRON Blockchain. The innovation of its own Blockchain led to a significant spike in its value to as high as $0.3. However, the price crumbled down to as low as $0.06 due to the dependence and instability of the Bitcoin price that affects all Altcoins prices but it is likely to bounce back in the nearby future following the new developments in its ecosystem.
Over the years, TRX has increasingly been introduced on several popular exchanges raising its popularity, interest and demand for the coin hence showcasing the potential for future price growth.
TRON transactions exceed the number of ERC-20 transactions implying that TRX has the potential of increasing in value like its counterpart Ethereum.
In conclusion, TRX is worth adding to your Crypto Portfolio because of the positive price predictions according to the various notable crypto sources, the ability to process more transactions than the ERC-20 chain, and it's being tradable on several popular exchanges.
Hello dearest friend @yohan2on
Thank you very much for giving such an informative post.
I enjoyed going through your post and I hope to read more of your interesting post.
#steem-on 💙
Its my pleasure. Glad you found it valuable. Stay tuned for more.
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This is a great lesson for me. Because I didn't know about the history of the Tron coin. In fact, I thought that the Tron blockchain was introduced with the emergence of the Tron coin. But thanks to this article, now I know the exact history of TRX. Thank you very much for such an interesting article.
I am so glad your found this valuable. Thanks for taking the time to read through. We are here to learn from each other. Stay tuned for more educative articles. 😊
Of course, hope to read more such interesting articles from you. Thanks a lot for the response to my comment.
Yes of course I think it is really worth it because the price of Trx do not really depends on the price of BTC as other altcoins do and as a matter of that it sometimes rises or keeps stable the prices of other altcoins are dropping due to the fall of btc. So I think one must add trx token to his/her portfolio to help save his account from huge losses. Thanks for sharing this with us Sir.
Yes, Investing in Trx is a great way to diversify your investment portfolio as you regulate on the risk of making huge losses that may arise from investing in just a few or one type of investment. Thanks so much for your valuable feedback.
You are very correct about that sir, this article is interesting
Thanks for passing-by. I am glad you picked something from it. Steem on! We win together. 💪
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Thanks.
Tron is indeed a great token that we should consider adding to our portfolio, this has greatly shown in the price of Tron and how it has maintain it value even during the bearish market
TRX is a great Cryptocurrency with potential and I advise traders to invest in it. Thanks for sharing your lovely article ⭐
Increase your activity in the community to get better support. Thanks.
Yes I will. Thanks 🤝