Well, Crypto market is full of hyped and well-marketed coins but when it comes to a project which actually had some great potential to begin with, later got marketed heavily, became overhyped, touched the top '10' coins within 2 months of its listing on coinmarketcap and then dumped hard, the only coin came into our minds is Tron (TRX).
The fact that Tron pumped hard in the beginning and later dumped with same momentum has nothing to do with its potential. We all know how manipulations are done in crypto space and Tron was no exception to that.
Now, let's have look at its core idea first.
What Is Tron (TRX)?
Tron (TRX) is a Blockchain based cryptocurrency project which is focused on providing a methodology to the distributed content worldwide. There are several centralized databases all over the World which are controlling a fair share of Internet content e.g. Google, Yahoo, Youtube, Bing, etc. But Tron is focused on providing a means to the World to create and publish content on the Internet without any centralized authority and side by side own that content.
Basically, Tron (TRX) is trying to build a Decentralized Entertainment Content Ecosystem.
Why To Invest In Tron (TRX) In 2018?
Well, apart from the hype created by the project initially as well as a great project itself, Tron (TRX) posses a great team as well. Tron (TRX) was created by an NPO named Tron Foundation. The main highlight of this project, apart from its well-established core competencies, is its CEO Justin Sun.
Justin Sun is the protege of Jack Maa, the CEO of Alibaba Group, which is rumored to utilized Tron as a part of their E-commerce later in this year.
Justin Sun remains highly active on Social-media, giving details about the project's updates as well as new partnerships. This makes this project genuine and its team well-communicative.
Tron has tons of upcoming updates coming this year.
The first major update is its Main net. Its coming on 31st May 2018, approximately 8 days from today.
Currently project is working great, people are investing in project with a hope to cash-out profits for the short-term but I believe this project is a must-hold for longer term.
Market Statistics
In its initial days, the project has gone way beyond the people's expectations in terms of price and market capitalisation.
In the January Bull-run, Tron has touched the market capitalisation of $18 Billion with a price tag of $0.28 per TRX token. That level of market share was just marvelous for a project which was only 2 months old then. It was manipulated heavily at that time.
Currently, Tron (TRX) holds a market capitalisation of $5.3 Billion with a price tag of $0.08 per TRX.
This is not bad market cap for a project as new as Tron.
Certainly, this project holds a great potential for the long-term.
Read about the project, learn facts and figures about this cryptocurrency, read some charts as well and only then make your investing decision.
Thanks for reading ...!!