If you don't know what Tron(TRX) is, it is an alt coin that is currently way undervalued at around .04 per coin.
A little about TRON before getting in to the exciting coin burn, TRON aims to:
- be a decentralized entertainment content sharing platform
- eventually leveraging blockchain and peer-to-peer (p2p) network technology
- Founded by a non-profit Singapore-based foundation
- the Tron Foundation seeks to tackle the global entertainment industry
Now the exciting part:
This was tweeted by their founded/CEO!
Now after doing my own research, I believe the coin burn will begin around January 10th. This coin burn will reduce supply, therefore automatically increasing the price and rewarding investors. THIS IS EXACTLY what ripple did when it was at .20 and look how ripple has done since.
My personal opinion, TRON will go from .4 to .10-.12 in January. The coin burn, along with news that Alibaba's top developers are also now helping Tron answers the question "will tron go up?" and leaves us now only guessing how much will it go up.
Although a great short term hold for January, I believe in HODL (hold on for dear life) and I plan to keep TRON for about two more years.
PS. This is not advice, this is just my personal opinion. Always do your own research before investing in anything and don't always trust what you read on the internet.
** I have been involved in several crypto projects, as well as an investor since 2015. I have personally turned a $2000 into $100,000 (not a brag just saying)**
Do you agree? Let me hear your thoughts and or questions below!