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Tronix (TRX.X) price speculation: what's the forecast?

12:16 am ET, 31 May 2018

Tronix (TRX.X) price is a far cry from the January 05 peak (at which point the coin was valued at 25 cents a piece). What is the Tronix price forecast, or prediction?  

TRON is a platform for building and storing applications.  It allows users to execute smart contracts based on its blockchain. The TRON platform makes it easy for users to publish content as well as data, and solves some of the major pain points encountered in the entertainment and media industries.

As more and more developers start using the platform, it will result in the appreciation of the cryptocurrency as well.   Justin Sun, the founder of the TRON Foundation, mentioned the TRON platform has 200 million users today; however, it's not clear where those users are coming from, and what their contribution to the platform is.

The founder of TRON announced the launch of Tron’s own Main Net, which will see the TRON platform become a fully autonomous blockchain and cryptocurrency independent from Ethereum and the ECR-20 blockchain.  There are also rumors of Tronix being listed on Coinbase.

The foundation has announced a huge giveaway, while its website was completely redesigned. This has given community members motivation to join the team to make the cryptocurrency’s environment more successful. 

We polled investors on Stocktwits and asked them about short- and long-term prospects for Tronix.  While many of them are skeptical about the altcoin's likelihood of reaching the January peak level again this year, the majority of polled investors and traders think that the price will reach $1.00 in the next 3-5 years.  

Stocktwits investors' sentiment about Tronix is quite positive at 92%.  

You can access the latest news and trading data for Tronix on Finstead.com (just type "TRX.X news" or "Tronix price").

Tronix prediction: why the price keeps creeping up

5:39 pm ET, 04 May 2018

Tronix (TRX.X) has been working hard to move into the field of institutional investing.  So far this coin has been very popular on retail exchanges such as Bitfinex and Binance.

The Tron team is pushing to be added to the platforms that serve institutional clients.  They hope to benefit from block trades that GDAX institutional clients have access to.  Also, there are some rumors that Tronix may be added to Gemini.

As we pointed in our previous post on Tronix, you should know that Tronix is a 9-month-old coin,  which introduced almost 3k nodes in under 2 weeks, a fairly impressive achievemnt.  

The fact that TRX is already able to challenge and in many ways beat Etherium has some investors running from the hilltops screaming: "take my child’s milk money".

If you visited the Reddit sub for Tronix,  you may be pretty surprised to see an extremely enthusiastic fanbase.  Being a Tronix fan feels like rooting for Boston Redsox for now. 

For the latest information on Tronix and its price, please visit Finstead (and type "TRX.X news" or "TRX.X price").  

For further guidance on investing in cryptos, read the Finstead Bitcoin investment guide

Tronix (TRX.X): why is the price going up?

2:09 pm ET, 24 Apr 2018

Tronix jumped 25% over the last 24 hours.  What's driving this spike?

The TRON (TRX) main net is being launched at the end of May.  The launch of the TRON main net means that TRON will be eliminating its ERC20 identity and moving off of the Ethereum platform.

Crypto enthusiasts are wondering why the Tronix founder Justin Sun decided to drag Ethereum down.  There was even a Twitter fight between Justin Sun and Etherium founder, Vitalik Buterin. 

You should know that Tronix is an 8-month-old altcoin, while Etherium is now over 4 years old.

Tronix has introduced almost 3k nodes in under 2 weeks, which is fairly impressive.

The fact that TRX is already able to challenge and in many ways beat Etherium has some investors running from the hilltops screaming: "take my child’s milk money".

But a potential problem with Tronix is that it has too many day traders and a good number of bear hands.

Traders will be looking to make quick bucks from Tronix, so be careful about jumping in without having done your due diligence.  

For further guidance on investing in cryptos, read the Finstead Bitcoin investment guide.

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