TRON (TRX) project has always enjoyed backing since it was launched. It looks to improve the entertainment industry by removing the middlemen and bringing producers and consumers together. The content creators can directly sell their content to users as per consumption and wouldn’t have to lose on a huge portion of their earnings or comply with strict regulations of the intermediary platforms. TRON has sought to improve the entertainment industry with its model, and people appreciate that. The cryptocurrency is going to rise in value pretty soon. You should buy it now when it’s cheap because of a few tell-tale signs.
Signs that make Investment in TRON TRX feasible
1. The launch of TRON test net
It was long touted as an event which will boost the price of TRON (TRX), and it hasn’t disappointed. The price of TRX went up by 8% in just two days after the launch. TRON did not have its own blockchain but launched its test net on March 31. Users and developers can test this platform to see how good it is. All the functionalities of the main net are available on this test net. The main net will launch on May 31, and TRON plans to begin migration from the ERC-20 token network from April 15.
2. Partnership with BitGuild
BitGuild is a blockchain based gaming platform that lets users buy and trade in-game items and characters through the network. There are already real money trading systems for the same, but they are full of scams and the user never actually ‘owns’ the items he or she buys. With BitGuild, you own the item as a property and can use it or sell it to someone else. BitGuild has recently partnered with TRON and will make available some limited edition in-game purchases for TRON users. People will only be able to buy these with TRX.
The gaming industry has more than 2 billion users, and this move will catapult TRX’s market volume enormously. BitGuild stated that they have been watching TRON’s development for some time and believe it is a truly exciting project. While they might make the limited edition items available for sale to others later, TRON users can buy them now, and it will certainly have a positive effect on TRX price.
3. CoinFlip adoption
CoinFlip is the most popular cryptocurrency ATM in the world. It lets users buy crypto tokens directly with their cash from an ATM. CoinFlip only offered Bitcoin, Ethereum, and Litecoin so far. But it now offers Tronix as well. This puts TRON in the same league as the giants of the cryptocurrency realm, a clear indication of the backing TRON receives all over the world. People in the US can now purchase TRX with cash in more than 57 locations.
4. TRON (TRX) voting option to be used soon
The development team is still debugging the API, but the voting system in the TRON network is not too far away. When it arrives, users will be able to vote on issues like availability on exchanges, etc.
TRON made headlines earlier in the year when it announced it would launch its main net sooner than the earlier slated July 31st release. With the launch of the test net, the cryptocurrency’s price has gone up. The reasons cited above make investing in TRON now a smart move. It is currently trading in at $0.033, but this is going to change soon. Many believe that the month of April itself will hike the price of TRX considerably. This means that the time is ripe for you to invest in TRON and reap the benefits pretty soon.
The TRON (TRX) project has been gaining traction ever since it was launched, and with these latest releases and partnerships, its stock value is increasing at a rapid pace. Don’t miss out on the opportunity to make a smart investment!