Rate and Price Tron (TRX)

About TRON (TRX)

TRON was launched in June 2017 by founder Justin Sun. The purpose of TRON is to provide a decentralized ecosystem for content creators and consumers.

The vision behind TRON is to build a worldwide free-content entertainment system, which allows anyone to freely publish new digital contents while monetizing the content access via renting, buying or subscription fees.

By doing so, TRON aims to empower users to freely express and own creative contents while reducing online copyright infringement and fraudulent activities online.

TRON is currently ranked number 21 on CoinMarketCap and has a market capitalization of $1.7 billion USD as of 4th May 2018.

At present, TRON is trading at $0.037 USD per token with a total supply of 100 million tokens and a circulating supply of 86 million tokens.

Tron Price History

TRX experienced significant price changes in December 2017 and January 2018 when it jumped from $0.002 to $0.04. TRX traded at around $0.001, $0.003, $0.006, and $0.009 during this time period. In December 2017, TRX's price rose from $0.001 to $0.04, as its market cap soared to $1 billion for the first time. TRX's price peaked at $0.21 in January 2018, as its market cap reached $14 billion.

 This was when TRX's price fell by more than 400% in less than a week. As a result of this, TRX's value fell from $14 billion to $6 billion in less than a month and a half. For the following three months, TRX's price was volatile. At the end of April, TRX's value rose again, and it reached $0.06.

What is the forecast for the price of Tron TRX

The price of Tron TRX is highly volatile, meaning that a large price change can occur at any time. However, there are a few things to keep in mind when looking at the price of Tron TRX. ]

• First, the price of Tron TRX is derived from its dominance ratio. This refers to how many coins are in circulation compared to how many are actually being used as a currency. When the ratio is high, this indicates that there is low demand for Tron TRX, and so its price should be low.
• Secondly, Tron TRX does not have as many long-term investors as other cryptocurrencies do. This means that when something bad happens with the project, such as a hack or an investor suing the company over an issue with the code, there will likely be fewer people willing to buy more TRX in response to the news.