What is TRON?
* TRON is a blockchain-based operating system which was developed by the Tron foundation and launched in 2017. Actually TRX tokens deployed on Ethereum, but one year ago they were moved to their network.
* Initially, the aim was to create a project with providing full ownership rights to makers of digital content. The project goal was to help content creators and encourage them with more rewards for their work.
* The Tron software supports smart contracts, other various kinds of blockchain system, and decentralized application aka dApps. This platform uses a transaction model similar to bitcoin (BTC), called as UTXO.
* All transactions take place in public ledger, where users can track their history of operation.
Founder of TRON
*Tron was founded by Justin sun, who is now CEO. He was studied from Peking university and the University of Pennsylvania, people know him by Forbes Asia in its 30 under 30 series for entrepreneurs.
*He was born in 1990, he was also associated with Ripple in the past-he is serving as its chief representative in the Greater China area.
How many TRON coins are in circulation?
*Tron (TRX) was first launched through an initial coin offering (ICO), which raised approximately $60 million USD.
*TRX, the ecosystem’s native coin, was created with a maximum supply of 100,850,743,812 with 71,659,657,369 TRX tokens currently in circulation.
*Tron’s coin is currently ranked 22nd in terms of market capitalization on the top, with a market cap of $3.98 billion.
Where to buy TRON
*You all can trade TRON (TRX) on exchanges sites such as Liqui & Binance for either ETH or BTC. New users who want to purchase BTC or ETH coins on Bitstamp or Coinbase and deposit it to their respective wallets on Binance, Binance is often regarded as a top trading choice for its low trading fees.
Future analysis of TRON
*Now TRX support at 0.05790-0.05820, if we don’t hold this support area next support at 0.04820-0.04850, next support at 0.03780, if we don’t hold this support area next support at 0.302300.
*Now TRX resistance at 0.06980-0.07030, if we break here with volume and hold this area next resistance at 0.09200-0.09240, next strong resistance area 0.12800-0.1300, if we break here with volume next resistance at 0.1800.
*TRX is a good coin for long term, if you invest at least next 3 years it gave 15-20x return here. Now good time to invest in good coin in market now, market give a opportunity to buy and hold these coins
*Always don’t invest all amount in single coin. Diversify your portfolio because crypto market is high volatile. In long term you make good profit definitely. If you think huge return in short term is risky. Always think about longterm.
*Read my some other coin post share your view for text analysis of coin.
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