0:00
despite the fact that the entire
0:01
cryptocurrency industry saw success in
0:03
the previous year certain coins are
0:05
unfortunate enough to witness no
0:08
tron is an example of such a coin that
0:10
did not achieve its all-time high last
0:11
year despite the fact that many other
0:15
will tron on the other hand turn things
0:17
around this year and see a price
0:19
let's have a conversation about it shall
0:22
in 2017 there was a tremendous
0:24
cryptocurrency market explosion with
0:26
many coins gaining massive prices and
0:28
popularity throughout the year
0:30
however many of those coins were
0:32
abandoned by their developers and those
0:34
who were positive about the coin loss
0:37
and these aren't just ordinary coins
0:39
they're coins that had a lot of
0:40
potential but then mysteriously vanished
0:43
as a result they lost their value and
0:45
were finally phased out
0:47
don't look it up we just made it up
0:49
tron trx was one of the few survivors of
0:52
the crypto apocalypse
0:54
although tron has seen the other side of
0:55
the massive cryptocurrency run in 2017
0:58
it has not received much attention
0:59
recently as it struggles to maintain a
1:02
despite reaching a year high in november
1:04
2021 the price is currently on a
1:08
tron is a decentralized platform and
1:10
internet campaign are built on the
1:11
blockchain that can provide
1:13
entertainment and financial services
1:15
the positive thing about the network is
1:17
that its creators want to make it simple
1:18
to use in everyday life while keeping
1:21
at the moment the cost of a transaction
1:24
is a small fraction of what ethereum
1:26
more specifically tron has created a
1:29
number of applications that an average
1:30
person can utilize such as pywell which
1:33
allows users to tip other users in
1:34
crypto rent bikes through a bike and
1:37
play games similar to those found on the
1:38
pet planet of cryptokitties
1:41
founded in 2017 by chinese entrepreneur
1:43
justin sun who was previously the
1:45
primary representative of ripple
1:47
cryptocurrency and about which we have a
1:50
tron has had its fair share of ups and
1:52
downs as well as the lowest of lows
1:54
tron however is not giving up and has
1:57
made gains in recent years despite their
1:59
lack of bullish streaks
2:01
one such move was bittorrent's
2:02
acquisition of the file sharing network
2:06
bittorrent released their own coin the
2:07
following year based on the tron
2:09
blockchain and the trc10 standard
2:12
a storage layer a core layer and an
2:14
application layer make up tron's
2:16
three-layer architecture
2:18
according to the company's white paper
2:20
smart contracts account management and
2:22
consensus are among the modules of
2:24
tron's core layer which offers tron
2:28
tron uses a delegated proof of stake
2:30
pose consensus which consists of 27
2:33
super representatives or srs who
2:35
construct blocks on the chain
2:37
trx account holders can freeze their
2:39
accounts and vote for srs every six
2:42
every three seconds the protocol
2:44
generates a new block which pays 32 trx
2:49
processes allow for faster throughput
2:51
than some other blockchains thanks to
2:54
however a popular crypto exchange site
2:56
declared in november 2021 that it would
2:58
no longer be working with trx because to
3:00
business related factors in the
3:02
developing legal climate tron will
3:04
suffer as a result of this and their
3:06
popularity may suffer as a result
3:08
so how does tron respond in order to
3:12
the first thing they did was burn the
3:14
coin for 11 weeks in order to outnumber
3:17
the premise is that by burning the coin
3:19
the overall supply will be reduced
3:21
making each one more valuable and so
3:25
despite the claimed deflation the price
3:27
has not received much attention because
3:28
it has been declining over the past few
3:30
days as i write this video
3:32
tron also benefits from the ability for
3:34
users to construct d-apps distributed
3:36
applications and other customized
3:38
wallets on the blockchain
3:40
furthermore smart contracts allow tron
3:43
to create its own collection of nfts but
3:45
this is something that will happen in
3:47
tron has made significant investments in
3:49
the defined social nft platform
3:52
this was done in order to further build
3:54
the collection and create the nft's
3:57
with the recent success of the apent
3:59
they intend to grow their nft ecosystem
4:02
their developer justin sun revealed in
4:05
december 2021 that he had been appointed
4:07
as one of the ambassadors of grenada's
4:08
permanent representative to the world
4:12
he accepted the offer because sovereign
4:13
states are the most important building
4:15
blocks of the world system he believes
4:18
the next step toward building a truly
4:20
decentralized financial infrastructure
4:22
will be sovereign states proper
4:23
acknowledgement of the blockchain
4:25
but what does sun's decision signal for
4:29
sun reiterated that he had no plans to
4:31
leave the company or retire
4:33
he is simply stepping down from his
4:35
position and will continue to support
4:36
the company from the background now that
4:40
but now that there is a new rule in
4:42
place will everything actually turn
4:45
let's talk about tokenomics for a moment
4:47
the trx coins price is extremely
4:49
volatile and it fluctuates with the
4:53
a boom and bus system in which the
4:54
market goes bullish one week and bearish
4:58
in terms of price history the price
5:00
peaked in late 2017 and peaked again in
5:02
the first quarter of 2018.
5:04
however they have been unable to
5:06
recreate their prior success and as
5:08
previously indicated are currently
5:10
failing to make a mark in the price
5:12
trx is currently trading at 0.05628
5:16
and has been on a downward trend for the
5:18
previous few weeks according to the
5:21
however the price forecasts are quite
5:24
optimistic with the price of trx
5:26
expected to climb in the future
5:28
according to the website wallet investor
5:30
the price of trx will grow 0.129
5:33
by the end of the year and will continue
5:35
to rise until 2027 when it will be about
5:39
trx's potential price is also discussed
5:41
in detail by digital coin
5:44
the price will average
5:45
0.097 for the year according to the
5:49
this suggests the coin has a long way to
5:51
go if it wants to keep up with the
5:54
the coin is also predicted to climb in
5:55
price in 2025 starting at 14 cents and
5:59
continuing to rise steadily until 2028
6:01
when it will reach 24 cents
6:04
another price estimate comes from the
6:05
website currency price forecast which
6:07
predicts a 0.078 dollar price for the
6:10
coin by the end of the year
6:12
this price will climb until 2023 when it
6:16
they also anticipate that by 2026 the
6:19
coin would be worth 17 cents and by 2030
6:22
it will be worth 24 cents
6:25
trx is different from other cryptos in
6:27
that it does not have a capped maximum
6:30
the coin currently has a market cap of
6:32
more than 5 billion and a circulation
6:34
supply of more than 101 billion units
6:37
trx tokens are added and removed from
6:39
the supply chain using monetary methods
6:41
similar to those used by central banks
6:44
as a result the trx price is much more
6:47
stable and until something significant
6:49
is done to disrupt the system the price
6:51
will continue to rise slowly
6:53
holders can also choose to freeze their
6:55
coins in order to withdraw them from
6:58
this provides the srs with the bandwidth
7:00
and voting ability to change and modify
7:02
tron protocol parameters
7:04
because of its consistent pricing many
7:06
people perceive tron to be an excellent
7:09
tron after all has seen a price of one
7:11
cent and has survived the crypto
7:13
apocalypse again not a real term from a
7:16
few years ago so it can't plummet to
7:20
even if it has recovered from its lowest
7:21
point we must exercise caution when
7:23
purchasing tron tokens because the
7:25
market is extremely volatile and can
7:27
vanish without warning at any time
7:29
as a result only invest if you can
7:31
afford to lose and invest in a large
7:33
amount because prices are currently low
7:35
and will gradually rise in the future
7:37
so keep an eye on the pricing so you
7:39
don't lose a lot of money on your
7:42
thank you for taking the time to watch
7:44
if you liked it please like the video
7:46
since it helps us a lot and motivates us
7:48
to create more material like this
7:50
you may also help support the channel by
7:52
subscribing so please do so if you
7:56
if you think tron's steady ascent is
7:57
worth investing in leave a comment below
7:59
for a chance to win a shout out
8:01
if you want to learn more about the
8:03
graph we have a great movie about it so
8:06
have fun paying out and i'll see you in
