Cryptocurrency is a hot topic of discussion among investors, tech enthusiasts, and entrepreneurs alike. One cryptocurrency that has been gaining a lot of attention lately is TRON. With its steadily rising price in the past few years, many investors are asking the question: will TRON ever reach a price of $100? To answer this question, it is important to understand the technology behind TRON, its recent price performance, and the potential that it holds for the future. In this article, we will analyze TRON and provide an answer to the question of whether or not it will reach a price of $100. We will consider the technology behind TRON, its current price, and its potential for future growth. By the end of the analysis, you should have a better understanding of the TRON cryptocurrency and its potential to reach $100.
Will Tron Ever Reach $100?
It’s really hard to say but looking at the current progress it may touch that mark very soon, so if you are one of those people who has invested in Tron and still wondering if it is a good or bad decision then I would like to tell you that it is definitely a good one coz the current price of iron is not the actual price of Tron it is just a bear market price. So once the market turns bullish Tron will touch 100-200 easily.
What Technology Behind TRON?
- TRON’s technology is similar to that of Ethereum, although it is very different in some ways. The main difference is that TRON uses a delegated proof of stake (DPoS) consensus model instead of the Ethereum proof-of-work model. The DPoS model works similarly to a representative democracy in which users vote for delegates who then receive rewards based on their overall contribution. For example, if a user has 100 TRX tokens, they could vote for 1 delegate who will receive 10% of the user’s tokens. This also means that if the delegate does not perform well and his/her votes are not enough to earn them a reward, then the user can simply vote for another delegate who will be more likely to earn them a reward.
- The DPoS model is similar to the proof-of-stake model of Bitcoin, Ethereum, and many other cryptocurrencies. However, there are some key differences between the two. The first is that with proof-of-stake, users can only vote for their own delegates. With proof-of-work, users can also vote for other users’ delegates. This means that with proof-of-stake, users do not have to choose a delegate but they can still earn a reward if the delegate they voted for performs well. With proof-of-work, each user has to choose a delegate and at least one user has to be active in order to receive rewards. In the case of proof-of-stake, each user can choose several delegates and there is no need for active users to receive rewards.
- Another difference is that with proof-of-stake, the amount of tokens a user must hold in order to be eligible for a reward is strictly defined. With proof-of-work, the amount of tokens a user must hold in order to be eligible for a reward depends on how much mining power he/she owns. In other words, with proof-of-stake, users need to hold more tokens compared to what they would have needed if they had used proof-of-work.
- The third difference is that with proof-of-stake, the number of votes a delegate receives depends on the number of tokens he/she holds. For example, if A has 100 TRX and B has 50 TRX and B votes for A as his/her delegate then A will receive 10% of all votes B receives. If A has 100 TRX and C votes for B as his/her delegate, then A will receive 5% of all votes B receives.
TRON’s Price Performance
- With this technology, TRON has come a long way from its initial price of $0.00219 in January 2018 to $0.03537 in September 2018. Over the past three months, TRON has managed to increase its price by more than 150%.
- The current market capitalization of TRON is $2.6 billion. The TRON price is based on supply and demand. The supply of TRON is fixed at 100 billion tokens, while the demand for it could increase as more people use it.
- The demand for TRON is expected to increase as people use its blockchain protocol to create decentralized apps. As more developers and content creators start using the protocol, the demand for TRON tokens will increase, pushing the price of the tokens up.
Factors That Could Affect TRON’s Price
- The future of any cryptocurrency depends on various factors, including the technology behind it, current market conditions, the government’s stance on it, etc. If these factors move in the right direction, cryptocurrencies are likely to increase in price.
- If they don’t, cryptocurrencies are likely to see their prices drop. Let’s take a look at some of these factors. The technology behind TRON – The technology behind TRON, as we discussed in the previous section, makes it unique from other blockchain protocols. This technology, if successful, could significantly increase the demand for TRON, leading to a price increase. Current market conditions
- The market is unpredictable. That’s why investors try to invest in assets that they believe have a low risk and high reward. In today’s market, cryptocurrencies are at the top of that list. The cryptocurrency market has been growing rapidly since the start of 2017. This could be attributed to the general curiosity around the blockchain technology that powers cryptocurrencies.
- If these market conditions persist, cryptocurrencies are likely to increase in value. If, however, these market conditions change, cryptocurrencies are likely to see a drop in their prices. The government’s stance on TRON – As cryptocurrencies become increasingly popular around the world, countries are taking different stances on them. Some countries have taken a positive stance on them, while others have taken a negative stance.
- If a country takes a positive stance on cryptocurrencies, it is likely to increase the demand for them, which could lead to an increase in their prices. If, on the other hand, a country takes a negative stance on cryptocurrencies, it could try to discourage their use, which could lead to a decrease in their prices.
Pros Of Investing In TRON
- The technology behind TRON – The technology behind TRON is unique, making it very different from other blockchain protocols. This technology has the potential to reduce the threat of data breaches and cyberattacks.
- Current market conditions – The cryptocurrency market has been growing rapidly since the start of 2017. This could be attributed to the general curiosity around the blockchain technology that powers cryptocurrencies. If these market conditions persist, cryptocurrencies are likely to increase in value.
- The government’s stance on TRON – As cryptocurrencies become increasingly popular around the world, countries are taking different stances on them. Some countries have taken a positive stance on them, while others have taken a negative stance.
- If a country takes a positive stance on cryptocurrencies, it is likely to increase the demand for them, which could lead to an increase in their prices. If, on the other hand, a country takes a negative stance on cryptocurrencies, it could try to discourage their use, which could lead to a decrease in their prices.
Cons Of Investing In TRON
- The technology behind TRON – The technology behind TRON, as we discussed in the previous section, makes it unique from other blockchain protocols. This technology, if successful, could significantly increase the demand for TRON, leading to a price increase. However, this technology is still in its nascent stage, and it could take a long time before it is fully functional.
- Current market conditions – The market is unpredictable. That’s why investors try to invest in assets that they believe have a low risk and high reward. In today’s market, cryptocurrencies are at the top of that list. The cryptocurrency market has been growing rapidly since the start of 2017. This could be attributed to the general curiosity around the blockchain technology that powers cryptocurrencies. If these market conditions persist, cryptocurrencies are likely to increase in value. If, however, these market conditions change, cryptocurrencies are likely to see a drop in their prices.
- The government’s stance on TRON – As cryptocurrencies become increasingly popular around the world, countries are taking different stances on them. Some countries have taken a positive stance on them, while others have taken a negative stance. If a country takes a positive stance on cryptocurrencies, it is likely to increase the demand for them, which could lead to an increase in their prices. If, on the other hand, a country takes a negative stance on cryptocurrencies, it could try to discourage their use, which could lead to a decrease in their prices.
Conclusion
TRON is a blockchain-based decentralized protocol that aims to build a worldwide free content entertainment system. Unlike many other blockchain protocols, TRON does not use smart contracts. Instead, it has its own decentralized autonomous network (DAE) that can host a variety of distributed apps (DApps). TRON has come a long way from its initial price of $0.00219 in January 2018 to $0.03537 in September 2018. Over the past three months, TRON has managed to increase its price by more than 150%. The current market capitalization of TRON is $2.6 billion.