Right now, the Tron Foundation has the ultimate goal of reinventing the entire entertainment world which is currently worth about $1 trillion. Tron news, Tron Trx news, and Trx news have mainly been about how Justin Sun and his team aim to make their dream a reality and how this would influence the Tron price prediction. While Tron is still at the early stages of its development, it has made more progress than many other projects that were launched around the same time. Most analysts have predicted that the Tron Trx token will reach its full potential in the next five years. Before then, however, you can add the TRX token to your portfolio as the Tron Trx price prediction is bullish against the USD either way.
Using decentralized blockchain technology, Tron cuts out the intermediaries on entertainment and social media giants like YouTube, Google and Facebook. Content creators will have direct access to their audience. It cuts out the intermediaries and all the costs attached to using intermediaries. For example, a dApp developer on the tron network can receive payments for his dApps ads directly from the audience and not through a host like Google. Right now, Tron hasn’t gotten to this point yet. However, Justin Sun is confident that they have what it takes to execute this plan. If his dreams are fulfilled, Tron would be the foremost decentralized content creation platform in the world.
One thing that makes the future of Tron bullish is that it is more scalable that many other blockchains. The Tron blockchain was created to handle thousands of transactions within a second. Right now, Tron handles 10,000 transaction throughput per second, but Ethereum handles just 25 transaction throughput second. This is one of the reasons why Justin Sun says Tron is better than Ethereum.
While Tron has the scalability required to disrupt the entertainment system, it is still lacking per adoption. Content developers need to leave centralized platforms and opt for the decentralized Tron. To attract more users, Tron has made its compensation model attractive. Unlike platforms like YouTube that control the amount publisher’s get for generating profit, Tron gives the power to the publisher. Even Facebook makes over $17 billion yearly off content that publishers don’t get anything from.
At the time of writing, Tron Trx was trading at $0.024495. This means that it is down by 6.80% against the USD and down by 5.43% against BTC. The trading volume over a 24 hour period is $376,463,808 and the market capitalization is $1,633,387,934. The price of Tron has been on a downward slope for the past few trading sessions. In fact, almost every altcoin this week is trading in red. So, it would be unfair to use the current price action of Tron as a yardstick to determine its progress.
TRON (TRX) Price Today – TRX / USD
If, on the other hand, Tron makes progress and becomes the leading blockchain in the entertainment world, the Tron Trx price prediction is going to be impacted significantly. The demand for the TRX token will increase and the price of the token will increase as well. So, the future is bullish for Tron.
What do you think about the Tron Trx news today? Can Tron take over the currently centralized entertainment space? Share your thoughts below.
Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More
According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More
Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More
Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More
David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More