Skip to content Skip to sidebar Skip to footer

A Fundamental Analysis of Tron (TRX)

  • Tron (TRX) is faced directly with eliminating middlemen for content creators and entertainers. 

  • TRX claims to be able to handle 2000 transactions per second. 

  • About 70% of the total supply of Tron is already in circulation. 

Tron (TRX) is focused on sharing content and entertainment. A considerable milestone covered by the team was the purchase of BitTorrent – a service focused on file-sharing in 2018. Tron was established in 2017 by 1990 born Justin Sun of China. 

Tron is ranked in 32nd place on CoinMarketCap. It has an all-time high (ATH) of $0.231673 which it hit on the 5th of January 2018. Its all-time low was at $0.001804 on the 12th of November, 2017. Currently, the price ranges between $0.09374 and $0.09725. It has a daily trading volume of over $2 billion. 

TRX / TetherUS daily candlestick chart (source: TradingView)TRX / TetherUS daily candlestick chart (source: TradingView)

 Tron has a total supply of a little above 100 billion, of which only about 71 billion is in circulation, giving it a market cap of about $7 billion. 

Tron was established as a means of exchange between a community of content creators but removed the need for middlemen. Customers pay content creators directly using TRX on their platform. 

TRX is said to have a lot of talented engineers on their team. Justin Sun pulled some of them out of Ripple Labs. Ethereum can handle a maximum of 20 transactions per second. Bitcoin can handle 6. Tron claims to have the capacity to handle 2000 transactions in one second. 

The Tron network uses a delegated proof-of-stake to avoid double spending of the coin. It is similar to the proof-of-stake in Bitcoin, but Tron users vote for super representatives who then help validate transactions. 

Summary 

About 70% of the total supply is in circulation, making the TRX network worth about $7 billion. The primary targets of TRX are online creators.

Leave a comment