What is TRX and is it still a hot crypto asset to hold?
TRX is a popular cryptocurrency that operates on the Tron blockchain, where it acts as the chain’s native currency. It was originally developed as an ERC-20 token during the crypto surge of 2017, only to migrate to its own chain upon its completion in mid-2018.
Tron’s long-term goal is to revolutionise the entertainment industry, mostly through gaming, torrenting and other similar community-oriented activities where it provides the ability to conduct microtransactions. That way, consumers can connect directly to artists and developers and enjoy their content in return for a small fee, often only a few cents higher, or lower – enough for consumers to not really feel like they are paying anything, but also enough for artists and developers to make a decent earning, provided that they have a certain following.
The project also functions as a development platform that dabbles in smart contracts, dApps, DeFi, NFTs and other popular trends. As such, it is one of Ethereum’s rivals, despite the fact that this is the blockchain on which it originated. However, Tron is much faster and more convenient than Ethereum, not to mention its lower fees.
Tron was developed by Justin Sun, who is its acting CEO and the face of the project. Since he created it, Sun was not shy to highlight Tron’s potential and possibilities that the blockchain and its native coin can bring to the entertainment industry. However, the TRX price has mostly struggled to grow since its crash in 2018, during the crypto winter. This is why its recent surge is extremely important.
TRX price history and analysis
TRX emerged in mid-September 2017, and for the first few months of its existence, its price had not seen any notable movement. It mostly fluctuated between $0.001 and $0.002 until it finally started to rise in mid-December of that year.
More info:
https://www.google.com/amp/s/capital.com/amp/trx-price-prediction-ready-to-hit-new-highs-in-2021