Tron only launched last year but has gained plenty of attention from its ambitiously minded founder, Justin Sun. He was named one of the Forbes 30 under 30 years for Asia in 2015 and previously worked at Ripple, but left to launch TRON from his Beijing office.
The coin aims to be a decentralized content sharing platform, giving the power to the creators and consumers within the massive digital entertainment industry. The protocol enables content creators by introducing a new way to release, circulate and deal with digital assets, thus forming a decentralized content entertainment ecosystem.
Historically altcoin price fluctuations had a positive correlation with bitcoin price movements. This meant that if bitcoin price increased, you would soon expect the altcoin prices to increase, but recently bitcoin price and altcoin prices seem to be independent. Factors that drive price of an altcoin are interest around the altcoin, if there is an upgrade coming up, listing on prominent and trusted crypto exchanges and new partnerships formed by the altcoin.
Altcoin adoption has a major role in positive price increases, adoption is hugely influenced by the use cases of the coin. Spreading of FUD by media, negative press from influential people, banning of crypto by certain countries (regulation) and hacking of altcoin and exchange platforms has a negative effect on altcoin prices.
Tronix can be converted from major digital currencies on our cryptocurrency conversion service. This means you can buy with ZAR, EUR, NGN, GBP, AUD and many more. Supporting 25 countries, can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits, direct deposits and M-Pesa. Credit card payments are coming soon.
Disclaimer: The content on this page should not be taken as financial advice. Never invest what you can’t afford to lose as the cryptocurrency market is volatile. Always research as much as possible before buying any coin.