TRON (TRX -2.77%) is an open-source blockchain platform that can run smart contracts and be used for building decentralized apps (dApps). It's similar in functionality to Ethereum (ETH -1.97%), and it even started out as a token built on Ethereum until switching to its own blockchain.
Does Tron coin have a future?
According to our Tron price prediction, TRX price is expected to have a -8.27% decrease and drop as low as by December 28, 2023. Our analysis of the technical indicators suggests that the current market feeling is Neutral Bearish 38%, with a Fear & Greed Index score of 71 (Greed).
Where can I use Tron coin?
Store or use your TRON in Binance. Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income.
Is Tron coin worth investing?
Investing in cryptocurrency, including Tron (TRX), is considered a high-risk investment. The value of cryptocurrencies can be highly volatile and subject to rapid changes. There is always the risk of losing your investment due to market fluctuations, hacking, or other security risks.
Will TRON reach $10?
If Tron were to grow at a rate of 25% each year, it would take about 22 years to reach $10. Considering the growth and time required, Tron has a very low chance of reaching $10.
What algorithm does TRON use?
Delegated proof-of-stake A delegated proof-of-stake (DPoS) is the consensus mechanism used by TRON to achieve consensus. A blockchain consensus technique called delegated proof-of-stake enables users to use their currencies to cast votes for different delegates.