Welcome back for another update of Crypto nights with @alexmavor and @antonburton. Today we look at Tron which has been making a number of headlines in recent weeks and appears to be recognized as “coin to look out for in 2018”.
What is Tron?
In recent week’s Tron has enjoyed a lot of growth, but has also been surrounded by a lot of controversy. Described as digital entertainment technology on the Blockchain. The users control the data, goods, services and currency. Put simply, Tron wants to be the decentralized peer-to-peer version of Itunes. The Tron token is be used within the Peer-to-peer network for buying entertainment thus in effect making it more cost effective for the user.
Recent behavior
As you can see Tron is a relatively new coin, having only ended it’s ICO in September. However, at the beginning of the New Year the coin began to pick up momentum, achieving an all time high of 30 Cents on the 5th January 2017. Since this peak, the coin has had a pullback and is currently value at 10 cents, however it remains in the top 15 coins as positioned on coinmarketcap.com.
Potential?
Recent endorsements from China definitely caused a surge in price at the start of the year. Effectively the Chinese government endorsed a company affiliated with Tron Labs with a preferential status. This has been interpreted as meaning that China is encouraging the fusion of block chain technologies and digital entertainment/social media. Only time will tell with how far this helps Tron but it did seem to have a positive impact on the market value of Tron.
Plagarism
A potential factor in the recent price drop for Tron could possible be related to allegations that Tron plagiarised it’s White Paper. It was recently noticed by members of the crypto-community that there were some key similarities between Tron’s White Paper and other p2p documentation. Other factors can also include Chinas attempt to ban mining and the recent price surge of Ethereum.
Price prediction
When examining @haejin’s price predictions for Tron, he sees it in the middle, or now towards the latter stages of the 3rd wave heading towards 17 cents before a pullback. These predictions might have now been revised since he uploaded this, but it looks as though he thinks Tron is heading back towards all time high prices at the start of February.
Shout outs
The first shout out goes to @haejin - the guy definitely divides opinion but you cannot deny that he constantly puts himself out there with regular chart updates.
The second goes to @wildtrader for appearing on the show last week. His opinions have generated amazing response and we hope to bring him on the show again in the future.
As always, don’t forget to follow, subscribe, up-vote and like and we look forward to seeing you next time!
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As always don’t forget to follow, subscribe, up-vote and like and we look forward to seeing you next time!
@alexmavor & @antonburton
Nice, maybe there is a whitepaper template that keeps getting reused. All I know about Tron, besides what I've learnt here, is that it shares it's name with a Sci Fi movie and sounds like TON.
I just posted a question on TON if you care to check it out here likley it is real but can't help but wonder.
Looking forward to our chat this weekend sir!
rightly said whitepaper issue seemed to have hurt it in recent days
yeah, as mentioned in the video it is probably a combination between that, Ethereum surge and China fake news...
Tron (Trx) next Jetplane will land over 0.0002000btc $ 1.50
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