Altcoin: Tron (TRX) has seen a fair amount of volatility over the years. With a market capitalization of $5 Billion, it seeks to host a global entertainment system for the cost-effective sharing of digital content.
Tron leverages blockchain and peer-to-peer (P2P) network technology to cut out the middlemen and allow content creators to sell directly to customers.
Tronix, or TRX (networks’ native currency), is used by network users to directly pay content providers to access their apps. TRX transactions on the platform are completely free. As a result, content creators do not have to pay a transaction fee to Tron.
Future Outlook of Tron (TRX)
Currently, TRX is trading at $0.05502. It has gained approximately 9.70% in the last 30 days and is following an upward trend. In 2018, TRN touched an all time high of $0.3004.
According to Cryptopredictions.com, TRX can go as high as $0.08 next year (in 2023). It can also breach the $0.1 barrier by 2025 (and can touch $0.13). According to Trading Beats (a crypto prediction site), TRX can cross the $0.1 mark by 2024.
Many investors take a bold guess that TRX will be worth $1 in the coming years.
Also Read: Here’s How Much Your $100 Investment in Ripple Will Be Worth If XRP Reaches $1
How Much Money You Would Make, if TRX Reaches $1?
Let’s assume that you are a HODLer and can sit tight for a considerable amount of time. Suppose you invested $100 in TRX today, and it reaches $1 in the coming years. So the question is, how much money would you make?
TRX is currently trading at $0.05502. At this price, you will have 1817.52 TRX tokens (that are worth $100). When it reaches $1 in value, your $100 investment will be worth $1817, an approximately 18X (or 1800%) return on investment (ROI).
Similarly, if you buy $1000 worth of TRX tokens today at this price, you will have 18,175 tokens. You can potentially make $18,000 if TRX reaches the $1.
Disclaimer: This is not investment advice.
Also Read: Here’s How Much Your $100 Investment in Dogecoin Will Be Worth If It Reaches $1
The post Here’s How Much Your $100 Investment in Tron Will Be Worth If TRX Reaches $1 appeared first on CoinGape.