3 Reasons Why Tron (trx) Will Hit The Multiple Dollar Range $$$

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Justin Sun

Mr. Sun has a very impressive track record, to begin with. He is the founder and CEO of Peiwo, This is the equivalent of the American Snapchat. The reason this is important is that he knows how to successfully build a company. Justin Sun is a master at marketing. Through his constant updates/announcements on Twitter, it is obvious that he knows how to pump up a coin. The constant updates also help the community feel like they aren't left in the dark but instead are part of the revolution. 

Utility

Tron (trx) is actually much more than a currency. Similar to Ethereum it is a platform that supports DApps so other coins can be built directly on the Tron main net. Tron (trx) is sitting just over a $2 Billion market cap. This might sound like a lot and seem like it would be hard for the coin to increase significantly but just for reference, Ethereum currently has a $46 Billion market cap. It also at one point had a $134 Billion market cap. The best part is the Tron is faster and cheaper (basically free) than Ethereum.

Market Cap

It is important to look at the market cap of a coin rather than just price. Tron has just under $100 Billion coins. Its price will most likely never reach the price of Bitcoin (about $7,000). Bitcoin only has $21 million coins, where close to $4 million are lost as well making the real number closer to $17 million. However, there is a good chance Tron will surge and hit the multiple dollar marks. In fact, XRP went from less than a penny to over $3 in 2 years time. I used XRP as a comparison because it has a $100 Billion market cap which is very similar to the market cap of TRX.

3 Reasons Why Tron (trx) Will Hit The Multiple Dollar Range $$ | Ecency