Tron (TRX) is one of the few crypto projects which dubbed itself as an Ethereum Killer that has been able to give the first-mover of smart contracts real competition.
This is why TRX is one of the most traded cryptocurrencies in a space where thousands of tokens find their way on exchanges daily.
The cryptocurrency market experienced its best run yet in 2021. The market cap of all tradable cryptocurrencies at the time of writing is more than $1.9 trillion, with recorded daily volumes of at least $70 billion.
Such statistics present a clear case of the millions of people that have joined the ranks of corporations with huge investment budgets.
Wanting to make huge gains in a short period, many new traders and investors continue to ask questions such as, is crypto safe, and should I invest in crypto?
One of the most trending questions which seem to fit the demands of low-income investors is what might happen if you invest $100 in Tron (TRX) today?
If you invest $100 in Tron today and the value of the cryptocurrency increases buoyed by the demand of traders and investors, which increases your investment to $220, you stand a chance of making a profit of $120.
This is called capital gains and profits can be spread on other cryptos with great potential.
Since investments are based on possibilities and not certainties, you could also suffer irrecoverable losses.
If the value of Tron drops to new high lows on the back of negative crypto market sentiments, to let’s say $5, you stand a chance of losing $95 of your capital.
However, in the world of investing in Tron and crypto investing as a whole, profits and losses can only be quantified if you decide to sell your asset.
At the point of selling, you will incur transaction costs that will either place your new portfolio worth above or below your investment capital.
To learn more about the Tron project, Trading Education has many articles written by experts solely dedicated to Justin Sun’s innovation. These articles can help you learn how you can invest in Tron (TRX).
Content:
If You Invest $100 In Tron (TRX) Today, What Happens?
Can I Invest $100 In Tron (TRX)?
What Makes Tron (TRX) So Valuable?
How To Invest $100 In Tron (TRX)
Will Investing $100 In Tron (TRX) Make You A Millionaire?
What To Consider When Investing $100 In Tron (TRX)?
Should You Invest In Tron (TRX)?
If You Invest $100 In Tron (TRX) Today, What Happens?
The price of Tron (TRX) has been soaring ever since it opened at $0.02683 on 1st January 2021.
With trading volumes on cryptocurrency exchanges reaching new all-time highs, there is a huge chance that you would see more than 100% returns in the not-too-distant future if you were to invest $100 in Tron today.
At the time of writing, TRX value has increased significantly.
The crypto trading asset has returned 3,144.87% for traders and investors who believed in the potential of the Tron Network after the token appeared on cryptocurrency exchanges on 4th September 2017 to date.
This has taken the market capitalization of Tron to more than $6 billion. With new traders and investors asking questions such as, is it good to invest in Tron and is Tron (TRX) worth buying, the value of the cryptocurrency is going to soar even higher.
This will in turn result in massive gains for investors. What’s more, the accessibility of cryptocurrencies plays an invaluable role in its trading volume.
Tron (TRX) continues to enjoy the support of some of the largest cryptocurrency exchanges by trading volumes such as Binance, Poloniex, Kraken, and eToro.
Aside from this, the valuation of the digital coin continues to benefit from innovations on the Tron ecosystem such as decentralized finance projects.
The performance of decentralized applications such as JustLend, Chicken Coop, Golden Eggs, and Nutbox continues to pour more liquidity into TRX since it oversees activities on the Tron ecosystem.
This is one of the primary reasons why analysts at Wallet Investor, Coin Price Forecast, and CryptoNewsZ using fundamental and technical analysis believe Tron is a great project that will have a positive effect on the price patterns of its novel token, TRX.
According to the analysts, price drivers such as increased adoption of the Tron Network for the creation of DAPPS, the utility of the token as a medium of exchange, positive crypto market sentiment, and favourable technical indicators could see the TRX coin trade for an average price of $0.07 by the end of 2022.
Additionally, the analysts estimate TRX to trade for a coin at average prices of $0.10 and $0.16 by the year’s end of 2024 and 2026 respectively.
This means that investing $100 in Tron (TRX) today could see you gain more than 16.67% returns in the short term, 66.67% returns in the medium term, and 166.67% returns in the long term.
But like millions of people who have seen individual crypto whales buy millions of TRXs, you may have asked the question, can you really invest $100 in Tron (TRX)?
Let us find out.
Check Out: How To Make (Or Lose) Money With Tron (TRX)
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Invest $100 In Tron (TRX)?
YES! You can invest as little as $100 in Tronix (TRX).
Since Satoshi Nakamoto’s whitepaper is the basis of all cryptocurrencies, TRX also has the feature of divisibility which is closely linked with utility.
Tron can be divided into eight (8) decimal points.
In the event the cryptocurrency reaches certain price milestones which make it difficult to afford a whole TRX token, you can buy a fraction of the coin.
At $0.06, you can buy about 1,666.6 TRX worth a $100 investment.
With almost 1,000 Tron coins in holdings, if you decide to HODL (hold on for dear life) and TRX hits new price milestones such as $1, $10, or $100 or someday, you know what your new investment worth could make you, a millionaire?
But before you invest in Tron with $100 or any other amount of money you have set aside for cryptocurrencies, it will be in your interest to get to know what Tron is.
What Is Tron?
Tron is one of the most popular smart contracts projects in the crypto finance space.
Its native asset, TRX, is one of the most popular and as well most traded digital coins worldwide.
In the new world of smart contract blockchains, Tron competes with Ethereum, Eosio, Binance, Solana, Polkadot, and Cardano for a share of the decentralized finance market.
Launched in 2017 by crypto enthusiast and technical entrepreneur, Justin Sun, Tron comprises three (3) entities that ensure its efficiency and survival in a market that has surpassed 13,000 projects.
They are the Tron Network, its cryptocurrency Tronix (TRX), and the Tron Foundation (the organization behind the continuous development of the Tron Network/TRX and as well fosters great partnerships that bring mileage to the project).
After appearing on cryptocurrency exchanges in September 2017, TRX initially had an infinitesimal price of $0.001091.
Since then, Tron has gone on to reach new milestones such as hitting an all-time high of $0.3004 on 5th January 2018.
The novel token of the Tron ecosystem tested a year high of $0.1799 on 17th April 2021 with trading volume for the day surpassing $9 billion.
Once you buy Tron on centralized exchanges such as eToro and Poloniex, a digital wallet is automatically created for you. Accessibility to your wallet can only be done through private keys. These private keys can be set by you.
Mostly, for security purposes, you are advised to store private keys in a combination of words, numbers, and symbols (an example is Fran2020*).
Despite the security systems in place to help protect your TRX holdings from external breaches, millions of people prefer to store their tokens in Tron Wallets such as Ledger Nano X, Ledger S, Trezor One, and Jaxx Liberty.
Since we all have more than ten (10) online accounts which come with different passwords, there is a huge chance that private keys to certain accounts such as digital wallets for TRX can be forgotten. Fortunately, on exchanges, there is a 100% chance of regaining access to your account. By following instructions where you input an email address and a contact number associated with the account, links and pin codes are sent to guide you restore your account.
Unfortunately, the same cannot be said for storing your TRX holdings on Ledger Nano S, Exodus Wallet, and others.
In the process of registering for an account on these wallets, private keys or passcodes are automatically generated for you and arranged in a particular order.
Once you lose the words and more importantly, the order of arrangement, there is less than a 5% chance of regaining access to your account (no matter the size of your TRX holdings).
Editor’s Note: Whether you store on cryptocurrency exchanges or wallets, hold onto your private keys and passcodes with your life.
The creation, storage, trading, and distribution of virtual currencies including TRX employs a decentralized ledger system called a blockchain. Peer-to-Peer (P2P) technology is the process through which payments are facilitated.
To maintain and update the protocol to meet the modern standards of decentralized finance, the creation and usage of stablecoins, and non-fungible tokens (NFTs), the project relies on upgrades to the Tron Network.
Such upgrades are what have contributed to the more than 58 million accounts and 2.5 billion transactions the Tron Network has been involved in. This has made Tron one of the fastest-growing public chains in the world.
To illustrate how Tron works as an investment instrument, anyone who purchased TRX in September 2017 has made incredible returns due to its price spikes in the years that followed.
Cryptocurrency traders, blockchain enthusiasts, and decentralized finance fans that invested $100 when TRX traded for $0.02683 on the 1st day of 2021 bought 3,727.17107715 coins.
If they held onto the more than 3,700 TRX tokens when it reached a year high of $0.1799 in April 2021 and sold at the right time, the value of their TRX holdings would have been worth $670 at that time. This is a 570% increase in a $100 investment capital.
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What Makes Tron (TRX) So Valuable?
Tron, like all cryptocurrencies, holds no intrinsic value.
Since intrinsic value considers several factors that focus more on the potential of the entirety of a project and not mere speculation, cryptocurrencies such as Tron cannot be categorized as such.
Being mere speculative assets trying to destabilize the centralized finance system, Tron is not backed by any physical asset such as gold, silver, or diamond.
As a result, the market value of Tron can be determined via reserve risk analysis.
Under this, if the price of an asset is low but investor confidence is high, a token becomes an attractive investment.
On the other hand, even if the price of an asset is high but the investor is low, a token becomes an unattractive investment.
The market value of Tron continues to increase because investor interest is high (reflective of the more than $1 billion poured into the cryptocurrency daily since October 1, 2021) although the price continues to trade below 50 cents.
On the other hand, the market value of Tron could decrease if investor confidence is low. In such a case a bearish season could plummet all cryptocurrencies which will decrease the value of your TRX holdings.
As of October 2021, there are no physical representations of TRX.
As a result, no central bank governors from any part of the world support its usage as a transactional currency.
Therefore, TRX does not qualify as a legal tender.
Yet, Tron is mentioned along with some of the noteworthy cryptocurrencies on the market.
Ranked as a top 30 digital asset, TRON is more valuable than some mainstream companies such as Columbia Sportswear, COSMOS Pharmaceuticals, and MGM Growth Properties whose market value falls below $7 billion.
Many blockchain and decentralized finance experts view Tron as one of the future technologies of finance.
Offering features such as high availability, scalability, and throughput, experts believe Tron provides a quicker and cost-effective payment system that can transform peer-to-peer transactions.
With more than $7 billion in total value locked in JustDeFi and more than $9 billion in total value locked in the Tron Network, TRX will continue to see huge investor interest.
Although cryptocurrencies are highly volatile, TRX is one of the altcoins that can provide you with consistent passive income for a long period.
Don't Miss: TRON Price Predictions
How To Invest $100 In Tron (TRX)
You can invest $100 in Tron on more than 20 cryptocurrency exchanges.
As an e-learning organization, we prioritize exchanges that are easy to use, have great customer service, provide three-way accessibility (website, applications on android and iOS mobile devices), process transactions fast, are highly secured, and support many countries. This is why we recommend eToro as a well-established multi-exchange with awesome reviews by millions of customers.
Although this article is primarily centered on what might happen if you invest $100 in Tron today, there are no limits on the amount of money you can invest in Tron (TRX).
At the end of the day, it’s your funds, but you must watch out for minimum amounts you can trade if you are a low-income investor. Since eToro offers great services, you can start investing $100 in Tron.
Follow the steps below to create an account and you would be set on your investing journey.
Firstly, Sign Up for an Account with eToro.
Input authentic details of your full legal name, phone number, email, and residential address. As part of the first step of the verification process, your email and phone number will be verified.
Secondly, Verify Your Account.
eToro will request a government-issued identification card that confirms details of your earlier input that also has your signature embossed in front or at the back. More often than not, you would be asked to upload credit card statements, bank statements, and internet bills to confirm proof of residence.
Thirdly, You Must Deposit Funds.
Without money, you cannot trade. Choose from a range of options such as bank cards, bank wire transfers, and wallets such as PayPal and Skrill. Upload $100 or the equivalent of $100 in your preferred currency (EUR, or GBP).
Lastly, Navigate to the Tron Page.
On this page, you can order several Tron coins. The order will be processed and completed.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will Investing $100 In Tron (TRX) Make You A Millionaire?
Investing $100 in Tron (TRX) could make you a millionaire if you hold onto your TRX for the foreseeable future and the token tests new high highs.
Fortunately, the bullish nature of the crypto market means that TRX could attain great prices.
For understanding, let us use simple mathematics to analyze how a $100 investment can turn into a millionaire maker.
At $100, you can purchase 1,666.6 TRX.
You could become a millionaire if TRX trades for $1,050 in the future.
At $1,050 and 1,666.6 TRX in holdings, simple mathematics in the form of multiplication will provide the millionaire statistic.
$1,050 multiplied by (×) 1,666.6 totals $1,749,930 (millionaire maker).
Inasmuch as Tron continues to form an integral part of the current crypto revolution called decentralized finance, many experts still consider TRX a high-risk investment.
With that said, the Tron Network has become too popular, its founder Justin Sun is very influential, and the cryptocurrency continues to record billions daily, making it an asset that would not be heading for extinction.
Tron is a digital asset you should consider adding to your portfolio of investments because of the hidden rewards it possesses.
Read Also: You Asked: What If I Invest $10 In Tron?
What To Consider When Investing $100 In Tron (TRX)?
Before you decide to invest $100 in Tron, it would be in your interest to consider the following.
Virtual Currencies and Blockchain Technology Is a New Concept
Many people think that all cryptocurrencies are called Bitcoin.
But there are more than 16,000 cryptos in the space.
As a result, you should continue to learn more about digital currencies and their potential as financial instruments. Cryptocurrencies reached new all-time highs in April and the first two weeks of May and plummeted to new high lows from the second week of May through to the end of August.
Therefore, no one knows the future of digital currencies.
Invest $100 in Tron (TRX) with extreme caution.
Know the Actual Costs Involved
Many people had their $100 ready on their bank card only for their investment to go through depositing and transaction fees which left them with $90 to $95 to invest in Tron.
Know the fee structure of your preferred exchange.
This is because whatever happens, you are going to pay for your purchase. Figure out fees and it will help you know how much you have to deposit to help you invest $100 in Tron.
Know Your Risk Tolerance
Will losing $100 affect your personal finance? Should TRX plummet to new high lows on the back of a bearish season that will take a long time for bulls to return, can you survive without your capital? Cryptocurrencies are a highly volatile asset class.
Predictions by experts are based on possibilities and NOT certainties.
If you assess your level of risk and $100 will not deplete your savings by much, you can invest $100 in Tron.
Should You Invest In Tron (TRX)?
YES! Tron (TRX) is an asset worth investing in due to its long-term potential. It would have been great news to have invested in TRX earlier in 2021. This way, you could have made more than 500% returns. On the other hand, the current trading price of TRX means you can still buy more coins with $100.
But before you decide, always ask the question, do the potential rewards of investing $100 in TRON outweigh the possible consequences of the risks?
Investing in TRX has made some millionaires; perhaps today could be the time to start a journey that could also see you become a crypto millionaire.
eToro – Best Exchange To Buy TRON
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.