There are lots of reasons why you might want to invest in TRON TRX. Many think that they have to be a savvy investor with lots of capital — but, with some common sense and research, it’s pretty accessible, even for beginners.
Tron is one of the tokens that emerged during the 2017 crypto rally. While most tokens thereafter went burst and never came back, Tron has thrived. It moved from an ERC-20 token and launched on its own blockchain. Since then it has grown its partnerships and has established itself in the Dapps market.
Price-wise, Tron tends to move in tandem with the rest of the market. It lost value in 2018 but has since retested its all-time highs in the May 2021 crypto rally. That said, here are 22 reasons why you should invest in Tron now.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
22 Reasons Why You Should Invest In TRON Today
There are all kinds of reasons why you might want to invest in TRON TRX — probably some you’ve never considered. Here are 22 that we found.
1. Tron has a strong developer team
The developer team behind a cryptocurrency can make or break it. In the case of Tron, the team is one of the best in crypto space. Not only did they come up with one of the most scalable blockchains, they are also regularly working to make it adaptable to changing needs in the market.
For instance, they managed to integrate Tron with Bittorent, and in the process widened the scope-of-use for this blockchain. With such a strong team, it is not hard to see why Tron has a good future ahead. The team is one of the best reasons to invest in Tron now.
2. Tron is one of the best for decentralized content distribution
Decentralization is taking root in society and is part of the reason why cryptocurrencies are growing in adoption. While most cryptos are moving to decentralize money issuance and distribution, Tron does that and a little more. It is decentralizing how content is distributed online.
With the Tron blockchain, people can share content such as documents, movies, and other content, and get paid in Tron. This was the whole essence of integrating Bittorent. As more people use the platform for content distribution, demand for Tron will rise. This will drive up its value over time.
3. Tron has very low transaction costs
Transaction costs are among the key determinants of the usability of a cryptocurrency. For instance, Bitcoin at this moment is not very practical as a currency.
The transaction costs are simply so high. Its main source of value today is its low supply, which makes it perfect as a store-of-value. On its part, Tron is quite practical as a currency, which is a plus to its use cases. Sending Tron is very cheap, and these transactions are almost instantaneous. With the growing adoption of cryptocurrencies, this is a feature that makes Tron good crypto to invest in now.
4. Tron is an independent blockchain
Tron started as an ER20 token but later moved to its blockchain. This is a big deal because it means it is no longer affected by issues of the Ethereum blockchain.
Besides, this gave it the leeway to grow independently by allowing developers to come up with smart contracts on Tron.
This has made the Tron blockchain more efficient and opened up demand for Tron (TRX). With the ever-growing network of developers on Tron, this will be a source of value for TRX. It is the same way that Ethereum is growing due to an explosion of projects being launched on the blockchain.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Tron is supported by Bixin wallet
Cryptocurrency storage is a huge issue today due to the sophisticated nature of hackers. There are also so many cryptos that do not have functional wallets, forcing investors to leave their crypto holdings on exchanges. Tron does not have this problem.
One of the wallets where one can store their Tron is Bixin. This is one of the oldest and most secure blockchain wallets ever developed. This factor makes Tron quite attractive to HODLERs who believe in it as a long-term investment. With Tron’s fundamentals rock solid, this factor could play a role in drawing new investors to Tron long-term. By extension, it makes Tron a good investment for anyone with a long-term view of the market.
6. Tron is designed for the real world
The crypto market is full of coins and tokens that have no real usage. A good chunk of the tokens are fancy whitepapers with no substance. This puts them at risk of collapse in case the market collapse. This happened once after the ICO bubble burst in 2018.
While the entire market retraced by over 70%, tokens that had nothing going on, simply died out. Tron is one of the cryptos that survived and has made a rebound in the current market rally.
That’s because it has real-world use cases especially in entertainment, payments, and content distribution. Since these use cases are still in their early stages, it is safe to say that Tron is a good cryptocurrency to buy with a long-term view of the market.
Read More: Is It Worth Investing in Tron?
7. Tron is quite popular in Asia
Asia is one of the most important markets for cryptocurrencies. This is largely due to the highly digitized nature of these societies. In places like China, South Korea, and Japan, society has pretty much gone cashless. The young people in this region are also very receptive to cryptocurrencies.
As such, any cryptocurrency that is recognized in this region is pretty much a guarantee of growth. Tron is one of the cryptocurrencies that is quite popular in Asia. That’s primarily because it’s of Asian origin. Its founder is also quite aggressive in pushing Tron through creative marketing.
8. Tron benefits a lot from Justin Sun marketing
Justin Sun is not just another crypto founder but also an excellent marketer. He never wastes an opportunity to publicize Tron. In 2020, he paid over $3 million to have lunch with Warren Buffet.
This is a huge deal because lunches with Warren Buffet are usually highlighted on pretty much all American mainstream media. This exposed Tron to a lot of Americans who hitherto knew very little about Tron.
In 2021, he was at it again, this time around capitalizing on the NFTs hype and in the Wallstreetsbets-driven stock rally. During the GameStop stock rally, Sun stated that he was buying $10 million worth of the stock.
This, too, was very heavily publicized and created even more visibility for Tron. With a founder this committed to the project, there is no doubt that Tron will keep drawing in new investors and help draw its value in the long run. It’s a good enough reason to buy Tron now.
9. Tron is benefiting from whole market momentum
The entire crypto market is on the rise, and this time around, it looks more sustainable than the 2017 rally. That’s because, unlike the 2017 rally that was mainly driven by retail investors, this one also includes institutions.
Big banks such as JP Morgan are quite big on crypto, while influential investors like Elon Musk have been quite vocal on it too. The rate of crypto adoption for payments is also rising.
This means the bullish momentum is likely to sustain. For fundamentally strong cryptos like Tron, this is an assurance for potential value appreciation going forward.
Check Out: Will Tron Make Me Rich?
10. Tron is listed on multiple exchanges
The number of exchanges where crypto is listed plays a role in its growth. It impacts its liquidity and demand. Tron is doing quite well on this front. It is listed on multiple exchanges in Asia and beyond.
One of the most important exchanges where Tron is listed is Binance. Binance is one of the largest exchanges in the world, and any crypto listed there is guaranteed liquidity. With market momentum pointing to growth, this ease of availability will play into Tron’s demand long term.
11. Tron is a highly volatile cryptocurrency
Volatility not only makes an asset interesting but also quite profitable. One just needs to know when to buy and sell. Tron’s volatility is pretty much in tandem with the rest of the market. For instance, a few months ago, it was trading at around $0.01.
Today, it is holding steady above $0.06. For someone who bought the dip, this has been quite a profitable ride. Even in day trading, Tron is quite volatile and can fluctuate by 2 to 5%. For anyone who knows how to trade the markets, this is profitable.
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12. Tron is very liquid
Liquidity is key for ease of entry and exit from a cryptocurrency. No one wants to invest in an asset where a single deposit or withdrawal can lead to a massive spike in value.
Tron happens to be one of the most liquid cryptos in the market. Its liquidity stems from its multiple exchange listings, and the ever-rising levels of activity on the Tron blockchain.
Millions of Tron change hands on the Tron blockchain for everything from file transfers, games, music, to token development. This makes Tron one of the cryptos to buy under current market conditions.
13. Tron is a low-cost crypto
There are many cryptocurrencies that have moved from just a few cents to over a dollar. This is a huge incentive for investors to try and accumulate on low-cost cryptocurrencies in hopes of making it big in the future. This is quite evident in the surge in demand for tokens like Safemoon.
Tron happens to be in the category of cryptocurrencies that have the potential to make it big in the long run. Aside from its price, it also has a host of underlying fundamentals to back it up. It is one of the cryptocurrencies that makes sense to accumulate, with long-term value growth in mind.
Read Also: What Will TRON Be Worth In 10 Years?
14. Tron has a strong community
Tron has one of the strongest communities in the crypto space. They are vocal on almost all social media platforms ranging from Reddit, Discord, to Twitter.
The Tron community is always ready to pump up Tron’s benefits and make them noticeable across the crypto sphere. This is a good reason to buy Tron. That’s because the hype they create draws in new investors and that’s good for Tron’s demand. It is an assurance of its long-term growth.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
15. Tron’s adoption is highly underrated
When most people think of crypto adoption, the first thing that comes to mind is Bitcoin, Ethereum, XRP, and the likes. However, Tron easily ranks among the top in adoption.
Just a year after its launch, Tron clinched a number of valuable partnerships. At the time, even highly rated cryptocurrencies like XRP had not clinched much in partnerships. Some of the partnerships that Tron has clinched so far are as below:
oBike
Tron entered into a partnership with oBike in December 2017. This partnership allowed oBike’s 10 million-plus users to start paying using Tron.
Global Social Chain (GSC) partnership
Tron entered into a partnership with Global Social Chain in January 2018. This meant that GSC’s 100 million-plus users now have access to the Tron blockchain.
Gifto
Tron entered into a partnership with Gifto, a blockchain-based platform for sharing gifts. The partnership made it easier for Gifto to handle even more transactions.
Game.com
In its early days, Tron partnered with Game.com, for the development of a blockchain fun game called Pet Planet. This was a big deal because it came right after Crypto Kitties, the blockchain-based game that bogged down Ethereum.
BitGuild
This was another of Tron’s partnerships and was signed in early 2018. Through this partnership, BitGuild, a blockchain gaming platform aims to enhance the relationship between gamers, and developers. The end goal is for a better gaming experience for the end-user.
However, the biggest turning point for Tron was when it moved to its mainnet. This opened the doors for adoption, and developers have built hundreds of Dapps on it. While most of them are gambling-related it is progress that not many other blockchains have achieved.
Read More: Is Tron a Good Investment?
16. Tron’s Roadmap paints a picture of growth
You can tell the direction a cryptocurrency is likely to take by looking at its roadmap. Any missed milestones without an explanation should be a red flag. In the case of Tron, every milestone in its whitepaper has been met up to this point. Some of its aspects of the roadmap are as below:
Star Trek Phase – April 2023 to September 2025
From April 2023 to September 2025, Tron will enter the Star Trek phase of its development. This phase will entail the development of a decentralized gaming platform. The goal is to help developers in monetizing their games in a fully decentralized environment.
Eternity Phase - September 2025 to September 2027
This will be the final phase of the Tron blockchain roadmap. Once this phase of the roadmap was completed, developers will be in a position to crowdfund for the development of their games. It will open up the gaming market by letting investors have a stake in the various games developed on Tron.
With such a solid roadmap and lots of accomplishments to date, Tron is a good buy at current prices.
17. Tron has lots of excitement around TronDogs
Tron has a highly popular game called TronDogs. Through this game, people can purchase virtual dogs, breed them, and come up with new breeds. These new breeds can then be sold using Tron.
TronDogs also has a coin burn feature built into it. When one does not take care of their TronDogs, they die, and their worth in Tron is removed from circulation.
TronDogs is a big deal for Tron for two reasons. First, it creates liquidity on the Tron blockchain. That’s because users have to use Tron to play. Secondly, by burning Tron, the supply is reducing relative to the supply. This will play a role to growing the value of Tron in the long run.
The fact that TronDogs has not overwhelmed the network is an indicator of the scalable nature of Tron. It is a good reason to buy Tron with a view of the future.
18. Tron is very secure
Tron is one of the most secure blockchains out there. Since it was launched, Tron has never been hacked. The project also regularly offers bounties to anyone who can identify bugs in the system.
Not only does this incentivize the good guys to act, but it also acts as a deterrent to potential bad guys. It’s much easier to identify a bug and get paid $100k, than to try to hack Tron and fail.
Tron’s watertight security is also an incentive for any one investor. It is a guarantee that they will never lose the worth of their investments due to a security compromise. Security, coupled with strong use cases is a good reason to buy Tron today.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
19. Tron is one of the most scalable platform blockchains
Ethereum has been tested to the limit, and it has proven to have inherent scalability issues. Recently, gas prices shot up so high that they necessitated the Berlin fork. This has necessitated developers to look to other blockchains. Tron is one of those that have benefited. This is quite evident in the increase in Tether USDT being issued on the Tron blockchain.
The Tron blockchain has benefited from its high scalability. That’s because it is designed for scalability, and even as the transactions rise on-chain, cost remains low, and transactions fast.
The increased adoption of blockchain technology for Dapps is a positive indicator for Tron. That’s because it is likely to keep drawing in developers who want to create complex applications without having to deal with lags or exorbitant costs. Games are one of the frontiers where Tron could see widespread adoption due to its scalable nature.
20. You can stake Tron (TRX)
Staking has become of the biggest ways to earn a passive income in crypto. This is quite evident in the amount of money that has gone towards staking Ethereum since it launched Ethereum 2.0. Tron too has seen an increase in the number of people staking on various exchanges.
The best thing about Tron is that it can also be staked on multiple wallets. Staking is good for the long-term value for Tron. That’s because it pushes up demand while taking out a segment of the total Tron supply from circulation. This is a reason to invest both for the passive income and the long-term value appreciation.
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21. Tron has Sun Network for Dapps efficiency
Tron is constantly trying to improve itself for maximum efficiency. The latest of such improvements is the Sun Network. This is a side chain whose goal is to help developers create Dapps faster, safely while consuming less energy.
This will serve to drive up the number of Dapps on Tron. Since Dapps are a key driver to the value of any platform blockchain, Tron is well-positioned for long-term growth. As such, it makes for a good buy right now, in anticipation of price appreciation as more developers launch projects on Tron.
22. Tron technical analysis paints a positive picture
Price action, while short-term is a key determinant to investment flow into an asset. Tron is one of the cryptos that at this point has a bullish price action. Volume oscillators indicate that there is strong trading activity in Tron at this point. Similarly, key indicators such as moving averages are all bullish.
This bullish price action is a good reason to buy Tron. That’s because as more people buy into this asset chasing gains, the prices will rise. This is a good enough reason to buy Tron, in anticipation of short to long-term profits.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.