TRON cryptocurrency, possible prospects

Against the backdrop of events in Ukraine, the popularity of cryptocurrencies as an investment asset has noticeably dropped, while at the same time the share of electronic money in financial transactions has increased significantly.

Stablecoins are especially popular because their exchange rate is stable, which allows you to avoid losses when the exchange rate declines.

Stablecoins are not inherently separate cryptocurrencies, but are based on the blockchains of Bitcoin, Ethereum, Tron and some other cryptocurrencies.

At the same time, stablecoins using the protocol from Ethereum and Tron are in the lead; every day the turnover in Tether, USD Coin, Binance USD is only growing, which means that the demand for cryptocurrencies that support transactions is also growing.

 

Moreover, as practice shows, transfers using Tron are significantly cheaper than operations based on Ethereum, you especially notice this when you work with large sums.

The Tron cryptocurrency appeared in 2017 and over the five years of its existence has gained enormous popularity; today its market capitalization is about 6 billion US dollars.

TRON (TRX) was created as an alternative to Ethereum, the cryptocurrency has similar functionality, but at the same time, Tron is much cheaper, which has a positive effect on the cost of conducting financial transactions based on it.

Today, the token costs only $0.06, which makes the asset extremely attractive for investment, because if we assume that the coin follows the fate of Ethereum and rises in price to at least $600, then the profit will be 1,000,000%.

The opportunity to receive high interest on deposits based on Tron also has a positive effect on demand, sometimes the interest rate reaches 20% per annum:

At the moment, TRON (TRX) is one of the few cryptocurrencies whose rate can still grow quite well. The low cost of the coin also plays an important role; 1000 TRX now costs only 60 US dollars.

And the use of Tron as a blockchain for leading stablecoins gives hope that the cryptocurrency is insured against a fall.

You can buy TRON (TRX) in the trading terminals of the following brokers - https://time-forex.com/kriptovaluty/brokery-kriptovalut or on the Binance crypto exchange - https://www.binance.com/