Cryptocurrencies are quite complicated. They are known for their volatility and extreme price fluctuations in a short time span. So, before investing in or buying TRON, make sure you understand all the factors that have an impact on the value of this currency. Before making any predictions, it’s very important to know some of the factors that may help the price increase, or bring it down.
Tron is also one of the cryptocurrencies that have partnered with a number of big names, especially from the entertainment industry. These partnerships can help increase the popularity of Tron and also to make it more desirable for other corporate partners. TRON’s founder Justin Sun was listed in the Forbes ‘’30 Under 30 which influenced the popularity of TRON a lot.
Last year in December and in January this year, the price of TRON rose to a stunning 3.650%. Rapid growth like this can really attract speculators and also those people who get affected by FOMO. This is why TRON has a great chance of creating a popular platform where users can store their own data without the middlemen.
However, some critics pointed out that Justin Sun is lacking credibility because of a previous plagiarism scandal. This could have a great impact on how the public perceives this cryptocurrency and also might bring to lowering down the price. The currency was also criticized for making misleading announcements about further partnerships. Another key factor that might have a huge influence on the value of TRX will be the widespread adoption. This means that TRX has to compete with giants such as Google, Instagram, and even Facebook because its main goal is to be an established content channel.
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