Tron (TRX) crypto has regained some bullish momentum after the market was overtaken by a strong bearish divergence. Although the cryptocurrency is still trending downwards, a minor upside move can be observed. However, whether the bullish move is the reversal of trend or just a minor correction, it Is not known. At the time of writing, Tron coin stands at a price level of $0.062. The price and the trading volume in the past twenty-four hours have increased by 2%. In the weekly timeframe, the cryptocurrency has declined by 8%.
Is Tron (TRX) a good long-term investment?
Tron is a content sharing and entertainment platform based on the blockchain. The aim of the blockchain is to build a free global entertainment industry. However, Tron does not strictly operate in content and entertainment. Tron recently acquired BitTorrent – a peer-to-peer file sharing platform – which was one of its biggest acquisition.
For the future, Tron has an elaborate roadmap with the stage Star Trek to be incorporated in 2023 and Eternity in 2025. By the end of the roadmap, Tron will have become the one-stop shop platform for content creators with decentralized gaming, predictive market platforms, and also fundraising options.
What makes Tron (TRX) unique?
Tron was founded by Justin Sun in 2017. Sun is known to be a dynamic entrepreneur and eccentric personality. Sun was Forbes 30 under 30 entrepreneurs and has also previously been affiliated with Ripple. It is the energy and dedication of the founder that will take Tron to new heights of success. Tron has begun infiltrating the entertainment industry with its unique offering of connecting content creators and consumers by eliminating the middle men. The platform may also have gotten a lead in this aspect.
Moreover, the long-term price predictions for Tron crypto are bullish. According to the estimates of Wallet Investor, Tron is expected to have a price of $0.385 in five years’ time while Digital Coin Price expects a value of $0.27.
