Tron Continues to Show a Large Amount of Potential

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The coin known as Tron or TRX last November essentially had no clue to it. Coming in at a fraction of a cent, the coin managed to shoot up to a high peak of over $0.25 where it then fell back down to a fraction of that. The coin currently has a market capitalization of around $6 billion. Even with the low price of the coin it still manages to be in the top 20 digital assets altogether which is quite an impressive feat for the short amount of time that the coin has been around.



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One explanation for this continues to be that the increasing amount of capital that has entered the market has simply made its way to the coin, along with all of the others in the space. The founder of the coin, Justin Sun has also received a large amount of media attention, which has led to a legitimacy surrounding the coin that other coins cannot match. One of the things that many coins face is not having a face to present to the world. This leaves a lot of mystery to a world where that type of anonymity is frowned upon. People like to invest in coins that they can find information about, which makes them have a legitimacy to them.



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The utility of Tron comes from the fact that it offers a new way for those who work online to be paid. More specifically, Tron is hoping to help entertainers or online personalities who are only paid via advertising, be able to be paid in an easier fashion. The coin continues to fill a niche section of the market that does not currently have any competitors. The hopes are high that the coin can maintain this high level of utility.

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