Is TRON (TRX) a Good Investment?

TRX has continued to perform poorly in the market, eroding the gains made after its testnet launch at the end of March.

The bare truth is that Tron’s community expected a different trajectory in the coin’s price movements.

The project is about to enter a new phase in its development after it launched its Mainnet at the end of May.

With all that is going on, the one question a would-be investor will ask is whether Tron is still a good investment.
The answer lies in what TRON can possibly achieve going forward. Here’s why I believe, this emerging project could turn out to be a great investment.

The team

For every project worth investing in, the team and what they set out to achieve constitute an important starting point. Tron has one of the strongest teams in cryptosphere.

Perhaps we should just say that of all projects out of China, TRX’s team is the pick of the best.

They have an extraordinary team sourced from the biggest tech companies and the whos-who in the country.

At the helm of the team is yet another bright mind in the shape of its founder and CEO Justin Sun. The team has been able to achieve a faster growth for the platform is less than a year.

The TRON team and Foundation are playing a very big role in the race to gain adoption and ultimately revolutionize the entertainment industry as well as the internet.
We’ve already established that TRON is a great project that is most likely going to achieve global adoption.

And we also know that TRX is attractively priced at the moment. At just $0.0437, the coin is a great bargain.

With expected growth, before long it will have risen to $1, maybe $2. And what if it hits $5 in a few years?

So, if TRX gains anywhere near what it did at the beginning of the year, it will have been a good return.

However, we know that it is capable of much more. Definitely, TRON is a good investment on the basis that its value is set to grow in the near future.

Coin burn

I should have linked this to the low price, but I feel it deserves to be mentioned separately.

Several platforms have engaged coin burns in the past, and some do it on a regular basis. The desired effect is always one: reduce the overall supply and ultimately impact prices.

TRON will burn 1 billion TRX worth $50 million to mark its official migration from the Ethereum network.

According to TRON Foundation, “the amount of TRX at the beginning of mainnet launch will be reduced to 99,000,000,000TRX, and the remaining 33,251,807,524 TRX held by TRON foundation will stay locked until January 1th, 2020.”

Although this isn’t huge enough, the decision to put over 33 billion coins under lock will definitely bolster confidence and improve uptake.

More demand over the next 2 years will see prices go higher. It may not seem so at the moment, but TRON (TRX) could be a very good investment.

The team, alongside the huge potential of the technology, will likely earn HODLers great returns.