Smartereum earlier reported about Tron price prediction 2019 and it suggests that the cryptocurrency will hit $12 by the end of the year. The digital currency has made several headlines in Q1 this year. The most prominent news includes the BitTorrent Protocol launch among others. This token sold out under 15 minutes after it was launched on Binance’s Launchpad program. Tron mainnet launch took place last year, and its effect is still visible today.
TRON (TRX) Price Today – TRX / USD
The Tron blockchain platform is built to hold a decentralized entertainment platform. So far, TRX has been a top contender in the dApp wars. Tron dApps is leading the pack and has more active users than EOS and Ethereum.
Tron partnerships so far
The digital currency has also collaborated with top names and announced major upgrades such as the BitTorrent protocol. With all these upgrades, is it possible for Tron to see a 250% increase by the year’s end? Is the Tron price prediction 2019 still attainable? Here are some positive drivers that could make this possible.
Tron has been added to CoinGate which allows users to pay for services and products using Tron token. This has also increased Tron use cases.
ABBC Exchange has also partnered with Tron to list TRC – 10 tokens that are based on the Tron protocol.
Another exciting partnership that promises to change things for the cryptocurrency is the one with Tether. The pair is teaming up to launch a stablecoin that is native to Tron blockchain. The coin is interoperable with the Tron dApps and Tron-based protocols.
BitTorrent Protocol speed
Also, Tron acquired BitTorrent a year ago for a large sum of about $140 million. The purchase has increased Tron’s user base since Tron inherited 100 million users from BitTorrent before the company was taken over.
The digital currency is planning to release BitTorrent speed in the second quarter of this year. The application will allow the users to accept BitTorrent Tokens to offer speed and bandwidth as they use the BitTorrent program to share data.
In the second quarter of the year, crypto enthusiasts look forward to the implementation of this ZK-SNARKS to the digital currency protocol. It is a privacy technology which was initially implemented on ZCash.
This protocol will come in handy at a time where data is coveted by advertisers who will do everything to get private data. It will keep the user’s data private. Tron users can also carry out private transactions that may not be traceable by blockchain forensics.
Tron price prediction 2019
Looking at the TRX/USD market, it is clear that there are some key resistance areas that show that TRX will reach $0.08.
The digital currency is struggling to stay above the 100-day MA. Still, it battled to break the level this month. If the market succeeds in breaking this MA, the price will move up slowly. If the bulls climb above $0.04, then more resistance can be expected at $0.05013.
For this 250% price increase to become a reality, the market has to break above resistance mainly at the .618 Fibonacci Retracement level. It is pegged at $0.05667, and the higher resistance is at $0.06395 and $0.070.
Tron has had a lot going on for it with the Tron dApps, Tron Mainnet Launch and many more partnerships. There are fears that overregulation could affect the cryptocurrency’s growth potential. Still, Tron price prediction 2019 is promising.