Tron (TRX)’s CoinPlay: The First Blockchain-Based App Store in The World

Blockchain technology has been growing at a very fast pace over the past years. There is also a very high demand for blockchain-based and innovative tech products all over the world. Mergers and acquisitions have also become a trend in the blockchain industry. While blockchain is known as the bed rock for many digital currencies, the technology has a wide range of applications other than cryptocurrencies.

Tron (TRX) is one of the most outstanding blockchain projects in the crypto space. The digital currency has been around for some time, and it has been making waves in the industry. Ever since the Tron Mainnet launch, Tron has been soaring high. Tron was built on the blockchain of Ethereum. The project later gained independence with the Tron Mainnet launch and migrated to its Mainnet.

As such, many are exploring the potential use cases of the technology. Many now opt for a smart crypto course, crypto crew university, venture into Bakkt crypto, world crypto con, and more. Will crypto ever recover, will Tron recover? Chances are the market will rejuvenate as many projects are seeing great levels of developments. The numerous Tron price predictions 2019 out there also act as a bullish trend for the coin.

Tron (TRX)’s CoinPlay

Tron is known for acquiring top tech firms in the world. Last year, Justin Sun – the CEO and founder of Tron (TRX) – acquired BitTorrent. BitTorrent is the largest file-sharing platform in the world. Sun acquired the platform to extend the reach of Tron (TRX) to BitTorrent’s 100 million plus users. Tron just made another strategic acquisition.

Tron just acquired CoinPlay. CoinPlay is the first blockchain-based app store in the world. This marks the second major acquisition Tron has made since the Tron Mainnet launch.

Tron Aims a Decentralized Internet

The ultimate goal of the Tron blockchain project is to build an infrastructure for the decentralized internet. Tron’s acquisition of CoinPlay reaffirms the commitment of the firm towards its goal to build a decentralized internet. The announcement of the acquisition was made on Thursday via a blog post. A snippet of the announcement states:

CoinPlay positions itself as a blockchain app sore that aims to offer the most suitable, updated, and comprehensive blockchain applications. At the moment, popular blockchain-based applications are often difficult to find at conventional app stores. It is also difficult to screen the source for safe download.”

TRON (TRX) Price Today – TRX / USD

Name Price
bitcoin
Bitcoin
$10,163.07-4.21%
tron
TRON
$0.017-2.14%

The blockchain industry has been experiencing a boom over the past couple of years. Top players in major industries are now showing interest in the space. Major global corporations such as JP Morgan, HSBC, VISA, IBM, and Microsoft have shown their interest in the blockchain space. Some governments in various nations have also shown interest in the innovative technology.

Tron Price Prediction April 2019 Bullish Scenario

According to UToday,  breakout from the triangle formed is bullish for the price of Tron but in this case, it has failed to gain momentum and strength to move to higher price levels. Instead Tron has consolidated in the range $0.02235-$0.02788. Daily Bollinger bands have contracted a lot indicating lower volatility, which could lead to a new breakout soon, like in mid-November 2018.

The strength of the trend is very weak, but still the dominant trend is the uptrend, as the +DI line is currently above the -DI line and the ADX/DMI indicator shows clearly a weak trend. MACD indicator is flat and the Stochastics indicator is at neutral levels. Momentum indicator is also flat. We estimate that the lower Bollinger band at $0.02220 is a strong support zone and if the breakout is to happen to the upside potential targets are $0.02475, $0.026 and the recent high in late February 2019 at $0.02780. On the weekly chart our target is $0.0030, the upper Weekly Bollinger band.

Tron (TRX) Price Prediction

The found of Tron (TRX) – Justin Sun – is one of the biggest crypto bulls in the cryptocurrency industry. Sun so much believes in Tron (TRX) and the cryptocurrency space. He also has a bullish Tron price prediction 2019, and he believes a crypto bull run is on the way. The success story of Sun in the blockchain and digital currency space has also inspired many to come into the space. Sun and the Tron (TRX) community is strongly behind the digital currency and the blockchain project. Tron has been striving to remain relevant in the space, and it has achieved a great level of success since the Tron Mainnet launch.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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