Tron is a popular blockchain-based operating system that allows users to build decentralised applications and exchange media assets. The TRX token is used to obtain access to specific elements of the Tron Protocol's operating software. As a result, the token's primary function is to be used on the Tron network. It can, however, be regarded as a virtual money because it is still a store of value that can be sold on exchanges.

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Justin Sun, the founder of Tron, renamed TRX to Tronix in 2014. In fact, he built Tron in 2017, which was also the year the Tron Foundation was founded to keep it running.Justin Sun declared in 2021 that the Tron foundation would be disbanded and that Tron would be maintained by the community, while he would continue to serve as ambassador.

Foundar of TRON foundation

Originally, TRX tokens were ERC-20-based and supported by the Ethereum blockchain, however they split in 2018 to become their own token with their own blockchain. Tron purchased BitTorrent, the internet's largest decentralised file-sharing site, in the same year, which was a critical step in their quest to level the internet's media playing field.

TRX attained its highest price in January 2018, when it hit an all-time high of $0.30. At the time of writing, it was placed 27th in terms of market capitalization when compared to other cryptos.

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The network is based on a few ideas, the first of which is that all data on the network is free and not under the jurisdiction of a central authority. Content providers can be awarded with online assets, like as the TRX token or other crypto tokens backed by TRON (TRX), in exchange for their work. Creators can build their own coins or tokens that can be utilised within their own Dapps on the network.

The chief Tron (Trx) coin serves as a foundation for these newly minted tokens. The support of games on the network is one of the last steps of the network growth strategy. These would be completely decentralised, and consumers would be able to directly reward the designers with their own digital assets if they enjoyed the game.

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Tron (Trx) network has a delegated proof-of-stake (Dpos) system, which means it consumes a fraction of the power of competing currencies like Bitcoin (BTC) and Ethereum (ETH) cryptos. To produce new blocks for the network, the Tron delegated proof-of-stake method relies on 27 super representatives. These individuals are chosen by a vote of TRX coin holders. Keep in mind that TRX cannot be mined instead, tokens can be obtained by staking existing tokens to help with transaction validation. For their assistance in validating transactions, Stakers will be paid a token creation or transaction charge. Tron claims to be able to process 10,000 transactions per second with no fees.

• EXCHANGES

TRON (Trx) is traded on Binance, Coinone, Bittrex, Crypto.com, poloniex, FTX, Bithumb, Just swap, Huobi Global, FTX US, Kucoin, Gate.io, MEXC, Shushi swap, OkEX, Wazirx, bybit, bitfinex, Kraken, and poloniex, among other major cryptocurrency exchanges.

The screenshots above show the top 30 crypto major exchanges that list the Trx cryptocurrency.

• Coinmarketcap Details

TRON (Trx) is currently trading at $0.06413 dollars according to Coinmarketcap. It has changed by -$0.001999 dollors in the previous 24 hours. Its 24-hour low and high are $0.064 and $0.06655, respectively. It had a trading volume of $798,434,197.44 dollors in the last 24 hours. It has a 0.33 percent Market Dominance and a Market Rank of 27, which is a favourable factor. It has a market capitalization of almost 6 billion dollars. You can also see all the details in the pictures below.

Its all-time high is $0.3004. It was set four years ago. Its all-time low is $0.001091, which was set 5 years ago. TRON's return on investment (ROI) is 3027.66 percent, which is a good thing.The total supply of TRON is 101,700,818,123 TRX. The total supply is 101,700,816,726 TRX, with no information on the maximum supply.

Why are you optimistic about this token today, and how long do you think it can rise?

The first good thing about TRON (Trx) is that , it has rank of 27th and is among the top 30. It has a 0.33 market dominance, which is also a plus.

It is available on almost all crypto exchanges due to its progress, which is a good thing. With a market capitalization of almost $6 billion, you can imagine how many people believe in it.

Another advantage is that it has its own blockchain, which is the largest and has the lowest transaction fee. Another reason for me to be positive is its contribution to steemit.

So, these are some of my reasons for confidence regarding that coin, and if we talk about how long it will rise, I believe it will reach 0.30 cents by the end of 2022.

How to analyze the token? (using the analysis knowledge learned from professors’ courses) - the most important part and Do you intend to keep it for a long time or when to sell it?

To check my entry positions in Trx coin, I'll use two indicators. The first indicator is called the Median indicator, which I learned from professor abdu.navi03, and the second indicator is called the Parabolic SAR, which is my favourite indicator.

The first indiactor is median indicator. A trend-based indicator is the median indicator. A bullish trend is shown by the colour green, while a negative trend is indicated by the colour purple. When employing the median indicator to indicate an uptrend, the median value must be greater than the EMA value. When the green cloud appears, it shows that the trend is bullish, and a buy entry can be made. On the other side, we know we're in a downtrend when the median result is purple and the thick line looks to be travelling above the market price. The ideal moment to sell is right now.

The second indicator I used in this trade was the parabolic SAR indicator. It consists of a dotted line that goes above and below the price. When the SAR dots are above the price, it is a Bearish signal and when the SAR dots are below the price, it is a Bullish signal.

The green cloud shows that the trend is bullish, as seen in the snapshot of TRX/BUSD above, and so an entry can be made as a result of the green cloud's formation. The green cloud denotes a shift in the trend from bearish to bullish. As a result of the median indicator's confirmation, After that When I used the parabolic SAR indicator, I saw that the dots on the parabolic SAR indicator are likewise below the market price. For me, this is yet another bullish sign. So, after receiving confirmation from both indicators, I place my purchase order at the current TRX coin market price.

So, in the screenshot above you can see my entry in TRX coin at the price of 0.06426 with 22.87 BUSD stable coins.

After a while, I sell my TRX coin at the price of 0.06474 with a profit of 18 cents which is equal to 30 to 35 pakistani rupees. The prove of my sell transaction is shown in the above screenshots. And my plan is to trade TRX token fro short term gain because it is not a long term project.

Do you recommend everyone to buy? and the reasons for recommending/not recommending.

No, I will not promote TRON (Trx) to anyone because we all know that the cryptocurrency business is extremely hazardous and fraught with dangers. And currently, the market fluctuates, going up and down, so if a person purchases Trx coin and the market drops, he may lose money. As a result, always buy any crypto coin on your own behalf after conducting thorough research. Finally, because I am not your financial consultant, please buy any crypto coin with your own risk or caution.

Anything other users want to share about the token/project.

At last to summarise, the Tron platform is a promising and strong platform that aims to provide complete liberty to content creators.

Any creative visionary's dream is to have a truly decentralised platform where content producers and consumers may freely engage without the drawbacks that come with using a middleman.

Time will tell if this becomes a reality, but with a devoted crew behind the scenes and the first fruits already visible, there appears to be a ray of hope for the future.

Some images of this post is design and edit by me on Canva and Picsart applications. Some Remaining Unsourced Screenshots taken from Tradingview and Coinmarketcap platform and the grammer check from grammarly.