Differences between Investing vs Trading
Differences between Investing vs Trading
While some cryptocurrencies are little more than speculative memes, others have a serious business use case. This is the case with Tron, which launched in 2017 as a content sharing infrastructure that aims to "decentralize the web", in the words of its founder.
This Web 4.0 infrastructure uses advanced smart contracts to facilitate data sharing, storage, and transactions, with the ability to process 2000 transactions per second at any time of day.
Essentially, Tron is a platform geared toward digital content creators to bring data back under their control, without having to send their content through a centralized intermediary such as Google or Meta. The token produced as a result of these transactions is Tron. Although not everyone agrees that it is even a cryptocurrency with actual value, Tron actually has one of the largest market caps out of any cryptocurrency in the world.
Tron's price history is a tale of immense volatility. At its all-time high in January 2018, at the tail-end of the first crypto boom, Tron's price briefly reached 25 cents per coin, after soaring more than 700% in a couple of days.
This was the result of a very short-lived speculative boom, and the Tron price quickly dropped back below two cents almost immediately after. Since then, Tron has experienced similar cycles of booms and busts, but its price has never come close to its all-time high.
Tron might have a real-world use case, as does the currency (Tron is used for hiring e-bikes in Singapore, for instance). However, its price is driven by speculator sentiment, which has waxed and waned as a result of the considerable legal troubles that Tron's founders have faced over the years.
It remains the case that, over the long run, the market cap of Tron has steadily increased, even after accounting for booms and busts.
Meanwhile, Tron's viability as a digital infrastructure has meant that some investors feel like this coin is better as a long-term investment. If Tron goes mainstream, the value of a person's Tron coin holdings could stand to rise.
However, this does not change the fact that all of its price booms and busts have been driven by speculative bubbles and the personal, and legal troubles of the founders, rather than any real-world success of the Tron platform. This is a volatile, high-risk asset, one that particularly ambitious day traders might be interested in for that reason.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
How to trade Tron coin?
Trading Tron is fairly straightforward, and there are a few different ways to go about it. The most popular way is to use a cryptocurrency exchange, such as Binance or Coinbase. On these exchanges, you can buy and sell TRX directly with fiat currency (e.g., USD) or with other cryptocurrencies (such as Bitcoin or Ethereum). You can also use a decentralized exchange such as TronTrade, which allows you to trade directly with other users without the need for an intermediary.
Finally, if you're looking for more advanced trading options, there are several platforms that offer margin and derivatives trading for TRX. A platform like Skilling trader or Skilling cTrader, where you can use leverage to trade Tron with higher returns. No matter which option you choose, make sure to do your own research before diving in. Trading cryptocurrencies is risky and not for everyone, so proceed with caution! Good luck trading!
When was Tron coin released?
Tron (TRX) was released in 2017 by Justin Sun and the Tron Foundation. Being one of the oldest coins in the space, it has had time to develop a strong base of supporters, resulting in one of the most popular cryptocurrencies on the market today. The main purpose of TRX is to bridge the gap between content creators and users by creating a decentralized content entertainment system.
By doing so, the team behind Tron aims to create a new way of monetizing digital content without any third-party resources being involved. The Tron network also has its own blockchain and dApp platform which allows developers to build their own custom applications on top of it. As TRX continues to gain traction in the crypto space, it becomes increasingly popular with traders and investors alike.
What is the future of Tron coin?
It is currently being used as part of the network layer on which decentralized applications run on. To that extent, its potential for price appreciation is massive. Tron coin also has great scalability due to its high throughput capabilities. This could be a perfect choice for businesses seeking long-term stability and reliability from their digital asset investments.
How to monitor the Tron coin?
Tracking the performance of Tron coin is relatively simple since it is a top-traded cryptocurrency. The first step is to identify a reliable source that provides real-time price data and volume metrics. Trustable charting platforms like tradingview and trading platform like Skilling, are good references to start tracking the performance of Tron.
By monitoring these sources regularly, traders can identify patterns that suggest potential entry and exit points for trading TRX. Another important step is to monitor the news related to TRON. News developments often have a direct impact on the price movements of digital assets.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.