Tron (TRX)has been around since 2017. <a href="https://www.cryptoknowmics.com/news/tron-soaks-selling-pressure-will-trx-find-support-at-0-07/">TRX </a>was one of the top six cryptocurrencies in early 2018 and the young Tron founder, Justin Sun stated that one of his missions in 2018 was to displace Ethereum. The target has not yet been achieved though Tron blockchain has made a lot of success since then. Tron has a present price of $0.07432 which is 58.73% higher than its present 52-week price of $0.04682. TRX is presently in the 14th position in the CoinMarketCap ranking of cryptocurrencies.

Irrespective of this position, the Tron network token (TRX) might be an undervalued cryptocurrency for the following reasons:
<h2><strong>Tron token (TRX) performance with respect to some top cryptocurrencies</strong></h2>
In the past 30 days, the price of Tron (TRX) has increased by 18.08%. Bitcoin, Ethereum, and BNB within the same duration had reduced in price by 27%, 34.52%, and 27.02% respectively. This means that an investor who owns an equal amount of the four coins in United States dollars has increased by over 4.86 times when compared to investments in the other three cryptocurrencies (BTC, ETH, and BNB) put together. However, in recent times, the news had always been around Bitcoin, Ethereum, and BNB due to their higher position in the ranking.
<h2><strong>Tron (TRX) Higher Rebouncing Capacity When Compared to Some Other Coins</strong></h2>
Some cryptocurrencies went to extinction during and after the crypto winter of 2018. TRX was one of the tokens that were heavily affected by the heavy market dip. Its present all-time high price of $0.2316 was attained on January 5th, 2018 according to Coingecko. Although, it has not surpassed it since then: its present price of $0.07432 shows that it is down by 68% since then. The likes of Stellar Lumen (XLM) and Monero (XMR) attained their all-time high price on January 3rd, 2018 and January 9th, 2018. XLM has reduced by 85% while XMR has decreased by 69.4% since then. This shows that TRON has a higher rebouncing.
<h3><strong>Adoption of its blockchain</strong></h3>
Since the launch of the TRON blockchain in 2018, the number of its users has grown to 90 million in the space of 4 years, with over three billion transactions recorded on it. This shows that it is gaining a lot of attention and adoption. With this increase, more investors are attracted to its platform which will directly increase its price.
<h2><strong>Conclusion</strong></h2>
TRON (TRX) has a bullish future forecast according to the different analysts, and the present record shows that it could outperform other known cryptocurrencies.

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Top Reasons to be a Tron (TRX) Long-term Investor

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

Top Reasons to be a Tron (TRX) Long-term Investor

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