First of all, it’s one of the cheaper top 20 coins (those with the highest market caps). Is this a great reason to buy either a coin or a stock? No, as whether something is truly cheap in relation to its competitors must be based upon some underlying rationale such as it having a lower PE ratio, etc. Here there does not appear to be any such rationale. In fact the opposite may be true, as the overall market cap for TRX is around $3-4 billion at these prices, Meaning if you believe that the overall market cap cannot or will not exceed that of Bitcoin (the coin with the biggest market cap) TRX may not have much room to run from its present .038 or so, possibly to $1, maybe $2 if the market really heats up. However, based upon the fact that there has been much irrational exuberance surrounding the overall cryptocurrency market fairly recently (within only the last few months; with Bitcoin hitting a high of over $19,000 in December 2017) I think there is a good chance that TRX could make a bit of a run if the overall market goes on another run up possibly to $1-2 and maybe more. I can’t provide a specific target, but it previously hit a high of around $.36 cents and I believe it will exceed that target at some point in the next year or two, should the overall market run up.
Second, TRX has many upcoming possible catalysts including its Beta test launch, release of its Main net, and a coin burn (the effect of which is unknown) coming up at the end of March and May 2018. These potential catalysts provide potential investors with a huge potential opportunity to profit. Is there downside potentially? Yes, it is possible that TRX could go down as it was in fact much lower a year ago (it has run up in excess of 1,000% this past year). However, my personal opinion is that if the overall market heads up, TRX has the potential catalysts in place to send it flying much higher, and I believe it’s worth risking a few thousand dollars. $3,080 the other day would have bought 100,000 coins. Meaning you would then have $50,000 if the price of the coin went to $.50 (remember this shot up to $.36 in December briefly). To me, that seems to be an acceptable risk to reward ratio.
Finally, of all the coins out there, TRX is the one created and run by Justin Sun, a protege of Jack Ma (Alibaba Founder and Billionaire). Justin Sun has previously created and runs PeiWoo, a successful online venture with over 10,000,000 users and has a huge support base. His track record of success and his dedication to this company so far, along with the investment in talented internet professionals who are working on development of the underlying technology makes me feel this is a better investment than many of the no name coins out there which are simply trying to take advantage of the irrational exuberance surrounding bitcoin (those with no technological background or track record for success). Why would anyone invest in those coins? I find it hard to understand. I do however, think that Justin Sun, can and will produce something favorable for investors here and is dedicated to this company.
TRX is a risky, speculative investment, as is any other cryptocurrency (there are regulatory risks, etc.). However, within the overall cryptocurrency market it is an excellent choice, run by a founder with a successful track record in the technological arena. It also has many positive catalysts coming up which in favorable market conditions will send this coin much higher. I have purchased at various stages with an overall price of .075 cents. at present the price is at .0478. The overall risk to reward seems acceptable to me and I believe it is worth the risk for anyone willing to make a bet and potentially lose a few thousand, there is a decent chance of profiting well in excess of the money invested here.