Tron crypto is a surprisingly popular coin that could be poised for big gains in the coming years. While it is not quite yet on the level of leading cryptos like Bitcoin or Litecoin, it presents an interesting opportunity for the investor seeking significant profit multiples. For that reason, as more and more players around the world acquire Tron, many online casinos like ours are adding support for this growing cryptocurrency.
In this article, we’ll cover the basics so that players and investors can understand the outlook for TRX crypto, and also how to make use of it at their favorite casinos online.
History of TRX Coin
Tron coin was first launched in 2017 by a wealthy Chinese entrepreneur named Justin Sun. At that time, it was part of the Ethereum network (that became famous as a medium of exchange for NFT). In 2018, it broke off from Ethereum technology in favor of its own independent peer-to-peer network. The Tron Foundation, which manages the platform, was later organized as a decentralized autonomous organization, or DAO. This means that it is largely governed by trusted algorithms.
While the platform/network is referred to as “Tron,” the coins themselves are called TRX, meaning “Tronix.” It is possible that the name of the coin comes from the 1982 futuristic sci-fi movie Tron, featuring memorable “lightcycle” races on a neon grid that still inspires designs to this day.
What makes Tron different from other coins like Bitcoin or Ethereum?
The TRX blockchain was built in part with the stated goal of helping digital creators maintain ownership rights over their digital assets. Tron uses smart contracts and decentralized applications called “dApps” that aim in part to “decentralize the Internet.”
What is Tron about? Well, for crypto casino players, financial transactions involving TRX take place in a fashion similar to that of Bitcoin. Transfers are recorded in a public ledger (the Tron blockchain) and enable users to track the anonymized history of coin movements. Anyone can verify their transactions using their crypto wallet address, which is recorded without any personally identifying information like names or addresses.
Is Tron real money?
Yes. Like other digital currencies, Tron can be used just like other forms of money, such as fiat currencies like U.S. dollars and euros. It can be exchanged for these currencies at any time, and so is a highly liquid medium for transacting business and purchases of all kinds. This makes it useful for anyone looking to make a crypto deposit at an online casino.
What is the TRX coin price? Will it increase?
The Tron coin price is around $0.14 per tronix, at the time of this writing. There are around 87B coins in circulation, leading to a total market capitalization of around $12B. The all-time high is around $0.30 per tronix. In contrast, Bitcoin is around $60K per coin this year, with a total market cap of over a trillion dollars.
As for a TRX coin price prediction, no one has a crystal ball that can guarantee where the price will go in the future. Changelly predicts that by the end of 2025, however, the price may double. Due to the high upside potential, TRX presents an intriguing investment opportunity that should be evaluated by investors looking to earn multiples on their crypto plays. That said, it is also possible for coins to lose value. Investors should exercise caution when buying into any asset, especially emerging crypto coins.
Where can I buy Tron crypto?
Wondering how to buy Tron crypto? We recommend using the Jiggle digital wallet and purchasing Tron through their exchange partner, Waltzer. Transfer funds from a supported financial account and make your purchase of Tron. Then, you can transfer crypto you’ve acquired into your mBitcasino account when you’re ready to play casino games.
What casino games can I play?
All of them! mBit Casino has thousands of games to choose from, like slots, blackjack, roulette, craps, baccarat, dice, live dealer games, jackpot games, crash games, and so much more. Whatever you want to play – from casino classics to modern innovations – you can play it with your TRX.
FAQ
Can you explain how to deposit with Tron?
You make a deposit with Tron at mBit Casino using the normal steps that you would for any other coin. Essentially, we provide a wallet address or scannable QR code from your mBit account, and you can transfer your Tron from your digital wallet to your mBit account.
Please talk about how to withdraw with Tron.
To make a withdrawal, just follow the steps on this page. Input your digital wallet address or scan the QR code generated by your digital wallet to make an outgoing transfer from your mBit Casino account.
What is the best wallet to use with Tron?
We generally recommend that customers use Jiggle if they need a digital wallet to hold their TRX coins.
Are there any Tron price predictions yet?
At the time of this writing, Coinpedia is projecting a near-doubling by the end of 2024.
Are people using TRX as investment coins?
Yes. Due to the small price, TRX is a coin with a potentially large upside.
Are there any Tron casino promotions to claim at mBit Casino?
All our crypto casino promotions are available for players using Tron.