10 Best Cryptocurrencies to Buy for Beginner Traders According To Reddit

8. Tron

Market Cap: $22.32 Billion

Value as of December 27: ~$0.26

TRON (TRX) is a decentralized blockchain platform launched by the Tron Foundation in 2017. Initially, TRX tokens were ERC-20 tokens on Ethereum but transitioned to their own network the following year. The platform was designed to give content creators full ownership of their work and enable direct compensation from consumers, eliminating intermediaries like YouTube and Facebook. TRX can be acquired through staking or exchanges but not through mining. As of December 27, TRX is valued at around $0.26, dropping from its all-time high of $0.40 on December 4. Nevertheless, it has gained nearly 141% year-to-date.

The Tron Foundation, founded by Justin Sun in 2017, aimed to create a decentralized platform for content creators to share and monetize their work without intermediaries. In 2018, Tron acquired BitTorrent to enhance content-sharing capabilities. However, the original content-sharing model didn’t gain traction, leading to a shift towards decentralized app development.