So, what do Tron and the TRX price hold for the future? This Tron price prediction will tell you all you need to know.
With an increasing demand for better options for individuals, creators, and businesses, the crypto space seems to offer exceptional solutions to these demands. Solid projects like Tron continue to provide a pathway to freedom with a spectacular network and unbelievable offers.
Everything boils down to one thing – decentralisation! Although blockchain technology supports this, Tron supports it even better with its internet decentralisation project. For the Tron cryptocurrency, it’s been a good ride since 2017. From an all-time low under $0.002 to an all-time high of $0.03, Tron (TRX) has come a long way growing to a market cap of $6.7 billion. Coupled with strong partnerships with Samsung, Opera, and Swiss blockchain, Tron continues to grow stronger and stronger.
Latest Tron News That Could Impact Its Price
Not so much has been happening with Tron lately. However, there has been one big piece of news that has kept everyone talking. It’s Tron’s acquisition of file-sharing network – BitTorrent. Tron acquired the company for $140 million. This deal has led to Tron partnering with the BitTorrent chain for its 2022 grand hackathon.
With Tron planning to expand its use, the hackathon will cover DeFi, GameFi, and NFTs projects. The success of these could put Tron in a prime position in the crypto and drive the TRX price further up the ladder.
Tron Price Review
In times past, Tron was tipped to reach $1. Unfortunately, the coin has failed to live up to those expectations. Tron took the crypto market by surprise in 2017 when it raced to $0.05. A few months before then, the coin languished at a mere $0.003. That wasn’t the end. By January 2018, the Tron price reached $0.2. This surge in price made people think TRX’s price could go all the way to $1.
Sadly, the Tron coin could not hold this price for long even though it still reached $0.3. TRX fell to $0.07 in June 2018 and has failed to hit the $0.3 mark again. But, there was some good news in 2021 as Tron changed its movement to hit $0.16. Tron price today is $0.065. So, will we see another all-time high of the Tron cryptocurrency? Let’s discuss the opinion of technical analysis.
Tron Technical Analysis
Tron Price Prediction 2022
Having lost momentum for a while, analysts predict that the average price of Tron is expected to move up the ladder. Wallet Investor predicts that the Tron (TRX) price could hit $0.11 by December 2022. On the other hand, Digital Coin Price expects something close to Wallet Investor’s price. According to the technical analysis from Digital Coin Price, Tron could potentially hit $0.009 in 2022.
Tron Price Prediction 2023
By 2023, Digital Coin Price predicts that the TRX price will break the $0.10 resistance. In the same vein, technical analysis at Wallet Investor expects Tron’s minimum price to be 0.13. However, it is expected that the TRX relative strength index should hold more ground in the same year. If this happens, cryptocurrency prices and the overall crypto market will maintain a bullish momentum for a long time. The expected maximum price of Tron could be close to $0.2 by the end of 2023.
Tron Price Prediction 2024
2024 might be the year the Tron coin proves its longevity and relevance. Analysts at Wallet Investor expect the minimum price of Tron to be $0.17. In the second half of 2024, the Tron coin price prediction could go as high as $0.25.
Tron Price Prediction 2025
TRX’s price prediction for 2025 is positive, as the coin could continue a bullish trend from 2024. Trading Beasts Analysts expect a price surge to a new high by the first half of 2025.
Tron Price Prediction 2026-2030
Tron’s future price prediction all seems to look good. Yes, there will be times when the cryptocurrency market goes down. By 2026, the maximum price of TRX could hit $0.39. However, the TRX price could go a little low to $ 0.18 for some part of 2027. Fortunately, as it is common in the market, the Tron’s future price is expected to get back to an incredible price increase. Analysts expect the TRX price prediction to be close to $1 between 2028 and 2030.
Tron Price Forecast | Experts Predictions.
With Justin Sun leaving the Tron foundation for a Grenada ambassadorial role at the World Trade Organisation (WTO), the community seems to be unsure about TRX’s price for the future. What will be the predicted price of Tron? For experts, the registration of Justin Sun shouldn’t affect Tron’s potential.
Reputable crypto Youtube channel Crypto Scope believes that the Tron price will still do wonders. There is no doubt that Justin Sun has had a remarkable impact on Tron (TRX) growth. Moreover, experts at the channel believe that the coin will beat major resistance levels to new all-time highs. The Tron (TRX) price prediction is expected to reach between $0.44 and $0.69 in the coming years.
On that note, remember that these Tron price predictions are just predictions and nothing is guaranteed. The cryptocurrency market is affected by many factors that can diverge price predictions. Make strategic investment decisions or consult a professional, so you don’t start losing money rapidly.
Tron | The Basics
Many crypto projects have not been confident about decentralising the web like the Tron blockchain. Tron’s founder, Justin Sun, says that the Tron network aims to achieve internet decentralisation through Decentralised Applications (DApps).
However, there were some doubts on how Tron aimed to achieve this at the start. But with this high-scalability and high-availability solution, the project seems to have gone further than expected. Interestingly, Tron contributes to helping DApps too. The launch of the Sun Network has made it possible for DApps to enjoy low energy consumption and incredibly faster speed. So, how good is Tron? Honestly – very good!!!
Tron goes beyond web decentralisation and DApps accommodation. Tron is faster than Bitcoin, and Ethereum put together in terms of transaction speed. Justin Sun boasts that the Tron network can handle up to 2,000 transactions per second. This claim has also been confirmed by some users who are part of the 76 million accounts on the network. Interestingly, Tron also helps creators. Creators can share their content and connect with their audience using the network. Even though Non-Fungible Tokens (NFTs) are recently getting more hyped than before, Tron remains the first NFT marketplace.
Today, Tron is one of the biggest blockchain operating systems with increasing retail investor accounts. The relative strength index is also growing at a high-speed rate. With all of these achievements, you wonder what keeps Tron going? It’s safe to say that the Tron foundation forms an integral part of the Tron blockchain. The question is, what is the Tron foundation? Let’s find out.
The Tron Foundation
The mission of the Tron foundation is as simple as it sounds. The foundation’s primary aim is to serve the Tron community and grow the network’s relevance. In doing this, Tron developed a Decentralised Autonomous Organisation (DAO) to support the network’s purpose. Apart from that, donations can be made, and the community is also open to the public.
Unlike Tron, the Tron foundation is the non-profit part of the Tron ecosystem. It would interest you to know that over 10 million members are part of the foundation, with Justin Sun leading the charge.
The Tron Cryptocurrency (TRX)
Tronix (TRX) is the native cryptocurrency of Tron. With the increasing number of retail clients, the trading volume of Tron looks to be growing at a fast rate. As of this writing, the trading volume of TRX is $853 688,755. This growth is one of the reasons TRX holders have not lost faith in the coin.
With over $6 billion market capitalisation, Tron’s price equals $0.065. The Tron price today reflects that the coin has the potential to surge unimaginable numbers. At its current price, can TRX reach $1? We will answer this and more in the next section.
People Also Ask
Is Tron Network Secure?
The Tron network is unique and different from the regular blockchain networks. The network uses a delegated Proof-of-Stake (PoS) to verify transactions very securely. In addition, the Tron network also aids voting and reward distribution with no stress.
Is TRX a Good Investment?
For some years, Tron has been a profitable investment for many people. However, the coin price has failed to live up to expectations since 2019. In 2021, investors thought Tron was back to its best as it followed a bullish trend to $0.16. It has been a story of ups and downs since then. On the positive side, recent collaborations with major institutions could drive the Tron (TRX) price up. If everything goes well with the new updates, then Tron can be a good investment for the future.
What Is The Current Price of TRON?
As of this writing, the current price of Tron (TRX) is $0.065. The market cap of the Tron cryptocurrency is also at $6.7 billion, with 101.8 billion tokens in circulating supply.
Will Tron Reach $1?
At the present growth rate, it might be difficult for Tron to reach $1. However, the coin’s exploits in 2021 give it a good chance to race to a buck. Another reason this might be possible is the increased retail investor accounts on the network.
Can The TRX Price Go Up?
Cryptocurrencies go up and down. Whether it’s a bull market or a bear one, cryptos still defy market trends. In the case of Tron, the price has a good potential of going up. Since the Tron price dropped to $0.05, the chances of scaling higher have increased.
Will Tron Overtake Ethereum?
In its early days, Tron was tipped to flip Ethereum. However, with the growth of both projects, it doesn’t look like it anymore. So, there is little to no chance of Tron overtaking Ethereum.
How To Buy Tron (TRX)
Tron is listed on several exchanges as the coin has been in existence for a pretty long while. You can buy Tron on Kucoin, Binance, and Poloniex. If you are a complete beginner, though, eToro might be the perfect platform for you. eToro offers a super-easy interface for you to track your assets, even if you are an experienced investor. Registration and verification are also fast on the platform.
Remember that the cryptocurrency market is very volatile, and this Tron price prediction is to educate readers only. Past price performance is not a reflection of future price predictions. Also, this Tron prediction should not be considered investment advice. We suggest that you carry out your own research before investing in Tron. Never invest more than you can afford to lose and carry on due diligence.