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TRON Price Prediction | Should you invest in Tron crypto?

TRON Price Prediction

TRON Fundamental Analysis

TRON Fundamental Analysis

Tron (TRX) is a native token on the Tron network — one of the more well-known public blockchains in the space, created as a faster and more accessible alternative to the big chains such as Bitcoin and Ethereum. It was founded in 2017 by Justin Sun, an entrepreneur who is or was involved in several crypto projects, like Ripple. Tron blockchain was launched in June 2018.

Tron’s initial focus was primarily on distributed content sharing and entertainment. Since the big players at the time couldn’t efficiently handle the throughput necessary to make this work, Tron was built to fill this niche. It employs Delegated Proof-of-Stake protocol (DPoS), allowing the network to operate with the speed of about 2000 transactions per second, which is more suitable for content sharing. To develop its ecosystem, Tron acquired the BitTorrent file sharing protocol, supported dApp development, and added DeFi support — for example, the Sun project was launched on a Tron sidechain.

TRX is the main currency on the Tron chain, used to purchase energy or bandwidth, for staking and voting. TRX is also supported as a payment on Tron’s partner websites and projects, such as the live broadcasting platform CallMe.

TRON Price Chart

During the first half of 2021, Tron token price joined the crypto bull run. It rose from ~$0.03 in early January to ~$0.06 in February. After that it lost its momentum for a while, falling to $0.045 and taking a month to climb back to $0.06 again, as TRX price reached this mark again only in late March. From then on, it was a fairly straight run up — although it may be argued that this run turned into the head and shoulders pattern. In this interpretation, the “shoulders” reached ~$0.15 and ~$0.17 respectively and the “head” peak between them jumped almost to $0.18. In any case, the second “shoulder” happened in May, and Tron’s price has been mostly in decline since then, trading as low as $0.05 in the first half of the summer. By late July, though, TRX price has shown the signs of early recovery, but the question of whether it will last is up in the air.

TRON Price Chart

TRON Technical Analysis

Since the market crash in May, Tron’s price seemed to be testing the support line, which held firm at ~$0.05. After the previous dip towards this level, which happened in mid-June and was followed by a period of recovery, TRX was trading in a bearish channel for a while. It broke out of this channel around July 25, as it broke through the ~$0.06 level and continued climbing up. Now it remains to be seen whether this reversal was permanent.

TRON Technical Analysis

TRON Price Prediction

Below we have collected the most reliable price projections for TRON (TRC-20) (TRX) from popular forecast platforms.

#1. WalletInvestor TRX Price Prediction for 2021, 2023, 2025

According to WalletInvestor, TRON (TRC-20) price will grow from $0.09207198 to $0.126 in one year. That makes TRX an awesome investment. The long-term earning potential is 36.85%. Predicted price for the end of 2026 is $0.349.

#2. TradingBeasts TRX Price Prediction for 2022

Answering the question about if TRON is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $N/A with a growth to $N/A by the end of 2022.

#3. DigitalCoin TRX Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of TRON (TRC-20) cryptocurrency will rise in the next 5 years starting from $0.0939625 as of today’s price to $0.3751096. It will go up to $0.1577937 by 2022 and continue its growth in 2023–2024. Based on this forecast, TRON (TRC-20) is a profitable long-term investment.

Summary

As it can be clear from the analysis cited above, TRON (TRC-20) (TRX) projections are rather contradictory. There is no universal consensus either about positive or negative future TRX price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the TRON (TRC-20) projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

FAQ

Can Tron reach $100?

It’s very unlikely that Tron will reach $100 given its fundamentals, such as circulating supply, and current valuation. The best bet about this level of growth for TRX is some market magic such as token redenomination.

How much is a Tron coin worth?

A Tron coin has been historically worth usually something in between $0.05 and $0.25. Most Tron price predictions say that it will either stay valued on the upper end of this range or will be worth more in the future.

Can Tron reach $5?

Yes, some analysts and sources say that Tron can reach $5. Note that the most optimistic of those forecasts are still talking about the long-term price changes (i.e. what will Tron be worth in 2025 and further in the future), so one shouldn’t expect TRX to get to $5 anytime soon.

Does TRON have a future?

Yes, according to most sources, Tron has a future, as it’s a pretty established coin and isn’t scammy. Tron’s future price predictions promise growth in the next 5 years, at least.

Will TRX ever reach $1?

Yes, $1 is well within TRX’s reach, although this may take a long time, and will probably happen in more than 5 years. However, the market cycle should be watched, since the good “boom” part of the cycle can easily push Tron’s price to $1 and beyond — fast.

What will TRON be worth in 10 years?

Some analysts predict the Tron price will go as high as $10 in 10 years. More conservative estimates put TRX price closer to $5 in that time. Price forecasts are very inaccurate for such timeframes, so this TRX price prediction may go through a lot of changes in the meantime, but as we can see, now Tron price forecasts are predominantly positive, promising a lot of growth either way.

Why is Tron so cheap?

Tron is so cheap because its supply is very large, i.e. this isn’t the case of Tron being undercapitalized. TRX is in the top-30 on Coinmarketcap, for example.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.

Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!

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Originally published at https://swapspace.co.

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