Tron (TRX) Overview
| 🪙 Cryptocurrency | Tron |
|---|---|
| 💱 Ticker Symbol | TRX |
| 🏆 Rank | 13 |
| 💸 Market Cap | $10,240,619,482 |
| 💲 Price | $0.116943 |
| 🚀 Trading Volume | $349,094,811 |
| 📈 Price Change (24h) | 2.62% |
| 💰 Current Supply | 87,568,962,310 |
- Bullish Tron (TRX) price predictions range between $0.526246 and $0.99402 by 2030.
- Market analysts believe TRX could reach $0.409302 by 2025.
- Bearish Tron market price prediction for 2023 is $0.093555.
Tron (TRX) Introduction
Since TRON’s (TRX) entry into the crypto market on August 28, 2017, the currency has managed to build one of the most vocal followings in the industry. In terms of market cap, TRON is one of the top 10 currencies in the crypto world, with its distinctive technical aspects and widespread community support propelling it further up the charts.
In this TRON (TRX) review, we’ve covered all you need to know about this top-performing cryptocurrency, from its unique aspects to technical analysis, our TRON price predictions, and more.
What is TRON (TRX)?
TRON (TRX) is a blockchain-based project created by Justin Sun, CEO of the TRON foundation. Sun is also a Geneva-based Chinese Grenadian diplomat, business executive, and entrepreneur and was featured in Forbes’s 30 under 30 Asia list in 2017.
Since TRON’s launch in 2017, the platform has quickly become a huge success. This blockchain-based project was curated to build a platform for digital entertainment, providing a secure, decentralized data distribution platform free from censorship restrictions.
Behind the project is the idea that current digital platforms such as YouTube or iTunes have too much control over their content creators. As a response, the TRON project was founded. It has 3-tier architecture, promising security and growth potential to investors, and seeks to provide partners with a reasonable distribution of any income earned through the platform’s content.
One of the major reasons behind TRON’s popularity is the support it offers artists and content creators by providing full ownership over the content they create.
The platform tracks and stores data on the content and its use on the blockchain, allowing content creators to directly track how their creations are used. By eliminating the middleman, the platform allows content creators to get paid instantly.
The currency TRON (TRX) is developed and maintained by the TRON foundation. Initially, TRX ran on Ethereum’s ERC-20 blockchain, but the developers later switched to their own custom-made solution. The TRON blockchain was one of the first cryptocurrency projects to use a validation consensus algorithm and proof of stake mining and has been largely successful in implementing this solution.
TRON (TRX) Technical Analysis
The value of TRX is dependent mainly on the decentralized application market. TRX’s performance is ultimately influenced by two things- the future financial performance of the dApps market and the success of TRON’s competitors (such as EOS or Ethereum).
These platforms strongly focus on the digital entertainment industry and provide frameworks for dApp development and smart contract deployment. But with heightened interest in TRX’s blockchain functionality, there is also additional appeal to invest in TRON, which is expected to increase further. This has the potential to create extra trading volume and boost the value of TRON in upcoming years.
TRON (TRX) Fundamental Analysis
TRON has quickly established its presence in the market and become one of the most well-known cryptocurrencies around the globe. TRON’s popularity is primarily due to the many advantages it offers. It offers users the utmost convenience, allowing them to cut down on costs and build fortunes using a plethora of dApp functions.
Developers can use the TRON net to expand their businesses and gain traction as creators and influencers. TRON further stands out from the crowd by making smart contracts more accessible. The processing speeds on the TRON blockchain are also much faster, even when compared to top networks like Ethereum.
Below, we’ve evaluated some of TRON’s key aspects.
Availability: TRON’s highly trustworthy network structure, user asset, and a greater degree of decentralization come hand in hand with a better rewards distribution mechanism.
Scalability: TRON’s effective smart contract and scalability allow it to support a tremendous number of users and open up more ways for applications to be deployed.
Partnerships– Since its launch, TRON has risen to become one of the most popular blockchains in the world, establishing international collaborations with industry giants like Samsung, APENFT Marketplace, Opera, BitTorrent, Poloniex, Swisscom Blockchain, and many more.
TRON (TRX) Price
Tron is currently worth $0.116943 USD. TRX has moved 2.62% in the last 24 hours with a trading volume of $349,094,811. Tron is currently ranked 13 amongst all cryptocurrencies with a market capitalization of $10,240,619,482 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Tron (TRX) to decide wether it is going to have a bullish or bearish year.
TRON (TRX) Price Predictions
Our real-time TRON (TRX) predictions will help you understand current TRX prices and trends for the future. We use real-time TRON (TRX) market data, updating our website with dynamic price predictions based on recent market activity.
The following price predictions are based solely on popular technical indicators, such as moving averages, MACD, trendlines, Fibonacci retracement, and RSI. Let’s begin:
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.140332 | $0.163721 | $0.175415 |
| 2024 | $0.233887 | $0.257276 | $0.292359 |
| 2025 | $0.35083 | $0.374219 | $0.409302 |
| 2026 | $0.467774 | $0.491163 | $0.526246 |
| 2027 | $0.584717 | $0.608106 | $0.643189 |
| 2028 | $0.701661 | $0.72505 | $0.760133 |
| 2029 | $0.818604 | $0.841993 | $0.877076 |
| 2030 | $0.935548 | $0.958937 | $0.99402 |
| 2031 | $1.05 | $1.10 | $1.15 |
Our price prediction forecasts use real-time Tron (TRX) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Tron (TRX) Price Prediction 2023
Tron, according to some, is one of the most amazing cryptocurrencies to rise this year (TRX). The TRX price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.175415.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.163721 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. TRX is expected to have a minimum value of $0.140332.
Tron (TRX) Price Prediction 2024
In 2024, Tron TRX price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of TRX will soon surpass $0.292359. However, we should wait to see if the TRX’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, TRX will trade with a minimum trading price of $0.233887 and an average trading price of $0.257276.
Tron (TRX) Price Prediction 2025
If the upward trend continues until 2025, it could reach $0.409302 and TRX may profit. If the market experiences a decline, the goal may not be met. TRX is expected to trade at an average price of $0.374219 and a low of $0.35083 in 2025.
Tron (TRX) Price Prediction 2026
If Tron successfully boosts market sentiment among cryptocurrency enthusiasts, the TRX coin price could remain stable for the next five years.
According to our projections, TRX will be green in 2026. The TRX is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.526246, with a minimum price of $0.467774 and an average price of $0.491163.
Tron (TRX) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the TRX price is expected to cross an average price level of $0.608106 by 2027, with a minimum price of $0.584717 expected before the end of the year. Furthermore, TRX has a maximum price value of $0.643189.
Tron (TRX) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.72505. If TRX manages to break the resistant level in 2028, we could see a maximum price of $0.760133, failing to gather the support TRX needs by 2028 could result in a low of $0.701661.
Tron (TRX) Price Prediction 2029
While TRX is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.818604 and a yearly price close above $0.877076 in 2029.
Tron (TRX) Price Prediction 2030
By 2030, Tron will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.935548 and potentially reach a maximum price value of $0.99402, averaging out at $0.958937.
Tron (TRX) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum TRX price in 2031 is projected to be $1.15 in the event of a bull run, with an average price level of $1.10.
Conclusion
Since its launch, TRON has continued to make top crypto headlines month after month. With its incredibly creative developer team and unique offerings, TRON is successfully increasing its investment appeal and keeping traders and crypto users intrigued. With the adoption of blockchain tech rising, TRON has immense potential for recognition in the content creator realm. With time, the platform will likely take off to an even greater level than it already has.
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FAQ
What is the Tron (TRX) price today?
Today, Tron (TRX) is trading at $0.116943 with a total market capitalization of $10,240,619,482.
Is Tron a good investment?
Tron proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that TRX is a good choice of investment.
How high can Tron go?
The average price of Tron (TRX) can possibly reach $0.163721 this year. Over the next 5 years, it is projected that Tron may surpass $0.760133.
How much will Tron be worth in 5 years?
Based on the rising popularity of cryptocurrency and Tron, a long term investment in TRX could see the price rise to $0.760133 within the next 5 years.
How much will Tron be worth in 10 years?
If you invest in Tron today, as with any investment, a long term increase is expected. The price of TRX could possibly rise to $1.49 within the next 10 years.
What will the Tron price be in 2024?
Tron (TRX) price is expected to reach $0.292359 by 2024.
What will the Tron price be in 2025?
Tron (TRX) price is expected to reach $0.409302 by 2025.
What will the Tron price be in 2026?
Tron (TRX) price is expected to reach $0.526246 by 2026.
What will the Tron price be in 2027?
Tron (TRX) price is expected to reach $0.643189 by 2027.
What will the Tron price be in 2028?
Tron (TRX) price is expected to reach $0.760133 by 2028.
What will the Tron price be in 2029?
Tron (TRX) price is expected to reach $0.877076 by 2029.
What will the Tron price be in 2030?
Tron (TRX) price is expected to reach $0.99402 by 2030.
What will the Tron price be in 2031?
Tron (TRX) price is expected to reach $1.15 by 2031.
Editor-in-Chief of the BitcoinWisdom site, I’m responsible for ensuring all the content on our website is accurate, relevant, and helpful. I am a cryptocurrency advocate and I have been following the crypto space since early 2012. I have written extensively about Bitcoin and my work has appeared in some of the most respected publications.
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