The recent breakout from the lows of TRX suggests that the downtrend might be over for the TRON Network. That said, the favorable price increase may also increase its global cryptocurrency market rank, which currently stands at #14. The past few years have given a chance for many cryptocurrencies to boom and make their importance known.
It is one such project that aims to build the largest blockchain-based operating systems in the world. With its many advantages, TRON has the ability to be a foundation for the future functioning of the internet. But is it overrated or underrated? Today, we take a look at the TRON (TRX) and analyze the project’s current state. We will also look at some TRON price predictions and do a little bit of technical analysis. So, let’s jump right in!
Overview of TRON
TRON describes itself as a robust blockchain ecosystem. The philosophy behind the ecosystem is to “Decentralize the Web.” The TRON ecosystem consists of multiple products, including wallets, dApps, public chains, TRON blockchain, etc. In addition to being closely related, these products provide stability to the entire ecosystem as a whole. The idea was created by its founder Justin Sun, who has retired from the TRON Foundation. Just a few days ago, Justin Sun was accused of governance attacks. He has been in the news for some time, and there is speculation that Justin Sun retired because of these accusations.
What is TRON (TRX), and How Does it Work?
TRON is a blockchain platform focused on decentralizing and democratizing the content distribution between the audience and the content creators using permission protocols and tools. Using a smart contract-based blockchain allows developers to build decentralized apps and easily deploy them. The network works by allowing users to acquire resources in order to do transactions using smart contracts. When users make transactions, bandwidth points are consumed. Similarly, smart contracts also consume energy points that are reset after 24 hours. TRON also uses its own virtual machines to ensure complete security and decentralization within a reliable environment.
Features of TRON
TRON, founded by Justin Sun, has zero transaction fees as of now. It also offers a very high transaction per second speed compared to Ethereum or Bitcoin. Its consensus mechanism also ensures that the network can maintain high throughput and performance of resources without compromising the security of the network. TRX also improves upon the basic features of the Ethereum blockchain and incorporates smart contracts, dApps, and the native utility token.
What Can TRX be Used For?
TRX tokens can be used for credit card payments. Since the TRON (TRX) aims to eliminate the intermediaries between the content creators and the audience, they need to enable some sort of payment mechanism to provide incentives to the block producers. TRX can also be used for staking and receiving airdrops, participating in the network programs, purchasing items from stores, or obtaining energy and bandwidth on the network.
What Makes TRON Network Valuable?
The TRON (TRX) eliminates the need for centralized platforms, allowing audiences to connect directly with the content creators. TRON acquired the file-sharing network BitTorrent. After this, BitTorrent created its own native cryptocurrency called BTT. And the release on TRON Blockchain used its TRC 10 standard.
How is TRX Secured?
TRX uses the delegated proof of stake consensus mechanism. TRX owners can freeze their cryptocurrency in order to get Tron Power. Tron Power gives the ability to vote for “super representatives” who serve as block producers. These block producers earn TRX coins for doing the verification tasks for the transactions. The rewards received by the producers are then distributed among the voters. This delegated proof of stake mechanism allows TRON to achieve higher throughput levels and secure the network.
TRON: Pros v/s Cons
While the benefits of TRON cryptocurrency are apparent, as it aims to disrupt the entertainment market and how content distribution works, there are some cons as well. It is still in the initial stages of development; for starters, further expansion & high market participation can take years. Also, TRON has been previously accused of centralization of its TRX coins. And 15% of the tokens are all that are available to private investment firms.
Regardless of the cons, TRON offers better performance and speeds than the competitors. The market is vast as it can essentially replace social networks, video hosting services, and streaming. The strong development team also improves the TRX daily as it can now support large applications.
What Makes TRON Unique?
The concept itself is quite unique for TRON. The high scalability of TRON enables it to be very effective in supporting huge numbers of users. The network is also highly reliable, and it has high availability of resources and improves the reward distribution mechanism that enhances the performance of the ecosystem.
TRON Future Roadmap
The integration of BitTorrent Chain with Binance Smart Chain will lead to greater adoption, and this integration will facilitate the circulation and exchange of assets for both ecosystem’s users. The Foundation is also expected to create the first NFT marketplace in the TRON ecosystem. Though other projects have also built NFTs on TRON, the Foundation’s involvement in this space will likely attract some media attention.
Latest News & Updates of TRON
NFT One uses TRON to create the world’s first NFT marketplace centred around TRON. This blockchain network creates non-fungible tokens to provide TRON NFTs to the buyer. Another marketplace in which TRX is involved is called DeFine.
TRON DAO launched the Grand Hackathon 2022 a few days ago. It is an opportunity for entrepreneurs and developers to build smart contracts or blockchain-based applications. Also, developing on BTTC would enable one to convert the developed app to different blockchain platforms.
Price Prognosis of TRX: Will TRON Price Go Up?
The recent price fluctuations and the breakout may be the early indicators of price rise. The current TRON price is also looking stable, and there is a strong possibility of a spike in the near future. Below we have listed the TRX price predictions for the coming years.
| Year | Minimum Price | Average Price | Maximum Price |
| 2022 | $0.043 | $0.092 | $3.1 |
| 2023 | $0.13 | $0.14 | $0.15 |
| 2024 | $0.19 | $0.20 | $0.23 |
| 2025 | $0.27 | $0.28 | $0.33 |
| 2026 | $0.40 | $0.41 | $0.46 |
| 2027 | $0.56 | $0.58 | $0.68 |
| 2028 | $0.83 | $0.86 | $0.99 |
| 2029 | $1.12 | $1.15 | $1.42 |
| 2030 | $1.60 | $1.64 | $2.0 |
TRON Technical Analysis
The TRON price today is at $0.07177, with the last 24-hour trading volume of $16,534,726,867, which is 254.83% higher than the previous day. The circulating supply stands at 98.18B TRX, which is also its maximum total supply. The market cap at this time stands at $7,037,796,748, and the diluted market capitalization is around $7,086,825,303.
TRX had its all-time high of $0.3004 about 4 years ago. Compared to the all-time high, the current price is around 75.97% lower, which can be considered a very sharp decrease in value. But when the current price is compared to the all-time low, the current price is up by 6514.33%. This is staggering, and the current TRON ROI is 3418.83%. Price analysis & technical analysis mostly indicates neutral momentum. However, our TRX prediction suggests that this momentum may change to positive. The downfall is seen in the entire market due to the crash, and there is nothing wrong with TRX.
The volatility has been quite stable for the past couple of months for the TRX token. Currently, the price fluctuation has also increased the volatility and the TRON prices are trading near the middle band of Bollinger Bands, indicating a neutral trend. The RSI is currently trading at 50, also indicating a neutral momentum. However, the coin is trying to move in the overbought zone.
The MACD line looks bearish as it is trading below the Signal Line. Assuming that even if the coin’s price drops a little in the near future, it will still be better to hold onto the TRX coins instead of selling them. TRX investors should look to accumulate the token over time and increase the number of tokens they hold to multiply their returns. It is because the fundamentals of the TRX network are very strong.
Many traders don’t use the Connors RSI, but there are some applications for it in the short term. CRSI is at 71 and is moving in an upwards direction. The Fibonacci Retracement Levels can be thought of as the price levels to which the price will revert. The immediate resistance is placed at $0.08, with crucial and major resistance at 0.09 & 0.10, respectively. The crucial support level of $0.05 looks stable and probably won’t be broken.
However, if the support level of $0.052 is broken, it would be better to stay out of TRX and wait till a new support level is established. The $0.08 price mark was important to break, which was finally broken. But the recent downfall again brought the prices down. However, it seems TRON is ready to take off after the entire market recovers, resulting in ample opportunities for traders to capitalize on the opportunity.
The above chart shows how TRX hit its lowest point, which ended in July 2021. Although this can be considered a significant price drop, the price did stay near the 200-day simple moving average for the most part. After July 2021, the price recovered back up. The 50-days moving average exceeded the 200-days moving average, but that price rise was unable to sustain itself. However, the price started back its momentum and is trading above 50 EMA and 200 EMA, indicating that the coin has enough strength to begin the uptrend.
TRON Price Predictions: Expert’s Opinion
TRON Network’s price predictions are positive and bullish for the long term. Investors can expect the TRON cryptocurrency to reach $1 within the next 10 years. The TRX crypto is also expected to establish a new highest price in 2025. This is all conservative outlook so that the all-time high may be achieved within the next 3 years from an optimistic point of view.
Price Prediction: Price Prediction is particularly very optimistic about the TRX price. It is very likely that they also have the same outlook for the coin, but it seems that the forecast system is used to predict the future price is changing according to the current price of the TRON foundation.
Coin Price Forecast: Coin Price Forecast also maintains a bullish outlook for the TRON price predictions. It is anticipated that the crypto will likely increase by 39% in value before the end of this year. By 2023, $0.13 price levels will be achieved, and it is expected that the fluctuations in price will cause the TRX price to stay steady for the entire year.
In any case, TRON predictions are likely to change given the state of volatility & crypto price changes. So don’t rely on just these predictions as investment advice. The overall crypto market can change quickly, and the volatility can help TRX holders make a profitable investment in the TRON Foundation’s native token.
TRON (TRX) Price Prediction: 2022-2030
The price predictions are based on historical data to forecast future prices. But these values may not be accurate all the time. Also, the crypto space is a controversial topic, and the frauds and government hurdles may cause some crypto to decline in price suddenly. Investors and traders should use proper risk management to trade in these financial assets. It is always advised to do market research and consult with your portfolio manager before engaging in the financial markets.
Let’s take a look at long-term TRON (TRX) price prediction:
TRON Price Prediction 2022
TRX’s price will have a difficult start but will easily achieve an average price of $0.092 once the bullish momentum builds up. The first quarter may see a minimum price of $0.043, which is likely to remain the minimum price level for the entire year. The maximum price by the third quarter may be around $3.1. After this, the price is expected to remain steady near the average price for the year 2022 as per our TRON price forecast.
TRON Price Prediction 2023
TRON Foundation will work on its core product, which may cause the minimum price to reach $0.13 in the year 2023. As per our TRON prediction, the average price may be $0.14 throughout the year, though this can be the first time in TRON price history to see a steady price level without significant fluctuations. By the end of the year, a maximum price is anticipated to be around $0.15 as per the TRX coin price prediction.
TRON Price Prediction 2024
It is anticipated that the price will begin to explode in the first quarter itself and reach the maximum price of $0.23. By the second quarter, the price may likely reach its minimum level of around $0.19. After this plummet, the price is expected to reach its average price of $0.20, where it may remain for the most part before the end of the year when the price again starts to take off.
TRON Price Prediction 2025
The TRON forecast for 2025 suggests that the coin may start with a minimum price of $0.27. By the second quarter, according to the TRON coin prediction, the price may likely fluctuate around an average price of $0.28 and then spike on high trading volume in the fourth quarter to a maximum price of $0.33. After this, the price is expected to plummet temporarily.
TRON Price Prediction 2026
The TRON price may commence at $0.40. The average price may likely be eyeing $0.41 in March 2026. Investors are expected to show interest, resulting in the price spiking to a maximum of $0.46. Within the first half of the year, it is expected that the TRON price drop may cause a period of high volatility where most investors are likely to dump their positions.
TRON Price Prediction 2027
A minimum price of $0.56 may be attained by the second quarter of 2027. It is likely that the price will have a difficult time tackling the $0.58 level, but once it does, it is expected that the price may continue to spike till it reaches a maximum price of $0.68. This is most likely to happen in the third quarter after the investor sentiment causes the price to shoot upwards rapidly.
TRON Price Prediction 2028
The TRON crypto price prediction is likely to average around $0.86 throughout the year. It is expected that the minimum and maximum price levels for the TRON token may be around $0.83 and $0.99. 2028 is also expected to be the year when TRON is at its most stable uptrending growth.
TRON Price Prediction 2029
This may be the year when TRON Foundation finally hits the news that the TRX price crosses $1. The minimum price for this year, according to TRON forecasts, is $1.12, and the maximum price is $1.42. However, the price is likely to drop after reaching the highs, resulting in an average price of $1.15 for this year.
TRON Price Prediction 2030
This year, TRON is expected to have a minimum price of $1.6. With an average price of $1.64 and a maximum price of $1.93, the TRON future price is also quite possible to cross $2 within this year from an optimistic point of view.
Conclusion
TRON Foundation has successfully created a great project, and the possibilities are endless. The high performance of the TRX crypto is likely to push others to adopt TRON. But this does not mean that it will be able to become the top 10 cryptocurrencies, even by 2030, and this is because investor sentiment might not change much to account for the price growth.
There are ample opportunities in the crypto market. For now, it is a safe vision to expect that TRON will continue to grow its market presence. But investors also need to be careful with any crypto, so make sure that you do your market research before exposing yourself to unnecessary risks.
Frequently Asked Questions
Is TRON a good investment?
Yes, TRON is a good investment. Based on the TRX price prediction, it is a safe and long-term bet with very high returns. The blockchain technology being implemented also appears to be quite safe and robust. Given the current circumstances, it seems highly unlikely that things can go wrong for TRON. The returns on TRX for the next 10 years are expected to beat any average cryptocurrency market returns. So, on top of being safe, it is superior to the competition in general.
Where to buy TRON tokens?
There are several cryptocurrency exchanges that support TRON (TRX) and other virtual currencies. Some of the most popular options are KuCoin, CoinBene, and Binance. As Binance has high trading volume and low slippage issues, it is a good exchange for trading cryptocurrency.
How high can TRON go?
The TRON forecast indicates it is expected to reach the $1 mark with ease before 2030. Several experts gave a positive TRON (TRX) price prediction. There is also a possibility to generate 10x or even 20x if we assume that no market crash or any such incidents occur; the TRX token will likely have a 10-year bullish chart.
Does TRON have a future?
The fundamentals suggest a positive outlook for TRX coins. The past performance of TRON is impressive, considering the market fluctuations during the pandemic. That said, the recent drop in price doesn’t really seem to have any meaningful rationale behind it. This may just be a temporary price drop before the token price skyrockets again as per our TRON (TRX) price prediction. The market rank is also expected to increase as the coin continues to improve and adoption increases.
What will TRON be worth in 2025?
The TRON (TRX) price prediction indicates that the average price may reach $0.28 by 2025, and the minimum and maximum prices are forecasted to reach $0.27 and $0.33, respectively.
What will TRON be worth in 2030?
The TRON coin price prediction reveals that the average price may reach $1.64 by 2030, with a maximum expected price of $1.93 for the same year.
Will TRX reach $1?
The TRON forecast indicates the possibility of reaching the $1 mark by the year 2029. This is still a prediction, and multiple factors may affect this prediction. The team behind TRON is working towards getting more market attention, and thus, it is highly likely that continued trust and support behind TRON will push the prices to $1 in or even before 2029.
Is TRON a safe investment?
Investors can consider the TRX token to be a safe investment. The market rank of #25 & market cap of $6,423,558,020 is a good indicator to affirm that the token is less likely to be a fraud or spam. TRX market performance is also not bad, considering its behavior over the past few years. Investors are also participating heavily in this crypto, which is a good indicator of the general public’s trust.