TRON Price Prediction: Can TRX Coin Reach $5?
One of the top cryptocurrencies is Tron (TRX), it is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. While the entertainment industry is on the rise all around the world, Tron seeks to give artists and content creators the option to fully own the content they create. Read more about Tron price prediction in the new StealthEX article.
- 1 Tron Overview: A Tailored, Effective, and Scalable Blockchain System
- 2 Tron Price Prediction
- 3 Tron Price Prediction: Experts’ Opinions
- 4 Factors Affecting Tron Coin Price
- 5 Is Tron a Good Investment?
- 6 Conclusion
- 7 Where to Buy Tron (TRX)?
Tron Overview: A Tailored, Effective, and Scalable Blockchain System
The blockchain-based project Tron was introduced in 2017. It was founded and created by entrepreneur Sun Yuchen (better known as Justin Sun). Because Tron didn’t try to promote any advancements in network architecture or cryptography, it was very uncommon at the time. While Tron is now a separate coin, it was once an Ethereum-based ERC-20 token.
|Circulating Supply||88,676,257,031 TRX|
|Total Supply||88,676,295,271 TRX|
|1 Month High / Low||$0.1115 / $0.08664|
|All-Time High||$0.3004 Jan 05, 2018|
Tron works on a delegated Proof-of-Stake consensus mechanism. In this system, transactions are validated by 27 super representatives that are entrusted to maintain the transaction history. Super representatives are chosen every six hours, and earn TRX coin generated by the mechanism as a reward for their services.
The Tron blockchain gets a new block added every 3 seconds, and those who added the block get awarded 32 TRX tokens. Tron is a unique cryptocurrency since it enters the market with completely different objectives and a completely different viewpoint. It’s worth noting that, unlike many other crypto projects, TRX doesn’t charge any transaction costs, which makes it a unique and highly valued cryptocurrency. Furthermore, the network can handle 2,000 transactions per second, which is quite impressive.
Tron (TRX) Price Chart
TRX Price Chart. Source: CoinMarketCap, 14 November 2023
TRX Coin Price History
As mentioned earlier, Tron was first launched as an ERC-20 token on the Ethereum blockchain in September 2017. Through an initial coin offering (ICO), it was later transferred to the Tron network in 2018. Its price fluctuated very little throughout the first three months, hovering about $0.002.
In December 2017, Tron experienced its first significant price movement, shooting up to $0.04 and surpassing $1 billion in market capitalization for the first time ever. Tron saw even greater gains as a result, rising 400% in less than a week to hit its all-time high of $0.21 on January 5, 2018. When it reached $14 billion, Tron’s market capitalization also set an all-time high.
These gains, however, were short-lived as Tron’s price crashed to less than $0.06, nearly losing all of its previous value. Before seeing a final price increase in April to hit $0.10, Tron’s price fluctuated and it appeared that it would never rise above this threshold. Tron quickly dropped back to $0.02 after failing to maintain its $0.10 pricing.
2020 and 2019 TRX (Tron) didn’t see as many sharp highs and lows. It peaked in June 2019 at $0.04, but it didn’t stay there. In just one day, it dropped 45%, and by March 2020, it was below $0.01. After this decline, Tron’s price increased steadily over the following few months, doubling by the beginning of September. However, this surge was short-lived, as TRX saw yet another plunge. Tron crypto’s price fluctuated a lot for the remainder of the year.
Tron got off to a strong start in 2021 and, after three years, broke through at $0.06. With a 400% increase in price to $0.16 in April, Tron reached a new peak. But Tron was unable to hold onto this value, and by year’s end, it had fallen to $0.07. The price of Tron has increased and at the moment, TRX coin costs $0.1065.
Tron Price Prediction
TRX Price Prediction 2023
DigitalCoinPrice experts believe that by the end of 2023 TRX’s price might go as low as $0.0945 (-11%), while its maximum price may go up to $0.23 (+116%).
PricePrediction crypto analysts think that by the end of 2023, TRX’s price will overall increase in value. Its minimum low might fluctuate around $0.11 (+3%), while at its maximum Tron coin will rise to $0.12 (+12%).
WalletInvestor crypto experts give a moderately optimistic price prediction for TRX for the end of 2023: the minimum price TRX may reach in December 2023 is $0.0791 (-25%), while its highest price level will be slightly higher than its current price and quite reachable – $0.136 (+28%).
Tron Coin Price Prediction 2024
According to DigitalCoinPrice, Tron crypto will continue rising in price. Based on the experts’ forecasts, in 2024, TRX might go as high as $0.26 (+144%) per coin at its highest point. Its minimum price might go as low as $0.23 (+116%).
WalletInvestor believes that by 2024 TRX’s price will be quite low: their experts predict that the coin’s minimum price will hover around $0.0751 (-30%), while at its peak it might reach $0.156 (+46%).
Based on the experts’ forecasts at PricePrediction, in 2024, Tron coin might drop to $0.16 (+50%) as its lowest price and rise to $0.19 (+78%).
Tron Price Prediction 2025
DigitalCoinPrice experts believe that in 2025, Tron crypto will continue slowly, but surely rising in price. Based on their predictions, TRX might go as high as $0.37 (+247%) per coin at its highest point. Its minimum price might go as low as $0.31 (+191%).
WalletInvestor believes that by 2025 TRX coin won’t recover: it promises that the cryptocurrency’s minimum price will hover around $0.065 (-40%), while at its peak it might reach $0.16 (+50%).
According to PricePrediction, at its peak at the end of 2025 Tron crypto will rise to $0.28 (+163%), and it may also drop to a minimum of $0.24 (+125%).
Tron Crypto Price Prediction 2030
DigitalCoinPrice crypto analysts think that by 2030, Tron coin nearly hit or hit the threshold of $1: its lowest price will be around $1.03 (+867%), while its maximum price will go as high as $1.11 (+942%).
PricePrediction experts expect the coin to go even higher: according to them, the coin’s lowest price will hover around $1.59 (+1,400%), while at its peak it might reach $1.88 (+1,660%).
According to Telegaon forecasts, by the year 2030 TRX coin will cost at least twice as much: it can go as high as $3.51 (+3,200%) per coin. It can also drop in price to a minimum of $2.92 (+1,640%) per coin.
TRX USDT Price Technical Analysis
Source: Tradingview, Data was taken on November 14
Now that we’ve seen possible price predictions for Tron crypto, let’s find out a bit more about what crypto experts have to say about it.
Tron Price Prediction: Experts’ Opinions
It is challenging to forecast Tron’s future price because it depends on a multitude of variables, including the state of the world economy, new big players entering the market, the project’s development, and more. However, the majority of experts agree that the Tron price may grow long-term. In addition, many believe that TRX is currently an undervalued and underrated cryptocurrency.
For one, Tron’s substantial market capitalization should be noted, despite the fact that it may appear to be a cheap cryptocurrency. It is widely acknowledged by experts that Tron has the potential to develop even more in the foreseeable future. In light of this, it would be worthwhile to invest in it, particularly given the growing popularity of dApps. Some crypto websites like Coinpedia believe that, though Tron won’t be able to reach $1 by 2030, it is expected to create a new all-time high of $0.7259.
Factors Affecting Tron Coin Price
Although TRON’s value had been steadily increasing, it plummeted along with other coins during the current crypto winter. In 2020, when it was first gaining popularity, a number of variables affected its worth. Since the project aims to have a significant impact on the content space, it is thought that it may have an effect on both the traditional space and the newly growing field of content creation.
Here are some of the factors that could impact TRX’s price in the future:
- The development of new features.
- Adoption rates.
- New partnerships.
- Investor interest.
Risks and Opportunities
Tron is developing in the entertainment market. Content creators want to move away from centralized tech giants to better monetize and own their content. Additionally, Tron has adaptability in multiple areas, such as social networks, streaming, and video hosting, and has a high throughput compared to Bitcoin and Ethereum networks. To add to it, Tron has high scalability: developers can deploy smart contracts in multiple ways.
However, as technology evolves and crypto projects learn from the mistakes of early founders, competitors could overtake Tron, while the project itself is in the early development stage and, according to the roadmap, needs more work for expansion. The question of whether Tron (TRX) is a risky investment in 2023 requires careful consideration of its price volatility and past controversies.
Is Tron a Good Investment?
Right now, a lot of cryptocurrencies are thought to have attractive investment prospects. Many people believe that TRX is a wise investment, particularly in light of the token’s recent significant increase in value. Additionally, it has been determined that there is a steady increase in the need for dApps, which could propel Tron’s growth in the blockchain and cryptocurrency sectors.
Does Tron (TRX) Have a Future?
Based on fundamental principles, TRX’s future is auspicious and may be brighter than expected. Tron might reach $1 by 2030 if investors decide that TRX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Can TRX Reach $5?
In order for Tron to reach $5, it would need to rise 60 times. At $5, Tron’s market cap would be around $440 billion, which is close to the market cap of Bitcoin. While it is impossible to predict how TRX will perform in the future, if we assume Tron will grow at an average rate of 50% every year, then It would take Tron 11 years to reach $5. However, the market conditions may be unfavorable, and it’s very much possible that Tron will hit this target much later.
Will Tron Reach $10?
If Tron were to grow at a rate of 25% each year, it would take about 22 years to reach $10. Considering the growth and time required, Tron has a very low chance of reaching $10.
How Much Will Tron Be Worth in 2025?
Based on DigitalCoinPrice forecast, in 2025 TRX ctypto might go as high as $0.37 per coin at its highest point. Its minimum price might go as low as $0.31.
What Is the TRX Prediction for 2028?
According to PricePrediction, in the year 2028, TRX coins will fluctuate between $0.75 and $0.89.
What Will Tron Be Worth in 5 Years?
According to DigitalCoin’s forecast, the price of Tron cryptocurrency will climb over the next five years to reach $0.5-0.58.
What Will Tron Be Worth in 10 Years?
According to DigitalCoin’s forecast, at the very beginning of 2033, the price of Tron can reach $2.06 at its peak.
Despite facing numerous obstacles in the past, TRON continues to rank among the top cryptocurrencies. Investors have also been attracted by the lack of regulation, and Tron’s developers have intriguing plans for use cases. This is what makes Tron stand out from other cryptocurrencies, and this makes it a potentially valuable platform for the future. Right now it is still unclear whether investors will continue to recognize TRON’s great worth in the years to come. That is the most important factor to take into account if you intend to buy TRON in 2023.
Where to Buy Tron (TRX)?
StealthEX is here to help you buy TRX coins if you’re looking for a way to invest in this cryptocurrency. You can buy TRX coin privately and without the need to sign up for the service. StealthEX crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.
How to Buy Tron Coin: Quick-Step Guide
Just go to StealthEX and follow these easy steps:
- Choose the pair and the amount you want to exchange — for instance, ETH to TRX.
- Press the “Start exchange” button.
- Provide the recipient address to transfer your crypto to.
- Process the transaction.
- Receive your crypto coins.
Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.crypto price prediction price analysis price prediction TRON TRX