Tron Price Prediction 2022-2031: Is it a Good Time to buy TRX?

TRX, or rather Tronix, is the native crypto asset of the TRON Network.TRON is a Blockchain-based decentralized network targeting an unchained, worldwide digital content entertainment structure using distributed ledger technology and enabling straightforward and cheap data sharing.

A sideshow would be Mr. Sun, who is now an ambassador and Permanent Representative of Grenada to the World Trade Organization, is offering $60 per share to buy Twitter. This amount is roughly 10.7% higher than Elon Musk’s offer. How is owning Twitter affect TRX’s price?

Your response could vary among those given:

  • We want to move Twitter offshore and make its workforce decentralized so that it can be more neutral and less US-centric.
  • We want to turn Twitter into a more open and decentralized Web3 framework that is open source and friendly to developers.
  • We want to encourage more user engagement and start to develop a mechanism to clean the scammers and bots immediately.

Twitter has also clarified that its plan doesn’t prevent the board from engaging with parties or accepting an acquisition proposal if it’s in the company’s best interests. By this development, we want to prove a point that coin price movements are influenced by factors whose outcomes can be predicted. And so, let’s keep a close tab on who wins the bidding and the developments after. Those who fail to keep watch will repeat their errors over and over. As we’ve said, this is a sideshow but rather crucial to TRX prices.

One of the several cryptocurrencies that experienced an all-time high during the late 2017 and early 2018 cryptocurrency craze is TRX. It may be realistic to wonder whether and when it can return there, if at all, given that it hasn’t even come close to the heights it attained back then. As with other cryptos, it is always advised to do your own research and seek investment advice whenever investing.

Today’s TRON price is $0.068952, with a 24-hour trading volume of $524,429,649. TRON is up 2.81% in the last 24 hours. The current CoinMarketCap ranking is #13, with a live market cap of $6,376,147,996 USD. It has a circulating supply of 92,472,766,748 TRX coins, and the max. supply is not available.

Also Read:
• How To Mine TRON

Developments affecting the TRX Price

The price took a sudden hit of 7% when, on December 17,  Justin Sun announced that he had been appointed as Ambassador, Permanent Representative of Grenada to the World Trade Organization and would be stepping back from TRON. As a result, the TRON Foundation has said it has “settled to dissolve itself on July 25, 2022”.

Despite this, the Tron (TRX) price still keeps going up. Could it be that the strategic investment of an undisclosed amount in the DeFine social NFT platform is finally bearing fruits? The funding will be used to develop the first NFT marketplace in the TRON ecosystem and launch auctions soon. Or could it be that the network’s BTFS file storage system (integrated with DeFine in September? Or TRON’s expansion into the NFT ecosystem with APENFT is operating successfully? Or some other strategy hatched up by Justin Sun?

What Is Tron (TRX)?

Tron (TRX) was created by tech entrepreneur Justin Sun in 2017. The TRON project funds were raised through an Initial Coin Offering (ICO), with a subscription of funds reaching 70 million. This was one of the largest ICOs and increased cryptocurrency popularity even further.

Today, Tron has grown into one of the largest cryptocurrencies with over $6.4 billion capitalizations, while the 24-hour trading volume exceeds $1 billion. The coin ranks among the top 30 coins and has a circulating supply of 71,659,657,369 tokens.

At first, TRX ran on Ethereum’s ERC-20 blockchain as it offered a quick and easy solution for running the peer-to-peer network. Later on, the developers of Tron switched the blockchain to their custom-made solution.

The blockchain used proof of stake mining and validation consensus algorithm and was one of the first cryptocurrency projects to implement this solution.

One of the primary use cases and benefits for the TRX platform is the support for content creators and artists by providing ownership over the content they create.

This is done by storing and tracking the information about created content and its use on the blockchain.

Therefore, content creators can directly track how their creations are used and their reward for producing them. The middle man is eliminated, and content creators get paid instantly.


Tron Overview

Tron Overview
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
tron
TRON
TRX
TRX$ 0.068984$ 6.38 B2.25%92.47 B$ 533.14 M

Tron Foundation

The Tron foundation is the governing body of the Tron blockchain. They aim to popularise and further develop the blockchain. Based in Singapore, they ensure that the TRX blockchain is regulated and complies with laws. Tron, Justin Sun, is still the Tron foundation leader and is listed in the Forbes list of 30 under 30 in Asia.

In 2018, a popular peer-to-peer torrent sharing network – BitTorrent, announced that the TRON Foundation had acquired them to use TRX token to incentivize and reward network users. This created massive interest for the token, and soon, it exceeded a $1 billion cap.

Several other projects and development phases have since been launched, with the most notable ones being the Odyssey, which created a system for incentivizing content creators. Further development phases – Great Voyage and Apollo-enable content creators to build their brands and issue personalized initial coin offerings to raise funds for their projects.

Further, plans to develop the ecosystem are in line for the future with phases of Star-Trek, which is estimated to launch in mid-2023, and Eternity estimated to launch in late 2025.

Therefore, we are likely to see interest in Tron and blockchain itself grow even further in the upcoming years and increase the price.

Let’s look at Tron’s previous price history to understand what the future price could look like. IT is a good investment if you are losing money rapidly in all others.

Tron has been compared with Ethereum due to its lower fees and fast payment. When ETH was at its all-time high, a considerable amount of fees as applicable for transfer, and this reason, people started shifting to TRON.

What other factors affect the TRX price?

Tron celebrated its most significant milestones in its existence surpassing a million active user accounts. But since then a lot has changed because the total number of active user accounts surpassed 4 million and it is increasing steadily.

Moving forward, in the first week of June 2021, there have been more than 10 million transactions recorded on the Tron blockchain. On June 14, it recorded a total of 1,049,206 transactions. That is almost triple the number of transactions recorded on the Bitcoin blockchain per day.

Factors affecting Tron’s price are the same as any other cryptocurrency – mainly, the supply and demand on cryptocurrency exchanges. More significant deals are often done off the exchanges, creating a negligible impact on the Tron price.

Supply and Demand

The supply of the coin naturally comes from the number of tokens that are released into the market every day. In the case of Tron, you can earn a mining reward by staking the coin.

As of now, staking TRX offers around a 7 percent annual yield. However, this yield will vary over time and based on market conditions.

On the other hand, the demand for Tron comes from investors who want to buy it with the expectation that its long-term value will grow. Another motivation for purchasing Tron is the ability to stake your coins, which in return gives you an annual yield.

Staking TRX tokens also gives the power to vote on various issues that the network developers want to solve or features that they want to add. Therefore, by purchasing and staking TRX, you help ensure the TRX blockchain’s consensus mechanism.

Regulatory Compliance

Recently rumors of the United States and China investigating the TRON Foundation and the blockchain itself. In his Twitter account, the founder of Tron Network, Justin Sun, ensured no reasons to doubt the accusations of malpractice as the network is run as a decentralized network. Therefore, claims of centralized manipulation are of no sense since the TRON Foundation is only one of several thousands of participants.

Overall, TRX is compliant with various regulations over the world as any other major blockchain. This ensures the demand for TRX continues growing. Therefore, over time, the crypto market price should continue to rise over the next five years.

The Rise of Apps

Over the last months, the TRX network experienced an increased interest in decentralized applications (DApps). As of now, more than 100 DApps are running on the blockchain, offering various categories of functionality ranging from exchanges to gaming and gambling.

Websites such as DappRadar offer a quick overview of the most popular ones and how many users have each decentralized application attracted over time. User count ranges from several hundred to several thousand, and this number is expected to grow further over the next 5 year period.

This raised interest for the TRXs blockchain functionality creates an additional appeal to invest in Tron. Therefore, creating extra trading volume and market growth for the cryptocurrency market.

Where to buy Tron?

Tron is available for trading on practically every major exchange, just like Bitcoin or Ethereum. It is one of the best-known cryptocurrencies with a high average trading volume of more than $2 billion per day. As seen during previous bull markets of cryptocurrencies, this number is likely to grow over the next five years. Therefore purchasing crypto shouldn’t be an issue for anyone interested in trading or investing.

How to store Tron?

Tron offers several options for storing crypto. The basic one is the so-called TRON paper wallet, which involves a primary method of printing out your private keys and keeping them on a piece of paper in a place where only you have access. This basic solution comes from earlier cryptocurrencies such as Ethereum.

Other options include Tron Android wallet, Tron IOS wallet, Chrome wallet, Exodus desktop wallet, and the commonly used hardware wallets of Ledger Nano and Trezor. This means that the Tron coin can be stored in as many different wallet options as other well-established cryptos such as Ethereum.a

Tron Price History

As seen on the Tron chart, the price of Tron cryptocurrency has seen a good amount of volatility over the past years.

After spending the second half of 2019 retracing from $0.04, TRX eventually found support around the exchange rate of $0.11.

This resulted in a push higher at the beginning of 2020 as the price set a new higher high, indicating that a new bull cycle has potentially begun.

However, after peaking at $0.026 in the middle of February 2020, the Tron price got heavily rejected to the downside, destroying any bullish price prediction at the time. What followed for the price of crypto was another dump lower.

The Tron price pushed through previous support and set a new several-year low at $0.07.

The price started to slowly recover from there on, creating a bullish Tron (TRX) price action structure by the end of the year.

In September, the Tron price moved and saw a very sharp spike to the upside, resulting in a brief breakout from the significant resistance of $0.04 as it hit a new several-year high of $0.05.

During the following weeks, the crypto retraced towards the previous resistance of $0.22-$0.025 and retested it as a support.

As expected by analysis of several well-known traders at the time, Tron price reversed from thereon. After spending the end of 2020 in a consolidation, Tron pushed higher at the beginning of February in a solid bull run, resulting in a $0.065 level being reached, beating several predictions.

Tron Price Prediction 2022-2031: Is it a Good Time to buy TRX? 1

Source: Tradingview

It is in a bearish momentum and has an RSI index of 39. In the 4-hour chart, we can make a short-term Tron price predicition using the above technical analysis. With the reversal in the trend, the coin price has changed its bearish outlook as it is trading above the 50-day and 100-day MA, breaking out of the upper end of the Bollinger Band.

Now, let’s look at the long-term Tron price prediction for the upcoming years and remember that these Tron price predictions are not investment advice.

Tron Technical Analysis

The Tron price fell sharply in the second week of June but rapidly reversed in the preceding days. The William Alligator trend lines show Tron trading sideways for the last week, with the current candle indicating a short-term upward trend. The MACD histograms show little Tron momentum to the upside.

Tron Price Prediction 2022-2031: Is it a Good Time to buy TRX? 2

Tron Price Predictions by Authority Sites

Walletinvestor

According to Wallet Investor, AI, and machine learning algorithm, Tron cryptocurrency’s past market performance ranks ‘A+’ and would make a ‘bad’ long-term investment. The Tron average forecast price for the coming two weeks will be dominated by bulls, rising from the current price to $0.0696 at the end of the period. The technical analysis predicts Tron will lose 3.16% of its value in one year and fall from its current price to $0.0665.  There will be a slight price drop in 2024 to an ROI of -3.49%. Tron ROI in 2025 will be -4.13%, in 2026, it will be -4.45%, and in 2027 it will be -3.14%.

TradingBeasts

Trading beasts analyze Tron’s historical data to predict the cryptocurrency market. Their cryptocurrency market analysis expects the Tron cryptocurrency price to reach $0.0887207 in August. It will rise towards the end of the year and will be trading at an average price of $0.0887708 in December. The drop will continue until June 2023 at $0.0880548, when traders can expect a significant price shift to $0.0861639 in December. The year 2024 will be dominated by bears, pushing prices from $0.0857006 in January to $0.0766465 in December. 2025 will have an opposite performance, opening at $0.0752560 in January and closing at $0.0905107 in December.

Digitalcoin Price

DigitalcoinPrice Tron’s price forecast is exceptionally high compared to Walletinvestor. Tron has been downward for the better part of this year. As it recovers, Tron is expected to rise by about 50% in August to $0.0932. It will trade between a minimum price value of $0.0916 and a maximum price value of $0.0969 for the remainder of the year. The Tron average price in 2025 will be $0.13, with a maximum price value of $0.15 and a minimum price value of $0.12. In 2030, Tron will experience tremendous growth with an average price of $0.31, a minimum price of $0.30, and a maximum price of $0.33.

Cryptopolitan

Tron Price Prediction 2022-2031: Is it a Good Time to buy TRX? 3
Tron Price Prediction 2022-2031: Is it a Good Time to buy TRX? 4

Tron Price Prediction 2022

TRX price prediction for 2022 is $0.095. Tron is one of the few coins that has weathered this crypto winter with minimal losses. Recently the Tron DAO deployed $20 to safeguard its market. The funds strengthened their action against shorters betting against Tron’s USDD algorithmic stablecoin. USDD borrows some of its features from the infamous Terra Luna UST.

Tron Price Prediction 2023

TRX price prediction for 2023 is $0.14. Tron gives Ethereum a run for its money and dares to steal its market share following its scalability shortcoming. Tron is a highly scalable blockchain, and the upgrade of WEB3.0 will not significantly impact Tron. Tron will start recovering and trade between $0.14 and $0.16 for the year.

Tron Price Prediction 2024

TRX price prediction for 2024 is $0.21. The Tron network prides itself in over 103M accounts registering 3.5B transactions. The numbers are staggering and illustrate the growing adoption of the Tron blockchain; the Tron ecosystem is one of the fastest growing in the world. Tron will trade between $0.20 and $0.24 for the year.

TRX Coin Price Prediction 2025

TRX price prediction for 2025 is $0.29. Blockchain interoperability has increased the scope of Tron. Ethereum and Binance chain users opt to transfer tokens on the Tron chain due to its low gas fees. Tron cryptocurrency will sell between a minimum price of $0.28 and a maximum price of $0.35.

Tron Crypto Price Prediction 2026

TRX price prediction for 2026 is $0.43. Sun Network is a project by Tron. Sun Network enables dAPPS to operate on Tron with less energy consumption, high safety, and faster speed. The Sun Network should be in operation by 2026. Tron will trade between a maximum price of $0.49 and a minimum price of $0.42.

Tron Coin Price Prediction 2027

TRX price prediction for 2027 is $0.64. Tron has core partners that transverse centralized and decentralized ecosystems. The partners include Apenft, Samsung, Bittorrent, Opera, Poloniex and Swisscom blockchain. The number of partners will increase as more industries dare to adopt blockchain systems. Tron’s average trading price will range from $0.62 to $0.73.

Tron Trx Price Prediction 2028

TRX price prediction for 2028 is $0.94. Tron has the fastest growing Dapp ecosystem, recently passing EOS. Samsung app store listed Tron Dapps on its front page. The increasing utility increases the value of Tron TRX as its demand increases. Tron price analysis suggests Tron coins will trade between $0.92 and $1.06.

Tron Trx Price Prediction 2029

TRX price prediction for 2029 is $1.4. TRC20 USDT is issued on the blockchain and has achieved great popularity since its inception; USDT is number 3 with a market capitalization of $68B. Tron will eventually trade above $1 in 2029. The Tron future is bright, and TRX prices will hover between $1.36 and $1.58.

Tron Trx Price Prediction 2030

TRX price prediction for 2030 is $1.97. The Tron ecosystem will continue to innovate in the future. Novel technologies will make Tron transactions seamless and give it an edge against upcoming competitors. Updates will ensure future Tron adoption. The Tron forecast and price prognosis suggest Tron will trade between $1.92 and $2.34.

Tron Trx Price Prediction 2031

TRX price prediction for 2031 is $2.86 on average, ranging from a maximum value of $3.30 to a minimum value of $2.79. JustStable is Tron’s decentralized finance gateway. The platform enables users to borrow, trend, and lend tokens on the Tron ecosystem; future users are assured of liquidity and more utility for their Tron tokens.

Tron Price Predictions by Industry Influencers

Rockstar Youtube channel provides Tron latest news and price prediction.

Crypto Vault youtube channel goes through a detailed Tron price prediction and top news. They note that TRX has the potential to reach $0.53 in 2025.

Recap 

Tron seems to be a cryptocurrency with consistent gains during bull markets and substantial, but not catastrophic, losses during down markets. In other words, the currency has generally acted in step with the market. This may come as a bit of a letdown for long-term aficionados for a token that clearly looks to give a lot.

The Tron ecosystem is rapidly growing with new users and dapps. This results from the robustness, scalability, and low cost of the blockchain. As we transition into WEB 3, we anticipate new industry players to plug into the Tron blockchain like Samsung.

Tron has weathered its investors from this year’s crypto winter, and due to its high utility, Tron will be highly profitable in the following market bull run. The shaky performance of Tron USDD stablecoin will adversely affect Tron’s performance in the case of a crash.

Many Tron opponents and Ethereum proponents have long believed that Tron is not legitimate crypto. They have speculated on the legitimacy of Tron as a company in general after Tron openly admitted that it is going after Ethereum. ETH is the second-largest crypto by market capitalization.

However, crypto enthusiasts think that the two projects cannot be compared. They are different since the ETH developers wrote their code from scratch while Tron might have copied and improved the code. Nonetheless, Sun said that the Tron blockchain code was also written from scratch and originally in Chinese, the main thing going for TRX.

Most Tron price predictions by analysts are bullish for the long term. Through fundamental analysis, Tron has a robust, scalable blockchain with near-zero transaction fees and will therefore remain relevant into the future.

There was a time when Tron also became widely popular in Europe, being one of the most popular cryptocurrencies to invest in. Crypto investors are always looking to invest in altcoins that would have a price surge as good as Bitcoin, and Tron is definitely one of those.

Tron will have little price growth in the remaining part of this year. When the market begins to recover, Tron is anticipated to soar and outperform many cryptocurrencies.

Tron, however, remains a risky investment; always do enough research before purchasing any crypto.

By reading your favorite coins’ price analysis and daily roundups, you may keep yourself updated and better able to make a decision.

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