TRON is definitely one of the most known and recognized projects on the crypto market. Their ambitious vision is promoted by extensive outreach, and Justin Sun is one of the people who can be called “crypto celebrities”. A large community of investors and developers has a lot of faith in the project, so let’s see how the experts view the future of TRON and what TRON price predictions are out there for the near and far future.
What is TRON and TRX?
TRON is a decentralized network for transacting and development of blockchain applications. The goal of TRON is to revolutionize the entertainment industry by empowering the content creators to monetize their own content and deliver it directly to the customers. Since the network works on top of the blockchain, there is no need for intermediaries who can monopolize, censor and control the distribution of media.
The value in the TRON network is transferred with the native coin Tronix (TRX) (sometimes also called TRON). TRX can also be staked to secure the network in exchange for voting power, additional bandwidth and energy (fee-free calls to Tron Virtual Machine and transferred data system). Like in similar networks, the price of the coin comes from the value of the network it powers. In more detail, you can familiarize yourself with TRON and TRX in our Beginner’s Guide.
To understand the possible future scenarios better, we have to have a look at the history and trends that have already happened with TRON. The next two sections will be devoted to it in a great detail.
TRX Price History
TRON Price in 2017-2018
TRON was launched in 2017 with the help of an ICO (Initial Coin Offering, a pre-sale to early investors on special conditions). It raised $70 million and distributed 100 billion TRX.
TRX was launched just in time for the rising interest in cryptocurrencies and the Bitcoin rally which took almost all other assets to the new record prices. In January, 2018, TRX quickly rose to $0.300363, which is the current all-time high of the price. Just as quickly, it returned to the range in which it was being traded in December, $0.03-0.04, but didn’t sink lower. For a brief bull market in April, 2018, it even rose to $0.08-0.09, but since then was in a downtrend during the “crypto winter” (a long-lasting (2018 and well into 2019) bear market which came as a result of the 2018 correction). The 2018 closing price for TRX was about $0.01-0.02.
TRON price in 2019-2020
The downtrend was broken in mid-2019, when TRX price managed to return to the $0.03 range in June. Nevertheless, it seems like it was not the defiance of the overall bear trend in the market, and soon the slow downtrend came back. 2020 opened with TRX sitting tightly in the $0.01 range. February looked like the start of a new rally for the whole market, and TRON at that time broke above $0.02, but the COVID-pandemic crisis brought down the prices in mere days. The good news is, since March the price of TRX has been climbing up. Just a week ago, the rise accelerated, and at the moment of writing, a single TRON coin is valued at $0.029769. It ranks 15th according to CoinMarketCap, with the total market capitalization of $2,133,237,347.
What can the price of TRX be in the future, though? Keep reading for experts’ Tron price predictions!
What can influence the price of TRON?
The most recent network upgrade, TRON 4.0 or Great Journey, as it is called, happened just a month ago. It introduced optional shielded transactions that use zero-knowledge proofs (a cryptographic function that transmits the fact a solution was found without revealing it; can be used to conceal addresses or sums in a transaction). TRON has even more utilities now, including privacy features. It did not drive the price up momentarily, but contributed to the continuing uptrend.
Acquisitions of TRON Foundation
In 2018, TRON Foundation acquired BitTorrent, a peer-to-peer file sharing platform with 12.9 million active monthly users. A while after, the BTT token was integrated into the system, which allowed for monetization of file sharing and downloading. BTT is a token within the TRON ecosystem, which means that essentially, network fees for using BTT are tied to TRX directly. As is the case with most tokens and native coins, the demand for the former drives up the demand for the latter.
A more recent acquisition of the Foundation is Steemit in February of this year. The social network was supposed to be moved to the TRON blockchain in the future, but the community split and hard-forked the network, moving to a new HIVE blockchain. Steemit on TRON network could have driven quite a lot of value to it, but the community decided against it.
Growth of Ecosystem
The strategic goal of TRON network is to become a top distributor of entertainment content. To achieve this, they improve the network to make it a more convenient tool for developers to build apps on, but also the Foundation holds outreach campaigns to attract established partners on board. Justin Sun is known for his habit to tease upcoming partnerships, no matter their significance, on his personal Twitter account. Both organic and growth through effort drive up the amount of users and transactions on TRON blockchain.
2020 is shaping up to become the year of DeFi, and TRON is not letting this opportunity go to waste. Earlier, they introduced their own DeFi protocol, Just (JST). Its pivotal companion product is the JustSwap, decentralized TRC-standard token exchange, which launched in mid-August.
Most of these reasons are also cited by the experts and traders that give Tron price predictions we rounded up for you later in the article.
Popular Twitter posts about TRON
— The Crypto Dog? (@TheCryptoDog) August 13, 2020
Right now, Ethereum dominates the DeFi sector, but the popularity drove the transaction fees up to $5 and higher, and the network got congested. Trader and influencer Crypto Dog picked up the comparison with TRX, as the use cases of these two platforms are largely overlapping, but TRX has higher scalability and throughput.
— Tommy Mustache #❤️❤️❤️ (@MustacheTommy) August 18, 2020
Altcoin-focused influencer Tommy Mustache gives some interesting stats about the recent growth of TRX price. As many traders conclude from the graph, TRX has been long in consolidation and has broken out violently, but we have yet to see if the traction persists, as Tommy fairly resolutes.
$TRX/BTC has been ranging for a while.
We get a confirmed bottom formation upon a clean break of ~262 sats. pic.twitter.com/RgLIRJOcmJ
— CTO Larsson ? (@ctoLarsson) August 17, 2020
An even less biased opinion comes from CTO Larsson. In the base tweet he mentions that the all TRON-related social media is using the circumstances around their largest competitor, Ethereum, and the surge of interest in DeFi to form a narrative around TRON (and we all know how much narratives matter in crypto!), and while this might come off as opportunist, this might as well propel the project to the next level of success. In the analysis in the reply, he gives his analysis and predicts a breakout above 262 satoshis (resistance marked as a black line on the chart).
Tron Price Predictions for 2020
Gov.capital Tron Forecast: $0.0134
The algorithm used by Gov.capital forecasts that by the end of 2020, TRX will lose a lot of current momentum and value. It will stay above $0.02 for a while until late 2020, when the price will sink to $0.013-0.015. The year is predicted to be closed with TRX at $0.0134.
Crypto Weather TRX Price Predictions: short-term targets at 244 and 260 sats, long-term target 362 sats
YouTuber Trevon James analyzed the TRXBTC chart in one of his recent videos. He names Tronix as one of the coins that showed accumulation against BTC, and is now breaking out. In the next few weeks of months, he claims, TRX will be retesting the resistances at 244 and 260 satoshis, and in a few months the target level which can be reached will be as high as 362 satoshis (for reference, today this is equivalent to $0.044148).
His reason to be bullish for TRON is the same: TRON also utilizes Solidity as a programming language, meaning that Ethereum devs can migrate their apps easily to this blockchain, but the fees are unnoticeable or straight-up non-existent if some TRX is frozen.
DCForecasts TRX Price Predictions: $0.02-0.05
Within the observable future, authors of DCForecasts predict that the levels which the TRX holders can expect are within $0.02 to $0.05. However, they are bullish on it long-term, and say that eventually, as the market stabilizes, TRX can reach dollar parity.
Nearest future is not as interesting as the forecasts for a few years or even a decade ahead. Read on until the end to see what the experts say!
TRON Price Predictions for 2021-2024
SkinnyMoonHunter: $1.78 by 2021
YouTuber SkinnyMoonHunter gives the analysis of TRXBTC chart as well, and he expects the repetition of the same trend as in 2018, when the TRX price soared by 7,000% percent. While the projections he draws on the chart might look parabolic and sharp, he admits that the price will not arrive straight at that level anytime within this year, and instead will climb there by 2021. Taking the current price into account, this Tron prediction points to somewhere about $1.78614.
TradingBeasts TRON Price Predictions for 2021-2023: $0.0365245 to $0.0515969
TradingBeasts’ TRX price predictions are quite positive: they project consistent growth for TRX over the next several years without major pullbacks and crashes. In January of 2021, the RX price will be equal to $0.0365245 on average throughout the month, and by December, 2023, it will grow up to $0.0515969 on average.
WalletInvestor TRX Price predictions: down to $0.001 in 2022, $0.003-0.009 range in 2024
WalletInvestor seems to be extremely bearish on TRX. In the coming years, the lowest dip is projected to happen in 2022, when TRX will lose about 90% of its current price, and is predicted to trade in the range closer to $0.001 for almost the entire year. In a couple of years, in 2024, TRX will somewhat recover and see penny parity again, but for the most part that year the price will not exceed $0.009. All in all, they recommend against investing in TRX for the long term.
It is often understood that long-term investments start at 5 years, so let’s have a look at the predictions that try to pinpoint the price of Tronix in five years from now.
Tron Price predictions for 2025
DigitalCoinPrice TRON Forecast: up to $0.12296065
According to DigitalCoinPrice, in five years TRX holders will see a great return of almost 400%. However, the average price for each month, as can be seen in the chart above, will be somewhat volatile, but stay within the range of 12 to 14 pennies.
CoinLiker TRON Forecast: $0.535124
Even more bold Tron price predictions are calculated by the Coinliker algorithms. They see a lot of potential in the project, and deem their forecast of $0.535124 quite conservative. There is no reason to dismiss their reasoning: the parabolic growth occurs naturally quite often, and has been observed quite frequently on the markets.
Coinnounce Tron Prediction: $0.6-$1
Coinnounce authors speculate that by 2025, TRX price has all the chances to reach $1, though a more moderate estimate would lie within the $0.6-0.8 range. The project is very likely to enjoy the support of its community full of developers, including Justin Sun, for a long run. However, this scenario is possible unless there is a severe crackdown on the cryptocurrencies from the governments, among some outside influences.
Want to know what our expectations are? We’re about to tell you in a couple of sections.
TRON Price prediction for 2030
Cryptocurrencies as they are right now are highly volatile assets, prone to be led by market trends, break the trends or even change dramatically under outside influences. Therefore, making a prediction for 10 years in advance is as good as a game of guessing. By that time in the future, TRON will definitely accomplish all their milestones in the roadmap and focus on mainstream adoption. There is a high amount of TRX in existence, and no hard limit, like in Bitcoin, so it is quite unlikely that TRON will reach three figures. However, a price of about $10 dollars seems like an optimistic yet feasible forecast for such a long time.
ChangeHero TRON Prediction
So, summing up other TRON price predictions, we can give the following forecast for TRX price:
Tron Price Predictions
|2021||Over $0.3 (previous ATH)|
|2025||Over $0.1, maximum $0.5|
|2030||Anywhere between $1 and $10|
- In 2020, TRX might go as high as $0.04-0.05, but a new ATH is yet unlikely;
- In a year, Bitcoin might score a new ATH, and so will many altcoins, including TRX;
- By 2025, a single TRX has all the chances to trade above $0.1 on a regular basis, and $1 does not seem too far-fetched.
Buy and Exchange TRX with ChangeHero
If you believe that TRX will continue to grow, or just support their vision and see a lot of potential in the project, why not get a bag of TRX on ChangeHero?
You have the option to buy TRX with a credit/debit card in exchange for USD, EUR and RUB. or just exchange crypto for TRX with no registration or KYC. Either way, we strive to provide the best possible rates on the market and top-notch service. Want to cash out? No problem, we got you in this case, too: purchases and exchange work both ways. Our exchange platform and support specialists work 24/7 to help you any time of the day.
Among the vast amount of coins and tokens on the market, TRON is one of the most prominent and successful, and it is definitely one that the vast majority has at least heard of. They are constantly working hard on staying relevant and bringing value to the blockchain, so in terms of development for the years to come, there is very little doubt that TRON will not slow down. All of these factors are only more reasons to keep an eye on this project! Here’s a little tip: you can do it by giving ChangeHero a follow in the social networks: Twitter, Facebook, Reddit and in Telegram. Feel free to share your TRON price predictions there, too!
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.