Tron Price Prediction 2023-2032
- Tron Price Prediction 2023 – up to $0.1
- Tron Price Prediction 2026 – up to $0.32
- Tron Price Prediction 2029 – up to $1.01
- Tron Price Prediction 2032 – up to $3
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. How is Tron Price Prediction making out in this turbulent crypto weather as major crypto exchanges unravel?
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.
Like many cryptocurrencies and blockchain assets, Tron enjoys a great deal of interest not only in its immediate utility in empowering the next form of the internet – but also in its potential to bring profit to those holding it. Rest assured that a lot of development is taking place to improve the Tron ecosystem. If you encounter any issue with the system, here is a good place to look.
How much is TRX worth?
Today’s TRON price is $0.0839 with a 24-hour trading volume of $153,671,915 USD. TRON is up 0.46% in the last 24 hours. The current CoinMarketCap ranking is #11, with a live market cap of $7,464,763,889 USD. It has a circulating supply of 89,137,139,563 TRX coins and the max. supply is not available.
Tron price analysis: Bullish swing results in price climbing above $0.0839
TL; DR Breakdown
- TRX price analysis is in favor of buyers today.
- Resistance for TRX is present at $0.0850.
- Support for TRX/USDT is present at $0.0826.
The latest Tron price analysis on September 23, 2023, is confirming that a bullish trend has been dominating the charts for the past few weeks. A rise in price has been observed in the last 24 hours as well, which is quite encouraging for the buyers. The price has been uplifted to the $0.0839 level, as the bullish momentum has been getting stronger with each day. Although the price has experienced some degree of downfall this week, today’s trend has been promising.
TRX price analysis 1-day chart: Bullish rally takes price beyond $0.0839 fence
The one-day Tron price analysis is dictating that a rise in price has taken place in the last 24 hours. The circumstances have been going extremely favorable for the bulls for the past two days. This week has seen a fluctuation in price movements, as well as the bears, were struggling to regain their position. Today’s trend, however, has been extremely supportive for the buyers as the price has increased up to the $0.0839 level.
The moving average (MA) value in the one-day price chart is at the $0.0837 level. Whereas the Bollinger bands average is maintained at $0.0814, while the upper Bollinger band is touching $0.0864 point and the lower Bollinger band is touching $0.0863 point. The Relative Strength Index (RSI) score has improved up to 64 due to the strong buying activity in the mrket.
TRX/USD 4-hour price chart: Recent developments and further technical indications
The four-hour Tron price analysis is showings signs of a bullish trend, as the price has increasd to a significant level. The reversal in trends was quite unexpected, as the bears were striving for the lead earlier. Nonetheless, an upward trend has been observed in the last four hours, as the price has moved up to the $0.0839 level. The price has gone above the moving average value which is $0.0833 as a result of the bullish trend.
The SMA 20 curve is still below the SMA 50 curve as the bearish pressure was quite strong in the later part of the yesterday’s trading session. The upper Bollinger band value for the four hour price chart is at $0.0849 where the lower Bollinger band value is at $0.0825. The RSI score is in the neutral zone, as it is showing the figure of 53 but its sharp upwards curve shows robust buying activity in the market.
What to expect from TRX price analysis?
The one-day and four-hour Tron price analysis shows that the market has followed an upward trend for the day. The price has improved considerably and is now touching the $0.0839 mark. On the other hand, a drop in price was detected at the start of the trading session which means that the approaching hours might also observe some selling pressure.
Recent News on TRON
TRON (TRX) is collaborating with APENFT and the Giacometti Foundation to organize an art showcase in Paris running from October 7, 2023, to January 7, 2024. This partnership aims to bridge art and blockchain technology. Moreover, TRON introduces TroNBox, a versatile smart contract toolbox, enabling users to easily develop, test, and implement smart contracts on the TRON network, making blockchain accessible to a wider audience.
Justin Sun, the TRON founder, recently minted $865 million worth of TrueUSD (TUSD) stablecoins in 10 transactions on September 15., which raised concerns due to TUSD’s limited adoption in the crypto industry. Sun initially transferred the stablecoins to a Huobi hot wallet, then moved them to an stUSDT mint contract, burning the tokens. He subsequently deposited the newly generated $865 million stUSDT tokens into the TRON-based DeFi platform, JustLend, leveraging his extensive connections within the involved protocols and exchanges.
A substantial 5,000 ETH was transferred from a Tron address to Huobi exchange, believed to be associated with TRON’s founder Justin Sun. The address, linked to Sun, withdrew 200 million USDT from Tron’s JustLend and shifted the funds to Huobi, according to PeckShieldAlert.
Tron founder Justin Sun purchased five million CRV tokens from Curve Finance founder Michael Egorov at a discounted price of $0.4 per token, spending $2 million in USDT. The deal was registered by Etherdrops, a cryptocurrency token monitoring service. This purchase came after Curve Finance suffered a $70 million exploit due to a vulnerability in programming tools.
Tron DAO and BitTorrent Chain are launching the Tron Builder Tour, a global outreach program encouraging developers to build on their blockchain. The tour includes hackathons in different US cities, inviting aspiring Tron developers to join the “blockchain bullet train” towards a decentralized future. The tour runs from July to September 2023, featuring the HackaTron competition with a prize pool, swag for participants, and the chance to win more prizes in the online HackaTron S5. Huobi Ventures, the co-host, sponsors a bug bounty of up to $2,500 for the Tron Builder Tour.
Chain Swap. Tether has revealed its intention to collaborate with a third-party exchange in order to facilitate a chain swap. The purpose behind this move is to convert 750 million USDT from the Tron blockchain to the Ethereum ERC20 standard. The company emphasizes that the total supply of USDT will remain unchanged throughout this entire process. TRON is forecasted to kick off the month with a price of $0.074, eventually reaching $0.08 by the month’s end. Throughout June, the projected peak for TRX stands at $0.1, while the anticipated minimum price hovers around $0.074.
Partnerships. DWF Labs, a leading digital asset market maker and Web3 investment firm, has announced a strategic partnership with TRON, a prominent blockchain network, in a significant move to bolster support for blockchain ecosystems. The collaboration aims to leverage DWF Labs’ expertise as a liquidity provider to enhance TRON’s ecosystem and foster its growth. This partnership marks an important milestone in advancing the development and accessibility of blockchain technology.
Metaverse Free Port. Tron CEO Justin Sun unveiled a new mission and vision for the company, aiming to create a Metaverse free port and enable global economic inclusion for the entire world population. Sun envisions TRON as a vibrant blue ocean of opportunities, providing accessible finance to everyone and serving as a compliant free port for financial services in the metaverse while adhering to local jurisdiction requirements.
Mainnet Launch. On the Tron blockchain, Tether (USDT) tokens have achieved a new record high of $46 billion, surpassing Ethereum’s $36.8 billion. This accounts for over 60% of the circulating supply of USDT. The milestone coincides with the fifth-anniversary launch of the Tron mainnet.
What’s up with the founders? Justin Sun, founder of TRON, accuses Li Wei of acquiring and selling Huobi Tokens without charge. Li Wei, the brother of the founder of the Huobi exchange, Li Lin, is at the centre of this controversy.
Trust is important to survive. Many blockchain-based digital platforms support smart contracts and in particular, Tron (TRX) provides an income stream for content creators without intermediaries. Tron (TRX) supports about 2000 transactions per second. The Tron (TRX) token value struggles to keep pace. Investors’ trust is at an all-time low, despite its higher transaction per second than Bitcoin or Ethereum.
Crypto is in legal trouble. The lack of advanced technological upgrades to the Tron (TRX) network caused a free price fall in 2021. Recent SEC suits against the founder, Justin Sun, and his companies also contribute to the already ailing Tron (TRX) value. The charges include manipulating the secondary market and selling unregistered securities.
Tron Price Predictions 2023-2032
Price Predictions By Cryptopolitan
TRON Price Prediction 2023
The estimated minimum price for TRON in 2023 is $0.088. It could potentially climb to a high of $0.100, with an average trading price of around $0.091 for the year.
TRON Price Prediction 2024
Based on a comprehensive technical analysis of past TRX data, the price of TRON in 2024 is expected to hover around a minimum of $0.13. The price could escalate to a maximum of $0.16, maintaining an average trading value of $0.13.
TRX Price Forecast for 2025
For the year 2025, TRON’s price is anticipated to touch a minimum of $0.19. It could go up to a maximum of $0.22, with an average trading price of $0.19 throughout the year.
TRON (TRX) Price Prediction 2026
According to forecasts and technical evaluations, the price of TRON in 2026 is likely to achieve a minimum of $0.27. The price may peak at $0.32, with an average value of around $0.28.
TRON Price Prediction 2027
Based on predictive models and technical scrutiny, the price of TRON in 2027 is expected to reach a minimum of $0.39. The price has the potential to hit a maximum of $0.46, with an average trading price of $0.40 for the year.
TRON Price Prediction 2028
In 2028, TRON’s price is projected to hit a minimum of $0.57. According to our analysis, the price could reach up to $0.68, with an average price of $0.59 throughout the year.
TRON (TRX) Price Prediction 2029
After a thorough technical analysis of historical TRX data, the price of TRON in 2029 is expected to reach a minimum of $0.84. The price may surge to a maximum of $1.01, with an average trading price of $0.86.
TRON Price Forecast 2030
By 2030, the price of a single TRON is projected to be at least $1.22. It could potentially reach a maximum price of $1.46, with an average price of $1.25 for the year.
TRON (TRX) Price Prediction 2031
For the year 2031, the price of TRON is forecasted to reach a minimum of $1.73. It could ascend to a maximum of $2.13, maintaining an average price of $1.78 throughout the year.
TRON Price Prediction 2032
In 2032, the lowest expected price for TRON is $2.40. Based on our projections, the price could go up to a maximum of $3.00, with an average price of $2.49 for the year.
TRON Price Prediction By Coincodex
According to Coincodex’s current TRON price prediction, TRON’s value is expected to decline by -12.06%, reaching $0.069656 by September 17, 2023. Technical indicators suggest a Bullish sentiment, while the Fear & Greed Index registers at 30, indicating a state of fear. Over the past 30 days, TRON has experienced 15 green days out of 30, with a price volatility of 1.88%.
Based on this forecast, Coincodex suggests that it is a favorable time to invest in TRON. In terms of long-term projections, the platform estimates that TRON’s price could hit a yearly low of $0.060367 in 2024. Conversely, the cryptocurrency’s value could soar to as high as $0.388733 next year.
TRON Coin Price Prediction By DigitalCoinPrice
According to the TRON price prediction by Digital Coin Price, the future of TRON appears promising, with a steady increase in its value. The site’s projections for 2024 suggest that TRON’s price will exceed $0.17. As the year concludes, TRON is expected to attain a base value of $0.17, with the possibility of hitting a remarkable high of $0.19.
By 2032, TRX’s price trajectory is projected to climb beyond the $1.54 threshold. By year’s end, TRON is expected to settle at a minimum of $1.49 while still possessing the capacity to attain a maximum of $1.55.
TRON Price Prediction By CryptoPredictions.com
CryptoPredictions.com’s TRON price prediction forecasts a promising outlook for TRX’s future value. In October 2023, TRON (TRX) is anticipated to commence at a price of $0.086 and conclude the month at $0.102. Throughout the month, analysts predict that the highest projected price for TRX will reach $0.124, while the lowest expected price will be around $0.084.
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 toward the previous resistance of $0.22-$0.025 and retested it as support.
As expected by analysis of several well-known traders at the time, Tron’s 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.
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 prediction 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.
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 (was integrated with DeFine in September? Or TRON’s expansion into the NFT ecosystem with APENFT is operating successfully? Or was some other strategy hatched by Justin Sun?
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.
More on the Tron Network
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 $5.4 billion in capitalization, while the 24-hour trading volume exceeds $250 million.
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 of 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 middleman is eliminated, and content creators get paid instantly.
TRON Ecosystem Applications
Some of the core applications that the TRON ecosystem aims to provide include:
- Wallet-Cli: Wallet-Cli is the official wallet client provided by the TRON foundation. Further, Wallet-Cli is a command-line version of the wallet that provides essential tools to communicate with the TRON public chain by RPC protocol. RPC protocol stands for remote procedure call, an inter-process communication technique used for point-to-point communication between software applications. Wallet-Cli supports all functions of the TRON public chain in real-time.
- TronLink: TronLink is a TRON wallet that provides users with a convenient experience, complete functions, and secure funding options.
- Blockchain Explorer: The first blockchain explorer based on TRON is tronscan.org, which offers essential functions like searching transactions, accounts, blocks, nodes, smart contracts, token creation, and more.
- DApp: TRON public chain aims to attract a vast community of developers to join in the development, deployment, and running of DApps on the blockchain because of their high performance, low cost, and safety.
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 tokens to incentivize and reward network users. This created massive interest for the token, and it soon 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.
Plans to develop the ecosystem align with Star-Trek and Eternity phases. Star-Trek is set to launch in mid-2023, and Eternity in late 2025.
Therefore, we will probably 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 rapidly lose money 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 was applicable for transfer, and for this reason, people started shifting to TRON.
What other factors affect the TRX price?
Tron celebrated the 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 flourishing.
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 daily on the Bitcoin blockchain.
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 coin supply naturally comes from the number of tokens 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, giving 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.
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 global regulations 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 DApps
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 in the TRX blockchain functionality, which created 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 to which 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.
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TRON DAO introduced a development fund to support blockchain projects focused on AI. With AI technology gaining increased attention and experiencing growth, especially within the cryptocurrency sector, TRON DAO seeks to expedite this trend through its latest $100 million fund.
It is anticipated that TRON will soon position itself at the top list of dominating the payment sector, significantly pushing TRX’s price to the North.
Not long ago, TRON’s stablecoin USDD depegged from $1 and traded at $0.97, which built up a strong negative sentiment in the TRON community with an extended bearish consolidation ahead in the TRX price graph. However, the development team seems promising as it looks for several ways to revive the ecosystem with great enhancements to the network. It is advised to do your own research and conduct good investment advice before investing in the highly volatile market.
TRON has evolved the blockchain space to a new era as it focuses on developing the foundation of a decentralized global ecosystem, which is a crucial sector of the crypto space. TRON coin is a highly-rated cryptocurrency with massive potential for widespread adoption in the future. Much of these expectations are due to the strategic partnerships continuously secured by the TRON ecosystem in a bid to promote awareness of the platform.
An example of such partnerships is the recent collaboration with the Republic of Dominica, in which the TRON platform will be used to create fan tokens known as Dominica Coins (DMC), which serve to promote the country’s national and cultural heritage.
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.
Furthermore, the TRON network continues to attract numerous developers and users with its high throughput and low transaction fees. On the first of September, Tron’s founder, Justin Sun, announced the network had hit a new milestone, recording a total transfer value of over $5 trillion since its launch in 2018.
Tron has weathered its investors from this year’s crypto winter, and due to its high utility, it 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 written from scratch and originally in Chinese, the main thing going for TRX.
TRON may soon make a bullish reversal as the developing team is actively looking for valuable opportunities to bring to the TRX platform. If the demand for TRX stays stable or increases, and supply remains constant, TRON crypto may see a price increase in the future. With the Tron Foundation out of the way, TRX will be one of the most decentralized cryptos and can shoot up to a high of $3.05 with an average forecast price of $2.56 by 2032. You have to trade and hold TRX for a long time before getting rich due to its volatility.
Most TRON price predictions consider TRX a favorable asset for long-term investment, capable of delivering steady profits over the years. The future prices of TRON will majorly depend on the crypto market’s favorability to make it a good investment option. That said, these price predictions are not guaranteed, as various factors can influence cryptocurrency market prices. Thus, investors are advised to consult with financial market experts before making investment decisions.