The opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of TRON has the potential to reach anywhere up to $1 per token with potential price increases of over 200% between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy TRON.
“DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.”― Mohith Agadi
News about TRON
- Tron Founder Justin Sun Purchases Joker Tpunk NFT for $10.5 Million
- Tron Foundation Launches $300M Fund to Invest in GameFi Projects
From app creation to cross-border payments, there is an enormous range of uses for various altcoins. One of the most ambitious is TRON. With a charismatic leader and a rapidly growing list of influential partners and investors, interest in TRON and its native currency of TRX is growing rapidly, leading to demand for a TRON price prediction.
With an overall aim of becoming a low-cost digital media sharing platform that takes out the power of the middle man and returns it to content creators and consumers, TRON is an innovative idea, to say the least. In its short history, it’s successfully managed to provide early investors with returns of up to 350%.
But are you wondering if it’s too late to start investing in TRON? You’re not alone, many people are curious about whether investing in TRON now is a good idea. I was one of those people until I began to use a range of factors to research the future price of TRX such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in TRON. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for TRX investors who get on board now? Will it rise even further? Our TRON price prediction aims to answer all. But first, let’s start with just what TRON actually is, where TRX comes into it, and just how it works.
What is TRON?
Founded in 2017 by Justin Sun, TRON was created under a non-profit organization called the Tron Foundation. TRON aims to create a decentralized blockchain platform that acts as a global digital content entertainment system allowing users to easily share digital content cost-effectively. Whilst TRON is the project, its popular native cryptocurrency is TRX.
To remove costs associated with creating and sharing digital content, TRON aims to remove the middleman from the equation. To do so, a peer-to-peer network is used to connect content creators and consumers directly. This is expected to benefit content creators who can increase their profits whilst still charging lower prices and consumers who can reap the benefits of enjoying more content for a cheaper price.
On account of its innovative technology and vision, TRON and its native currency have both gained a significant following. Dedicated investors in the platform have been deemed the “TRX Army”. As the project develops further and gathers more fans, many are expecting its price to rise significantly.
Pros and cons of TRON
Like any cryptocurrency, TRON has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of TRON.
|✔️ Affordable entry price making it ideal for new crypto investors.||❌ TRON recently lost its spot in the top 20 digital assets in the world by market cap.|
|✔️ High speeds and low transaction speeds make it an attractive digital asset for many.|
|✔️ TRON boasts an increasing number of partnerships with mainstream companies.|
Do you still have questions about TRON? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about TRON and TRX to give you a better understanding of the original digital asset and its price potential.
Who uses TRON?
Over its four-year history, TRON has managed to secure some significant users. As well as acquiring Bittorent, it also secured partnerships with Samsung and its blockchain KeyStore. TRX also has a dedicated userbase that has been deemed the “TRX Army” on account of their loyalty to the native cryptocurrency.
How does TRX gain value?
Like most cryptocurrencies, the value of TRON and TRX are largely driven by speculation in their current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for TRON is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can TRX reach $1 per token?
Due to numerous partners and a passionate, enigmatic figurehead behind it, TRON has secured partnerships and collaboration with various leading tech companies and other well-known businesses. It would not be impossible for TRX to reach $1 one day, but it might take a while.
Where do people buy, sell, and trade TRX?
You can buy, sell, and trade TRX from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
TRON Price History
Now three years old, the price history of TRON is short but undeniably sweet. A mere year after its foundation, it successfully acquired the popular torrenting site of BitTorrent. This move garnered TRON a lot of attention and marked it as an up-and-coming player in the crypto sphere.
Similar to other cryptocurrencies, the price of TRON’s native coin rose significantly with this positive news. The price of TRX subsequently rose from $0.02 to $0.09 per coin. In the months and years following, TRON continued to secure partnerships and investors in the project. However, this wasn’t the only positive price influence. Another price factor lay within the enigmatic project founder Justin Sun.
Similar to Elon Musk, Justin Sun often uses Twitter to update his “TRX Army” of various updates and rumors surrounding the project and he certainly knows how to market his project and send the TRON price rising. For example, paid millions of dollars just to have lunch with Warren Buffet to try and persuade him on crypto and simultaneously sent the price of TRX rising fast.
In 2019, TRON secured one of its most significant investors yet in the form of Samsung and its blockchain KeyStore. As well as sending the price of TRX rising once again, it secured TRON’s position in the crypto sphere as a significant player.
Although its price history has been as rocky as many other digital currencies, in 2020 TRON was mostly going up. As well as continuing to secure various partnerships and investors, Tron got its own crypto emoji on Twitter and launched various Defi projects to compete with Ethereum.
Previous price action, continuous positive news, and a promising future have led many to speculate that the price of TRON could rise significantly in the future. But does it have the potential to see significant returns for investors in both the short term and long term? Let’s see what the experts have to say.
Expert analysis of the TRON price potential
One of the best tools we can use to try and determine the potential future price of TRON and TRX is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Prime XBT is bullish on the TRX price prediction. Based on TRON continuing to build partnerships with influential organizations and persisting with being a unique model that retains a solid support base, they believe TRX has the potential to reach around $1 per token by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to TRON, they are also bullish but not as much as PrimeXBT. Over the long term, WalletInvestor predicts that the price of TRX could reach somewhere around $0.4081 by the end of 2025.
DigitalCoinPrice is fairly bullish on its TRX outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $0.08748184 by the end of 2021, $0.11478191 by the end of 2023, and finally, a figure of $0.15944788 by 2025.
Another rather bullish expert analysis on EOS is LongForecast. They predict the price of EOS in 2021 to potentially reach up to $0.049 by the end of the year. In the following three years, they expect the price to drop to $0.019 by the year 2025.
So from over $0.049 in the short term and up to $1 in the long term, the overall expert analysis on the future price of TRX is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the TRON price potential
Now we move onto technical analysis to try and predict the future price of TRX. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
TRON Price Prediction 2021 – 2022
Since the beginning of 2021, the price of TRX skyrocketed by 105% from $0.0268 to $0.0548. It’s predicted that the TRX price will rise an additional 87% in the second half of 2021 and it’s then expected to close the year at $0.1024. A year-to-year change of +283%.
TRON Price Prediction 2022 – 2023
After starting the year at $0.1024, it’s predicted that the price of TRX will rise to $0.1331 per coin in the first half of 2022, it’s then expected to gain $0.0052 and finish the year at $0.1383, which is a +152% gain on the current price.
TRON Price Prediction 2023 – 2024
After starting 2023 at $0.1383, TRX is expected to drop slightly to a figure of $0.1220 midway through the year before going on the rise again and ending the year at $0.1403 at an overall annual increase of 156% from the current price.
TRON Price Prediction 2024 – 2025
After starting 2024 at $0.1403, TRX is expected to rise to $0.1511 halfway through the year. The second half of 2024 is expected to see the price of TRX end the year at a slightly lower price than the first half of 2024 at $0.1394. That’s an overall annual increase of 154% on the current price.
In conclusion, TRON is one of the most ambitious projects in the cryptocurrency space with an enigmatic and passionate founder behind it. Its previous price history and continuous collection of significant investors and partners have led many to give a positive TRON price prediction that shows a potentially bright future ahead for this digital content sharing platform.
Whilst many people can see the significant potential in TRON, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy TRON
TRX is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on TRON. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. TRON is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of TRON and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.