31.5 C
New York

Tron Price Prediction – Could 2020 Be the Year of the TRX?


Hey! you know Tron is one of the most sought after currencies in the crypto world. Before you invest in Tron, Read this complete guide on the Tron coin. What is the future of Tron? Is it safe to invest in Tron? Check out these detailed predictions and forecasts of Tron. 

Advertisement Advertisement

One of the cryptocurrencies boasting wide adoption and utility is Tron. Presently, there are more Decentralized Applications (DApps) on the TRON network than on any other system like Ethereum. As more DApps join the system every now and again, TRON grows its popularity in the crypto ecosystem. 

This popularity often begs the question about what the future holds for TRX. Is it a viable project in the long run or just based on “thin air”? Find out with this detailed price prediction.

Table of contents

What is TRON (TRX)?

Tron is a blockchain platform which came into existence in 2017. Justin Sun is the founder, who also previously worked for Ripple. This coin aims to transform and expand the way digital content and publications. Moreover, it is easier to share content with major service providers like YouTube or Facebook as the content creator. 

Tron (TRX) is a leading coin by market cap that emanated as an ERC20 token on the Ethereum network. By April 2018, Tron migrated to its own smart computing system. Tron strives to be an Ethereum opponent, meaning its aim is to be a smart contract protocol that can host decentralized apps.

TRON (TRX) Technical Analysis

In September 2017, CoinMarketCap listed Tron at $0.002, with a trading volume of $48,512. The price of Tron was $0.044682 in early January 2018, later the price reached $0.22 on 5 January 2018.

Tron Price Prediction – Could 2020 Be the Year of the TRX? Blockchain, Featured CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

TRX had its best years between its first two of existence. Listed in 2017, the cryptocurrency was changing hands at $0.002 and had next to nothing trading volumes. However, in 2018, in January, the coin experienced its first major pump which pushed the price towards $0.05. 

Before the end of the first quarter in March, further explosive price gains escorted the price to around $0.25 per unit, representing the coin’s All-Time-High. 

By the end of Q1 2018, TRX’s price fell into a huge price plunge until late Q2 in May 2018. While the previous day its biggest trading volume of $4,089,410,000 was posted and ever since a decline reflected for the remainder of 2018. 

Before the end of May, prices came down to $0.03 but later rose to $0.09 later in the same month. The price of $0.02261 in Aug 2018  represents a drop of 48% compared to the price on Jan 1, 2018.

Ever since there has been no change in the price. The whole of 2019 passed with minor fluctuations with no major spikes in the TRX price. Jun 2019 saw TRON coin price reaching $0.04 which the all-time high of 2019. TRX price ended 2019 with a low value of $0.013406. The 2019 price was completely different from earlier TRON predictions.

TRON (TRX) Price Prediction 2020

Tron Price Prediction – Could 2020 Be the Year of the TRX? Blockchain, Featured CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Tron began the year trading around $0.015. There had been a progressive price increase since the first quarter of the year until mid-February. Around February, the price of Tron had touched about $0.025 before the inbound downfall. 

Towards the end of Q1 2020, Tron began a price plunge which drove its price down to $0.008. This is however the lowest point attained so far this year. 

Into the beginning of the second quarter, around April, prices marched upwards touching $0.015 again. The surge continued into May as prices tried to set major support above the level. 

However, a surge beyond the $0.02 level proved abortive as TRX fell below and has been trading between $0.015 and $0.02 level since the beginning of this quarter. 

The general price reduction for the end of the year 2020 is $0.15 per TRX. This comes from a variety of predictions that conveniently predict that the long-term TRX market sentiment is overly bullish. 

TRON (TRX) Price Prediction 2021

TradingBeasts.com predicts that in January 2021 a price between $0.05-$0.08 may be expected. By the end of December 2021, a high rise is expected at prices from $0.21 – $0.30.

Another site CoinSwitch forecasts Tron for the first time could reach the price of $0.4 and it will be more fluctuating than 2021. Eventually, by December 2021, a decline in the price is expected to $0.24.

TRON (TRX) 5 Years Price Prediction 

By 2020 more and more organizations can embrace this technology, as the price prediction depends on its acceptance ratio also as it rises it will be more valuable. Mostly startups like publishing startups or music startups will accept this.

The TRX price is expected to have some growth in May. TRX price prediction suggests that the TRON price can go up for a long-term 1536.75% in the TRX price value with a 5-year investment. This means the Tron Price is forecasted to stand at $0.54 in the year 2023.

TRON (TRX) Market Prediction

  • The Tron coin is always a top discussion topic for many experts. 
  • According to Investing PR, the Tron coin price might go up to $1 in the next five years, and that sounds like a sensible and conservative prediction.
  • One of the popular websites, Walletinvestor.com predicts Tron to reach $0.168 USD in the next one year.
  • Another site Tradingbeasts.com states that it can go up to $0.28 USD with a difference of around 266.46% in the price.
  • Organicposts.com predicts the lowest price of $0.139 USD in 2020 on their site. 
  • Besides this, Coinliker.com has a completely different idea where it suggests the highest price for Tron price to be climbing $1.47 USD within 1 year.
  • According to Bitcoinrevolution.org, Tron coin price might go up to $1 in the next five years, and that sounds like a sensible and conservative prediction.

Why do experts see a future in TRON?

The developers are taking extra efforts in the improvement of TRON. Justin Sun, founder of TRON is always on the forefront, giving out special updates notifications. This has enhanced and cemented people’s trust in the crypto.

TRON (TRX) Recent Updates 

TRON 4.0 will be officially released on July 7

In an open letter to the community, Sun and the TRON Foundation announced that they will celebrate the second anniversary of the mainnet with the launch of TRON 4.0.

TronWallet Releases New Version with Some Exciting Features

Especially, the app’s creators initiated support for the much-requested BTC/USDT trading pairs. TronWallet’s users will eventually be able to swap Bitcoin for Tether’s Tron-based stablecoin (and vice versa).

Steemit Moves to Tron (TRX) Blockchain

Blockchain-powered Reddit competitor Steemit has migrated to the Tron blockchain, according to a press release shared along with the development. This is a major partnership for Tron that already boasts more than 800 dApps under its belt.

Our TRON (TRX) Price Prediction

There are minor changes in the TRX cryptocurrency price forecast. Perhaps cryptocurrency will gradually grow over the years. It all depends on the development and the efforts of the team. The estimated cost of cryptocurrency in the next year may double to $0.03. However, it is impossible to predict the TRX price as the cryptocurrency market is unstable.

Source: https://coinpedia.org/price-prediction/trx-tron-price-prediction/

Related articles


Recent articles