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TRON (TRX) is a unique blockchain and cryptocurrency that is in high demand among players and gambling fans.
Cryptocurrency experts of an international scale predict that it will have a great future.
Investors want to know the TRON (TRX) price predictions for this cryptocurrency, one of the largest, currently in sixteenth place by market capitalization.
To get a better idea of the TRON coin price prediction for 2022-2030, let’s take a look at the company and its founder.
The TRON Foundation
The TRON Foundation is an organization based in Singapore. The Foundation, which calls itself the “industrial force” of Southeast Asia, supports the TRON development team and participates in its open, honest and transparent cryptocurrency network. Regulation and compliance are core values for the TRON Foundation team. The Foundation has been approved by the Singapore Registrar of Companies (the Accounting and Corporate Regulation Authority of the Ministry of Finance).
The young leader of the company, Justin Sun, has achieved remarkable achievements. First of all, he created the Peiwo app, which already has 10 million users. Sun made Peiwo the first streaming app that accepted cryptocurrency payments. Now, Peiwo app is among the top members of the online audio content community.
Forbes included Sun in the list of 30 under 30 business leaders in Asia. He is also a protégé of Jack Ma, founder of the Alibaba Group. Ma chose Sun to study at the prestigious Hupan University. Getting to this university is more difficult than getting to Princeton.
Additionally, Sun is a graduate of the University of Pennsylvania. In addition to Jack Ma, Sun has surrounded himself with even better mentors. For example, Feng Lee (Ripple advisor) and Tim Berners-Lee (inventor of the Internet). Sun also worked for Ripple as a representative and chief advisor.
There are more and more influencers in the crypto industry predicting that TRON (TRX) will grow. This extensive experience and support allows Sun to have the necessary skills and knowledge to run its own cryptocurrency project.
What is TRON (TRX)?
TRON is a decentralized entertainment platform that uses blockchain and P2P technology. TRON (TRX) is a next generation social media platform where users can create and share content with anyone in the world.
Tronix (TRX) is the main cryptocurrency on the TRON blockchain. This currency helps manage transactions between entertainment content creators and buyers. With the help of the TRON blockchain, people who actively use social networks, online casinos and other types of entertainment will benefit from the use of their content by others.
Content creators can benefit from the TRON cryptocurrency ecosystem, primarily by receiving substantial compensation for their content when it is shared with others.
This model works in reverse of traditional social media platforms like Facebook and YouTube. TRON monetizes user information, while other platforms tend to pursue their own interests without taking users into account. When TRON (TRX) is used, no one controls the creators’ content, allowing content creators to earn money through their creativity and effort. TRON runs strong campaigns on social media and media outlets.
TRON is continually looking for new partners and opportunities. This is a list of some of the collaborations he has done:
- TRON has established collaborations with the largest bicycle rental company in Southeast Asia, oBike. oBike is based in Singapore and has launched its coin, oCoin, on the TRON network. oCoin coins are used in real life to travel on the oBike platform. The company gives oCoin coins to its users as a reward for choosing their company.
- Other major partners are Bitmain, a leading manufacturer of ASIC chips used to mine Bitcoin. Bitmain’s Antminer S9 is one of the most in-demand products in the Bitcoin mining community. So if someone asks about TRON, don’t forget to mention this legendary collaboration.
- Another TRON partner, Zag-S&W, is an international law firm specializing in business and corporate law. That’s a promising bonus, as the firm is listed on the Legal 500, an expanded network of some of the world’s largest firms. This collaboration provides comprehensive protection and support to companies with digital asset transactions, risk management and legal adaptation to different jurisdictions. As TRX appears on more exchange listings, the demand for legal assistance will increase. This collaboration is an excellent strategic step and comes as no surprise to the owners of the non-profit organization behind TRON.
- In 2018, Sun acquired the US-based BitTorrent for $140 million. BitTorrent owns the biggest torrent clients, BitTorrent and uTorrent. These applications generate 3% of daily Internet traffic per month. Sun noted that blockchain companies should do more than just encourage users to share free content. They should also share financial benefits by offering something that can be traded for their computing power. That is why TRON continues to grow and inspire more start-ups to migrate to its systems.
- In addition, the news was published that Sun is involved in the group that invested in Poloniex. This American cryptocurrency exchange was previously acquired by Circle startup for about $400 million, thus expanding the business. However, the market share of this exchange went from 60% in 2017 to 1% and Justin took control of the cryptocurrency market.
In March 2021, TRON partnered with MixMarvel, in a move that will integrate TRON with Rocket Protocol 2.0 and Rocket Protocol’s Wallet SDK. TRON will be able to provide users with a smooth FT and NFT cross-chain experience using a wallet integrated with the Rocket Protocol Wallet SDK.
These agreements and collaborations have served for TRON (TRX) to significantly expand its influence in the technology and crypto space.
TRON (TRX) Price Analysis
TRON is trying hard to compete with cryptocurrencies like Stellar , XRP , Cardano, and Ethereum . TRON (TRX) is currently ranked 25th by market capitalization at $6,276,482,991.24.
TRX Price History
TRX price analysis and prediction starts by reviewing historical data. TRON is a fairly young cryptocurrency, created in late 2017. The network was launched in mid-2018.
TRON price dynamics:
- When it was created during its ICO phase, the price was $0.002.
- After the token was issued, the price rose to $0.05 in December 2017.
- The highest price it has reached has been $0.30 for 1 TRON coin in early January 2018.
- After some time, the price dropped to $0.03-0.04.
- In early May, after the launch of the network, the price shot up to $0.08 before falling again.
- By the end of November 2018, it reached a low of $0.01.
- In June, the price rose to $0.047 and then kept falling until 2020.
- The lowest price reached was on March 13, 2020, when the coin was worth $0.00686.
Now, TRON is trading at $0.09248 per TRX coin. The cryptocurrency has shown strong growth since hitting its low.
TRX Technical Analysis
In the downtrend that has gripped the cryptocurrency market since Q4 2021, Tron has also struggled. While it’s not the worst performing coin, it’s not the best performing either. Since its last attempt to recapture the set high in April 2021, TRX’s value has slowly but steadily declined.
At the time of writing on March 20, Tron has been consolidating around a strong resistance level at $0.0613 for days. In keeping with the general principle of price action, a push on this may be coming soon. The question is: in which direction? The market structure is at record lows, and the general sentiment is not particularly bullish either. Support levels break down and resistance levels hold more often than ever. All in all, it shouldn’t be a surprise if the price breaks lower to the next support level at $0.0410.
TRON (TRX) Price Prediction in 2018
Early 2018 was a time of significant growth for all cryptocurrencies, and TRON (TRX) is no exception. TRON price shot up to a record high of $0.30. As the price of the asset peaked, the bears stepped in and knocked the price down to $0.023. However, the launch of Minenet helped TRX break above $0.10. After that positive development, the rest of the year was bearish for TRON and other altcoins. In 2018, the price of TRON fell to $0.011.
TRON (TRX) Price Prediction in 2019
TRON crypto price performance in 2019 prediction is similar to 2018. It performed well at the beginning of the year, the price increased and reached $0.045 on June 26, 2019. The rest of the year was low. TRX price dropped to its low of $0.011 and remained close to that level for the rest of the year.
TRON (TRX) Price Prediction 2020
Just like other cryptocurrencies in 2020, Tron also had a good year. The price was $0.0132 and a yearly low was set in the first quarter of the year. Tron continued to trade higher until the end of the year, closing more than 250% off the low it set in March.
TRON (TRX) Price Prediction 2021
If 2020 was a good year for cryptocurrencies, 2021 should be considered a great year. The year began in a consolidation that lasted until February. The price later exploded to set a yearly high of $0,800, the highest high since Tron set its all-time high four years ago. The rest of 2021 was not as bullish, but it held a steady price above $0.081.
TRON (TRX) Price Prediction for 2022, 2023, 2025, 2030
The TRX coin relies heavily on the market for decentralized applications (dApps). All price predictions are ultimately based on two other expectations: the future financial performance of this market and the likelihood of success of TRON’s competitors. 2019 was a dark year for the international financial market, but TRON did not see any interesting price changes except for some attempts to rise and small ups and downs.
Trading Beasts Bitcoin Price Predictions for 2022, 2023, 2025, 2030
According to TradingBeasts price prediction, TRX price is expected to grow slowly but steadily. The current price of the TRX coin is $0.0615, but by the end of 2022, the average price of TRON is expected to be $0.0783. The forecast for 2023 also remains stable, and investors who are already into this may look to hold or add a bit more to their positions. New investors can also look into TRX as it is estimated that there will be a price increase of around 50% by the end of 2023.
RVN WalletInvestor Price Predictions for 2022, 2023, 2025, 2030
Walletinvestor is an AI based forecasting service. Its TRX charts and future forecasts are neutral at best for most of the current decade. They expect the price to drop to around $0.0400. However, the price of TRON as of 2023 is slightly more bullish, as prices can reach as high as $0.1400. This represents great news for investors looking to get into TRON as they have predicted more than a 300% increase in price by 2027.
Long-term TRON price prediction for 2022, 2023, 2025, 2030
The long-term prediction predicts a gloomy decade for TRON price. The price is expected to drop further until the end of the year, with sharper falls to $0.600 and $0.0500 by the end of 2022. Until 2023 they do not expect any kind of rise, and even then, the 0 mark $.1,000 is the highest expected price. This TRX price prediction does not bode well for current and potential investors.
DigitalCoinPrice RVN Price Prediction for 2022, 2023, 2025, 2030
DigitalCoinPrice is also quite bullish on the future of TRX as a viable investment option. He predicts that the value of Tron will not reach more than $0.130 in the next four years. However, starting in 2026, Tron will trade consistently higher, and by 2030, the value of the token will rise to $0.340.
TRON (TRX) future value predictions in general
The truth is that TRON is a project that many people do not like for one reason or another. But it has a very active and supportive community. The future of TRX, based on fundamental principles, is favorable and may be brighter than expected. A detailed roadmap and support from the gaming and betting industries make the future of the project bright. The area that TRX covers is continuously developing and has a lot of financial resources.
How much TRON can grow?
It is difficult to know for sure how much TRON (TRX) will rise. Based on the price predictions, you can form your own opinion about the future of TRON. One thing is for sure: this cryptocurrency will not stay there. The TRON Foundation is investing in its development, buying companies on demand. Putting it all together, it becomes clear that interest in the company and the cryptocurrency should increase significantly.
You can spend a lot of time trying to estimate the income from this asset. One thing is clear: we are talking about a company that is actively investing in promising projects and technologies. A team of professionals is directly involved in the development of new generation high quality products.
As technology occupies more and more space in our daily lives, the cryptocurrency industry will only grow. You can start investing in these technologies with Bybit. Bybit’s easy to use, high quality and transparent product adapts to your needs. Bybit allows you to buy TRON (TRX) today and earn money from this promising project.
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
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(Forex Broker)
Comment by Hans
April 24, 2024
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