TRON, the decentralized blockchain platform hoping to build a free, global digital content entertainment system upon the idea of distributed storage, which would allow for easy and cost-effective sharing of digital content, is one of the more ambitious projects in the cryptocurrency space.
It was founded in 2017, in Singapore, under a non-profit organization called the ‘Tron Foundation’. At the head of this project is the highly personable, but often controversial, Justin Sun — a former Forbes 30 Under 30 nominee.
Many people wonder what is TRON coin. The TRON project runs off a cryptocurrency called TRX, and this cryptocurrency has garnered a lot of fans, often called the ‘TRX army’. This cryptocurrency has had some ups and downs in its history, but in this article we will be examining if the price of TRON, or TRX, go up, in the coming months and years. This realistic TRON price prediction will try to discover if the project’s ambition will match the coin’s potential.
What Is TRON?
As mentioned, TRON is a decentralized blockchain platform that is aimed at the content and entertainment space. The idea behind TRON is to create a peer-to-peer network to bridge the gap between the content creators and those who are consuming the content by eliminating the middleman.
The hope is that without these content creation middlemen, there will be a lot less costs involved in creating content which pays off for the consumers as well. So, by taking out intermediaries, the content creators can charge lower prices and still earn higher, and thus content consumers can spend less money but consume more.
This platform will be powered by the cryptocurrency TRX, which also helps eliminate middlemen in the financial sector too. The Tron projected value is that it allows for frictionless payments, but will it allow for an increase in the value of TRX through the evolution of the platform?
What Moved The Price Of TRON In 2019?
Tron’s trend is going up and has stopped going down, and is now into its third year of existence, but it really started gaining traction in 2019 with a number of interesting occurrences influencing its price. The project is looking to make a big impact across the content space and as such, it is looking to impact the traditional space, as well as move the emerging one.
One of the biggest announcements it made was the acquisition of popular torrenting site, BitTorrent. This acquisition saw TRON take a big lead in the company’s future plans. This acquisition took place in 2018, but it really put TRON on the map as a real player and helped grow the Tron future.
The price of TRX also reacted to this major tech acquisition, but as is a common theme with TRON it appears, the rumour of good news around the project has a bigger impact on the price of TRX. a few months before the acquisition became official, but during the rumours, the price of TRX reached its second-highest point, just less than it’s all time high at the beginning of 2018. The highest TRX has ever been was $0.17 but the news of the BitTorrent acquisition sent it up to $0.09 having dropped to $0.02 previously.
Other impacts that have often moved the price of TRON have mainly featured around good partnerships, or good businesses moves to expand TRON’s reach, but they have also heavily focused around the PR that comes from Justin Sun.
The enigmatic head of the company has been known to hype up announcements and many traders keep an eye on his Twitter about big TRON news that is coming to the company and this is usually enough to send the price of TRX climbing on a rumour alone.
A good example of this came when Sun, looking for additional publicity for himself and TRON from the cryptocurrency community, paid millions of dollars to Warren Buffet’s charity to have lunch with the famous hedge fund manager to try and turn him onto crypto.
This news again sent the price of TRX up as Sun and TRON looked to have a bigger impact in the overall crypto space, but also looked to make their name known on the traditional scene. This lunch had its own controversies, but because TRON has such a vibrant following, it was still mostly accepted and agreed with as the lunch was postponed, and then eventually happened.
But, one of the bigger partnerships that TRON has made in 2019 must be the link they have made with Samsung and its blockchain KeyStore. Again, Sun made hints on his Twitter that TRON had made another partnership, with a multimillion-dollar company and the excitement grew and TRX price grew with it. When it was announced that TRON was accepted on Samsung’s blockchain KeyStore, it further legitimized TRON in the crypto space, as well as the mainstream nascent adoption of blockchain.
TRX has benefitted well from all of these partnerships, and it has become clear that the biggest influence on the price of the token comes from good news surrounding what the company is doing to fulfill its lofty goals, and these announcements are made all the more exciting through Justin Sun.
TRON Price Predictions By Crypto Experts
Of course, with a lot of interest and hype being built around the TRON trend and its TRX token, a number of prominent commentators, as well as well respected crypto news and market outlets have taken their hand at guessing where the next moves will come for the token.
Crypto Crow’s TRX Prediction
Jason Appleton (Crypto Crow) is a cryptocurrency investor, trader, miner, educator and entrepreneur.
The Crypto Crow laid out its TRX price prediction 2020 and noted the digital currency could double in value. This implies a Tron price forecast of 2020 of $0.0344. Needless to say, a 100 percent gain in a year is a great return on investment but any upside above and beyond is unlikely.
Tron is still a very small player in the broader cryptocurrency market, holding a 0.44 per cent market share of the total cryptocurrency market cap. At its all-time peak it accounted for a 1.02 per cent market share and a low market price.
The bottom line is Tron (TRX) price prediction would be hard to say it has an estimate TRON growth for 2020 and beyond. The company is a clear visionary in the field but it has suffered some setbacks and strayed a bit from its founding vision and purpose. The latest TRX price prediction 2020 calls for the cryptocurrency to show minimal gains until the brains behind the organisation give a new and exciting reason to buy some TRX tokens.
Wallet Investor’s TRX Prediction
There are also some rather bearish predictions around TRX that see the coin dropping by almost 100 percent in the year. Wallet Investor.
According to the WalletInvestor, Tron (TRX) price forecast is bearish. The price may drop from 0.0127 USD to 0.00166 USD. The change will be -86.921%
“Historical index for a realistic TRON price prediction asks ‘Should I invest in TRON CryptoCurrency?’, ‘How much will it grow’, and ‘Should I buy Tron today?’ According to our Forecast System, TRX is a bad long-term (1-year) investment.”
“At Walletinvestor.com we predict future values with technical analysis for a wide selection of digital coins like TRON. If you are looking for virtual currencies with good return, TRX can be a profitable investment option. TRON price equal to 0.0129 USD. If you buy TRON for 100 dollars today, you will get a total of 7730.527 TRX. Based on our forecasts, a long-term increase is expected, the price prognosis for 2025-04-19 is 0.0397 US Dollars.”
TradingBeast’s TRX Prediction
Another site Tradingbeasts.com states a TRON price target can be $0.28 with a difference of around 266.46% in the price, but it does not state when will Tron reach higher. This is a relatively promising prediction for a single year, and is probably predicated around the work that TRON is doing in terms of its partnerships.
In fact, this is one of the bigger price predictions for the TRX coin. That being said, it is still a young coin the long term price prediction from Trading Beasts are also quite good.
TRON’s Technical Analysis
Technical analysis remains the best way to accurately predict price movements that are reasonable and based on technicals only, and not just estimates made by experts based on what their gut tells them.
Here are some price predictions for Tron based on real technical analysis and not just theory.
TRON Price Prediction 2020
TRX USD has broke up from out of a downtrend and bear market, and should take on overhead horizontal resistance above next. This level lies at roughly 8 cents per TRX token in USD value before 2020 is over.
TRON Price Prediction 2021-2002
Looking ahead to the next few years for TRON, there are bound to be some better opportunities for the price of the TRX coin to grow as the project keeps expanding.
TradingBeasts, for example, predicts that in January 2021 a price between $0.05-$0.08 may be expected and that by the end of December 2021, a high rise is expected at prices from $0.21 – $0.30.
This is echoed by CoinSwitch which forecasts TRON for the first time could reach the price of $0.4, but it will also probably fluctuate more in the next year. That could mean that, eventually, by December 2021, a decline in the price is expected to $0.24.
Technical analysis matches these theories, suggesting that Tron will form an inverse head and shoulders after failing to break above resistance.
TRON Forecast 2023-2025
As the years go on, there are expected to be better price jumps for TRX, but it must be remembered that forecasts for time periods like this are very approximate.
CoinSwitch says that the price prediction for 2023 has a lot to do with adoption and as such will probably reach a level of $0.50
“Its price projection depends on its acceptance ratio and speculation. So, by 2020 more and more organizations can adopt its technology, which will make it more valuable. It is going to be accepted by startups, especially the publishing startups or music startups.”
The target also would match the target of the inverse head and shoulders that is forming across the highest timeframes. This means that valuations wont go as high as many are hoping for, but the asset will still be profitable long term.
Looking To 2025, CoinSwitch Predicts:
“TRON has a great community of supporters and developers, where the founder himself is a great crypto enthusiast and believes in constant innovation. So, TRON might be one of the users’ favorite cryptocurrency in the long run, as it has a huge support group from organizations all over the world. TRON even updates the enthusiasts about its every plan, and roadmap, which keeps the crypto enthusiasts thrilled. By 2025, TRX might reach $0.763.”
What Is The Future Of TRON ?
The full potential of blockchain technology is yet to be reached or realised, but TRON is one of the few projects that has set its sights on the promise it can offer down the line, and this has an impact on TRON projected growth. The coming months and years will be about making partnerships and growing the brand of TRON in the crypto and traditional tech spaces.
From there, as adoption of blockchain tech rises, and Tron potential is realized in the content creator space, TRON should really come into its own and the price predictions for the TRX coin should get bigger and start to be reached. Determining is TRX a good investment is based on how the project goes
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In order to take advantage of this high potential TRX coin growth in the coming years, you may want to check out PrimeXBT, a trading site that allows you access to TRX as well as other forex, commodities, indices, and cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, and EOS. Sign up here.
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