Tron long term forecast - Source: Tron
Tron long term forecast - Source: Tron

Tron (TRX) – Token presentation and long term forecast (2030)

Since its introduction in 2017, Tron has been one of the most traded “Ethereum killers” and a popular dApp platform. But what is the current Tron prediction?

With this essay, we’d want to take a closer look at the future of the Tron blockchain. We examine the TRX token’s historical price movement, current roadmap, and milestones, as well as fundamental statistics.

Our readers will learn whether a long-term investment in Tron is profitable, what scenarios are possible for the cryptocurrency, and what the Tron price projection for 2022, 2023, 2025, and 2030 suggests.

Current Tron exchange rate (price in EUR, USD, CHF, GBP):

What is Tron?

Technical analysis and the wider crypto market have a big influence on the Tron prognosis. But, in the end, everything revolves around the Tron blockchain, which is why, as investors, we should be aware of the following key features, functionality, and token economics:

  • TRON is a smart contract-capable blockchain platform primarily focused to the decentralization and democratization of the content distribution business. Permission-free tools, platforms, and protocols come in handy here.
  • TRON can be used as a dApp platform by developers to create and deploy sophisticated, scalable decentralized applications (DApps).
  • dApps can be utilized for practically any potential use case, including online gaming, decentralized exchanges (DEXes), yield farming, and more, despite the Tron blockchain’s focus on the content distribution industry.
  • Justin Sun, a digital entrepreneur, formed the Tron Foundation in September 2017 and oversaw it until November 2021.
  • As a non-profit organization, the Tron Foundation promotes the development and expansion of the TRON environment.
  • In mid-2017, the TRX token was released as part of an Initial Coin Offering (ICO), which raised over $70 million in funding. The Tron mainnet with smart contract capability was launched in June 2018.
  • Since then, the Tron blockchain has risen to become one of the top 30 most valuable cryptocurrencies and one of the top 10 most used smart contract platforms.
  • The TRX token standard can be used to issue utility tokens on the Tron blockchain.

The TRON Platform (TRX) is a blockchain platform that was launched in 2018 with the goal of providing high scalability through the use of the DPoS consensus protocol, as well as advanced smart contract capabilities that are widely compatible with Ethereum (ETH) and their EVM, as TRON is based on the same technology.

More broadly, this is a project that began as a technical enhancement to Ethereum, but has since developed to encompass new technologies that underpin it, earning it praise as one of the best community blockchain initiatives.

Origins of the TRON Project (TRX)

To discuss the roots of TRON, one must first discuss Justin Sun, a young Chinese man who has become one of the most controversial and well-known individuals in the crypto world. Sun has been at the forefront of TRON development since founding the renowned TRON Foundation in Singapore in 2017. “Ensuring the development and ecosystem of this crypto-currency” would be the responsibility of this foundation. Since Sun has been the CEO of the foundation since its creation, he has been in the forefront of this task.

However, the TRON Foundation was not created without the usual debate that surrounds Sun. To begin, the TRON Foundation opted to use an ICO to raise funds for cryptocurrency development. This is how the ICO was carried out on September 1, 2017, with 70 million dollars raised for development. The sale resulted in the creation of 100,000,000,000 TRX tokens, which would be distributed to holders once the network was up and running. The problem in all of this stemmed from the fact that Sun did so just before China implemented an ICO ban in their country, for which they accuse Sun of influencing management.

Justin Sun – Founder of Tron. Source: Tron.network

The controversy hangs over TRON

However, although some members of the community praised the introduction, others aggressively condemned it for convincing reasons: TRON at the time was just Ethereum with a new consensus protocol tied to plagiarized ideas from many other people who imitated them. In fact, Vitalik Buterin slammed the initiative, claiming that the whitepaper was nearly identical to the Ethereum whitepaper. The same may be said for other people, such as Juan Benet, the founder of IPFS and Coin (FIL), who also accused TRON of plagiarizing his project’s white paper on Twitter.

Were these charges real, or were they just a smear campaign against the new project? An inspection of the project’s source code in its early phases rapidly reveals the true and right answer. Instead of Go, the same Ethereum concepts are implemented in the Java programming language (officially used in Ethereum).

However, the complaints were unimportant because many cryptocurrency initiatives began in the same fashion, particularly by duplicating parts of Bitcoin (BTC). Furthermore, the project had the potential for delivering on its original promise: a considerably faster and less expensive Ethereum-compatible platform, all thanks to the utilization of DPoS.

Tron’s market position

Since its ICO in August 2017, Tron has ranked in the top 30 coins by market capitalization as one of the most well-known and well-established smart contract platforms. With Justin Sun at the helm, you have a divisive and media-savvy creator who has helped the Tron blockchain gain traction and adoption.

What’s more important, the Tron blockchain is widely regarded in developer circles as a technically advanced, highly scalable blockchain thanks to proof-of-stake. According to dApp-Radar, the Tron blockchain presently hosts over 1,000 dApps, despite the fact that only about 100 of them are actively used every day.

The fact that there are over 700,000 Tron wallet addresses and over 3 million TRX transactions each day speaks for itself: One of the most popular dApp platforms is the Tron blockchain. It is the evolution of these important numbers that eventually demonstrates or validates the market position in the Tron future prediction.

Without a question, scalable dApp platforms, such as Tron, are the future of blockchain. However, it is currently unknown whether a large number of platforms or a limited number of dApp platforms would prevail, based on the “winner-takes-all” premise. Unfortunately, high-flyers like Solana, Avalanche, and Terra, which have all experienced large investments and acceptance of their platforms, have gained ground on the Tron blockchain in recent months.

Tron forecast

To generate a prediction like the Tron prognosis, crypto experts now have a variety of tools, methods, and approaches to select from. We feel that the best way to generate a meaningful Tron prediction for the future is to combine several ways and methods and compare them.

Tron forecast based on fundamentals

It is quite simple to ascertain the actual or “fair value” of an asset in the case of shares. Free cash flow (FCF) or the price-earnings ratio (P/E) are examples of balance sheet or earnings data. But how do you figure out how much a cryptocurrency is worth?

In any event, it appears that it will be incredibly difficult. A crypto project has no precise balance sheet or earnings metrics, and it isn’t even a firm. The value of a crypto ecosystem can best be measured and appraised using the notion of network effects, even if there is no desire to generate a profit.

Outsiders face additional challenges because many initiatives do not provide transparency or insight into their usage statistics. All of these factors necessitate the employment of one or more other methods of analysis by crypto investors.

If you want to construct a Tron forecast using fundamental data, you’ll have to deal with the fact that there is no official Tron roadmap anymore. All of the intended milestones have already been achieved; it is, therefore, unclear which further advances will result in even more adoption and influx for the smart contract platform. In any event, it’s evident that Tron has a tough battle to stay afloat against Ethereum, Solana, Avalanche, Cardano, and other Layer 1 coins.  

The number of transactions and wallet addresses on the Tron blockchain are the two strongest pointers to a fundamental assessment for a smart contract platform like Tron. These crucial figures may be seen in Tronscan, the Tron Blockchain Explorer’s statistics. In 2021, the total number of Tron transactions climbed by 100 percent, while the number of user accounts increased by 300 percent.

Even if growth slows to half-speed next year, Tron’s prediction for 2022 shows a 75-150 percent upside potential. If we continue to project up to the Tron prediction for 2025, however, there may be a 250-500 percent gain.

Tron forecast based on price development

Tron has a price history of nearly four years, so you may use plenty of price data for technical analysis to support a long-term Tron projection. However, one must keep in mind that past price performance can provide the most accurate forecasts for the future.

This observation is bolstered by the assessment of many trend indicators of prior days’ and weeks’ price variations. We gradually blend these data together to produce a detailed Tron prognosis for the medium and long term.

Tron has a price history of nearly four years, so you may use plenty of price data for technical analysis to support a long-term Tron projection. However, one must keep in mind that past price performance can provide the most accurate forecasts for the future. This observation is bolstered by the assessment of many trend indicators of prior days’ and weeks’ price variations. We gradually blend these data together to produce a detailed Tron prognosis for the medium and long term. Rather, we believe that, after bouncing horizontally for the past 12-18 months, the Tron price will find some support from the middle of 2022, and that the second half of 2022 will deliver solid price gains up to the USD 0.20-0.30 level. This is not a binding price prediction! And not financial advice.

Wanna Trade Tron? We recommend Binance for good rates and security. Source: Pixabay

If the current trend continues, we estimate a price range of USD 0.30-0.50 for the Tron forecast in 2023, similar to the past. According to current knowledge, a strong bull market should return in 2024, driven by the overarching crypto cycle, which will affect the Tron price and potentially bring it close to the USD 1 mark; for the Tron forecast 2025, the USD 1 price level should be broken.

Tron forecast based on analyst calculations

In stock trading, medium- to long-term investors center themselves around the constantly updated analyst estimates and projections published by investment banks and research organizations for individual equities. Analysts’ price projections, which mostly use quantitative methodologies and on-chain data, serve a similar job in the crypto market.

However, each of these Tron predictions should be approached with caution and suspicion. Many analysts have a personal bias, whether it is due to their engagement in a project, a potential consultancy function, or the fact that they promote a broad gloomy or bullish tone.

We believe that a combined view of Tron forecasts made using several methods – technical analysis, charting methods, fundamental research, and more – is the best possible approach to making a Tron prediction at Surferinvestor.

Tron range forecast – Source: Surferinvestor. Not financial advice

The sum of the different estimates paints a largely favorable and hopeful picture. A significant price increase for the Tron forecast is expected in the short term, but even more so in the medium and long future. Of course, the fundamental development is still critical; Tron blockchain usage with apps and wallets is considered a requirement. The move would also pave the way for the issue of more Tron utility tokens under the TRX-20 token standard.

We estimate a Tron forecast 2022 of roughly USD 0.136 based on the average values, and a Tron prediction 2023 of around USD 0.180.

If the analysts’ estimates are correct, the Tron forecast 2025 might reach a value of roughly USD 0.224. So it appears that the $1 milestone for Tron will not be reached until 2028 or 2029.

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Tron forecast is based on the amount of money available

Decentralized Finance (“DeFi”), a completely automated, decentralized financial system based on Smart Contracts, dominated the crypto market in 2021. The existing banking system will be revolutionized and replaced by DeFi if many crypto fans’ wish comes true in the next years. The crypto market would see tremendous growth as a result of this.

However, it is currently impossible to express this potential expansion intangible statistics. To make an estimated computation, this method of the Tron forecast makes the following assumptions:

The whole world money supply would be transformed into cryptocurrency, resulting in the following: Global money volume = crypto market capitalization:

  • Current account deposits and cash (about USD 39 trillion) are converted to cryptocurrency in a conservative scenario (money supply M1).
  • Money supply M2 in the medium scenario: M1 + fixed deposits + cryptocurrency money market accounts ($134 trillion).
  • Scenario 1: All assets in the world are denominated in cryptocurrency; M2 + securities + central bank deposits ($425 trillion) Money supply M3.

Consider the current overall crypto market capitalization of $2.8 trillion USD. The comparison demonstrates that even the most cautious scenario has a significant upside. Based on the current crypto market capitalization, the specific multiples are cautious scenario: 10-15x, medium scenario: 50x, and aggressive scenario: 150x.

To put things in perspective, such an increase is unlikely to occur in 2-3 years, but rather in 10-15 years. As a result, these scenarios are no longer relevant for the Tron forecast for 2022 and 2023, but they are still worth investigating further. Of course, growth will only occur if the existing central financial system (also known as “CeFi”) continues to be plagued by current issues like rising inflation, perpetual zero interest rates, and mainly ineffective intervention efforts. 

We start with the present Tron pricing and project a long-term Tron projection for 2030-2040. For the Tron projection for 2030 to 2040, assuming the aforementioned multiples, the following price points might be projected.

  • Conservative Scenario: $4
  • Medium Scenario: $35
  • Ambitious Scenario: $100

All of these Tron forecasts point to the fact that the Tron price still has a lot of room to rise. However, such a development cannot be considered in isolation from the Tron blockchain’s adoption or essential characteristics. Another fundamental assumption in our Tron prediction is that the capitalization of various cryptocurrencies remains constant in proportion to the present ratio.

Tron’s forecast is based on the entire crypto market

The crypto market has so far followed an overall notion known as “crypto cycles,” which consists of a 4-year cycle based on the Bitcoin halving, which occurs every 4 years. Every 210,000 blocks, the mining rewards are halved, and the crypto market has gone through bull and bear phases at regular intervals. For almost two years, we’ve been in a consistent bull market (with some small bearish dips).

This analytical technique relies heavily on the stock-to-flow model for Bitcoin. Before the end of the bull market, the established model predicts that Bitcoin will hit $100,000 in Q1 2022. The next bull market isn’t expected to begin until mid-2024, after which the Bitcoin price might reach USD 1,250,000 by the end of 2025, according to the forecast. From the current Bitcoin price, that would be a 20-fold rise.

There are two implications for the Tron forecast if we apply the stock-to-flow model’s findings to Tron: By mid-2022, the Tron price might rise by 40-70 percent (about USD 0.11-0.15) — a figure that matches other forecasting models. If the Bitcoin stock-to-flow methodology and its effects on altcoins operate similarly to the past, the Tron predicted 2024 price level might be around USD 0.60-0.80.  

Some analysts, however, are suspicious of this, believing that the price development of Bitcoin and leading altcoins, particularly smart contract platforms like Tron, would be disconnected to some extent in the near future.

Is it still worth buying TRX now?

Is it too late to get a cheap Tron entry price as an investor? Isn’t it an excellent time to invest in TRX? Investors constantly wonder if the time is perfect to make a buy. After all, the entrance price largely decides whether or not you can earn excellent returns as an investor.

The good news is that Tron is still a worthwhile investment from our point of view. Of course not financial advice! In fact, the Tron price is still a long way from its previous all-time high set in early January 2018 – there is still more than 200 percent upside potential. It’s usually easier to revisit an existing all-time high than it is to enter price discovery mode above the all-time high, according to technical analysts.

Furthermore, the recent price corrections have resulted in the Tron price being listed much lower than it has been for the majority of the year. Those with a medium to long-term investment perspective, in particular, can now buy Tron with confidence. To diversify the risk, it is better to invest a lower amount using cost averaging and to buy more frequently.

Despite the fact that some observers believe Tron has passed its prime, the numbers speak for themselves: The number of user accounts has almost doubled in the last 12 months, and the number of hosted smart contracts has climbed by more than 70%.

In short, we believe the Tron price has significant upside potential in the near and long term. Despite the fierce rivalry for the title of King of dApps, which includes market leader Ethereum and challengers such as Solana, Cardano, Terra, Avalanche, Polkadot, and others, Tron can maintain its position as the old top dog. As a result, we have high confidence in the Tron prognosis.

Interesting to note, that the Tron tokenomics make it an interesting asset. Especially because the total supply is almost fully circulating. Meaning that there will not be any new unlock from VCs or ICO participants.

Tron total Supply – Coingecko

When is the best time to buy TRX?

The golden rule of investing is to buy low and sell high. A low Tron price, therefore, defines a favorable entry point. There’s only one major issue: determining if now is the optimum moment to buy is difficult. However, using technical analysis, it is extremely possible to discover a good entry opportunity.

Technical analysis is a method of analyzing past price movements by an investor. A glance at the Tron price chart provides the first indication, and skilled technical analysts employ a variety of indicators and ratios to put the present price in perspective with the last Tron price. This allows for the identification of a favorable entrance point and the calculation of a probable Tron prognosis for the future.

What is the TRON network?
Tron Network – What is the Tron Network. Source. Tron

Crypto beginners don’t have to become masters of technical analysis. It is enough if you ask yourself questions like:

  • How far has the Tron price fallen from its all-time high?
  • Is the Tron pricing today costly or inexpensive in comparison to recent weeks and months?
  • Is the Tron price in an uptrend or downturn right now?
  • Is the recent price movement influenced by basic Tron blockchain factors or crypto market sentiment?

The better the current time to purchase Tron – as long as no negative fundamental considerations speak against it – the lower the price compared to recent weeks and months and the further away from the all-time high (examples would be scandals or hacks of the Tron blockchain).

Second, as an investor, you should apply the cost-averaging principle: You should buy Tron numerous times with smaller sums to prevent investing too much when the Tron price is high. You might expect a low Tron price that favors a good return on average.

What factors influence the TRX course?

What factors influence the price of Tron? There are numerous elements to consider in this situation. The general characteristics of the crypto market and the special characteristics of the Tron blockchain can be distinguished. In this section, we’ll dig deeper into both topics.

The cryptocurrency market is highly associated with the stock market; when the stock market rises, for example, as a result of a fresh stimulus package from central banks or a reduction or confirmation of low key interest rates by central banks (Federal Reserve, ECB), the Tron price rises as well. Similarly, excessive unemployment or an economic downturn causes TRX prices to decline. 

The TRX price is influenced by the crypto market’s dynamics. Is the cryptocurrency market in a bull or bear market? Of course, the direction of the crypto market is essentially determined by Bitcoin and Ethereum; the Tron path as a dApp platform correlates even more closely with the Ethereum price than with the Tron price.

Factors on the TRX course

  • Industrial adoption requires collaboration with new ecosystems or well-known partners.
  • Compete against Ethereum, Solana, Terra, Avalanche, and other cryptocurrencies.
  • Justin Sun, the founder of Tron, has made headlines.
  • Using the Tron blockchain for decentralized applications or TRX-20 coins
  • The Bitcoin and Ethereum courses have a strong link.
Justin Sun, the founder of Tron, has made headlines. One of the founders of one of the first DAO. Source. Cointribune.com

Factors in the Crypto Market

  • Market mood — is it a bull or bear market?
  • Inflation, interest rates, and market conditions in general
  • Regulation of cryptocurrencies at the national or global level
  • Blockchain as infrastructure is becoming more popular.
  • Institutional investors’ acceptance of cryptocurrency as an asset class

There are additional “Tron-specific” aspects that influence how the TRX course develops. The adoption of the Tron blockchain as a smart contract-capable dApp platform is the main source of concern. dApp developers can host their apps on Tron or other Ethereum alternatives. Key metrics such as the number of hosted smart contracts and dApps, as well as the issued TRX-20 tokens, can be used to gauge TRX blockchain adoption.

News concerning Tron founder Justin Sun may also have an impact on the TRX price. In addition, well-known partners and collaborations with significant firms, institutes, or financial service providers are beneficial to the Tron price increase. It is precisely these factors that can also result in price dampeners in the event of negative developments.

Why is Tron falling?

Investors who have been following the Tron price for a few weeks may be asking why the TRX price has been declining. What causes this to happen? Is the price decline permanent? Can we also assume a gloomy long-term Tron projection for 2022 and 2023?

The short explanation is that bearish sentiment drove the falls, but Tron’s 2022 prediction remains bullish. Because there were no large price corrections from June to November, the price losses in December can mostly be classed as price corrections and profit-taking by current investors.

We are still in a broader bull trend for the Tron projection 2022, and the Tron price should rise again in the coming weeks and months. The broad bullish trend in Tron adoption, as measured by user wallets, smart contracts, and dApps, should be taken into account.

Will the Tron value increase again in the future?

The Tron price is currently 60-70 percent below its all-time high and 30-40 percent below its yearly high from the previous 12 months. In this regard, there is potential for development; the Tron course was only recently elevated to new heights. This is fantastic news for investors interested in purchasing Tron, as the present Tron price indicates a low valuation.

This, combined with the fact that the crypto market’s general bull trend is still intact, implies that we can expect additional price gains for the clear Tron forecast. Almost all indicators indicate a positive development of the Tron blockchain in the medium to long term. Tron can benefit from the predicted yearly expansion of the blockchain industry, which is expected to be between 20 and 40 percent.

Tron Price Prediction to 2030

Because of the high level of unpredictability and the myriad elements – from legislation to technical innovation to whales – that can impact the Tron trajectory in the short or medium term, it is critical for our readers to be aware of the limitations of any Tron prediction offered here. Forecasts should be allowed for a 20-25 percent margin of error in traditional financial markets. In crypto, the margin of error is rather 50-200%.

Overall, though, one can be very positive that the Tron prediction will be marked by price increases. Whether in the short, medium, or long term, all analysts and industry professionals believe the Tron price will increase. The following is the Tron future forecast based on our analysis method: 

Price forecast of the Tron Protocol – Source: SurferInvestor. Not financial advice

To summarize, the Tron projection for 2022 is predicted to be in the $0.07-0.12 price range, implying a 20-50 percent rise.

Recommended brokers for Tron purchase

Once you’ve decided to buy Tron, you’ll need to discover a good source to buy from. There are numerous crypto brokers from which to pick. Three significant characteristics should be used to evaluate crypto brokers: duration of market presence, impeccable reputation, and the amount of fees charged when trading cryptocurrencies like Tron. So, with the chosen broker, even the Tron forecast 2030 can be anticipated.

Our thorough broker comparison at SurferInvestor revealed that Binance was the clear winner in our test. There are various arguments in support of this, including 5 years of market expertise, 28 million users in over 100 countries, minimal fees, CySec regulation, and the fact that Tron can be traded alongside over 40 other cryptocurrencies.

You can buy Tron on Binance and diversify your crypto portfolio if you like. Additionally, the crypto staking of PoS coins can be used to generate additional money. 

Conclusion on the Tron forecast

It should be emphasized that no accurate Tron forecast is feasible; however, by combining different analysis methodologies, you can create a maximum of approximate trend forecasts with price ranges, within which the TRX path should be in the future.

We are certain that we can expect a price range of USD 0.40-0.75 for the Tron forecast for 2022 and 2023 based on our comprehensive analysis of the Tron forecast utilizing methods such as charting, technical analysis, and fundamental research, and trend evaluation. There is much to be said for a robust bull market in 2024, with the USD 1 mark falling as early as 2024 or as late as 2025, according to the Tron projection.

Each Tron projection should only be seen as a snapshot; there could be significant and formative blockchain milestones or crypto market occurrences that soon invalidate the forecasts. Before purchasing Tron, investors should consult the Tron Chart to compare the current Tron price to previous prices.

If you want to acquire Tron, whether for active day trading or as a medium to long-term investment, our test winner Binance is the way to go. The award-winning cryptocurrency exchange allows users to purchase Tron, as well as more than 40 other cryptocurrencies, for a low price.

FAQs

Will Tron rise?

Yes, Tron will go up – it’s highly plausible. This is supported by every Tron forecast for the near to medium term. Our analysis of multiple Tron estimates from various sources predicts a 40-120 percent upside for Tron.

Will Tron rise?

Analysts believe the Tron price will surge once more. 40-120 percent gain is feasible over the next 12 months if the bull market persists and the Tron blockchain is adopted.

What does Tron do?

Tron is a decentralized application platform that is sometimes known as an Ethereum killer. It was founded in 2017 by Justin Sun. The TRX-20 token standard allows for the issuance of tokens on the smart contract-enabled blockchain. Tron has over 1,000 dApps, however, it is no longer one of Ethereum’s main competitors.

What is the Tron forecast for 2025?

We calculated a Tron estimate for 2025 in the region of USD 0.20-0.50 by using multiple analysis methodologies. This price range is obviously broad, and predicting the TRX course correctly is tough today. Technical analysis and fundamental reasons, on the other hand, support this massive price gain.

What is the Tron forecast for 2022?

Our Tron price projection for 2022 predicts a range of USD 0.07-0.12. This implies that a 20-50 percent upside potential can currently be projected. The key determinant is how long the current bull market will last.

When is Tron forecast to reach $0.50?

The $0.50 milestone for Tron is still a long way off at the present price level. Nonetheless, analysts believe that this price barrier might be broken as early as mid-2023, but more likely in early to mid-2024.

Is it possible to farm or stake Tron?

It is feasible to stake Tron since the network is based on a consensus of DPoS (Delegated Proof of Stake). To do so, you must have TRX tokens and go through a wallet directly to receive incentives. Farming TRX is impossible because it is impossible to mine the cryptocurrency.

How to mine TRX?

Mining TRX is prohibited per the Tron network’s consensus. As a result, receiving a reward for creating new coins is not possible. It is possible to earn TRX by engaging in the network’s maintenance and improvement. See here our guide on how to mine Bitcoin. Alternatively, you can have a look at our article on the best crypto-mining blogs.

How to anticipate movements on the course of the Tron?

The adoption of the network by players in the industry it targets is the first item to keep an eye on when predicting Tron price changes. Tron does intend to alter the Internet content economy. As a result, the network trend among market participants can be a key indicator of its success, and hence of its price swings.
To predict pricing fluctuations in Tron, it’s also vital to keep a careful eye on the network’s progress. After the organization has clearly stated its many stages of evolution, a delay in updating could be interpreted as a sign of weakness, lowering the cryptocurrency’s price.

What are the benefits of Tron?

Tron has the distinct advantage of being extremely useful. The project is well-developed, with a plan outlining the network’s long-term development in multiple stages. The project’s communication is being created, and Justin Sun’s project has a fundamental goal: to alter the relationship between creators and their online audiences.

How to store your Tron (TRX) safely?

TRX can be stored in a variety of ways. The safest option is to use a hardware wallet (such as the Ledger Nano X), which is more expensive but offers greater security. Offline wallets and downloaded wallets (Atomic Wallet, Coinomi, etc.) that allow access to your TRX stock without an online connection are also available. The final option is to get an online wallet, which allows you to store your currencies while also allowing you to swap them on a single platform.

What is the relationship between Tron and Bittorrent

BitTorrent is a peer-to-peer file-sharing tool that allows you to download files that other users have chosen to share. A BTT token has been produced since its acquisition by the TRON corporation in order to implement some system changes. We found no information on the team that maintains the BitTorrent site by studying it. Since TRON has now acquired the project, we may assume that the project is being managed by the parent company’s personnel. As a result, Justin Sun is also the head of TRON’s BitTorrent division.

Token Presentation And Long Term Forecast – Summary

  • We gradually blend these data together to produce a detailed Tron prognosis for the medium and long term.
  • A significant price increase for the Tron forecast is expected in the short term, but even more so in the medium and long future.
  • There are two implications for the Tron forecast if we apply the stock-to-flow model’s findings to Tron: By mid-2022, the Tron price might rise by 40-70 percent – a figure that matches other forecasting models.
  • Despite the fact that some observers believe Tron has passed its prime, the numbers speak for themselves: The number of user accounts has almost doubled in the last 12 months, and the number of hosted smart contracts has climbed by more than 70%. In short, we believe the Tron price has significant upside potential in the near and long term.
  • Almost all indicators indicate a positive development of the Tron blockchain in the medium to long term.
  • We are certain that we can expect a price range of USD 0.40-0.75 for the Tron forecast for 2022 and 2023 based on our comprehensive analysis of the Tron forecast utilizing methods such as charting, technical analysis, and fundamental research, and trend evaluation.
  • When is Tron forecast to reach $0.50? The $0.50 milestone for Tron is still a long way off at the present price level.

Tron price history

We’ll give a Tron forecast for 2022, 2023, and the medium-term later in this article. But before we do that, let’s take a deeper look at Tron’s price history. We can better assess both the extent of volatility and the frequency of price variations by looking at the Tron price chart in order to extract implications for the Tron price in the future. Tron, as a smart contract platform, is clearly one of the many cryptocurrencies with a bright future.

In the summer of 2017, founder Justin Lee launched the cryptocurrency Tron through an initial coin offering (ICO) at a price of roughly USD 0.0019. The Tron price rose slowly but steadily in the first few months, then accelerated in Q4 2021 due to the crypto craze. The Tron price reached an all-time high of $0.3004 on January 5, 2018.

Tron’s price fell below $0.05 after the start of crypto winter in Q1 2018. The Tron price varied between USD 0.01 and 0.03 till the middle of 2019. The price even fell below USD 0.01 after the Corona crash in March 2020, but then resumed an upward trend that led the Tron price to USD 0.16 in April 2021.

Tron – Decentralize the web. Source: Tron.network

The Tron price then dropped drastically to USD 0.05 on July 17, 2021, before rising to USD 0.12 in November 2021 thanks to a trend change. Since then, the Tron price has fallen to roughly USD 0.078 due to the crypto market’s price adjustment. For our further Tron forecasts in 2022 and 2023, we use this price level just below USD 0.08 as a starting point.

Tron projection for May 16, 2022:
Tron (TRX) is presently trading at $0.06785, down 12% in the last week. The cryptocurrency surged primarily in lockstep with Bitcoin before resuming its downward trajectory.

The shambles surrounding the stablecoins UST and Terra primarily prompted the bad outcomes (LUNA). This development showed once again that algorithmic stablecoins are incapable of achieving long-term value stability.

Week 20 Tron forecast: A Tron forecast is currently extremely tough owing to a variety of circumstances. Because the TRX path is heavily associated with Bitcoin and Ethereum, one must first pay attention to the entire market in order to predict Tron’s future development.

We are currently seeing signs of a probable revival in the general market, which could lead to TRX price hikes. The next barrier in this situation is the 20 EMA at $0.07241.

Investors should keep in mind, however, that the success of the algorithmic stablecoin USDD is critical to Tron’s growth. The UST case once again demonstrated that algorithmic stablecoins are not long-term viable. This indicates that TRX will lose value in the long run. We foresee significant price volatility for Tron in the next weeks as a result of these competing factors.

Tron prediction for February 5, 2022:

In the last seven days, Tron (TRX) has gained about 7% in value, outperforming the market. The announcement of the launching of a network-owned stablecoin called “USDD” prompted the rise. This is an algorithmic stablecoin that is distinguished by its decentralization and smart algorithm.

The achievement of 90 million accounts inside the Tron network, in addition to the launch of its own stablecoin, ensured a good investor mood.

Week 18’s Tron forecast: This week’s Tron prediction is neutral to favorable. The favorable news from the previous week has given the TRX course a significant lift, which could lead to future price hikes. However, given the high price growth and general market conditions, there may be a lot of profit-takings. The price of Tron may suffer as a result of this profit-taking.

Traders could expect a choppy trading week and keep a watch on the support and resistance levels of $0.06651 and $0.0700, respectively.

Tron forecast from 04/18/2022:

Tron (TRX) is presently trading at $0.05979, with a weekly price movement of neutral. As a result, Tron outperformed the general market, with Bitcoin, for example, losing more than 5% of its value.

The positive trend can be attributed to the debut of TRX cloud mining via the supplier GEM-TRX, among other things. TRX tokens may now be mined inexpensively and easily on the cloud thanks to this supplier. This is good news, and it has helped to keep the Tron price stable.

Week 16’s Tron forecast: This week, Tron anticipates more sideways movement. Tron looks to have broken through the bottom at $0.05800. This level is currently acting as strong support, thus no more price drops are expected.

However, no major news is expected in the next few days, therefore we don’t see much growth potential for Tron. As a result, we believe that a neutral move is the most likely option. Traders could utilize the support at $0.05800 and the EMA 20 at $0.06311 as a reference if there is new impetus owing to a move in the larger market.

Tron forecast from 04/11/2022:

Tron (TRX), a cryptocurrency, has lost over -17 percent in the last week of trade. Tron is currently trading at $0.05928 as a result of this loss. Tron is currently in a bearish trend after a few excellent weeks of trading.

The continually high inflation figures are the catalyst for the negative trend. If these trends continue, the Federal Reserve may hike interest rates sooner and more widely. Markets are already reacting negatively to expectations of this development.

Week 15 Tron forecast: There are currently few justifications for a price gain in this trading week at Tron. The “bears” are currently controlling the direction of the Tron price. The price of TRX is expected to drop again this week, maybe to $0.05.

This crucial level should be closely monitored by traders. A neutral move could happen this week if this support holds. Tron’s price could fall to $0.045 if support does not hold.

Tron forecast from 4/4/2022:

Tron (TRX) is presently trading at $0.07112, down 1% from the previous week. TRX’s price skyrocketed after it was published on the Binance (US) crypto exchange last week. However, profit-taking followed the price increase, and the cryptocurrency eventually had to accept a loss in a weekly comparison.

Tron forecast for week 14:

This week, we predict Tron (TRX) to move in lockstep with the rest of the market. Because there are presently no publications pending at Tron, the cryptocurrency’s growth will be heavily influenced by the overall market.

A Tron forecast is still challenging due of the growing uncertainties. The Tron price could grow to $0.075 if the crypto market continues to improve. If the trend continues to be bearish, the EMA 20 could provide support near $0.068.

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We wish you all the best in your life as a cryptocurrency, stocks, or ETF investor. We also hope that you enjoy our Lifestyle section. Please keep in mind that I am no financial advisor and none of the above is guaranteed to be correct. I create the content above for education purposes only. Cryptocurrency investments are subject to high market risk. Surfer Investor is not responsible for your trading losses. The opinions and statements made above should not be construed as financial advice. All the best – Surferinvestor.com

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