Tron is a blockchain project that aims to decentralize the entertainment ecosystem. The coin was originally an ERC-20 token running on Ethereum Blockchain. In June 2018, the community said goodbye to the original token by migrating the network to its Mainnet. This means that Tron now has its Blockchain and addresses, and the old token has ceased to exist. The community called this event as Tron Independence Day.
Tron is among the most ambitious and highly sought after projects. The main idea of creating TRX was to establish a global entertainment network functioning on the Blockchain. TRON is a decentralized platform where everyone can publish, store, and distribute entertaining content.
Since the platform is decentralized, it gives users total control over their data and content. The startup has elaborate plans of conquering the entertainment industry, a high rating among cryptocurrencies, and many lovers and haters.
Table of Contents
- 1 Tron Developments and TRX Price Prediction
- 2 TRON TRX Price Prediction 2020
- 3 Tron TRX price predictions 2025
- 4 Our Viewpoints Regarding TRX Coin Price Prediction
- 5 TRON Team and Community
- 6 Can TRX Hit $1?
- 7 Frequently Asked Questions About TRON
- 8 Conclusion
Tron Developments and TRX Price Prediction
Tron’s recently partnered with Samsung and its community believe that such integration will assist in gaining higher adoption rates. Furthermore, the following factors can help in shaping the future of TRON.
- TRON plans to integrate several platforms, including online games and social networks. This integration will assist TRON in gaining a huge user base, which will add to the popularity of its platform.
- With a capacity to process two thousand transactions per second, TRON can support a large number of applications. It can use this as an edge against its competitors, helping it lead the Dapps ecosystem.
- TRON can provide opportunities for interaction with decentralized applications across the web.
- A high level of security and active development by the team can expand its capabilities in integrating cross Blockchain projects.
TRON TRX Price Prediction 2020
Predicting the Cryptocurrency prices is a tricky task taking into consideration the volatility of the market. However, research and price analyst allow us to get a more explicit and broader picture in understanding the TRX Price Prediction.
TRX Price Prediction by JioMobilePhone1500
As per the jiomobilephone1500 TRON price prediction, the value of the coin will reach $47 by the end of 2020. However, this is a very bullish prediction and something which shouldn’t be taken seriously.
TRX Price Prediction by CoinTame
According to CoinTame, TRON might be able to reach a value of $0.1 by 2020.
TRX Price Prediction by CryptoGround
As per CryptoGround TRX Price Prediction, the coin will be worth more than $0.05 before December 2020.
TRX Price Prediction by TradingBeasts
According to TradingBeasts, the value of TRX will be approximately $0.02 in July 2020 and will reach $0.04 by the end of the year 2020.
TRX Price Prediction by DigitalCoinPrice
Predicting a bullish trend for 2020, DigitalCoinPrice predicts a value of $0.027.
TRX Price Prediction by WalletInvestor
WalletInvestor is dubious regarding the performance of TRX and sees it as a high-risk asset. It predicts a drop in value below $0.014.
TRX Price Prediction by Crypto Crow
In their YouTube channel, the analysts from Crypto Crow predicts that the TRX reach $0.033 by the end of 2020.
Tron TRX price predictions 2025
The cryptocurrencies are under extra pressure for various reasons. First, the nature of the Cryptocurrency market is volatile and therefore needs constant additions and improvements to the platform. Secondly, there is a lot of competition in the market, and many projects are offering a similar use case. Thirdly, the user’s adoption of decentralized projects is slow and might take years to achieve optimum growth.
Luckily TRON fully understands this need, and its founder is also a staunch believer in innovation who knows that the market is quickly changing. Moreover, Tron has the advantage of being highly popular among developers and supporters and has immense support from organizations around the globe.
These advantages make TRON the favorite cryptocurrency among many Crypto enthusiasts. Another exciting feature of TRON that makes it unique is the fact that TRON always keeps its users updated and informed regarding its plans. Let’s see what experts have to say about the performance of TRON for the year 2025.
TRON Price Prediction by DigitalCoinPrice
DigitalCoinPrice believes that the value of TRX will jump to $0.0642 in 2025. It is also optimistic regarding its performance in the next five years.
TRON Price Prediction by WalletInvestor
In 2025, WalletInvestor predicts the possibility of the TRON value reaching $0.1016. However, Walletinvestor is skeptical about the project and does not suggest a long-term investment in TRX.
TRON Price Prediction by Investing PR
Investing PR believes that TRON has the potential to reach $1 in five years from now.
Our Viewpoints Regarding TRX Coin Price Prediction
When we talk about what TRX, we can’t ignore the fact that when it begins trading on various Crypto exchanges, it initially suffered a lot of criticism. This was mainly due to the rumor that the coin whitepaper was plagiarized. Although the founder cleared this accusation in a statement, it still held the price from reaching new highs. For the first few days of trading, the coin struggled to reach a cent. However, with the backing of influential persons and the founder’s commitment, the price of the coin started to surge and went to an all-time high of $0.20.
As of now, the price is down to 2 cents primarily because of a sharp decline in Cryptocurrency volumes and Bitcoin’s price. However, for the future, the Tron looks an attractive buy as the team constantly focuses on bridging the gap between consumers and content creators.
Tron has also outperformed many cryptocurrencies among the top 50 within a year of its existence. Hence, it would be feasible to say that Tron has the potential to grow further. This argument is well supported by the fact that TRON has been able to grab the 13th position in terms of market capitalization. Also, the probability of TRON reaching the value of USD 0.04 by the end of 2020 is very high.
TRON TRX Coin Price Prediction Using Technical Analysis
As per the technical analysis, the Tron price is currently struggling to break the downtrend. Once it successfully breaks and moves upward, it will establish an uptrend. From there, we expect the price to move in an ascending channel. If such happens, the price will likely move inside the channel by the end of 2020 and will hit $0.04.
TRON Team and Community
The Tron community and its team are highly active across its social platform. The community was also the fastest-growing back in 2018. As at the time of writing this post, the project has two headquarters. One in Beijing and the other in San Francisco. The founder is usually active on his Twitter profile and is quick to respond to any uncertainty surrounding the project. Even though the founder has been criticized for exaggerating the project to manipulate its price, the coin remains one of the solid and trustable projects in the Cryptocurrency ecosystem.
Several influential people back the Tron Coin, and the Tronix project itself, including the founder of Bitmain, Jihan Wu. Justin Sun, Tron founder himself, was a former Ripple (XRP) representative in China. Besides Wu, Tron has backing from the founder of BTCC.com exchange, namely, Yang Linke.
Also, Tron has support from several Crypto enthusiastic, including businessmen such as Yin Mingshan. We should also pay attention to the fact that Tron started with a successful ICO raising more than $50 million for the project from investors.
Can TRX Hit $1?
This is a popular question people ask about Tron. We all know that Tron is an Ethereum competitor, and this is the main reason traders, and its user hopes TRX to achieve such a price. Tron is among the top 15 Cryptocurrency at the time of this post, with a price of $0.02.
For the sake of this question, let us assume that Tron suddenly pumps to $1. The next thing you will see Tron doing is overtaking Ethereum in market capitalization. This situation is quite unimaginable unless there is some increased activity on the Tronix blockchain and its environment. But of course, this certainly does not mean that Tron cannot hit $1.
As a fact, Cryptocurrency prices are aligned with the overall market sentiments and the Bitcoin’s price. We know that when Ethereum was over $1000 back in 2017, Tron was actually doing pretty good and was worth around $0.25. After that, the price plummets, sending it into bearish territory. However, TRON, in its entirety, is an exciting project with a strong community. It is continuously innovating, and a multitude of Dapps are already running on its Blockchain.
Furthermore, its founder is active and regularly engages with the community. With other positive factors such as new partnerships, user’s adoption, and people moving towards decentralization, the price of TRON (TRX) will likely hit $1 by 2025.
Frequently Asked Questions About TRON
How to buy Tron Cryptocurrency?
To buy Tron TRX Cryptocurrency, you first need to purchase Bitcoin. Once you have Bitcoin, you can trade them for TRX on any supported Cryptocurrency exchanges.
Will TRON ever reach $10 or $5?
It is hard for TRON or TRX to $5, $10, or $100. This is because TRON has a large market supply, and is still a new coin in the market. To reach $5 or $10 TRON TRX, would need to aggressively market their platform, burn their tokens, and enter into valuable partnerships.
Is TRX a good investment?
Although TRX is still a new coin, it has the potential to outperform many of its competitors. TRON is also backed and endorsed by many Crypto investors and entrepreneurs, making it a good investment for future
Will TRX ever go up?
The overall Cryptocurrency market is currently in a bearish trend, and so is TRON TRX. However, once the market sentiment turns positive, and it establishes a bull run, the TRX will likely go up with it, and its price will rise. Also, there are high chances that TRX TRON will moon once again when the market recovers.
Is Tron a shitcoin?
No, TRON is not a shitcoin. Although there were some early rumors and uncertainty around the coin, it has now settled down, and TRX continues to be traded similar to regular Cryptocurrencies.
Increasing user acceptance and adoption suggest a positive future price movement for TRON. It likely has the potential to reach $0.163 by 2025 from its current value. Hence, TRON is worth the long-term investment and can provide considerable gains to the investor. Also, the acceptance ratio shall play a dominant role in the TRX price, and the fact that more organizations, especially music and publishing startups, are adopting TRON makes it more valuable.
Disclaimer: This article by no means offers any trading recommendations. Therefore, all investors are suggested to be advised of the frequent and drastic price fluctuations in the Cryptocurrency market and invest only after research from multiple sources while acting under their local regulations.