This Tron Price Prediction article will give you a quick look at the nature and purpose of the TRON coin and compile what crypto experts and analysts think about it.
Many believe that the TRON (TRX) price will increase in the coming years. But how high will its price go? What could be the highest price prediction for the TRON coin in 2025?
TRON (TRX) is one of the cryptocurrencies in the top 30 list of coins according to market cap. Its network is also one of those compared to the platform of the second-largest cryptocurrency, Ethereum (ETH), as it also has the same features, such as smart contracts and decentralised apps (dApps).
Spoiler alert: According to crypto analysts, TRON (TRX) would make a good investment choice. Find out more about it below!
Quick Tron Technical Analysis
TRON (TRX) Price History
TRON (TRX) began the year 2020 with $0.01325 and a market capitalisation of $883,513,371, according to CoinMarketCap’s historical statistics. TRON (TRX) price increased to $0.02683 at the end of December 2020, with a market capitalisation of $1,922,848,320. The highest TRX price of the year was $0.04888, which occurred on September 3.
TRON (TRX) price fluctuated around $0.02694 on January 1st, 2021, with a market capitalisation of $1,930,480,208. At the end of December 2021, it had a market capitalisation of $7,679,502,985. TRON (TRX) ended the year with a price of $0.0754. The highest TRX price of the year was $0.1799, which occurred on April 17.
Top 3 TRON Price Forecast for 2025
We gathered TRON price predictions from many crypto analysts to assist us in estimating the coin’s future price performance.
Remember that TRON (TRX) predictions are based on a combination of historical and technical research, and crypto experts’ readings can be incorrect. There is no certainty that past outcomes will repeat in the future.
WalletInvestor
According to their forecast, TRON (TRX) would be a profitable investment starting this year and reach an average price of $0.260 by the end of 2025, with a minimum price of $0.2095 and a maximum price of $0.314. During these years, they don’t see the coin’s possible crash.
Digital Coin Price
We can say that Digital Coin Price is as optimistic as WalletInvestor, but their forecasted price of TRON (TRX) is lower and “constant.” According to their TRX price forecast, the year 2025 would have the same value in both the first and last months—and the predicted price for those months is $1.12.
Coin Price Forecast
TRON (TRX) seems to be a coin that holds a great future, as our third crypto analyst on the list also predicted that the coin would experience a significant increase. The Coin Price Forecast predicted that the TRX’s price would rise over five years, from $0.1064 to $0.2231.
Recent News And Updates About TRON
In December 2021, it was reported by CoinDesk that TRON founder Justin Sun decided to focus on crypto legitimisation in Latin American countries, leaving the TRON blockchain to the TRON token holders. The young founder also confirmed that the TRON Foundation would “dissolve” by this year, so the TRON community will have to elect 27 block producers (or super representatives). These super representatives are granted the power to vote on TRON network parameter proposals.
About TRON (TRX)
TRON (TRX) was initially launched in 2017 by the TRON Foundation, led by the former CEO Justin Sun. The developers behind this coin designed it as a decentralised platform intended for content sharing and entertainment. The coin also employs smart contracts, dApps, and tokens. Moreover, just like other known cryptocurrencies, its network also has a unique combination of two (2) consensus mechanisms: DPOS and PBFT—together known as the TPoS consensus mechanism.
At the time of writing (February 22, 2022), TRON (TRX) is ranked as the 23rd largest cryptocurrency by market cap, according to the list of CoinMarketCap. It is currently sold at over $0.06104, with 101.77 B TRX circulating worldwide.
Pros of TRON (TRX)
A coin’s price performance also depends on how it impressions the target traders or investors through its purpose and offered features. Here are some advantages of investing in TRON (TRX) in 2022:
TRON (TRX) is developed by a great team!
We all know that TRON Foundation was the name of the founding team of the coin, and Justin Sun was its CEO. Did you know that Justin Sun was also a part of Ripple?
TRON (TRX) has great speed!
Unlike Ethereum (ETH), which still has slow processing concerns, TRON (TRX) can handle up to 2,000 transactions per second (tps).
TRON platform aims to be a decentralised environment for entertainment.
One of the project’s objectives is to eliminate the centralisation of the entertainment industry through a combination of peer-to-peer networking and blockchain technologies.
TRON (TRX) is highly volatile.
Volatility doesn’t always pose a great risk for many investors and traders. Volatility can also make TRX and other cryptocurrencies profitable investments if one knows when to buy and sell.
TRON Price Prediction FAQs, Answered!
Before we proceed to the next part of this article, here are some questions that traders and investors commonly ask before choosing TRON (TRX).
Is TRON Better Than Ethereum?
In terms of scalability, TRON can surpass Ethereum. The TRON blockchain claims to have greater transaction speed, thanks to its employed consensus mechanism (TPoS, as mentioned above) and even lower fees than Ethereum.
Can I Mine TRON (TRX)?
No. It’s impossible to mine TRON (TRX) since it doesn’t use Proof-of-Work (PoW) as its consensus mechanism.
Where Can I Buy TRON (TRX)?
Many crypto exchanges like eToro, Binance, and Coinbasecurrently have TRON (TRX) for trade and investment. You can join your preferred platform right now and start investing in the assets of your choice!
What’s An Expert’s View On TRON (TRX)?
While TRON has its blockchain and is totally decentralised, experts from VoskCoin believe that it is best to have more projects built on their blockchain.
“I think TRON could have a huge potential upside, but Tron has basically already put their pieces in place. Now, they have to focus on marketing and incubating startup projects to build on their chain to bring [just] new development utility and make TRON fun and engaging as a blockchain.”
WATCH VIDEO: https://www.youtube.com/watch?v=8QaJ5XRhe6o
Conclusion in our Tron Price Prediction
As we can see in some of the price predictions featured in this article, TRON (TRX) has a bright future ahead in five years. Although TRON (TRX) won’t hit $1 yet (we don’t exactly know), it has a clear purpose and a long-term vision that benefits its target market. There is a high possibility that, with current events and advances, TRON (TRX) may achieve a new high point sooner or later.
Many experts are enthusiastic about the coin, and you can consider investing in it as well. But always remember that cryptocurrency markets are still incredibly unpredictable, making it difficult to estimate how much a coin will cost. Before engaging in trading platforms and investing in cryptocurrencies like TRON (TRX), always do your own research.
But hey! Let’s assume you want to start investing in TRON (TRX) with the most user-friendly and simple-to-understand trading platform available; you can sign up with eToro right now to get started!
Disclaimers in our Tron Price Prediction
Author’s Note
Please utilise this information with caution when making investment choices. The views represented in this TRON Price Prediction article should not be considered investment advice. We highly suggest that you conduct your own research and get advice from a licensed financial counsellor.
Risk Disclaimer
You should be aware that the crypto market is volatile. Learn to trade at your own risk and not invest more than what you can’t afford to lose.
CFD Trading Disclaimer
CFDs are advanced tools that carry a great risk of losing money rapidly due to leverage. It’s important to note that in the United Kingdom, firms and individuals are prohibited from promoting CFDs based on crypto assets, as stated in the FCA PS20/10. So, before you begin trading, make sure you understand the nature of CFDs and the crypto rules in the country where you live.