At the time of writing, TRON is the 22nd biggest coin on the market in terms of market cap. The currency stands at $0.08 USD with a market capitalization of $9B. It has all the features that advanced blockchain enthusiasts love, and if all goes well, it could possibly rival Ethereum in the years to come.
Is the hype real though? And, more importantly for you, should you consider investing in this particular altcoin? Let’s take a look at TRON and analyze its price projections for the next eight years up to the present day.
What Is Tron (TRX)?
TRON is a blockchain-based platform that provides something called the “decentralized internet.” The TRON project aims to “decentralize the web,” giving power back to content creators by eliminating middlemen and allowing owners to cut out hefty commissions charged by platforms such as Google Play, YouTube, and iTunes. It aims to power digital entertainment, which can be seen as a small business niche in comparison to the financial sector, for example, which has a huge money inflow.
Tron (TRX) Price History
Tron was brought to everyone’s attention in 2018 and attracted tens of thousands of users who became interested in this project. Their timing into the market however could be considered a little unfortunate due to the big market crash that shook the resolve of many crypto investors.
After the first ICO on August 30, 2017, TRON introduced tokens on exchanges, and users could start buying them. During the bull run of 2018, TRON peaked at $0.3. But, due to the overall market crash, it soon went all the way down to $0.03. It is important to note that all coins suffered during this crash and this has no bearing on the reputation of TRON. The price experienced slight ups and downs until April 2021, when it shot up to $0.16 due to yet another bullish period. Then, the price stabilized at around $0.7-0.8.
Tron (TRX) Price Prediction 2022
TRON’s current price is hovering around $0.08-0.09, but predictions show brighter days ahead. According to Wallet Investor, TRX is predicted to double its worth in 2022 hitting a maximum value of $0.18 by the end of 2022. The important thing to consider is that the entire crypto market is currently tied to the price of Bitcoin. If the price of Bitcoin is stable or increases, this will in turn be a good thing for holders of TRON.
Tron (TRX) Price Prediction 2023
CoinSwitch predicts that the price of TRX is expected to rise in 2023, with a maximum trading price of $0.22. This is considerably less bullish but would still represent a 2x from the price we have today. Coinpedia expects the coin to explode in 2023, with a chance of the coin hitting the $1 mark depending on the overall state of the market. Most predictions though on average put this coin somewhere between $0.20 and $0.30.
Tron (TRX) Price Prediction 2025-2030 years
There are indications that the cryptocurrency market will enter a new, more prosperous age. Some predict that TRX’s price will increase dramatically in the next few years as the currency becomes more visible and finds a broader range of uses. Skeptics argue that the price of TRX is likely to plummet as there are fears that the government might put crackdowns on cryptocurrencies.
By 2025, we may expect an average price of $1 according to Bitcoin Revolution. Wallet Investor however is not so bullish though and believes the coin might be lingering around the $0.30 mark. This Tron coin price prediction has been put on a lower end of the scale to reduce any form of resentment among the community members if something unexpected happens at a later time.
Most projections for TRON remain relatively modest when compared to some other cryptocurrencies, with Tradingbeasts predicting that the coin will be only worth $0.15 during this time frame.
The TRON price is predicted to rise even further in the long term. There are several factors that will be driving the TRON price upward, most notably the growing number of investors and developers using the network. By 2027, The price of TRON according to Coinpedia could reach between $1.50 and $1.80. This would represent a 15x+ from the current price so this should be considered a very bullish prediction. Coinliker also has a similar vision and sees the coin valuing somewhere around $1.35.
In 2030, TRON’s price can reach as high as $10 according to Bitboy crypto, although he does concede this is at the high end of his estimation. He believes that the network is set up nicely to attract lucrative partnerships and should they prove successful with this, the currency can climb to new highs.
Conclusion
Due to the volatile nature of cryptocurrency markets, it is not easy to estimate the precise value of TRON in advance. Crypto experts may be able to help predict TRON’s future value. As a first-time buyer, however, one must be aware that the crypto market is inherently unpredictable.
With all of these predictions, it does indicate that TRON would be a reasonable buy that will make you money if you hold for the next 5-10 years. If you already hold TRX and want to convert it to a more popular coin, you can conduct a TRX to BTC exchange at almost any platform as TRON is a widely offered asset.