Ever since its launch in 2017, TRON remains one of the most active crypto projects. The coin has undergone a massive transformation over the years as its functionality made it gain a large market share.
The ERC-20 token is different from the other mainstream cryptos like Bitcoin. It is not a cryptocurrency per se, instead, it’s a platform for decentralised digital content. Tronix (Tron coin) is the platform’s native cryptocurrency, hence what is referred to when speaking about TRON price prediction.
Over the years, TRON has sustained a good market run. Investors and other market experts are also giving a positive outlook for the year. So, is it worth investing in? And is it the right time to purchase the coin?
Why Invest in Tron in 2021?
Are you wondering if 2021 is ideal to invest in Tron? Yes, it’s the perfect time to buy the token. Here are some of the reasons why;
- The entertainment scene is ever-expanding. 2021 looks to be an even bigger year with social networks, streaming services and other entertainment platforms becoming more integral. Given Tron supports all this, it will grow with the increasing use cases.
- The Tron team focuses on the development of the project. Over the years they have forged various partnerships with other big firms. This is unlikely to stop in 2021.
- Tron features also make it an ideal investment. It supports over 2000 transactions per second making it ideal for those looking for scalability. The lower value also makes it accessible even to those who don’t have the money to purchase the other costly tokens. It seems a safe point to enter the crypto world.
Tron price analysis
Now that you are ready to trade Tron you have to look into the price factors. Before you can look into Tron price prediction, you first have to understand its historical price performance. The token was launched with a value of around $0.001984. Coincidentally, it was at the time of the first crypto boom where it soon increased to trade at around $0.2756.
Tron has since had a similar market experience to that of the general crypto market. However, various aspects like partnerships have also impacted its value. It stayed stable for the most part of 2018 as the market corrected after the boom. It then had a challenging 2019 as the market struggled to stay active. It however integrated with Bit Torrent token TRX to regain value.
Tron currently trades at $0.08552 after a year of yet another crypto boom running from early 2021 to mid-2021.
Tron price prediction 2021
Despite the recent market movements caused by the China crypto crackdown that has led to a value reduction, TRON will still grow in 2021. The technical analysis shows a bull run for the coin. It might hit $1 by the end of the year.
So, is TRON worth buying in 2021?
Yes, TRON is a good investment in 2021. It has a bullish market analysis which means high chances of returns. The low value also means you can start slow as you monitor market movements.
