TRon’s popularity in the crypto ecosystem remains strong as more decentralised applications (DApps) join the network. This raises questions about the long-term potential of the TRX coin and whether its value is built on solid foundations or mere speculation. This article delves into TRX price predictions for 2023-2030 to shed light on its prospects.
What is Tron (TRX)?
TRON, founded in September 2017 by Chinese entrepreneur Justin Sun, emerged from Sun’s previous involvement with Ripple’s XRP in the greater China region. The platform is decentralised and primarily focused on file sharing and entertainment content. In June 2018, the TRON blockchain was launched and later integrated with BitTorrent, a peer-to-peer file-sharing network, in July of the same year.
TRON operates on a three-layer architecture consisting of a storage, core, and application layer. The core layer encompasses various modules, including smart contracts, account management, and consensus, which provide the potential for TRON’s growth. The blockchain uses a delegated proof-of-stake (DPoS) consensus mechanism, where 27 super representatives (SRs) produce blocks. TRX account holders can freeze accounts and vote for SRs every six hours. With a new block generated every three seconds, TRON achieves faster throughput than other blockchains.
The TRX token was introduced through a private sale in January 2017, representing 25.7% of the initial token supply, followed by an initial coin offering (ICO) in August 2017, which accounted for 40% of the supply. The Tron Foundation holds the remaining 34.3% of Tron tokens. Initially based on the Ethereum network, TRX tokens migrated to their independent network in 2018. Notably, the foundation acquired BitTorrent in July 2018.
TRX Price Historical Performance
TRON has experienced significant price fluctuations since its creation. Initially priced below $0.002, TRX surged to around $0.05 in December 2017.
However, this upward trend was short-lived, and the price dropped to $0.03 in January 2018. By November 2018, the TRON price further declined to $0.01; in 2019, it hovered around $0.045.
In early 2020, TRX showed signs of a potential bull cycle as the price reached a new high of $0.026. However, it faced strong resistance and subsequently experienced a significant decline. The year 2021 saw a resurgence for TRX, with the price reaching $0.1616 in April and ending the year at $0.1126.
In 2022, TRX’s performance was volatile due to market conditions. After geopolitical events, it experienced lows of $0.05645 but recovered to highs of $0.09094 in June. The announcement of Tron’s merger with Huobi’s Heco blockchain provided some recovery.
As of now, TRON is ranked 12th in terms of market capitalisation, standing at $6,198,945,985. Its current price is $0.068, with an all-time high of $0.3004. The 24-hour trading volume is $201,622,118, and the circulating supply is 90,512,949,067 TRX.
Despite challenging market trends, TRON has shown resilience and a positive growth trajectory, competing with other cryptocurrencies like Stellar and Ethereum. Technical analysis for 2023 suggests a significant recovery and a bullish momentum for TRON’s price.
TRX Price Predictions: Experts’ Opinions
It’s important to note that price forecasts, especially in the volatile world of cryptocurrency, are often unreliable and subject to change. Algorithms are frequently used to make long-term predictions but can be highly dynamic.
According to Digital Coin Price, TRON’s future price appears optimistic, with a gradual increase in value. Their forecast for 2024 suggests that TRX will surpass the $0.15 mark, with a minimum value of $0.14 and a potential peak of $0.16. By 2032, TRX’s price is projected to exceed $1.28, settling at a minimum of $1.24 with the potential to reach $1.29.
CryptoPredictions.com provides a promising outlook for TRX’s value. In May 2023, they predicted TRON to start the month at $0.072 and end at $0.077. The projected peak for the month is $0.104, with a minimum price of around $0.0713. By 2027, the average trading value of TRON is expected to reach $0.12, with a maximum price of $0.16 and a minimum of $0.1 by the end of the year.
On the other hand, Wallet Investor offers a bearish analysis of TRON’s price in 2024. They predict a maximum price of $0.06, an average trading price of $0.0274, and a minimum price of $0.00001. In 2027, they anticipate a significant drop, with an average trading price of $0.00114, a minimum of $0.000569, and a maximum of $0.00171. By the end of 2027, they predict a maximum price of $0.17 and a minimum price of $0.11.
Finally, numerous analysts and market influencers have made bullish predictions, with many TRON price forecasts exceeding $0.1. One prominent crypto analyst, Crypto University, suggests that the TRX token’s price may surpass $0.3 in 2025.
TRX Price Predictions 2023-2030
TRON (TRX) is experiencing significant price fluctuations, impacting its price predictions. While positive developments have influenced TRON’s price outlook, the overall conditions of the crypto market hold promise for the future. Investors and traders can find more insights into TRON’s future through our TRON predictions for the coming years.
|Year||Minimum ($)||Average ($)||Maximum ($)|
TRON Price Prediction 2023
Cryptopolitan’s TRON price prediction for 2023 is optimistic. We anticipate a maximum trading price of $0.098, with an average trading price of approximately $0.088. However, a retracement is possible, leading to a minimum price of $0.085 by the end of the year.
TRX Price Prediction 2024
With its solid fundamentals, the TRON network is expected to offer a robust payment network. Our TRON price prediction for 2024 suggests that the token will continue its bullish momentum and reach a maximum price of $0.15. Following that, TRON may experience a low of $0.12 while maintaining an average trading price of $0.13.
TRON Price Prediction 2025
For 2025, we anticipate a minimum value of $0.18 and a maximum value of $0.21 for the TRX coin. Our TRON price forecast also predicts an average trading price of $0.19.
TRX Coin Price Prediction 2026
In 2026, TRON could see a significant spike, offering unexpected returns to long-term holders. Our TRON price prediction for 2026 suggests a maximum trading price of $0.32, an average trading price of $0.28, and a minimum value of $0.27.
TRON Price Prediction 2027
The TRON altcoin is predicted to surpass a trillion-dollar market capitalisation and overcome its current challenges, paving the way for a bullish comeback in the coming years. Our TRON price prediction for 2027 indicates a possible maximum trading price of $0.47, an average price of $0.41, and a minimum value of $0.40.
TRON (TRX) Price Prediction 2028
Looking ahead to 2028, our TRON price prediction suggests a possible maximum price of $0.71, an average trading price of $0.60, and a predicted minimum value of $0.58 for the TRON cryptocurrency.
TRON Token Price Prediction 2029
As the TRON network continues to develop and attract more partners, it may experience growth in the coming years. Our TRON price prediction for 2029 anticipates a maximum price of $1.00, a minimum price of $0.84, and an average value of $0.87.
TRX Coin Price Prediction 2030
Based on market sentiments and community response, TRON’s future price may reach a maximum of $1.46, with an average trading price of $1.23 in 2030. However, TRON is projected to reach a bottom level of $1.19 by the end of the year.
Is Tron (TRX) a Good Investment?
Tron has grown significantly in its ecosystem, attracting new users and dApps. The blockchain’s robustness, scalability, and low transaction costs have contributed to its rapid expansion. As we move into the era of WEB 3, more industry players, such as Samsung, are expected to join the Tron blockchain.
The network’s high throughput and low fees continue to draw developers and users. Tron’s founder, Justin Sun, recently announced a significant milestone of over $5 trillion in total transfer value since its launch in 2018. This shows the platform’s utility and potential profitability.
Looking ahead, TRON may experience a bullish reversal as its development team actively seeks valuable opportunities for the TRX platform. If demand for TRX remains stable or increases while supply remains constant, the cryptocurrency could see future price increases. However, TRX’s volatility means holding and trading it for an extended period may be necessary to achieve substantial gains.
While TRON price predictions view TRX as a good asset for a long-term investment with the potential for steady profits, it’s essential to consider the market’s overall favorability towards cryptocurrencies. These price predictions are not guaranteed and can be influenced by various factors. Investors should consult financial market experts before making investment decisions.
TRON (TRX) Price FAQs
Will Tron (TRX) price go up or down?
Determining the future of the coin is challenging. PricePrediction.net holds a positive outlook, while WalletInvestor expresses a more pessimistic stance. It’s important to note that price predictions frequently prove inaccurate, and market prices can rise and fall.
How much will TRON be worth in 2032?
According to our forecast, the price of TRON is expected to reach a minimum of $2.49 in 2032. The TRON price can reach a maximum value of $3.05, with an average forecasted price of $2.56.
Can TRX reach $100?
With TRX currently at $0.05, it needs a growth rate of 2000 times to reach a price of $100. At its growth rate of 0.131x per month, it would take approximately 1,272 years to reach $100. Therefore, it’s implausible that TRX will reach the $100 mark due to its impractical growth rate. However, considering the growth of TRX’s competitors and other relevant factors, Tron can still witness positive growth in the future.
Is buying TRON legal in Australia?
The purchase and trading of cryptocurrencies, including TRON (TRX), are legally permitted in various countries, including Australia, the United States, the European Union, Canada, and El Salvador. You can buy TRX on several crypto exchanges via multiple methods, including debit and credit cards. For further information, you can read our reviews of crypto debit cards and crypto credit cards.
Where to buy TRON in Australia?
Several crypto exchanges are available for purchasing TRON. Still, it’s advisable to select a trustworthy exchange registered with AUSTRAC. Our top recommendation is CoinSpot, which offers a user-friendly interface, free AUD deposits and withdrawals, a wide range of over 380 cryptocurrencies, and staking opportunities for 21 coins. You can read our CoinSpot review here to learn more about it.
Where can I store TRON (TRX)?
One of the simplest storage methods is the TRON paper wallet, where you print out your private keys and store them on a paper in a secure location accessible only to you. You can also opt for popular options such as the Tron Android wallet, Tron iOS wallet, Chrome wallet, Exodus desktop wallet, and popular crypto hard wallets like Ledger Nano and Trezor.
When examining TRON (TRX) price predictions, it is crucial to be aware of the inherent volatility of crypto markets. This volatility makes short-term price forecasts challenging and long-term estimates even more uncertain. Analysts and forecasters who rely on algorithms may not always provide accurate predictions.
We strongly recommend conducting thorough research if you want to invest in TRX. This involves analysing current market trends, staying updated on the latest news, conducting technical and fundamental analyses, and evaluating expert opinions. It is important to remember that past performance is not indicative of future returns, and you should only invest with funds you can afford to lose.