TRON [TRX] Price Prediction 2022: Will TRX’s Price Hit $0.2?

The post TRON [TRX] Price Prediction 2022: Will TRX’s Price Hit $0.2? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Tron is considered as one of the most sought-after currencies in the crypto world. And boasts a wide range of adoption and utility. Presently, there are more Decentralized Applications (DApps) on the TRON network than on any other system like Ethereum. As more DApps join the system every now and then, Tron (TRX) continues to hold its popularity in the crypto ecosystem.

This popularity often begs the question of what the future holds for TRX’s price. Is it a viable project in the long run or just based on “thin-air”? Dive in, as this write-up illustrates the plausible price predictions for 2022 and the years to come.

Overview

Cryptocurrency	TRON
Token	TRX
Price	$ 0.0654
Market cap	$ 0.0000
Circulating Supply	0.0000
Trading Volume	$ 0.0000
All time high	$ 0.0000 Jan 1, 1970
All time low	$ 0.0000 Jan 1, 1970

TRON (TRX) Price Prediction 2022

Potential Low	Average Price	Potential High
$0.0788	$0.0931	$0.1115

  Tron had initiated the year with a bearish trap, with its price at $0.07502. The strong hold of the bears pushed the price further,  where it found support at $0.063 on the 10th of January. Whilst it did pose a leg-up to $0.0725 over the week. Turbulence in the market pushed the price to its quarterly bottoms at $0.0514, by the 24th of January.

However, the digital asset managed to rise back to $0.0703, by the 10th of February. Thereafter volatility coming from torrential torments influenced a sideways momentum. Wherefore, the asset hovered close to its support levels. That said, TRX’s price posed an uptrend towards the end of the first quarter, taking the price to $0.07874. 

After initiating Q2 on a positive note, Tron’s price slipped down to $0.0578 by April 11th. The altcoin took a short-term rebound to $0.0751 but slumped down to $0.0751 by April 27th. A surge in volumes pushed the price to $0.092 by May 8th. However, it took a downswing to $0.065. Thereafter, an uptrend helped the daily wick brush $0.091, post which TRX took a dip to $0.047. 

Tron Price Prediction For Q3 

  With the announcement of newer collaborations, the roll-out of upgrades, and outperforming dApps. TRX price could skyrocket to a maximum of $0.086. On the flip side, negative criticism and a dump in the market could land the price at $0.064. That said regular trade practices could let the price settle at intermediate levels of $0.0754.

TRX Price Prediction For Q4

  If Tron finds overwhelming volumes coming from investors and traders, with the optimism of the final quarter. The price of TRX could soar to its potential high of $0.1115. In contrast, depleting volumes and lack of interest could deter the projection. Taking the numbers down to $0.0788. That said, usual buying and selling pressures could settle the price at $0.0931.

TRON’s Price Forecast For 2023 

  The Tron network might focus on the betterment of its platform so that it can increase its userbase. Whilst garnering the interest of marketers with its lower transaction fees. By the end of 2023, Tron might exchange trades at its potential high of $0.1877. On the contrary, if regulatory fears continue to threaten, then it could plummet to a bottom of $0.1036.

Price Forecast Of TRX For 2024

  If the team behind the Tron network employ developmental and community-building initiatives. Seeking impetus from its growing audience, TRX’s price might propel to a maximum of $0.275. On the downside, the ebbing stance and stiffer competition could leave the digital asset behind at $0.1567. 

Price Prediction Of Tron For 2025

 Over the next five years, we could find more organizations embracing the technology. The impetus could come from publishing start-ups or music start-ups. As the prediction depends on its acceptance ratio, the TRX price could reach a maximum trading value of $0.393. On the flip side, the possibility of negative trends cannot be ruled out. Which can take the price down to $0.227.

Year	Potential Low	Potential High
2023	$0.1036	$0.1877
2024	$0.1567	$0.275
2025	$0.227	$0.393

What Does The Market Say?

Trading Beasts:

As per Trading Beast’s predictions, the TRX price is revised to hit a maximum price of $0.111. And a minimum of $0.0757 by the end of 2022. That said, the token is expected to trade at an average price of $0.089. The website anticipates Tron to trade at a maximum price of  $0.104 by 2023 and $0.1314 by 2025.

Wallet Investor:

Wallet Investor predicts TRX Price to reach a maximum of $0.0985, by the end of 2022. The website’s metrics suggest that the Tron price may hit a maximum of $0.1086 by the end of 2023. And a potential high of $0.159 by the end of 2025. 

Digital Coin Price:

According to the firm, the TRX price would reach an average of $0.0883 by the end of 2022. That said, it is expected that the Tron price may rally to $0.15 by 2025.

Long Forecast: 

 The website forecasts that Tron could reach the price of $0.066 by the end of 2022. The website expects a bearish run in the long-term, the firm pins the maximum price target for 2023 at $0.076. And the potential high for 2025 at $0.065.

To read our in-depth price prediction of Ethereum Classic (ETC) click here! 

What is TRON (TRX)?

Tron is a blockchain platform that came into existence in 2017. Justin Sun is the founder, who had previously worked for Ripple. The protocol aims to transform and expand the way digital content and publications operate. Moreover, the protocol makes it easier to share content with major service providers like YouTube or Facebook as content creators. 

Tron (TRX) is a leading coin by market cap, that emanated as an ERC20 token on the Ethereum network. By April 2018, Tron migrated to its own smart computing system. Tron strives to be an Ethereum opponent, meaning its aim is to be a smart contract protocol that can host decentralized apps. And it has achieved major milestones with respect to the same.

Fundamental Analysis

In September 2017, CoinMarketCap listed Tron at $0.002, with a trading volume of $48,512. The price of Tron was $0.044682 in early January 2018, later the price reached $0.22 on 5 January 2018.

TRX had its best years between its first two years of existence. Listed in 2017, the cryptocurrency was changing hands at $0.002 and had next to nothing trading volumes. However, in 2018, in January, the coin experienced its first major pump which pushed the price to $0.05. Fast forward to 2022, at press time the ROI of TRX is at 2982.85%.

Our Price Prediction For TRX

There are minor changes in the TRX cryptocurrency price forecast. Perhaps the cryptocurrency will gradually grow over the years. It all depends on the development and the efforts of the team. 

As per Coinpedia’s formulated TRON, price prediction, the estimated cost of cryptocurrency this year may hit a maximum of $0.12. That said, if bearish trends continue to haunt the projections of TRX, the altcoin might sink down to the lows of $0.075. 

Historical Price Sentiments

2017

• In September 2017, Tron was seen at $0.002, with a trading volume of $48,512. 
• The price maintained a similar range till the first week of December 2017. 
• By the end of 2017, the price surged high to $0.05 to form the yearly highs.

2018

• The price of Tron was at $0.044682 in early January, later the price reached $0.3 on the 5th of January, to mark the ATH. 
• However, the spike was short-lived and the price dropped drastically within a month close to $0.044.
• The price again spiked a little in mid of 2018. And dipped again to its lowest level of close to $0.01 by the end of 2018.

2019

• The whole of 2019 passed with minor fluctuations with no major spikes in the TRX price. 
• June 2019 saw TRX price reaching $0.04 which is the all-time high of 2019. 
• TRX price ended 2019 with a low value of $0.013406. 

2020

• Tron began the year trading at around $0.015, around February, the price of Tron had touched about $0.025 before the inbound downfall. 
• Towards the end of Q1 2020, Tron began with a price plunge which drove its price down to $0.008. 
• By April, prices marched upwards touching $0.015 again. The surge continued into May as prices tried to set major support above the level. 
• However, a surge beyond the $0.02 level proved abortive. 

2021

• TRX entered the year 2021 with a price of $0.02 during early January.  
• On January 4th, 2021, the TRON network confirmed its partnership with the PRC National Development and Reform Commission. 
• This resulted in a study rise in the currency and the price hit $0.1646 on April 15, 2021. 
• Due to the market crash on May 19th, the price plunged back reaching $0.05572 in June. 
• TRX hit a new ATH of $0.1161 on the 16th of September 2021. 
• The altcoin plummeted and experienced a steep fall to $0.0775 by the year’s end. 

Click here to read our detailed price forecast of Bitcoin Cash (BCH)!

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• Source: https://coinpedia.org/price-prediction/trx-tron-price-prediction/