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Tron Price Prediction 2023-2031: Is it a Good Time to buy TRX?

tron price prediction

Tron Price Prediction 2023-2031

TRX, or rather Tronix, is the native crypto asset of the TRON Network.TRON is a Blockchain-based decentralized network targeting an unchained, worldwide digital content entertainment structure using distributed ledger technology and enabling straightforward and cheap data sharing. How is Tron Price Prediction making out in this turbulent crypto weather as major crypto exchanges unravel?

While TRON may be famous for changing cinema with its lengthy sequences of entirely computer-generated imagery (CGI) in 1982, a more recent milestone would be TRX surpassing $5 trillion in value two and a half months ago.

One of the several cryptocurrencies that experienced an all-time high during the late 2017 and early 2018 cryptocurrency craze is TRX. It may be realistic to wonder whether and when it can return there, if at all, given that it hasn’t even come close to the heights it attained back then. As with other cryptos, it is always advised to do your own research and seek investment advice whenever investing.

Like many cryptocurrencies and blockchain assets, Tron enjoys a great deal of interest not only in its immediate utility in empowering the next form of the internet – but also, in its potential to bring profit to those holding it. Rest assured that a lot of development is taking place to improve the Tron ecosystem. If you encounter any issue with the system, here is a good place to look,

Today’s TRON price is $0.050805 with a 24-hour trading volume of $263,896,956. TRON is up 0.44% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of $4,683,286,423. It has a circulating supply of 92,181,237,094 TRX coins and the max. supply is not available.

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Developments affecting the TRX Price

The price took a sudden hit of 7% when, on December 17,  Justin Sun announced that he had been appointed as Ambassador, Permanent Representative of Grenada to the World Trade Organization, and would be stepping back from TRON. As a result, the TRON Foundation has said it has “settled to dissolve itself on July 25, 2022”.

Despite this, the Tron (TRX) price still keeps going up. Could it be that the strategic investment of an undisclosed amount in the DeFine social NFT platform is finally bearing fruits? The funding will be used to develop the first NFT marketplace in the TRON ecosystem and launch auctions soon. Or could it be that the network’s BTFS file storage system (was integrated with DeFine in September? Or TRON’s expansion into the NFT ecosystem with APENFT is operating successfully? Or some other strategy hatched up by Justin Sun?

What Is Tron (TRX)?

Tron (TRX) was created by tech entrepreneur Justin Sun in 2017. The TRON project funds were raised through an Initial Coin Offering (ICO), with a subscription of funds reaching 70 million. This was one of the largest ICOs and increased cryptocurrency popularity even further.

Today, Tron has grown into one of the largest cryptocurrencies with over $6.4 billion capitalizations, while the 24-hour trading volume exceeds $1 billion. The coin ranks among the top 30 coins and has a circulating supply of 71,659,657,369 tokens.

At first, TRX ran on Ethereum‘s ERC-20 blockchain as it offered a quick and easy solution for running the peer-to-peer network. Later on, the developers of Tron switched the blockchain to their custom-made solution.

The blockchain used proof of stake mining and validation consensus algorithm and was one of the first cryptocurrency projects to implement this solution.

One of the primary use cases and benefits for the TRX platform is the support for content creators and artists by providing ownership over the content they create.

This is done by storing and tracking the information about created content and its use on the blockchain.

Therefore, content creators can directly track how their creations are used and their reward for producing them. The middle man is eliminated, and content creators get paid instantly.

Tron Foundation

The Tron foundation is the governing body of the Tron blockchain. They aim to popularise and further develop the blockchain. Based in Singapore, they ensure that the TRX blockchain is regulated and complies with laws. Tron, Justin Sun, is still the Tron foundation leader and is listed in the Forbes list of 30 under 30 in Asia.

In 2018, a popular peer-to-peer torrent sharing network – BitTorrent, announced that the TRON Foundation had acquired them to use TRX token to incentivize and reward network users. This created massive interest for the token, and soon, it exceeded a $1 billion cap.

Several other projects and development phases have since been launched, with the most notable ones being the Odyssey, which created a system for incentivizing content creators. Further development phases – Great Voyage and Apollo-enable content creators to build their brands and issue personalized initial coin offerings to raise funds for their projects.

Further, plans to develop the ecosystem are in line for the future with phases of Star-Trek, which is estimated to launch in mid-2023, and Eternity estimated to launch in late 2025.

Therefore, we are likely to see interest in Tron and blockchain itself grow even further in the upcoming years and increase the price.

Let’s look at Tron’s previous price history to understand what the future price could look like. IT is a good investment if you are losing money rapidly in all others.

Tron has been compared with Ethereum due to its lower fees and fast payment. When ETH was at its all-time high, a considerable amount of fees was applicable for transfer, and for this reason, people started shifting to TRON.

What other factors affect the TRX price?

Tron celebrated its most significant milestones in its existence surpassing a million active user accounts. But since then a lot has changed because the total number of active user accounts surpassed 4 million and it is increasing steadily.

Moving forward, in the first week of June 2021, there have been more than 10 million transactions recorded on the Tron blockchain. On June 14, it recorded a total of 1,049,206 transactions. That is almost triple the number of transactions recorded on the Bitcoin blockchain per day.

Factors affecting Tron’s price are the same as any other cryptocurrency – mainly, the supply and demand on cryptocurrency exchanges. More significant deals are often done off the exchanges, creating a negligible impact on the Tron price.

Supply and Demand

The supply of the coin naturally comes from the number of tokens that are released into the market every day. In the case of Tron, you can earn a mining reward by staking the coin.

As of now, staking TRX offers around a 7 percent annual yield. However, this yield will vary over time and based on market conditions.

On the other hand, the demand for Tron comes from investors who want to buy it with the expectation that its long-term value will grow. Another motivation for purchasing Tron is the ability to stake your coins, which in return gives you an annual yield.

Staking TRX tokens also gives the power to vote on various issues that the network developers want to solve or features that they want to add. Therefore, by purchasing and staking TRX, you help ensure the TRX blockchain’s consensus mechanism.

Regulatory Compliance

Recently rumors of the United States and China investigating the TRON Foundation and the blockchain itself. In his Twitter account, the founder of Tron Network, Justin Sun, ensured no reasons to doubt the accusations of malpractice as the network is run as a decentralized network. Therefore, claims of centralized manipulation are of no sense since the TRON Foundation is only one of several thousands of participants.

Overall, TRX is compliant with various regulations over the world as any other major blockchain. This ensures the demand for TRX continues growing. Therefore, over time, the crypto market price should continue to rise over the next five years.

The Rise of Apps

Over the last months, the TRX network experienced an increased interest in decentralized applications (DApps). As of now, more than 100 DApps are running on the blockchain, offering various categories of functionality ranging from exchanges to gaming and gambling.

Websites such as DappRadar offer a quick overview of the most popular ones and how many users have each decentralized application attracted over time. User count ranges from several hundred to several thousand, and this number is expected to grow further over the next 5-year period.

This raised interest in the TRXs blockchain functionality creates an additional appeal to invest in Tron. Therefore, creating extra trading volume and market growth for the cryptocurrency market.

Where to buy Tron?

Tron is available for trading on practically every major exchange, just like Bitcoin or Ethereum. It is one of the best-known cryptocurrencies with a high average trading volume of more than $2 billion per day. As seen during previous bull markets of cryptocurrencies, this number is likely to grow over the next five years. Therefore purchasing crypto shouldn’t be an issue for anyone interested in trading or investing.

How to store Tron?

Tron offers several options for storing crypto. The basic one is the so-called TRON paper wallet, which involves a primary method of printing out your private keys and keeping them on a piece of paper in a place where only you have access. This basic solution comes from earlier cryptocurrencies such as Ethereum.

Other options include Tron Android wallet, Tron IOS wallet, Chrome wallet, Exodus desktop wallet, and the commonly used hardware wallets of Ledger Nano and Trezor. This means that the Tron coin can be stored in as many different wallet options as other well-established cryptos such as Ethereum.a

Tron Price History

As seen on the Tron chart, the price of Tron cryptocurrency has seen a good amount of volatility over the past years.

After spending the second half of 2019 retracing from $0.04, TRX eventually found support around the exchange rate of $0.11.

This resulted in a push higher at the beginning of 2020 as the price set a new higher high, indicating that a new bull cycle has potentially begun.

However, after peaking at $0.026 in the middle of February 2020, the Tron price got heavily rejected to the downside, destroying any bullish price prediction at the time. What followed for the price of crypto was another dump lower.

The Tron price pushed through previous support and set a new several-year low at $0.07.

The price started to slowly recover from there on, creating a bullish Tron (TRX) price action structure by the end of the year.

In September, the Tron price moved and saw a very sharp spike to the upside, resulting in a brief breakout from the significant resistance of $0.04 as it hit a new several-year high of $0.05.

During the following weeks, the crypto retraced toward the previous resistance of $0.22-$0.025 and retested it as support.

As expected by analysis of several well-known traders at the time, Tron’s price reversed from thereon. After spending the end of 2020 in a consolidation, Tron pushed higher at the beginning of February in a solid bull run, resulting in a $0.065 level being reached, beating several predictions.

Tron Price Prediction 2023-2031: Is it a Good Time to buy TRX? 1
Source: Tradingview

It is in a bearish momentum and has an RSI index of 39. In the 4-hour chart, we can make a short-term Tron price predicition using the above technical analysis. With the reversal in the trend, the coin price has changed its bearish outlook as it is trading above the 50-day and 100-day MA, breaking out of the upper end of the Bollinger Band.

Now, let’s look at the long-term Tron price prediction for the upcoming years and remember that these Tron price predictions are not investment advice.

TRON Network Latest Development

TRON blockchain becomes the national blockchain of Dominica, making the network the first major public blockchain to partner with a sovereign nation. The network is also developing a $DMC token – a national fan token intended to improve the economy and promote tourism and the heritage of the Caribbean island.

Also, other #TRON cryptocurrencies – TRX, BTT, JST, NFT, USDD, USDT, and TUSD have been granted statutory status as an authorized digital currency and exchange medium since October 7, 2022.

TRON Technical Analysis

This year has brought substantial volatility for several cryptocurrencies, and TRON is no exception as it has changed its mood every time throughout this year. The current crypto market trend has dramatically been affected by negative news like the FTX’s demise and its native token FTT’s collapse, leading to a bankruptcy that wiped billions of dollars from the crypto market. TRX touts itself as a deflationary coin as the developing team continuously implements a burning mechanism to make a scarcity in the total circulation and stabilize TRX’s price.

Moreover, in mid-October, the TRON token registered a significant uptrend in activity as it executed more than 4 billion network transactions in less than 24 hours after rumors surfaced that its founder Justin Sun became the real buyer of the crypto exchange Huobi. However, the TRX token is currently witnessing a potential downtrend due to FTX’s collapse and trading near its bottom level. Our TRON technical analysis aims to bring you an in-depth analysis of the current trend to guide you in making the proper investment decision.

Tron Price Prediction 2023-2031: Is it a Good Time to buy TRX? 2

Looking at the daily price chart of TRX, the token may soon witness a sharp fall as whale investors continue to liquidate their positions amid the FUD situation caused by FTX. The selling pressure of TRON increases, and it may soon bring a potential downfall for the token in the next few weeks. TRON token is trading in a bearish consolidated phase after attempting to break above its immediate resistance level of $0.051. According to CoinMarketCap, TRON is currently trading at $0.05 with an uptrend of over 3%.

After facing a minor rejection at $0.051, the TRON token has formed an initial support level near $0.05 and aims to make another attempt to trade above its 23.6% Fib retracement from its current value. Following the positive CPI data, TRON has built a short-term bullish momentum before dropping heavily as the Balance of Power (BoP) indicator trades in positive territory at 0.71. TRX may ignite a short-term upward rally to $0.055 and face resistance to spark a downfall in the price chart.

The RSI-14 indicator is signaling a total domination of the bears as the selling pressure spikes, and the indicator is trading at a level of 31, which may act as a catalyst in plunging the TRX token to the bottom line. Moreover, the MACD line is also trading in an extreme bearish zone, hinting at a steep fall if TRX fails to hold its price near $0.051.

Tron Price Prediction 2023-2031: Is it a Good Time to buy TRX? 3

Moreover, the Bollinger bands are not promising, as they are forming a falling triangle in the TRON price chart. The Bollinger band’s lower limit is at $0.047, below which the TRX coin may vertically retrace downward and trade at $0.04. Conversely, to initiate a smooth bull run and invalidate its bearish analysis, TRX needs to trade above its Bollinger band’s upper limit at $0.058. If TRX holds its price above $0.06, it can head towards its EMA-200 trend line at $0.064 in a few days.

TRON Price Prediction by Cryptopolitan

2022 has been a significant year for the crypto market, revolutionizing developments and innovative integrations of the TRON crypto coin. However, the TRON token has been severely impacted by the historic crypto crash in May and the recent collapse of the FTX exchange. However, the token recovered from the mud of its bearish trend as Tron founder Justin Sun agreed to transfer Tron-based assets from FTX to external wallets. TRON made a jump of over 140% following rumors of Justin Sun’s acquisition of the Huobi exchange, but now the token may take enough time to reach its recovery phase from the current market situation.

Tron Price Prediction 2023-2031: Is it a Good Time to buy TRX? 4
YearMinimumAverageMaximum
20230.0760.0780.091
20240.110.110.13
20250.160.170.19
20260.240.240.28
20270.330.340.41
20280.480.50.57
20290.700.720.83
20300.971.011.19
20311.471.521.71

Tron Price Prediction 2023

In 2023, it is expected that the price of TRON cryptocurrency will reach a maximum level of $0.091, with an average trading price of $0.078. TRON’s price may go as low as $0.076.

Tron Price Prediction 2024

TRON may skyrocket in the near future and is projected to touch a maximum price of $0.13. According to our technical analysis, TRON’s price might consolidate and record a low of $0.11, keeping the average price near its minimum price.

Tron Price Prediction 2025

In 2025, it is expected that the maximum trading price of 1 TRX token will be equivalent to $0.19. The average TRX token price is expected to be around $0.17 in 2025. TRON’s price can touch the bottom at $0.16.

Tron Price Prediction 2026

The TRON platform and its fundamentals are overwhelming, which can bring a high of $0.28, with an average price of $0.24. It is anticipated that the TRON price will consolidate near its average price of $0.24.

Tron Price Prediction 2027

TRON may experience a potential bullish market trend and extend its explosive upward momentum as it is projected to touch a maximum price of $0.41, with an average trading price of $0.34. TRON may record as low as $0.33 by the end of 2027.

Tron Price Prediction 2028

In 2028, TRX token holders may generate a lucrative ROI as the price of TRON is expected to reach a maximum price of $0.57, with an average trading price of $0.5. Our technical analysis reveals that TRON may reach a minimum of $0.48.

Tron Price Prediction 2029

Our TRX price prediction states that TRON’s price is anticipated to hit a maximum price of $0.83. The average price of the TRON coin is predicted to be $0.72, with a minimum price of $0.7.

Tron Price Prediction 2030

In 2030, it is expected that the TRX token price may witness a massive price jump as its maximum value may be around $1.19, with an average trading price of $1.01. TRON may touch a minimum value of $0.97 if it retraces downward.

Tron Price Prediction 2031

TRON may bring a wave to investors’ portfolios as the TRON token has bright promises ahead. The price of TRON is projected to reach a maximum value of $1.71, with an average trading price of $1.52. The minimum trading price of TRON is predicted to be $1.47 by the end of 2031.

TRON Price Predictions by Wallet Investor

According to Wallet Investor’s TRX price forecast, TRON might be a good investment option if invested in the long term. They predicted that TRX price might touch an average trading price of $0.0574 with a minimum value of $0.0354 and a maximum value of $0.0789. TRX has robust fundamentals, which can bring possibilities of new highs for the token as TRX’s price prognosis for the next five years is $0.224, which can be its maximum value. They suggest a 5-year profitable investment plan may fetch a revenue on investment of over 226.53%.

Tron Price Prediction by Trading Beasts

Trading Beasts’ TRON price forecast suggests that TRON may begin 2023 with a trading value of $0.0671201. In 2024, the TRX token may project its trajectory to trade at a minimum price of $0.0693570 with a maximum price of $0.1019955, keeping the average price at $0.0815964. By the end of 2025, the TRX coin price is predicted to hit a minimum price of 0.0795158 with a maximum value of $0.1169350, while the average trading price is predicted to touch $0.0935480.

Tron Price Prediction by DigitalCoinPrice

DigitalCoinPrice is bullish on TRON’s future prices as the website predicts that TRX will surpass $0.16 in 2024. By the end of the year, TRON is anticipated to reach a minimum fee of $0.15, while the maximum price may become range-bound near $0.16. In 2027, TRX is predicted to exceed the level of $0.24. By the end of the year, TRON is anticipated to reach a minimum value of $0.23. In addition, the TRX price may record a maximum level of $0.25

In 2029, TRX may become highly bullish as the price of TRON may touch a minimum value of $0.49, and it may register a rise of $0.53, with an average trading price of $0.52.

Tron Price Prediction by Market Influencers

The ongoing price fluctuations of the TRON platform have attracted a wide range of investors and crypto analysts to produce their viewpoints on its future price movements. Most TRON price predictions are bullish as TRON looks potential and optimistic in providing excellent infrastructure to the crypto payment system with advanced integrating tools to the crypto community.

Forecasters and traders provided mixed predictions about the TRX token’s future prices as the bullish forecast suggests a value of over $100 by 2030, whereas the bearish prediction lies near the $1 price barrier. A famous crypto analyst, Crypto Vault, has highlighted TRX’s $15 timeframe when TRX may break all its resistance levels and head in the North direction!

This is WHEN TRON WILL REACH $15 – TRON TRX Price Prediction & Price Analyses

X was up 4.6% while large caps are down 50% plus per the index. That’s a big difference. @justinsuntron is working hard behind the scenes and it shows in token performance.

Gabor Gurbacs

Conclusion

TRON has evolved the blockchain space to a new era as it focuses on developing the foundation of a decentralized global ecosystem, which is a crucial sector of the crypto space. TRON coin is a highly-rated cryptocurrency with massive potential for widespread adoption in the future. Much of these expectations are due to the strategic partnerships continuously secured by the TRON ecosystem in a bid to promote awareness of the platform.

An example of such partnerships is the recent collaboration with the Republic of Dominica, in which the TRON platform will be used to create fan tokens known as Dominica Coins (DMC), which serve to promote the country’s national and cultural heritage.

The Tron ecosystem is rapidly growing with new users and dApps. This results from the robustness, scalability, and low cost of the blockchain. As we transition into WEB 3, we anticipate new industry players to plug into the Tron blockchain, like Samsung.

Furthermore, the TRON network continues to attract numerous developers and users with its high throughput and low transaction fees. On the first of September, Tron’s founder, Justin Sun, announced the network had hit a new milestone, recording a total transfer value of over $5 trillion since its launch in 2018.

Tron has weathered its investors from this year’s crypto winter, and due to its high utility, it will be highly profitable in the following market bull run. The shaky performance of Tron USDD stablecoin will adversely affect Tron’s performance in the case of a crash.

Many Tron opponents and Ethereum proponents have long believed that Tron is not legitimate crypto. They have speculated on the legitimacy of Tron as a company in general after Tron openly admitted that it is going after Ethereum. ETH is the second-largest crypto by market capitalization.

However, crypto enthusiasts think that the two projects cannot be compared. They are different since the ETH developers wrote their code from scratch, while Tron might have copied and improved the code. Nonetheless, Sun said that the Tron blockchain code was written from scratch and originally in Chinese, the main thing going for TRX.

TRON may soon make a bullish reversal as the developing team is actively looking for valuable opportunities to bring to the TRX platform. If the demand for TRX stays stable or increases, and supply remains constant, TRON crypto may see a price increase in the future.

Most TRON price predictions consider TRX a favorable asset for long-term investment, capable of delivering steady profits over the years. The upcoming future prices of TRON will majorly depend on the crypto market’s favorability to make it a good investment option. That said, these price predictions are not guaranteed, as various factors can influence cryptocurrency market prices. Thus, investors are advised to consult with financial market experts before making investment decisions.

By reading your favorite coins’ price analysis and daily roundups, you may keep yourself updated and better able to make a decision.

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FAQs

Is Tron a good investment?

Yes, Tron is a profitable long-term investment.

Where can I buy Tron?

You can buy Tron on  Huobi global, Kucoin, and Binance.

What's the likely price of Tron in 10 years?

TRX price prediction for 2031 is $1.52 on average, ranging from a minimum value of $1.47 to a maximum value of $1.71.

Can Tron be mined?

You can earn TRX by staking your coins and making an annual yield. For further reading on TRX mining, see our comprehensive guide: cryptopolitan.com/how-to-mine-tron/

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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