TRON is a cryptocurrency and a foundation founded by Justin Sun. The TRON cryptocurrency was launched on August 28, 2017 and became a huge success later in 2018. It is currently one of the biggest cryptocurrencies in terms of market capitalizations, TRON price predictions are among the most positive one the market. However, let’s talk about the most likely TRON price for 2020.
Tron Value & Platform Explained
TRON is a blockchain-based project designed to build a platform for digital entertainment. The idea behind the crypto is based on the presupposition that the current digital content platforms like YouTube or iTunes have too much control over the developers and content creators that work on it.
The blockchain technology can provide a decentralized data distribution platform that will be free from censorship, fast and secure. The Tronix (TRX) cryptocurrency was created to power the network and to use as an encouragement tool for content creators. The platform seeks to provide its participants with a fair and reasonable distribution of the income generated by the content of the platform.
The TRON cryptocurrency is developed and maintained by the TRON foundation. The foundation is currently headed by Justin Sun – the current CEO of the organization.
More information about the coin on BitcoinWiki.org
|Curr. Supply / Total Supply||66,682,072,191 TRX / 99,281,283,754 TRX|
|ROI since launch||598.39%|
TRX Price Analysis
In September 2017, when the token first appeared on cryptocurrency exchanges, its price was only 1 cent, and the market capitalization was $70 million. Throughout the fall, the course has not changed, and few believed that TRON will be able to break into the top.
However, thanks to an active PR campaign and the attraction of large cryptocurrency investors, in December the market capitalization of the coin reached $160 million, and the price rose to 6 cents.
In early January, capitalization exceeded the $2 billion point, and cryptocurrency entered the top 10 of the world ranking, supplanting NEO, Stellar and Litecoin. The price of the token rose and kept at 10-20 cents.
However, already in mid-January, the cryptocurrency rate plummeted, and the price dropped to 4 cents. The unexpected drop was due to the accusation of developers in the unauthorized discharge of a large number of tokens.
About 6 billion TRX worth $300 million were sold from an account on the Binance cryptocurrency exchange. Investors blamed Justin Sun for this. Information leaked to the network that the account belongs to the main TRON developer.
Justin himself tweeted that he had nothing to do with the sale of assets, nor with the account from which they were sold. According to him, someone specifically linked an account with his name in order to compromise the TRON developer. Full trust in the company has not recovered, but the price of the coin has ceased to fall.
The coin is widely dependent on the decentralized application market. All the price predictions are, ultimately, coming from two other anticipations – an anticipation of the future financial results of the market of dapps and the possibility of the success of the TRON competitors; for example, Ethereum, EOS and NEO. All these platforms have no strong focus on the digital entertainment industry but also provide a successful framework for the development of dapps and smart contracts deployment.
TRON has its advantages over the mentioned platforms as it is, for example, faster than Ethereum, the major and stable top-3 crypto. The coin was also improved in terms of availability for both developers and users.
However, the competitors of the TRON project also have their strong sides. Ethereum has a first-mover advantage and a massive media presence. The NEO project provides physical assets digitalization, the EOS platform is a world-leading cryptocurrency in terms of transaction speed. And the list of the TRON competitors mentioned above is far from being complete.
Tron (TRX) Technical Analysis
Well, there is not actually any technical analysis expertise of Tron cryptocurrency. However, here is the aggregate rating for TRX from several traders & analysts on TradingView.
Tron (TRX) Price Predictions for 2020, 2022, and 2025
Wall Street experts expect TRX to cost a minimum of $40 by the end of 2020. If their forecast is confirmed, then every dollar invested in TRON today will pay off 1000 times in a year.
TRON is supported by well-known Asian businessmen such as Tang Binseng (creator of the cult online game Clash of Kings), Dai Wei (founder of the cycling company OFO), Yin Mingshan (CEO of industrial giant Lifan) and others. If such serious people invest their money in TRON, then they are confident in the prospects of the project.
Now let’s find out bare numbers for TRX cryptocurrency forecast. Here is our vision on TRX token future.
#1. WalletInvestor Price Prediction for 2020-2025
According to the WalletInvestor, Tron (TRX) price forecast is bearish. The price may drop from 0.0127 USD to 0.00166 USD. The change will be -86.921%. In the next year, the price of one TRX can be $0.02032. In 2025, the Tron rate can reach $0.1016.
#2. TradingBeasts Price Prediction for 2020, 2022
In 2020, the price would not change a lot, just $0.0241727. In 2022, Tron rate can be $0.0349044.
#3. DigitalCoinPrice Tron Price Prediction for 2020, and 2025
According to the source, Tron cryptocurrency is a profitable investment. In 2020, TRX token price can go up to $0.03145031. In 6 years, the price can change and reach $0.05732635.
#4. BitcoinTalk Users’ Opinion
Just look at the chart and you will find that MACD, MA, EMA, OB, RSI all the indicators are showing a long term downtrend (bearish sign) and price may hit 0.001 USD or all time lowest lows so I suggests all hodlers to sell with a buy back price so if it gets the uptrend momentum, you won’t lose your investmentDashingAgent
That is absolutely possible and I believe that it could even hit far more than that, Justin is really doing all his possible best to attract investors into the community of TRON, and I am sure that there would have been a great effect on the price of TRON recently if the meeting that was scheduled between him and the other businessman had held, but because of the kidney disease, he had to postpone it.
But, I know that once he gets well now, he will continue with its strategies which I believe will really assist TRON to experience some great increase, and if I am right, I think he was the one that also established a gambling site of recent, and I guess he still has other plans to establish more products through TRON which will attract very high caliber of people to his community.DashingAgent
TRX Price Prediction Summary
There are minor changes in the TRX cryptocurrency price forecast. Perhaps cryptocurrency will gradually grow over the years. It all depends on the development and the efforts of the team. The estimated cost of cryptocurrency in the next year may double to $0.03. It is impossible to predict the value of cryptocurrency for a long time since the cryptocurrency market is unstable.
Buy TRX at the Best Rate
Where to Buy Tron (TRX)?
It is easy to buy a TRX coin on many platforms. If you want to buy Tron cryptocurrency anonymously using your credit card (USD, EUR, GBP), you can use the Changelly platform.
Is Tron a Good Investment?
In general, investing in Tron today looks quite a promising way. The growth of the investment crypto asset cannot be called explosive, but positive movement can be observed. It can be good for long-term investment.
When Was Tron Released?
The first Tron token appeared on the exchange in September 2017.
Who Created Tron?
Justin Sun is the creator of Tron cryptocurrency.
Is Tron Dead?
The creator of the Tron cryptocurrency, Justin Sun, is struggling to promote and popularize his cryptocurrency. He is known for his Twitter announcements, which often lead to an increase in the rate of cryptocurrency. Moreover, the developers are actively engaged in the improvement of Tron, so we cannot say that the Tron (TRX) cryptocurrency is dead.
Will TRX Ever Go Up?
The price of Tron, like all altcoins, correlates with the price of the main cryptocurrency. Moreover, it depends on the efforts of the developers. In general, the price of the Tron can go up.
Does Tron Have a Wallet?
Tron has a secure peer-to-peer crypto wallet and exchange for TRX. Available for Chrome, iOS, and Android. You can find out more about Tron wallets here.
Can TRX Be Mined?
No, TRX can’t be mined. You can earn Tron and various other tokens via staking.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.