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Tron Price Prediction 2024-2030

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Release: 2024-03-21 15:01:31
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Tron price reached an all-time high of $0.3004 (ATH) in January 2018. Currently, the price is down 73% and sits at $0.07841. Our Tron price prediction estimates a price of $0.096 by the end of 2024. Our Tron price prediction for 2025 predicts a price of $0.16.

Tron Price Prediction 2024-2030

Tron is a decentralized layer-1 blockchain focused on media and entertainment. Founded in 2017, it has become a top 15 cryptocurrency by market capitalization and also has the largest number of daily active wallet addresses.

However, a degree of controversy and FUD has shrouded the project. In this Tron Price Prediction, we take a deep dive into what Tron is, whether the FUD is deserved, and where we think the price will go between 2024 and 2030.

Tron Price Prediction Summary

  • Tron was founded in 2017 with an initial price of $0.002.
  • The price reached an all-time high of $0.3004 (ATH) in January 2018.
  • Currently, the price is down 73% at $0.07841.
  • Our Tron price prediction estimates the price by the end of 2024 at $0.096.
  • Our Tron price prediction for 2025 predicts a price of $0.16.
##yearlowest priceaverage meal budgethighest price
2024 $0.071 $0.096 $0.12
2025 0.1 USD 0.16 USD 0.22 USD
2030 0.12 USD 0.19 USD 0.26 USD

Tron Historical Price

Founded in 2017, Tron initially held an initial coin offering (ICO), raising $70 million between August 30 and September 1. The ICO was denominated in BTC, but at the time it was roughly equivalent to $0.0019 per coin.

The project went live on the exchange following the ICO and had an initial trading price of $0.002, according to CoinMarketCap.

Until December 2017, prices remained relatively stable. However, there was massive hype due to Tron founder Justin Sun’s connections in China.

The price reached an ATH peak of $0.3004, with a market capitalization of over $13.5 billion. However, this was short-lived and prices plummeted almost immediately. After this, Tron’s price temporarily increased, forming a bull trap, and then dumped along with the rest of the market throughout the rest of 2018 and into 2021.

However, Tron failed to regain its 2018 ATH in the 2021 bull run and instead peaked at $0.1573.

Despite this, Tron has performed relatively well in the recent bear market, down less than 50%, down $0.07841 from its 2021 highs, and down 73% from ATH.

Zoom in on the Tron price chart below, which shows that TRX has been in an upward trend over the past year. In June, Tron took a crackdown on the cryptocurrency from the U.S. Securities and Exchange Commission but has since recouped most of its losses.

Tron historical price points:

  • Tron was launched via ICO in 2017 with a price of $0.0019.
  • In January 2018, the price surged to $0.3004 ATH.
  • TRX rallied in the 2021 bull run but peaked at $0.1573 and was unable to reclaim its ATH.
  • Currently, Tron’s ATH is down 73% and is priced at $0.07841.

Tron Price Prediction 2024

Tron aims to become a decentralized blockchain for all media sharing and social networks. The platform facilitates revenue sharing, with creators and viewers benefiting from using the network.

This is a significant step forward compared to what is currently available through traditional social media sites. As in the Cambridge Analytica scandal, social media users' data is often harvested and sold to the highest bidder.

Tron offers an exciting alternative to this concept, and narratives can easily be built around it in the future.

BusinessInsider A recent report found that Bank of America is bullish on financial markets in 2024. The article found that the S&P 500 could be up 19% by the end of 2024. This will undoubtedly be beneficial to the crypto market as well.

Another factor to consider is that the Bitcoin halving is scheduled for April 2024, leading many analysts to predict that the next cryptocurrency bull run will occur in 2024.

However, it is possible The two main risks that prevent Tron from climbing in 2024 are regulatory scrutiny and the crypto bull run not happening.

Adding fuel to the regulatory fire, a recent Bloomberg report found Justin Sun venturing out in China. According to the report, the Tron founder is helping mainland Chinese investors Access the Huobi exchange, although cryptocurrencies are currently banned there.

This may cause more problems for Sun and the Tron Foundation, which may affect the development of the Tron network.

Nevertheless, we remain optimistic about Tron’s overall outlook for 2024, given its continued upgrades, unique use cases, and overall bullish market sentiment. With this in mind, our Tron price prediction estimates a possible low of $0.071, a high of $0.12, and an average price of $0.096 by the end of 2024.

Tron Price Prediction 2025

One of Tron’s strengths is its business development strategy and ability to attract the highest level companies to build on its network. The project has partnerships with Samsung, Polinex, Opera and more.

Currently, Tron has the largest number of daily active wallets, with an average of 3.19M active wallets in the past 30 days. To put this into perspective, the highest number of active addresses ever recorded on Ethereum is 1.4 million.

In addition to focusing on entertainment and media, the Tron network has also begun to focus on the development of stablecoins. In a recent tweet, Justin Sun emphasized that Tron aims to increase the market cap of its stablecoin to $60 billion.

This also coincides with the launch of its algorithmic stablecoin stUSDT. Stablecoins have raised concerns due to the collapse of the Luna Terra algorithmic stablecoin, but Tron will add collateral and transparency to stUSDT to avoid these risks.

stUSDT is the first real-world asset on the Tron blockchain, and Justin Sun believes it will become a bridge between traditional finance and decentralized finance.

Tron is TVL’s second largest blockchain behind Ethereum, and it currently holds the highest amount of USDT, ahead of Ethereum.

Overall, these factors show significant advantages for the Tron ecosystem and provide it with great future potential.

Therefore, our 2025 Tron price prediction estimates a possible low of $0.1, a high of $0.22, and an average price of $0.16 by the end of 2025.

Tron has the potential to climb given its network activity and TVL, but our forecast predicts that Tron can trade sustainably.

Tron Price Prediction 2030

One of the reasons Tron has long-term potential is its support for Ethereum’s Solidity programming language. This means it’s easy to transfer code, applications, and assets between chains, making it easy for Ethereum developers to build on Tron.

Another benefit of Tron is that it offers transaction fees of just a fraction of a cent compared to Ethereum, where a single transaction can cost hundreds of dollars.

In other words, Tron is relatively centralized, with only 27 "super representatives" (network validators).

This could make Ethereum second-layer solutions a better alternative to Tron, especially for users who prioritize decentralization. An example of a potentially better alternative might be Polygon. In our Polygon price prediction, we break down its new zkEVM scaling solution, which is decentralized and will help reduce transaction costs.

Despite this, Tron’s TVL and network activity prove that it is a strong chain and may make it the best long-term cryptocurrency.

With this in mind, our Tron for 2030 The price prediction estimates a potential low of $0.12, a high of $0.26, and an average price of $0.19.

Possible Lows and Highs for Tron Price

Although Tron aims to be Entertainment and media blockchain, but it has seen quite a bit of stablecoin adoption recently. This makes it the best DeFi cryptocurrency. With this in mind, we have listed the predicted lows and highs for TRX price below.

year lowest price highest price
2024 $0.071 $0.12
2025 0.1 USD 0.22 USD
2030 $0.12 $0.26

What other analysts are predicting for Tron

To get a better idea of ​​where Tron is headed, we’ve compiled the predictions of different analysts below.

According to ChangellyTron forecast, by the end of 2024, the lowest price will be $0.0748, the highest price will be $0.0791, and the average price will be $0.077.

Teragon’s TRX price prediction predicts a low of $0.082, a high of $0.32, and an average price of $0.15 by the end of 2024.

This coin encyclopedia TRX price prediction estimates that by the end of 2024, the possible low is $0.0762, the high is $0.1475, and the average price is $0.1098.

Based on Bitcoin According to Tron predictions, by the end of 2024, the price may reach a low of $0.09317, a high of $0.139755, and an average price of $0.116463 .

Bitcoin Wisdom’s Tron prediction predicts that by the end of 2024, the minimum price will be $0.093218, the maximum price will be $0.116521, and the average price will be $0.108714.

What is Tron and what is it used for?

Tron is a layer 1 blockchain powered by the TRX cryptocurrency. Initially, the chain was designed to facilitate decentralized entertainment and media applications, putting control in the hands of viewers and creators.

In recent years, Tron has grown into one of the highest TVL chains with countless DeFi projects thanks to low transaction fees and partnerships with global brands.

The blockchain uses a delegated proof-of-stake consensus mechanism with 27 super representatives as validators. From 27 validators, one is chosen every 6 hours to maintain the network and receive Tron coins in return.

In addition to this, TRX is used for staking, governance, transaction fees, and paying content creators.

The exciting thing about Tron is that it has a built-in burning mechanism that causes deflation of its supply. There were 101 billion TRX tokens in circulation in 2021, but today there are only 89 billion.

Tron Overview

Cryptocurrency Throne
Stock Code TRX series
row 11
Price 0.07767 USD
Price change 24 hours 0.92%
Market value 6,980,200,264 yuan
Circulating supply 89,866,412,305 TRX
24-hour trading volume $163M
Historical High 0.3004 USD
Historical Low 0.001091 USD

What affects the price of Tron?

Tron’s most obvious price driver is broader market movements. Tron has been somewhat in line with the rest of the market, climbing and falling alongside other cryptocurrencies.

That said, while many cryptocurrencies gained new ATH during the last bull run, Tron did not. Additionally, despite having the largest number of daily active wallets and the second-highest TVL, Tron’s market capitalization ranks only 11th among all cryptocurrencies.

This may be due to regulatory issues and issues regarding project leadership. Tron and its founder Justin Sun have been embroiled in multiple controversies since the launch of the project. Therefore, despite the project’s strong performance, market sentiment may overtake the TRX price.

However, once the market picks up, its considerable network activity and notable use cases will likely drive prices higher. Beyond that, deflationary supply could further boost growth.

Is Tron worth buying?

Tron is a highly scalable blockchain that has seen massive adoption and partnerships with global brands. However, it faces several issues around regulation, leadership and investor sentiment.

While it could prove to be one of the best cryptocurrencies for the next bull run, it also poses several risks that investors must be aware of.

Conclusion

Our TRX price prediction finds that the project has diverse use cases and strong adoption. Still, its risks must be considered. Tron already has a large market capitalization, and regulators and industry experts have expressed concerns. Therefore, other cryptocurrencies may offer better upside potential.

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