Close
Tron is one of the projects that, despite its special blockchain capabilities, has yet to achieve significant growth as a digital currency. Investors of this digital currency have been waiting for a fundamental change in the market situation of this cryptocurrency and its price increase for a long time. In this article, we are going to present a long-term analysis of the Tron price, which is one of the largest digital currencies in the market. Stay with us.
Tron, with the abbreviation TRX, is the exclusive token of the TRON blockchain network, which was created in 2017 by the non-profit Tron Foundation under the CEO Justin Sun. The purpose of creating Tronix digital currency is to facilitate payments to content producers on the Tron blockchain. The Tron network uses the Delegated Proof of Stake (DPoS) mechanism, which consumes less energy and requires less hardware than Proof of Stake.
Tron price, despite stabilizing above the $0.055 level, has not been able to follow a clear trend and feels the risk of falling again. The current price level of $0.065 shows that the price has behaved marginally in the last month.
Each Tron unit with the abbreviation TRX is a digital currency with a price of 0.0656 and a market value of $5,971,198,182. The price of this digital currency has changed by -1.5141% in the last 24 hours. Among all digital currencies, TRON ranks 15th and its daily trading volume is $201,134,768.
Tron is a leading digital currency and one of Ethereum’s competitors in terms of scalability and creating a platform for smart contracts. Although Ethereum is a fierce competitor and has its own fans, by creating features such as high transaction speed and much lower fees per transaction, Tron has shown the ability to overtake the Ethereum network and become the largest blockchain for smart contracts and applications. has decentralized
Tron Foundation’s plans to improve this network, including the creation of Tron’s own stablecoin, have created a positive outlook for the future of this digital currency. Considering the low price per Tron coin, according to experts, there is a lot of room for the growth of this digital currency, which will probably start in 2022.
TRON hit a low of $0.0018 on November 12, 2017, but reached an all-time high of $0.23 a few months later on January 5, 2018. After this historic peak, the price of Tron returned to $0.04 with a free fall. In the rest of 2018, the price once again found a significant upward trend, but with the peak of $0.09 on May 2, the period of decline began again. From August 2018 to January 2021, Tron’s price behavior was limited to a fixed range and there was little fluctuation.
At the end of January 2021, with the peak of positive sentiments in the digital currency market, Tron once again experienced an upward movement and in April 2021, it went up to $0.15, but then it fell again and reached the level of 0.05. The dollar fell. After this period, although there was a lot of fluctuation in the price, Tron could not return to its previous position due to the lack of stability in the digital currency market as a whole and the bloodbath of prices under the influence of the sharp fall in the price of Bitcoin.
The analysis of Tron shows that due to the sharp drop in the price of Tron compared to its historical ceiling, a good opportunity has been provided to buy this digital currency at the price floor. Therefore, Tron is a great option if you are planning to buy a safe asset for a long-term investment of several years. But for the final decision, the current conditions of the market and short-term and fundamental analyzes should also be considered.
RSI and MACD indicators are not in a good position in the daily time frame and both are in the downward range. The total of indicators in this time frame shows a strong sell signal because 16 of the indicators are in a sell position and 10 indicators show a neutral position.
But the general perspective of the indicators in the monthly time frame shows the sell situation because they have provided a total of 8 sell signal indicators, 8 neutral status indicators and 5 buy signal indicators. This situation makes the decision to buy or sell dependent on future price behavior because the market is currently in the red.
Walt Investor experts have predicted the price of Tron at the level of $0.224 by the end of 2027. With this growth rate, investors will get 226.53% profit.
By the end of 2022, the price of Tron is expected to reach $0.11. Gov Capital further predicts Tron to reach $0.53 in 2025.
According to technical analysis, the Tron price is expected to advance to a maximum of $0.10 this year, although considering the sentiments prevailing in the market, such an expectation seems too optimistic.
For 2023, the Tron price range is expected to be $0.13 to $0.19, which gives an average price of $0.15.
In 2024, the price of TRX is expected to fluctuate between $0.17 and $0.22. It is expected that in the next two years, we will witness the peak price of Tron and record a new historical ceiling.
In 2025 and 2026, the price of Tron is expected to reach an average of 0.25 and 0.43 dollars, respectively. In 2027, the price will reach $0.64 and in 2028, it will reach $0.94.
The price forecast for 2029 is $1.36 to $1.58, and the next year the price will reach a minimum of $1.92 and a maximum of $2.34.
Tron is one of the leading digital currencies is far away from its historical ceiling and this factor has increased the value of investing in Tron.
In this article, after a brief introduction of Tron and its capabilities, the trx price forecast in the coming years was presented to help you make a better decision about investing in this digital currency.
