StUSDT is the first real-world asset on the Tron blockchain, and Justin Sun believes it will serve as a bridge between traditional and decentralised finance. This also comes amid the release of its algorithmic stablecoin stUSDT. The stablecoin has prompted concerns due to the collapse of the Luna Terra algorithmic stablecoin, but Tron will add collateral and transparency to stUSDT to avoid these risks. Therefore, Tron’s 2023 price ultimately depends on macroeconomics and advancements in the SEC’s action against the project.
The prices further started falling when the crypto market crashed due to restrictions from global dominant countries. The price of TRX kept falling until it reached $0.054 on January 16th. The TRON Foundation has recently unveiled a substantial $10 billion fund aimed at fostering the growth of decentralized finance (DeFi) on the TRON blockchain.
TRX Price History: 2019
We must say that while it’s possible it could happen soon (most likely very briefly), we don’t have a strong reason to say that it will. However, should the Tron project continue to progress as it has, it could reach $10 at some point in the future. Tron’s price performance has increased since then, but its market cap is worth mentioning. And so, for a long time, Tron (TRX) was touted as a top-flight token in the field of decentralised applications (DApps).
It supports smart contracts, NFTs, and decentralised apps — just like some of its big brothers, e.g., Ethereum. But more than that, transactions in Tron are actually cheaper and faster, so in some regards, it is better than the competition. Coin Price Forecast posted its expected price dynamic for Tron from 2030 to 2033. So let’s take a closer look at the TRX (Tron) price prediction 2030 table, along with other following years.
Can Tron Reach $1?
One of the biggest questions is whether or not TRON will continue to appreciate in value over the longer term, or for that matter whether or not it will survive? Remember, crypto is a very new asset class, so where we go is very difficult to assess. One of the simplest storage methods is the TRON paper wallet, where you print out your private keys and store them on a paper in a secure location accessible only to you. You can also opt for popular options such as the Tron Android wallet, Tron iOS wallet, Chrome wallet, Exodus desktop wallet, and popular crypto hard wallets like Ledger Nano and Trezor. However, this upward trend was short-lived, and the price dropped to $0.03 in January 2018. By November 2018, the TRON price further declined to $0.01; in 2019, it hovered around $0.045.
- It is important to remember that past performance is not indicative of future returns, and you should only invest with funds you can afford to lose.
- You can find TRX listed on crypto exchanges like Coinbase or Binance.
- This blockchain-based project was curated to build a platform for digital entertainment, providing a secure, decentralized data distribution platform free from censorship restrictions.
- When the market turns bullish, investors try to outperform bitcoin by buying riskier altcoins in the hope to hit a moon run and earn a lot of money in short time.
A TRON price prediction going forward is going to have to pay attention to a couple of major levels. If the market does manage to break above the $0.09 level, it’s very likely that Tron will try to make it back to the $0.12 level, perhaps even $0.15. On the other hand, if the market were to drop down below the $0.045 level, will tron reach $10 Tron could find itself heading toward $0.02 very quickly. Any TRON price prediction has to keep a lot of different moving pieces in mind. Well, it’s worth noting that TRON has a lot of interest in hype around it, and as a result most prominent forecasters in the business have forecasts for this particular market.
Keep in mind that past performance is no guarantee of future returns. If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinions before making any investment decision. As such, analysts and algorithm-based forecasters can and do get their predictions wrong. PricePrediction.net made a TRX price prediction which saw the coin potentially trade at $0.055 this year, $0.081 next year and $0.12 the year after that.
TRON (TRX) Price FAQs
The experts are surely bullish on the coin and you should consider investing in it too. But, please do a thorough research before investing in any kind of cryptocurrency. TRON has successfully launched its own stablecoin, USDD, which operates as a decentralized algorithmic stablecoin pegged to the US dollar.
Looking ahead to the second half of 2023, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 80% gain so far and renewed institutional interest indicate positive momentum. Despite regulatory challenges, the market remains resilient, with a total capitalization of $1.1 trillion.
What is the TRX price prediction for December 2023?
Tron (TRX) was launched in September 2017 alongside the Tron Network. The network was established to help carry forward the decentralization of the internet. After a few months of little movement, TRX reached its first price peak of $0.2245 on January 6th of 2018. At the next presale stage, you buy the same amount of tokens at a higher price.
Blockchain networks form a core of the emerging decentralised third-generation internet (Web 3.0). As part of that transition, the TRON blockchain has made the shift to a decentralised autonomous organisation (DAO) model. TRON became a fully decentralised network with a community-governed DAO in December 2021. BitTorrent launched its own native cryptocurrency, BTT, in February 2019 on the TRON blockchain, using its TRC-10 standard.
Can Tron TRX Reach $10?
It made a tron price prediction for 2025 that saw the token worth somewhere around $0.24, before possibly getting to $0.26 in 2026. It consists of decentralized applications (dApps) built on the TRON blockchain. These dApps offer various services and functionalities to users, such as gaming, social media, content sharing, decentralized finance (DeFi), and more. The smart contract layer is where the TRON Virtual Machine (TVM) operates. It executes smart contracts and decentralized applications on the TRON blockchain.
- Telagon’s TRX price prediction forecasts lows of $0.082, highs of $0.32 and an average price of $0.15 by the end of 2023.
- Investors commonly question if Tron’s value will reach $1, $10, or $100 and how long it might take.
- The most obvious price driver for Tron is the broader market movement.
- Its mining process, extremely similar to that of Bitcoin, has already proven its efficacy.
- The whole ecosystem is lead by unproven people and it will be a real wonder if TRX survives the next 5 years.
Tron uses the inherent features of the blockchain, P2P network technology, and smart contracts to decentralize media. Trading TRX for the sake of trading it does not incur transaction fees. Content creators on the network do not have to pay any fees either.
It has been reported that TRX/USD price has grown over 6 times from the year’s low to the year’s high, but by the end of the year the price has lost a large part of its success. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. It still only has speculative value that is diminishing as the market matures. The whole ecosystem is lead by unproven people and it will be a real wonder if TRX survives the next 5 years. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it.
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