Tron (TRX) Price Prediction 2019-2025
In this article, we are going to investigate the Tron network and its cryptocurrency Tronix.
TRX was the 10th most valuable cryptocurrency in December 2018. The organization reported that their network had achieved 100M transactions over the 173-day period leading up to December 27, 2018. This works out to an average of 578,034 transactions carried on the Tron blockchain every day.
Exploring the evidence, we’ll try to produce a price prediction for TRX. Let’s find out what’s going to happen to this asset in the near future. Will the price of Tronix go up?
What is Tron?
The TRON Foundation was set up in September 2017 by CEO Justin Sun, a former official representative of Ripple in China. The Tron blockchain was designed to construct a free system with digital entertainment content, that permits the sharing of any creative ideas in an easy-to-use manner. Tron strives to eliminate any middleman between content creators and content consumers. Thus, the global audience can pay content creators directly to access the final products.
Furthermore, there are many more development plans for the coming years to improve the existing platform.
The insight into the Tron coin background
Firstly, let’s take a look back at the history of the coin’s development. Initially, coins were offered at a price of $0.0019 and the target of $70m was reached. According to CoinMarketCap there were more than 66bn Tron tokens in circulation out of a total of 100bn by December 2018.
Tron was first listed on CoinMarketCap on 13 September 2017 at $0.002. The trading volume that day was 48,512 Dollars. The currency’s highest price of $0.30 was reached during trading on 5 January 2018. In 2018 Tron took significant leaps to compete with other blockchain projects such as Ethereum and EOS. Let’s take a look at some of these achievements:
1. Tron constructed the Tron Virtual Machine
With the TVM, developers can now build decentralized apps on the platform. It also allows for the deployment of smart contracts on the Tron network. The token’s popularity and demand have risen sharply since release. More importantly, this technology has distinguished Tron from others and ended competition with Ethereum.
2. Tron created the Tronwallet
Tron also launched its own wallet in 2018. The availability of this wallet was responsible for Tron’s separation from the Ethereum platform and put an end to its dependence on ERC20 tokens.
3. Tron was listed on Changelly
That’s a significant landmark as it’s not easy to get onto the platform. It illustrates the token’s viability and popularity. Now users have an outlet to buy TRX with fiat currency, which was previously impossible. This step has only strengthened Tronix’ popularity and investors’ beliefs.
4. Tron acquired BitTorrent
In 2018 Tron bought a leading torrent management service. By controlling this service, Tron is likely to push ahead in peer-to-peer entertainment sharing.
5. Tron developed MainNet
This step has created an environment where proprietary decentralized apps can be built. It has shown that the project has real intentions to create its own products.
To conclude, it must be said that a lot was done in 2018 to move the project forward. Over $166 million worth of TRX is traded on a daily basis now, making it one of the most attractive cryptocurrencies on the market.
TRX coin price prediction for 2019 by market analysts
Let’s take a look at what some crypto experts have suggested is a realistic price prediction for TRX.
“Tron, being one of the most surging cryptos, it has very good potential to grow in the market. Tron ranked 56th a few months back, but now it has secured the 10th position according to CoinMarketCap. As Tron is being emerged from Ethereum, there are good possibilities for it to reach 0.2 USD in the coming months” - declared CoinSwitch - the world’s largest cryptocurrency exchange aggregator, which supports 300+ coins and over 45,000+ pairs.
2. Azeez M
Azeez M – a trading professional, technical currency analyst and funds manager at Bitcoinexchangeguide warns that "Tron long-term projection is in a bearish trend", however.
3. Bitcoin Exchange Guide
The Bitcoin Exchange Guide News Team advised to hold the horses and wait for the project to develop deeper, with the ICO’s introduction to the blockchain, as there will be an opportunity to make a good profit at this stage.
“Rumors also say that the coin can reach $0.3 USD in 1 year so this is the right time to invest in it. One thing I also would say is that the coin may even lose its value to a certain extent in between but that will be the time where investors need not panic and stay calm and show patience” - states a Tron coin supporter at Uslifed, cryptocurrency community.
“Tron is a new project with a lot of potentials, and it has secured a lot of partnerships too. Its partnerships and advantages could play a vital role in its value in the coming weeks, months, and years” - writes Smartereum - a major source of cryptocurrency news and analysis.
6. Cryptoground.com posted their analysis:
Technical Analysis for 2019
Obviously, there are more positive projections on this coin; however, technical analysis for 2019 by Walletinvestor.com shows that TRX coin is a bad 1-year investment with a bearish trend.
According to their modelling above, a gradual drop in the price began in early 2019. Later in the year, TRX will hit the bottom and remain there indefinitely.
To sum up, it must be said that many experts state TRX is better considered as a long-term investment to be held 3-5 years or longer.
With that being said, further below you will find a fundamental analysis of the near future.
Tron price prediction 2019
Having brought many outstanding programs to life in 2018, the Tron project’s outlook is to continue its journey towards better development. An upcoming Atlas project evolution is designed to connect BitTorrent users, integrating them with Tron and earning them tokens for seeding this way. BitTorrent has already started accepting TRX as a payment method for premium services. Experts believe that massive production of decentralized apps will also begin this year. As a result, the surge in price is expected to be matching.
In January 2019, Tron held a conference with Kobe Bryant and other celebrities to support the project. There are also plans to improve TRX and Blockchain privacy in 2019.
“Privacy is important for the network. That's why I think next year, in Q1, we will adopt zk-SNARKs (zero-knowledge proofs) into our network. This is how we can improve privacy of the whole network”
– said Justin Sun.
Moreover, Tron has partnered with BitForex, Shiftmarkets and even the Chinese exchange OTCBTC. Such a partnership paves the way for TRON to remaining bullish for years to come, along with a target to attract more investors from payment platforms like PayPal.
Significantly, TRON Arcade, the gaming investment arm of TRON, announced a partnership with gumi Cryptos, a $30 million blockchain and crypto fund, to invest in projects using blockchain technology to transform how games are created.
The project’s roadmap declares Tron will continue to evolve over the next 20 years. With the first stage (Exodus) complete, attention is shifting to the content empowerment aspect. The main goal is to completely eliminate third parties from the process of digital content sharing as well as to create a suitable payment system for the project.
To make matters even better, it must be said there is a real possibility of a merger given Justin Sun’s relationship with Jack Ma, co-founder of the Alibaba Group.
Tron price prediction 2020
According to the project’s roadmap, 2020 will be the year when network upgrades will allow for ecosystem customization. It means that platform supporters will be able to launch their own ICO’s there.
Experts at CoinSwitch declare Tron could reach the projected value of $0.4 with the highest peak in July 2020, before declining to $0.24 by December.
Tron coin price prediction in 5 years
The team will continue working on security, wargaming scenarios to prevent bugs and attacks. Tron will also continue developing its gaming experience elements while taking over the functions of a gaming platform. Thus, TRX gamers will be able to enjoy all the perks of a decentralized ecosystem for playing games and gaining rewards for their achievements.
Hopefully, more and more organizations will be able to adopt Tron technology, which will result in the token adding value.
A CoinSwitch post suggests that the price could see 1536.75% growth over a 5-year investment period. This would equate to $0.54 in 2023.
What will the future bring for Tron?
So, according to some analysts, Tron has a great future and vast scope for development. Other experts declare that further movement is going to be bearish though.
However, one should not forget that Tronix has vast community support, counting more than 1m members from 100 countries. The project roadmap is quite promising as well and so much has been achieved to date. More and more accounts are created every day to back up Tron.
So, what will happen to the TRX price in the near future?
It’s difficult to say with precision. TRX seems to be a long-term investment, the price of which is almost impossible to predict clearly.
|TRX price forecast|
|Period||Best Case Scenario||Worst Case Scenario|
*Please pay attention, all the data above is collected from different sources. This article is not supposed to be any kind of financial advice. Before investing, please do your own research.