Tron (TRX) decreased slightly in 2022, despite the crypto bear market. Is TRX a Buy, Sell, or Hold? CAPEX looks at TRX's price predictions for 2023 and beyond.
Tron (TRX) is one of the major altcoins and it offers an attractive investment option for those looking for special projects. Tron is one the most unique cryptocurrency out there, making it an attractive option to look up.
Originally, the Tron network was created to facilitate the sharing of digital content. However, over time, the network’s purpose has evolved, and it now aims to accelerate the decentralization of the internet. Tron still believes that it can be a peer–to–peer transaction medium that will help eliminate the middleman and democratize Web3.
In 2022, Tron prices have not plunged alongside the broader cryptocurrency market. Tronix lost only 28% of its value since the beginning of 2022. This is remarkable, considering that most crypto assets dropped by around 70%.
But what can we expect from Tron in the future? Will the TRXUSD price rebound in 2023? Will the Tron price surge or plunge in 5 years?
This article aims to address all the queries related to Tron price prediction for 2022 and beyond, fundamentals, and technical updates.
Summary of Tron TRX Forecast & Price Predictions
- Tron TRX price prediction today: the actual rally should face strong resistance at 0.065 and send the price back towards 0.050 levels during the first quarter as per charts and experts.
- Tron TRX price prediction 2023: while most experts forecast TRX coin can target 0.10 during the year, others said crypto winter could extend into 2023 and push Tron TRX price below 0.04.
- Tron TRX price prediction 2025-2030: most analysts point out that crypto investors will shift focus from speculative trading to the development and adoption of blockchains and applications powered by tokens with utility and cash flows.
Tron (TRX) Overview
Justin Sun, a tech entrepreneur, created the Tron network in 2017. Tron was launched via an initial coin offering (ICO) that collected over $70 million. Today, Tron is one of the most popular altcoins on the crypto market and it ranks in the top 30 cryptos.
Tron is a protocol that aims to accelerate the decentralization and use of blockchain technology and decentralized apps (DApps) for the Internet. The TRON network was founded in 2017 and has been focused on two goals – empower developers and internet users. TRON network completed decentralization in December 2021. It is now a community-governed DAO that is focused on creating an Internet for everyone.
It’s worth noting that the original purpose of the Tron network was to create a decentralized blockchain platform that is specifically designed for entertainment and content. But as of 2023, the narrative has shifted, and the Tron DAO team has bigger goals.
The cryptocurrency TRX powers the Tron network. TRX facilitates frictionless payments, and it is commonly used for crypto transactions.
Related: How to Buy Tron (TRX)
Tron's price hasn’t seen the effects of the 2022 crypto crash, dropping only 28%.
In the beginning, the entity guiding the development of the Tron network was the TRON Foundation, which was based in Singapore. Its founder, Justin Sun, has been included in the Forbes list of 30 Under 30 in Asia. On December 17, 2021, Justin Sun announced that he would leave TRON. The TRON Foundation stated that it has settled for dissolution on July 25, 2022.
Although Justin Sun has stepped down from his CEO role, he continues to get involved in the actions of TRON DAO, and that gets a lot of media attention.
But as Web3 emerged, the TRON Foundation restructured into TRON DAO.
TRON DAO is a way for users to participate in governance and decision-making. TRON DAO is a tool that can help to build consensus among the community, increase user engagement, and make the decision-making process more transparent and secure.
TRON is the first public blockchain to become a DAO (Decentralized Autonomous Organization). This gives TRON an advantage over the other competitors in this space. This eventually makes TRON a fully decentralized, self-governing organization.
As of December 2022, the number of TRON nodes has surpassed 5,500 worldwide, and the total number of TRON accounts is over 115 million. TRON has a multitude of decentralized projects, including stablecoins and wallets, storage, trading, liquidity mining, lending, cross-chain applications, Oracle, social media, games, and more.
With 2022 already looking like another roller-coaster period for digital currencies, CAPEX looks at Tron’s price predictions from best-rated websites and experts.
Tron Price Prediction 2023 and beyond
Tron (TRX), like any other cryptocurrency, experiences a fair share of volatility and the future growth rate of the TRX coin is hard to predict.
TRON's price momentum could also have steady but slow growth. This is entirely dependent on the dedication of members of the Tron DAO.
Tron’s price has always been a controversial topic. With the community now directly involved in the decision-making process, we can expect more investors to join the project. Having a few institutional investors on their side could help push the price upwards.
As of December 2022, Tron (TRX) trades at around $0.054. But most expert price forecasters are only slightly optimistic about Tronix’s future development.
Tron Forecast 2023
TRX price prediction site Wallet investor suggests that Tron’s price might drop throughout the year, reaching an average of $0.0424 by December 2023.
DigitalCoin is more optimistic about its Tron forecast. It predicts that the price of TRX will be around an average of $0.13 by the end of 2023.
The long-term forecast for Tron from Price Prediction shows that the coin has a growing trend. Tronix (TRX) could reach an average of $0.080 by the end of 2023.
CryptoPredictions is less optimistic and forecasts that TRX will continue to drop slowly next year. The website has set an average Tron price target of $0.064 in 2023.
According to Long Forecast, Tron will drop in 2023. TRX can reach an average of $0.038 in 2023.
The average consensus price for 2022 is $0.07, which makes Tron one of the best cryptocurrencies to buy in 2022. With expectations of rising around 30% by the end of the year, Tron is included in the top 5 cryptocurrencies to explode in 2022.
It's important to remember that analysts’ forecasts can be incorrect when predicting Tron prices. Analysts make projections based on a technical and fundamental analysis of the crypto's performance. However, past price performance does not guarantee future results.
You should do your research and remember that trading decisions are influenced by your attitude towards risk, market knowledge, and your tolerance for losing money. The consensus, when it comes to crypto, is to not invest more than you can afford to lose.
Tron Price Prediction Today – Should You Buy Now or Wait for New Lows?
Although celebrity endorsements are not new in the cryptocurrency space, they are particularly relevant to Tron. Justin Sun, the former CEO of the Tron Foundation, is still endorsing the network. Online publicity helps to create awareness about the network.
Other celebrities endorsed the Tron network on Twitter and Sun denied having paid them. However, the young CEO successfully positioned the Tron network as an Ethereum competitor.
Given all the positive news, TRX’s value could rise in the future and
As of December 2022, the market capitalization for Tron (TRX) is around $4.98 billion. The price of Stellar lumens is $0.054. It ranks among the top 15 cryptocurrencies. There are 91.98 billion TRX coins in circulation, from a total of 100 billion.
Tron TRX chart shows a triangle breakout at the beginning of the year, signaling that an uptrend is more likely.
Triangles are like wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
Traders can measure the vertical distance at the beginning of the triangle formation and use it at the breakout to forecast the take profit level. Usually, traders place a large stop loss below the support of the pattern or a tight stop loss after small corrections or consolidations to mitigate downside risk. The idea behind this is that the price might return to confirm the breakout and in case the support will fail, a strong downward movement is more likely.
According to the chart pattern and technical analysis tenets, the target is the hight of the triangle, or 0.10 in this case.
While we can speculate about the potential price of Tron over the next months and years, the truth is that Tron still is a highly speculative investment. There are not much historical data to support these crypto predictions. It is important to invest only what you are willing to lose and include some traditional investment instruments to build a strong portfolio.
Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.
Tron Price Prediction 2025
There are indications that the crypto market is entering a new era.
There is no doubt that TRX's long-term price prediction will rise as there is still optimism about the currency attracting more attention.
Long-term price predictions do not always reflect long-term earning potential. It is important to analyze the potential financial consequences of this investment to determine if it is a wise financial decision. According to the latest TRX price predictions, Tronix could reach an average of $0.11 or more by the end of 2025. DigitalCoinPrice has the most optimistic forecasts and predicts that the price of TRX could reach $0.13 by 2025.
Tron Price Prediction 2030
Are you expecting Tron to rise in value? The same applies to Tron price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of Tron. The world of 2030 may be quite different from what we see now. What does 2030 hold for Tron?
Most expert forecasters are not offering any TRX price predictions for 2030. From the few that do, the price forecasts are optimistic, saying that Tronix could trade at an average of $0.90. The most optimistic forecaster is PricePrediction, which predicts that Tron’s price could reach $1.04 by 2030.
Is It Possible to Forecast the Price of Tron (TRX)?
Many price predictions for Tron (TRX) are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.
The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.
- Technical Analysis
- Fundamental Analysis
- Sentimental Analysis
Tron Forecast using fundamentals
Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price.
You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies.
Fundamental analysis can help traders determine the price of a cryptocurrency based upon a wide range of information. This could be a great way to make long-term investment decisions.
How to conduct a Tron (TRX) price prediction today using fundamentals?
Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token.
Do not confuse the fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data.
The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets.
The following parameters can be used to help investors predict trends in crypto markets:
- Market capitalisation
- Total and circulating supply
- Token utility and use cases
- Community size
- The team of the crypto project
- The crypto's trading volume
- Crypto exchanges listings
- Partnerships with trusted institutions
- The latest news about the coin
- Government rules and regulations
It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper.
You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes.
Tron (TRX) Forecast using technical analysis
Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately.
Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart.
The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market and using technical analysis tools is a popular technique for doing so.
Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.
In general, technical analysts look at the following broad types of indicators, formations, and theories:
- Price trends (trendlines, channels, Elliott Waves, Dow Theory)
- Chart patterns (double tops and bottoms, head and shoulders, triangles, wedges)
- Price action (pin bar, inside and outside bars, and different candlesticks chart patterns like Doji candle)
- Trend following indicators (moving averages, Ichimoku, Parabolic SAR, ZigZag, ADX)
- Volatility indicators (Bollinger bands, ATR)
- Oscillators (RSI, MACD, CCI, Stochastic)
- Support and resistance levels (Fibonacci retracements, pivot points)
The Moving Average Convergence Divergence (MACD) oscillator is used by traders and analysts to determine momentum in cryptocurrency and other financial markets.
Traders and analysts utilize a range of technical indicators to recognize chart patterns and forecast potential changes in the trend direction.
On the chart, it appears as two oscillating lines with no limits. As shown in the TRX daily chart example above, the crossover of the two lines generates trading signals like a two-moving-average strategy.
- The indicator is considered bullish when the MACD line crosses from below to above the signal line. The signal becomes stronger as it descends below the zero line.
- The indicator is considered bearish when the MACD line crosses from above to below the signal line. The signal becomes stronger as it rises above the zero line.
- When the MACD and price action diverge, it is a stronger indication that reinforces the crossing signals.
Tron Price Prediction Using Market Sentiments
In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency.
How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based upon real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment).
For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, community analysis, and whale monitoring.
The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.
A sentiment index is used to predict whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell.
Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms.
Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly.
Tron Historical Prices
Tron's price has been rising and falling since the project’s launch in 2017. However, Tron really began to gain traction in 2020.
The company's most significant announcements over the past few years included the acquisition of BitTorrent and the dissolution of Tron Foundations.
Tron has a history of buying the rumors and selling the news. Tron’s all-time high value was reached on January 5, 2018, at $0.2316.
Before the official announcement of the BitTorrent acquisition, many rumors circulated on social platforms, which accounted for TRX's price reaching its second-highest point, in 2018, at $0.09.
Other factors that have affected Tron’s price include good partnerships.
Tron traders have become accustomed to following Tron’s former CEO, Justin Sun, on Twitter to see big announcements.
Tron also saw a significant price move in 2020, with the Tron Foundation continuing to make developments on the platform. Tron attempted to set a record in 2021 but failed.
As of December 2022, the circulating supply of Tron is 91.98 billion TRX. Tron's current price is $0.054. According to CoinGecko, Tron’s all-time high value was reached on January 5, 2018, at $0.2316.
Is Tron worth buying in 2023?
Tron represents one of the most used blockchains for peer-to-peer transactions and aims to facilitate users' transitions towards Web3. The Tron DAO community is continuing to improve Tron and promotes it as the best-decentralized blockchain.
How high can Tron go in 2023?
Most cryptocurrency forecasters have made optimistic predictions for Tron’s price in 2022. One of the most optimistic forecasts is $0.11, by TradingBeasts.
Most cryptocurrency expert price forecasters are only slightly optimistic about Tronix’s future development. One of the most optimistic forecasts is $0.13, by DigitalCoinPrice.
Will Tron crash in 2023?
According to most experts and prediction websites, Tron has a low chance of crashing in 2023.
Does Tron have a future?
Tron aims to revolutionize the way individuals use the internet and aims to become an essential part of Web3. Tron network is used intensively for peer-to-peer blockchain transactions.
What will Tron be worth in 5 years?
What will Tron be worth in 2025?
According to the latest TRX price predictions, Tronix could reach an average of $0.11 or more by the end of 2025. DigitalCoinPrice has the most optimistic forecasts and predicts that the price of TRX could reach $0.13 by 2025.
What will Tron be worth in 2030?
Predicting the price of any cryptocurrency so far off into the feature is often impossible, but according to PricePrediction, the average price of Tron (TRX) could reach $1.04 by 2030.
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