Tron (TRX) Price Prediction for 2024, 2025 And 2030 – Forbes Advisor INDIA

The idea behind Tron is that digital content platforms like iTunes or YouTube have excess control over their content creators and developers. Blockchain technology enables a speedy, secure, decentralized data distribution platform free from censorship. The TRX crypto was designed to power the network and motivate influencers. TRX platform seeks to provide its users with a reasonable distribution of the income generated by their content.

Tron (TRX) Price Prediction

According to the CoinMarketCap data, Tron currently ranks 9th on the list of the best cryptocurrencies. It is one of the most significant altcoins in the crypto world. Tron’s price shows a determined upward journey amidst the highly volatile crypto market. Further, being the second most significant player in the DeFi world, TRX is making an immense comeback after the bear market 2022.

Tron Historical Price

As of Oct. 29, 2024, TRX’s price is $0.1598, and its market capitalization is $13.82 billion. Let’s take a look at Tron.

Historical Data

TRON was launched in 2017, a decentralized blockchain-based operating system developed by the Tron Foundation. Originally, TRX tokens were ERC-20-based deployed on Ethereum, but a year later, they were moved to their network.

Tron Price Prediction 2024

According to Coincodex, in 2024, TRX is foreseen to change hands in a trading channel ranging between $0.126859 and $0.162621, leading to an average annualized price of $0.139395. This could result in a likely return on investment of around 2.01% compared to the current rates. As of Oct. 29, 2024, TRX is trading at $0.1641.

As of Oct. 29, 2024, TRX is 97% bullish and 3% bearish, indicating bullish sentiment, according to Coincodex, with 28 technical analysis indicators signaling bullish and 1 bearish signal.

According to Binance, 35.48% of the 62 users’ ratings for TRX are bullish, and 4.84% are bearish on Tron, indicating an overall bullish sentiment. 

Also Read: How to Buy Tron (TRX)?

Tron Price Prediction 2025, 2026…..2030

According to Binance’s price prediction for Tron, the value of TRX may increase by 5% and reach $ 0.213541 by 2030.

According to Coincodex prediction, TRON is projected to increase over the next several years, with prices likely reaching $1.182495 by 2029. This projects a 641.70% gain from its current value of $0.1642 as of Oct. 29, 2024. The long-term prediction suggests a bullish trend, with potential highs of $1.182495 and lows of $0.126859 over the years.

Utkarsh Tiwari, chief strategy officer of KoinBX, believes Tron’s price trajectory is expected to align with its growing utility in the decentralized finance and entertainment sectors. “By 2026, as adoption increases and blockchain use cases diversify, we may see Tron solidifying its position within the top-tier cryptocurrencies. Looking further into 2030,  technological advancements and market maturity could propel Tron to new heights, especially as decentralized applications continue reshaping digital ecosystems,” said Tiwari.

All-Time High & Low of Tron (TRX)

As of Oct. 29, 2024, TRX is trading at $1.641 with a market capitalization of $14.19 billion. TRX was launched in 2017 and hit its all-time high at $0.3004 on Jan. 05, 2018, seven years ago. It is currently down by 45.35% from its peak.

On the other hand, TRX was at its extreme low of $0.001091 on Sept. 17, 2017, seven years ago. According to CoinMarketCap data, it is up by +14943.32% as of Oct. 29, 2024. 

Does Tron (TRX) Have A Future?

Tron is one of the fastest-moving public chains, with around 2,000 transactions per second and 67 million accounts. It has 2.72 billion transactions and 67 million accounts. TRON has many popular partners, including Samsung. This crypto has a shining future. 

According to Cryptonewzs’ forecast for Tron, the maximum price for TRX is $7.00, and the minimum price is around $4.00. The average prediction for 2025 is around $5.50. This forecast projects possible growth and a role in future decentralized internet and content creation platforms. 

Will Tron Ever Reach $10

Ryan Lee, chief analyst at Bitget Research, expressed her opinion that Tron will not reach $10. First, if Tron reached $10, its total market capitalization would soar to $1 trillion. This would place it on par with Bitcoin’s market value and represent approximately 3-4 times Ethereum’s current market capitalization. The current market liquidity is insufficient to support a market cap of this magnitude, making it highly unlikely that Tron could sustain such a price.

Second, the SEC has sued Tron’s core founder, Justin Sun, for allegedly issuing securities illegally. As a result, the chances of launching a Tron exchange-traded fund (ETF) are nearly zero. Under these circumstances, traditional financial institutions are unlikely to consider making large-scale investments in Tron.

Will Tron (TRX) Ever Reach $1?

According to Coinpedia, the analysis predicts a potential high of $1.10 for the TRX coin price in 2030. Although, with increased adoption and rising demands, the price can reach $1.5. Despite the bright future, TRX will face challenges in reaching $1. Some of the challenges would be:

• Competitive pressure comes from other blockchains, such as Ethereum, Polkadot, and Cardano, which have large developer communities and resource advantages.
• Regulatory difficulties remain if governments restrict cryptocurrency usage or implement new rules around decentralized applications. Increased scrutiny could also dampen growth.
• Volatility in crypto nature is inevitable, as seen from past crypto winters. One uncertain macroeconomic event can lead to a sudden price drop, impairing TRX momentum in the short term.

To reach $1, TRON would need to rise by around 525.38%. According to the Coincodex prediction algorithm, it will hit $1 in March 2029.

Bottom Line

The long-term Tron price prediction appears favorable. Most crypto platforms suggest a bullish TRX price prediction, potentially forecasting it to reach an average price of around $0.665 by 2030. According to Cryptonewz, price prediction for TRX will trend upward over the next few years if broader market conditions remain promising.