Tron Price Prediction 2023, 2024, 2025, 2030

Tron is a decentralized layer-one blockchain with a focus on media and entertainment. It was founded in 2017 and has become a top 15 crypto by market cap and also boasts the highest number of daily active wallet addresses.

However, a degree of controversy and FUD hangs over the project. In this Tron price prediction, we dive deep into what Tron is, whether the FUD is deserved, and where we think the price is headed between 2023 and 2030.

Tron Price History

Tron was founded in 2017, initially undergoing an initial coin offering (ICO) which raised $70 million between 30 August to 1 September. The ICO was denominated in BTC, but it was equivalent to roughly $0.0019 per coin at the time.

The project went live on exchanges following the ICO, with an initial trading price of $0.002, according to CoinMarketCap.

Until December 2017, the price remained relatively flat. However, the price began to surge in December due to the Tron founder Justin Sun’s connection in China generating massive hype.

The price peaked at an ATH of $0.3004, reaching a staggering market cap of over $13.5 billion. However, this was short-lived, with the price almost immediately crashing back down. Following this, the price of Tron temporarily rose, creating a bull trap, before dumping with the rest of the market throughout the remainder of 2018 until 2021.

However, Tron could not regain its 2018 ATH in the 2021 bull market, instead peaking at $0.1573.

Nevertheless, Tron has held up relatively well throughout the latest bear market, down less than 50%, priced at $0.07841 from its 2021 highs and 73% from its ATH.

Zooming in on the Tron price chart below, it shows TRX is trading in an uptrend over the past year. In June, Tron crashed following the SEC’s crackdown on crypto but has since recovered most of its losses.

Tron price history key points:

• Tron launched via an ICO in 2017 at a price of $0.0019.
• The price surged to an ATH of $0.3004 in January 2018.
• TRX pumped in the 2021 bull market but peaked at $0.1573, unable to reclaim its ATH.
• Currently, Tron is down 73% from its ATH, priced at $0.07841.

Tron Price Prediction 2023

In the last year, Tron has climbed 15%. Following its bull market peak, the price created lower highs before finding support at $0.047. As seen on the TRX price chart below, the price initially touched the level in June 2022 but rejected on the same weekly candle.

Despite bouncing, the price continued to push down in the weeks following, revisiting the level in November 2022. However, Tron has since bounced and formed an ascending channel. Currently, it looks as though Tron is heading towards the $0.093 resistance level.

With this in mind, Tron’s short-term price chart looks bullish, but it is also important to consider its fundamentals.

One of the main upcoming events and drivers behind the recent bullish momentum is the Tron Periander upgrade, which is expected to be implemented in the coming days. The upgrade will bolster Tron’s blockchain in several ways, ranging from bolstering Ethereum virtual machine (EVM) compatibility to revamping its P2P network model.

However, the creator of Tron, Justin Sun, and the Tron Foundation have been sued by the SEC for selling unregistered securities. Looking ahead, this could strain the Tron price, but TRX has managed to climb despite this in recent weeks.

Another thing worth considering is the current macroeconomic factors at play. Earlier this year, the Federal Reserve announced there would be two more interest rate hikes this year. This will inadvertently cause the price of all cryptocurrencies (including Tron) to fall.

According to new findings, investors are not factoring in the possibility of rate hikes. This means that if the FED does raise interest rates, it could have a profound impact on financial markets.

Therefore, Tron’s 2023 price ultimately depends on macroeconomics and advancements in the SEC’s action against the project.

With this in mind, our Tron price prediction forecasts possible lows of $0.05, highs of $0.09 and an average price of $0.07 by the end of 2023.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

Tron Price Prediction 2024

Tron aims to become a decentralized blockchain for all media sharing and social networking. The platform facilitates revenue sharing where creators and the audience benefit from using the network.

This presents a significant step forward from what is currently available through traditional social media sites. As was brought to light in the Cambridge Analytica scandal, social media users’ data is often harvested and sold to the highest bidder.

Tron presents an exciting alternative to this notion, and a narrative could easily build around it in the future.

A recent report by BusinessInsider found that the Bank of America is bullish on the financial markets in 2024. The article found the S&P500 could increase by up to 19% by the end of 2024. This would undoubtedly be bullish for the crypto markets too.

Another factor to consider is that the Bitcoin halving is set for April 2024, leading many analysts to predict the next crypto bull market to occur in 2024.

However, the two main risks that could prevent Tron from climbing in 2024 are regulatory scrutiny and if the crypto bull market does not occur.

Adding fuel to the regulatory fire, a recent Bloomberg report found that Justin Sun is taking risks in China. According to the report, the Tron founder is helping provide mainland China investors access to the Huobi exchange despite cryptocurrency currently being banned there.

This could spell further issues for Sun and the Tron Foundation down the line, which could impact the Tron network’s development.

Still, we maintain an overall bullish outlook for Tron in 2024, considering its ongoing upgrades, unique use case and the overall bullish market sentiment. With this in mind, our Tron price prediction estimates possible lows of $0.071, highs of $0.12 and an average price of $0.096 by the end of 2024.

Tron Price Prediction 2025

One of Tron’s strengths is its business development strategy and ability to attract the highest caliber of companies to build on its network. The project has partnerships with Samsung, Polinex, Opera and many more.

Currently, Tron has the highest number of daily active wallets, averaging 3.19m active wallets over the previous 30 days. To put that into perspective, the highest number of active addresses on Ethereum ever recorded is 1.4 million.

As well as focusing on entertainment and media, the Tron network has begun focusing on stablecoin development. In a recent tweet, Justin Sun highlighted that Tron aims to increase its stablecoin market cap to $60 billion.

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.

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.

Tron is the second-largest blockchain by TVL behind Ethereum, and it currently holds the highest amount of USDT, ahead of Ethereum.

Overall, these factors display significant strength for the Tron ecosystem and provide it with lots of potential looking ahead.

Therefore, our 2025 Tron price prediction estimates possible lows of $0.1, highs of $0.22 and an average price of $0.16 by the end of 2025.

Considering its network activity and TVL, there is potential for Tron to climb higher, but our prediction forecasts a range that Tron can sustainably trade in.

Tron Price Prediction 2030

One of the reasons for Tron’s long-term potential is that it supports Ethereum’s Solidity programming language. This means it is easy to transfer code, applications and assets between the chains, making it easy for Ethereum developers to build on Tron.

Another benefit to Tron is that it offers transaction fees of a fraction of a cent, as compared to Ethereum, which can be hundreds of dollars to make one transaction.

That said, Tron is relatively centralized, with just 27 “Super Representatives” (network validators).

This could make Ethereum layer two solutions a better alternative to Tron, particularly for users prioritizing decentralization. An example of a potentially better alternative might be Polygon. In our Polygon price prediction, we broke down its new zkEVM scaling solution, which is decentralized and will help reduce the cost of transactions.

Nevertheless, Tron’s TVL and network activity prove it to be a formidable chain and could make it one of the best long-term cryptos.

With that in mind, our 2030 Tron price prediction estimates potential lows of $0.12, highs of $0.26 and an average price of $0.19.

Possible Lows and Highs of Tron’s Price

Although Tron aims to be an entertainment and media blockchain, it has recently seen considerable stablecoin adoption. This propels it to become one of the best DeFi cryptos. With this in mind, we have listed our predicted lows and highs for the price of TRX below.

What Do Other Analysts Predict for Tron

To better understand where Tron is headed, we have compiled the predictions from various analysts below.

What is Tron and What is it Used For?

In recent years, Tron has grown into one of the highest TVL chains boasting countless DeFi projects due to its low transaction fees and partnerships with global brands.

The blockchain uses a delegated Proof-of-Stake consensus mechanism, with 27 Super Representatives acting as validators. From the 27 validators, one is selected to maintain the network every six hours and receives the Tron coin in return.

Besides this, TRX is used for staking, governance, transaction fees and paying content creators.

One of the exciting things about Tron is that it has a built-in burning mechanism, causing its supply to be deflationary. In 2021, 101 billion TRX tokens were in circulation, but there are just 89 billion today.

Tron Overview

What Influences the Price of Tron?

The most obvious price driver for Tron is the broader market movement. Tron aligns with the rest of the market to some degree, climbing and falling alongside other cryptocurrencies.

That said, while many cryptos gained new ATHs in the last bull market, Tron could not. Moreover, despite having the highest number of daily active wallets, and the second-highest TVL, Tron is only the rank 11 by market cap of all cryptos.

This may be due to regulatory concerns and issues regarding the project’s leadership. Tron and its founder Justin Sun have been involved in multiple controversies since the project’s inception. Consequently, the market sentiment could be surpassing the TRX price, despite the project’s strong performance.

However, its considerable network activity and notable use cases could fuel the price to pump once the market picks up. Adding to this, the deflationary supply could further drive growth.

Is Tron a Buy?

Tron is a highly scalable blockchain that has seen impressive amounts of adoption and partnerships with global brands. However, it faces several issues regarding regulation, leadership and investor sentiment.

While it could prove one of the best cryptos for the next bull run, it also carries several risks investors must remain aware of.

Conclusion

Our TRX price forecast found that the project features diverse use cases and strong adoption. Still, its risks must be considered. Tron already has a large market cap, and regulators and industry experts have cited concerns. Therefore, other cryptocurrencies may provide better upside potential.

With this in mind, we have compiled a list of the top trending cryptos to consider in the current market – check them out today.

Cryptoassets are highly volatile and unregulated in most EU countries, Australia and the UK. No consumer protection. Tax on profits may apply. Your capital is at risk.

References

https://www.forbes.com/sites/jessedamiani/2017/12/14/crypto-watch-tron-trx-price-surges-over-500-in-a-week-outperforming-btc-ltc-and-eth/

https://www.theguardian.com/technology/2023/jun/06/sec-crypto-crackdown-us-regulator-sues-binance-and-coinbase

https://www.sec.gov/news/press-release/2023-59

https://www.ft.com/content/d3b06ad6-6b96-42bb-9fac-ebe1b8dc7fa6

https://www.theguardian.com/technology/2019/mar/17/the-cambridge-analytica-scandal-changed-the-world-but-it-didnt-change-facebook

https://markets.businessinsider.com/news/stocks/stock-market-outlook-2-bullish-signals-record-highs-march-2024-2023-5

https://www.cnbc.com/2022/02/21/bitcoin-btc-bull-market-may-not-return-until-2024-huobi-co-founder.html

https://www.bloomberg.com/news/articles/2023-03-31/tron-founder-justin-sun-steers-huobi-toward-chinese-crypto-traders

https://www.bloomberg.com/news/articles/2022-06-05/tron-modifies-usdd-stablecoin-to-avoid-woes-of-terrausd

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Elliott Lee

Elliott Lee

Elliott is a British cryptocurrency journalist and copywriter. Having spent the past couple of years immersed in everything crypto, he now spends his time researching the most impactful cryptocurrency trends. He looks for projects with long-term visions and is a huge believer that blockchain technology can solve the world's most pressing issues.

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