TRON Price Prediction: Will TRX Price Crash Below $0.1?

The Tron blockchain experienced significant growth in 2023, with its metrics nearly doubling throughout the year. By December, Tron had celebrated the milestone of achieving its 200 millionth account. The blockchain sparked increased interest early in the year when it announced support for its first Real World Asset (RWA), stUSD. In March 2024, Tron reached its all-time high Total Value Locked (TVL) at $10 billion, even though the TRX price remained below its peak levels. Furthermore, the blockchain maintains its status as one of the most active in terms of user engagement and transaction volume. Unlike many cryptocurrencies that debuted in 2017, Tron did not highlight innovations in cryptography or network architecture. Instead, it employed established technologies such as decentralized applications, smart contracts, tokens, and delegated proof-of-stake consensus—concepts introduced by earlier projects. Tron even made its technology compatible with Ethereum (ETH), which led to criticisms of excessively borrowing from its ideas.

Tron distinguished itself with a marketing strategy focused on Asia, prominently featuring its founder Justin Sun and translating its technical documents into more languages than typically done by other cryptocurrency projects.

The Tron Foundation, the non-profit behind Tron, significantly raised its profile in 2018 by acquiring BitTorrent, a trailblazer in peer-to-peer networking. In this article, we’ll explore Tron price prediction with an in-depth analysis of the TRX price forecast for each year and its current market sentiment.

TRON: A Quick Introduction

Leveraging blockchain technology and decentralized apps (DApps), the TRON network aims to advance the decentralization of the internet. Founded in September 2017 by H.E. Justin Sun, TRON has maintained strong performance since its mainnet launch in May 2018.

In July 2018, TRON expanded its ecosystem by acquiring BitTorrent, a leader in decentralized services with nearly 100 million monthly active users. By April 2021, TRON surpassed Tether on Ethereum to host the largest global circulating supply of stablecoins. In December 2021, it transitioned into a fully decentralized automated organization (DAO), governed entirely by its community.

Known commonly as TRX, the TRON Foundation has introduced TRONIX, the primary token of the TRON Protocol. On the TRON blockchain, TRX tokens are the basic accounting unit, with the value of all other tokens pegged to that of TRON. The ecosystem also includes tokens like BitTorrent (BTT), JUST (JST), USD Coin (USDC), Tether (USDT), and various NFTs, all of which utilize TRX as their medium of exchange. TRX connects the entire TRON ecosystem, facilitating numerous transactional and application-based scenarios on the chain.

TRON: How Does It Work?

The TRON Virtual Machine (TVM) is a compact, Turing-complete virtual machine designed specifically for the TRON ecosystem, aiming to provide a customized blockchain system that is efficient, stable, practical, secure, and scalable. TVM-compatible tokens are deployed through smart contracts using the TRC-20 technical standard, fully compatible with ERC-20.

TRON’s architecture is structured into storage, core, and application layers. The core layer consists of modules for consensus, account management, and smart contracts, utilizing a delegated proof-of-stake (DPoS) mechanism for consensus.

In the DPoS system, token holders vote for delegates who have the authority to make significant decisions impacting the network. Twenty-seven super representatives (SRs) are tasked with maintaining the transaction history within the TRON ecosystem. These SRs are elected every six hours, earning TRX coins in return for their services. A new block is created every three seconds, with the block producer receiving 32 TRX coins.

TRON employs an efficient instruction set within a stack-based virtual machine. Its smart contracts are programmed using Solidity and other advanced languages. The distinctive distributed storage protocol comprises Block Storage and State Storage, integrating a graph database to meet diverse real-world data storage needs.

Developers on TRON have the freedom to create various DApps and unique wallets, with limitless potential for utility applications through the deployment and execution of smart contracts. What distinguishes TRON further?

TRON’s network includes three types of nodes: Witness Nodes, Full Nodes, and Solidity Nodes. Witness Nodes, run by SRs, are responsible for block production, voting, and proposal creation. Full Nodes broadcast application programming interfaces (APIs), transactions, and blocks, while Solidity Nodes sync blocks from Full Nodes and provide indexable APIs, enhancing network functionality.

Benefits Of TRON

Users can engage in selecting super representatives by holding and staking TRX. This system also benefits content creators, enabling them to earn payment for their work while retaining full control over their creations.

TRON’s cryptocurrency ecosystem stands out because it allows content creators to monetize their work by sharing it with others, all while enjoying extremely low transaction fees—just $0.000005 on TRON’s decentralized digital platform.

Additionally, the TRON network facilitates rapid transactions, supporting up to 2000 transactions per second. In contrast, Bitcoin manages three to six transactions per second, while Ethereum handles 25.

TRX coins are available for trading around the clock, connecting global buyers and sellers. For those new to this field, it’s advisable to familiarize yourself with different cryptocurrency trading strategies before committing any significant funds.

TRON Price Prediction: TRX Historical Price Trend

Tron was established in 2017, successfully raising $70 million through an initial coin offering (ICO) from August 30 to September 1. The ICO, conducted in BTC, equated to approximately $0.0019 per coin at that time.

Following the ICO, Tron was listed on exchanges with an initial trading price of $0.002, as reported by CoinMarketCap.

The price remained stable until December 2017, when it began to surge due to Tron founder Justin Sun’s significant influence in China, which created substantial excitement around the coin.

The price reached an all-time high (ATH) of $0.3004, valuing the market cap at over $13.5 billion. However, this peak was brief, and the price quickly plummeted. After a temporary rally that formed a bull trap, Tron’s price declined along with the broader market through the end of 2018 and continued into 2021.

By the end of the year, the price had fallen back below $0.10. 2022 proved challenging for both TRON and the broader crypto market.

Market downturns, highlighted by the collapse of the Terra (LUNA) blockchain and the bankruptcy of the FTX (FTT) exchange, kept the price below $0.10 throughout the year, closing at $0.0545.

In 2024, TRX is showing commendable performance but still hasn’t surpassed its 2021 high, trading 45% below its all-time high.

TRON Price Prediction: Technical Analysis

TRX price rose above the moving averages, suggesting a possible easing of selling pressure. The price formed a high near $0.13; however, it failed to hold further as selling pressure rose. As of writing, TRX price trades at TRON price trades at $0.127, declining over 0.9% in the last 24 hours.  

A positive development for the bulls is their ability to prevent the price from falling back below EMA20 trend line, indicating an effort to transform these averages into support. Should the price break above $0.13, it could trigger a rally towards $0.14, a price point that may again draw sellers. 

This bullish outlook could be invalidated if the price significantly drops and remains below the moving averages. Under such circumstances, the TRX/USDT pair might decline to $0.11, and possibly further to $0.09. 

The 4-hour chart indicates that the bulls are actively maintaining the price around the 20-EMA. Success in this endeavor would suggest a shift to positive sentiment, with traders likely buying during pullbacks to the 20-EMA. 

TRON Price Prediction By Blockchain Reporter

TRON Price Prediction 2024

Tron is striving to reshape the landscape of media sharing and social networking by building a decentralized blockchain platform. It enables revenue sharing, allowing both creators and users to benefit from engaging with the network.

This innovation marks a substantial advancement over traditional social media platforms, highlighted by controversies such as the Cambridge Analytica scandal where user data was exploited and sold.

Tron offers a promising alternative, potentially setting the stage for a new narrative in the digital space.

According to a recent BusinessInsider report, Bank of America is optimistic about the financial markets in 2024, projecting a potential 19% increase in the S&P 500 by year’s end. Such growth could positively influence the cryptocurrency markets as well.

The upcoming Bitcoin halving in April 2024 is also anticipated to spark the next crypto bull market, according to several analysts.

However, Tron’s ascent in 2024 could be hindered by two primary risks: increased regulatory scrutiny and the possibility that the anticipated crypto bull market does not materialize.

Compounding these regulatory concerns, a Bloomberg report recently highlighted that Justin Sun, the founder of Tron, is navigating risky waters in China by facilitating access to the Huobi exchange for mainland investors, despite the country’s ban on cryptocurrencies.

This could lead to further complications for Sun and the Tron Foundation, potentially affecting the development of the Tron network.

TRON is expected to reach a minimum price of $0.1443 in 2024. According to our analysis, the highest price could be $0.1646, with an average expected price of $0.1495. 

TRON Price Prediction 2025

Tron distinguishes itself with a robust business development strategy that effectively draws top-tier companies to its network. The platform boasts partnerships with industry giants such as Samsung, Polinex, and Opera, among others.

Tron currently leads in daily active wallets, with an average of 3.19 million over the past 30 days, significantly surpassing Ethereum’s record high of 1.4 million active addresses. Beyond its focus on entertainment and media, Tron is also venturing into stablecoin development. In a recent tweet, Justin Sun announced Tron’s goal to boost its stablecoin market cap to $60 billion.

This initiative coincides with the launch of its algorithmic stablecoin, stUSDT. Despite the scrutiny following the collapse of the Luna Terra algorithmic stablecoin, Tron plans to enhance stUSDT with added collateral and transparency to mitigate similar risks.

stUSDT marks the first real-world asset on the Tron blockchain. Justin Sun views it as a pivotal link between traditional finance and decentralized finance.

Currently, Tron is the second-largest blockchain by Total Value Locked (TVL), trailing only behind Ethereum, and holds the largest amount of USDT, surpassing Ethereum in this regard as well.

These developments collectively underscore Tron’s substantial capabilities and its promising future in the blockchain ecosystem.

Our technical analysis of past TRX data suggests that in 2025, TRON’s price could be as low as $0.2076. It might peak at $0.2497, with an average value of $0.2151 throughout the year. 

TRX Price Forecast for 2026

For 2026, the TRON price is projected to bottom out at $0.3194. We predict a high of $0.3578, with the average price likely hovering around $0.3280. 

TRON (TRX) Price Prediction 2027

In 2027, our forecasts indicate that TRON might have a minimum price of $0.4635 and could reach a high of $0.5560, with an average mid-year price of $0.4766. 

TRON Price Prediction 2028

The predictions for 2028 show TRON reaching a low of $0.6891 and a high of $0.8145, with an average price of $0.7129 throughout the year. 

TRON Price Prediction 2029

In 2029, the forecast suggests that TRON’s price could start at a low of $1.00, reach up to $1.22, with an average of $1.04 across the year. 

TRON (TRX) Price Prediction 2030

TRON’s price is anticipated to be at least $1.49 in 2030, possibly reaching up to $1.74, with an average throughout the year of $1.53. 

TRON Price Forecast 2031

In 2031, TRON is expected to have a minimum price of $2.13 and may rise up to $2.59, with the year’s average price likely around $2.19. 

TRON (TRX) Price Prediction 2032

According to our analysis, TRON’s price in 2032 could range from a low of $3.18 to a high of $3.67, with an average trading price of $3.27. 

TRON Price Prediction 2033

Based on our forecasts, TRON’s price in 2033 might start at a minimum of $4.50, reach a maximum of $5.45, with an average trading price of $4.66 throughout the year. 

TRON Price Prediction: By Experts

According to the current TRON price prediction by Coincodex, the price of TRON is expected to decrease by -5.34% and reach $0.12119 by September 11, 2024. The technical indicators suggest a Bullish sentiment, while the Fear & Greed Index indicates Extreme Fear at a level of 25. Over the past 30 days, TRON has seen 16 out of 30 green days, with a price volatility of 3.92%. The forecast suggests it may be a favorable time to purchase TRON.

Additionally, considering historical price movements and BTC halving cycles, the TRON price prediction for the lowest value in 2025 is estimated at $0.112454, while the highest potential price for next year is projected at $0.424556.

According to Digital Coin Price, market analysts and experts forecast that TRX will begin 2026 at $0.38 and trade around $0.46, marking a significant increase from the previous year. This rise is viewed as an acceptable leap for TRON. By the start of 2030, the TRON Price Prediction and technical analysis indicate that the cost of TRON will reach $0.94, maintaining this price by the year’s end.

Additionally, TRX might achieve a high of $0.86 during the same period. The span from 2024 to 2030 is expected to be a critical phase for TRON’s growth.

Is TRX a Good Investment? When to Buy?

Tron, a Layer-1 blockchain, consistently records some of the highest transaction and user figures, despite its ranking outside the top 10 cryptocurrencies by market capitalization.

In 2024, its Total Value Locked achieved a new all-time high, although its price did not increase correspondingly. This discrepancy might indicate that Tron is undervalued.

It is also important to note that TRX does not have a maximum supply, which means the continuous issuance of new tokens could lead to the dilution of its supply and potentially depreciate the value of individual TRX tokens.

The most evident factor influencing Tron’s price is the broader market trend. Tron generally follows the overall market direction, rising and falling in tandem with other cryptocurrencies.

However, unlike many cryptocurrencies that reached new all-time highs during the last bull market, Tron did not. Despite boasting the highest number of daily active wallets and the second-largest total value locked (TVL), Tron ranks only 11th by market capitalization among all cryptocurrencies.

This could be attributed to regulatory concerns and leadership issues surrounding the project. Tron and its founder, Justin Sun, have been involved in several controversies since the project’s launch. As a result, market sentiment may be weighing down TRX’s price, despite the project’s solid performance.

It is advised to invest in TRX at a price of $0.1 for a profitable return in the long term.

Conclusion

Predicting the future of any cryptocurrency and blockchain is challenging. Tron, like many other blockchains, has been transitioned to a non-profit decentralized autonomous organization (DAO) known as Tron DAO. This organization seems to be actively involved, hosting events like HackaTron, where blockchain developers compete to create decentralized applications.

In May 2024, Tron DAO revealed that Google Cloud had become one of its “super representatives,” the trusted network nodes responsible for proposing new blocks on the blockchain. These representatives are elected by the network after paying 9,999 TRX to qualify as candidates.

Tron seems to have an active, though modest, community, a supportive and engaged DAO, and continued investor interest. As long as there is enthusiasm for sustaining the project, TRX and Tron are likely to maintain their standing.