TRON Price Prediction (2024)

TRON (TRX) is a blockchain-based decentralized platform that aims to build a global digital content entertainment system. It was founded by Justin Sun in 2017. The TRON network seeks to eliminate intermediaries and enable direct interaction between content creators and consumers. It provides a platform for the development and distribution of decentralized applications (dApps) in various industries, including gaming, social media, entertainment, and more.

The TRON network was founded by Justin Sun. He is a Chinese entrepreneur and the founder of the TRON Foundation. Justin Sun previously worked as the Chief Representative of Ripple (XRP) in Greater China before venturing into the blockchain space.

TRON was officially launched in September 2017, and Justin Sun played a key role in its establishment and development. Since its inception, TRON has gained significant attention and has become one of the prominent blockchain platforms in the industry.

The TRON network is secured through a delegated proof-of-stake (DPoS) consensus mechanism. DPoS is a consensus algorithm that aims to combine the benefits of both decentralized and centralized systems.

In the TRON network, there is a set of 27 Super Representatives (SRs) who are elected by TRX token holders through voting. These SRs are responsible for validating transactions and producing new blocks. They play a crucial role in maintaining the security and integrity of the TRON blockchain.

SRs validate the transactions within each block to ensure their accuracy and integrity. Verifying transactions prevents fraudulent or invalid transactions from being included in the blockchain.

TRON token holders have the power to vote for SR candidates. This mechanism helps maintain decentralization and allows token holders to have a say in the network's governance. Token holders can vote for their preferred SR candidates and participate in decisions related to network upgrades, protocol changes, and other governance matters.

One of the notable features of TRON is its focus on scalability and high transaction throughput. It employs a delegated proof-of-stake (DPoS) consensus mechanism, which allows for fast transaction confirmation and high network capacity.

TRON gained attention for acquiring BitTorrent, a popular peer-to-peer file-sharing protocol, in 2018. This acquisition aimed to leverage BitTorrent's vast user base and integrate blockchain technology into its ecosystem.

TRON ecosystem encompasses a wide range of industries, including entertainment, gaming, social media, finance, and more. The TRON ecosystem aims to provide a decentralized infrastructure for content creators, developers, and users to interact and engage with digital content and services.

The TRON network can be conceptualized as having several layers that work together to enable its functionality.

The application layer is the topmost layer of the TRON network. It consists of decentralized applications (dApps) built on the TRON blockchain. These dApps offer various services and functionalities to users, such as gaming, social media, content sharing, decentralized finance (DeFi), and more. The smart contract layer is where the TRON Virtual Machine (TVM) operates. It executes smart contracts and decentralized applications on the TRON blockchain. Smart contracts enable the automation and enforcement of predefined rules and conditions within the TRON ecosystem. The consensus layer handles the consensus mechanism used by the TRON network. TRON employs a delegated proof-of-stake (DPoS) consensus algorithm, where Super Representatives (SRs) validate transactions and produce new blocks. The consensus layer ensures the security and integrity of the blockchain. The network layer is responsible for the communication and connectivity between nodes in the TRON network. It handles the transmission of data, including transactions and blocks, across the network. The network layer enables nodes to synchronize and maintain a consistent view of the blockchain. The core layer encompasses the core protocols and fundamental components of the TRON network. This includes the TRON protocol, data structures, cryptographic algorithms, and other essential elements that enable the functioning of the blockchain. The core layer forms the foundation upon which the other layers are built.

The TRON ecosystem hosts a variety of decentralized applications developed by third-party developers. These dApps span different categories, including gaming, gambling, social media, decentralized finance (DeFi), and more. Examples of popular TRON dApps include BitTorrent, TRONbet, and TRON Arcade.

The TRON blockchain allows for the creation and issuance of custom tokens, enabling businesses and projects to tokenize their assets or create utility tokens within the TRON ecosystem.

The TRON Virtual Machine is a lightweight, Turing-complete virtual machine that executes smart contracts on the TRON blockchain. It provides a secure and efficient environment for running decentralized applications.

The TRON Foundation, headed by founder Justin Sun, oversees the development and growth of the TRON ecosystem. It provides support to developers, facilitates partnerships, and drives the adoption of TRON technology.

TRON ecosystem includes various protocols and standards built on top of the TRON blockchain. For example, the TRC-20 and TRC-721 standards are similar to ERC-20 and ERC-721 standards on the Ethereum blockchain, respectively. These protocols enable the creation and interoperability of tokens and assets within the TRON ecosystem.

According to the latest statistics from 2023, 60% of all the USDT tokens are running on the TRON network.

The TRON network operates on its native cryptocurrency called TRX. TRX is used for various purposes within the TRON ecosystem, such as paying for transaction fees, accessing and utilizing dApps, rewarding content creators, and participating in the network's governance.

The TRX token has a total supply of 89,784,344,694, and as of July 15, 2023, all the tokens are in current circulation. TRON (TRX) can be purchased on various cryptocurrency exchanges. Some popular exchanges where TRON is listed include Binance, Coinbase, Kraken, Bittrex, Huobi Global, KuCoin, and OKEx.SwapSpace also offers options to buy and swap TRX.

For storing TRON, there are multiple options: Ledger, Trezor, Trust Wallet, Atomic Wallet, Exodus, Coinomi, Official Tron Wallet, MyEtherWallet, Math Wallet, Huobi, Guarda Wallet, Cobo Wallet.

In July 2022, the TRX token was trading at approximately $0.067, and the price was following a slight uptrend till the middle of August. At that time to buy TRX traders paid $0.070. But then the price dropped to $0.064, tried to recover but stayed volatile almost till the end of September when the value of the TRX was at $0.059. Then the trend changed and the TRX value started growing again reaching the exact point where the trend flipped before. At the beginning of November, the value of TRX was $0.063.

The end of 2022 was quite unsuccessful for the TRON network as the price of its native token dropped to $0.050 by the middle of November and then stayed down, struggling to break resistance and climb back. The crypto market in general was experiencing much volatility, and even though the TRX price chart established an uptrend, it couldn’t get higher than $0.055 by the beginning of January 2023.

After the price sank lower to $0.052, the token suddenly jumped up with the price chart reaching 0.062 by the middle of the month. In the next month, the price of TRX continued growing and on February 21 to swap TRX traders paid $0.071. It was the highest point from where the price of TRON went down, dropping to $0.057 on March 11. After the value recovered to $0.067, it stayed around the same level till the end of April.

As the crypto market started slowly recovering from the bear season, the TRX price chart also started gaining value at a faster pace. On May 7 it already cost $0.070 and continued to grow. By May 24 the value of TRON grew even more reaching 0.078, then went for a short recovery and continued going up. It reached its highest point of the period at $0.082 by June 3 but then went down to $0.069 in just a week. The new turn of the crypto bulls made the TRX token reach $0.081 by mid-July. As the bull rally continues the Tron network native token might show more gains in the near future.

TRON Price Prediction for 2023

As for TRON price predictions for 2023, there are divergent opinions. WalletInvestor expects a downturn towards $0.09085, and PricePrediction.net echoes with ~$0.02826 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about TRON’s future price, citing upwards of $0.1403 in December.

Potential ROI: -14% Sell

TRON Price Prediction for 2024

In their TRON price predictions for 2024, WalletInvestor forecasts the coin’s price to go down to $0.08267 by December. Forecasting TRON future, TradingBeast expects further decrease of its price, too, saying the TRON price will reach ~$0.0646 by that time. On the contrary, PricePrediction.net keeps predicting TRON price growth, quoting prices around ~$0.1676 in 2024.

Potential ROI: 4% Buy

TRON Price Prediction for 2025

TRON price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0.03533–$0.06864 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.1265 in December 2025.

Potential ROI: -24% Sell

TRON Price Prediction for 2026

PricePrediction.net has only optimism in store for the 2026 TRON price prediction, valuing TRON at $0.1242 by the end of 2026. WalletInvestor agrees with a positive forecast and predicts, in turn, $0.1606 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their TRON price prediction for December of this year is just $0.08984.

Potential ROI: 24% Buy

TRON Price Prediction for 2030

Speaking of long-term TRON price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that TRON price won’t grow further and, opposedly, will decline to $0.08883. WalletInvestor’s price prediction for TRON echoes with the projection of a downtrend to $0.03052. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $0.1746.

Potential ROI: -3% Sell

All you need for your research in one channel!