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We only base the 2021 TRON (TRX) Price Prediction article on technical analysis. This article will bring out the key metrics that we consider before projecting and analyzing TRXs’ prices.
Recently, the crypto industry has continued to grow. Therefore, many crypto projects aim to improve their technologies to remain competitive. Moreso, TRON continues to be one of the most active protocols in the crypto space. Our research shows that TRON has built solid partnerships and projects in the crypto industry in the past few months. Therefore, the crypto side has remained one of the cryptocurrencies with a market capitalization of above $6.34 billion.
In addition, TRON is dedicated to providing a decentralized, boundary-free internet. Hence, its strong relationship with BitTorrent allows its users to access the network’s applications, content, and media directly.
Besides, knowing past achievements may be important for investors. But, we would like to analyze if TRON is a profitable investment in 2021. Hence, let’s find out in this TRON Price Analysis and Price Prediction 2021. But firstly, let us get to know what TRON is and why people like to invest in TRON.
What Is Tron (TRX)
TRON (TRX) is a native cryptocurrency in the TRON network. It is based in Singapore. Furthermore, TRON is led by CEO Justin Sun. The network’s objective is to create a decentralized entertainment and content-sharing network for all. You can host your content on the blockchain network in a more efficient and cost-effective exchange in the TRON ecosystem.
Furthermore, the TRON network has its leading network. Therefore, it can set its own rules and regulations necessary for the network. In addition, on TRON’s protocol, you can run different decentralized applications (DApps) through its smart contract. The TRON’s latest DApp achievement has been linked to launching the DLive protocol for its BitTorrent partner.
After knowing what TRON is, it is prudent for us to proceed to our TRON price analysis and, after that, prediction.
Tron (TRX) Coin Value
As I write this article, the Tron’s price analysis, TRX trades at $0.114. However, a 24-hour trading volume of $3,039,257,972 is associated with this. TRX’s price has risen by 2.13 percent in the last 24 hours, which is fantastic news for investors.
Presently, the top cryptocurrency exchanges for TRX are Huobi Global, Binance, Bithumb, and many more. In addition, TRX has a current circulating supply of 71.66B TRX. Therefore, we can proceed to the next part of TRX technical analysis for 2021 and further projection its price.
The Price History of Tron in 2021
Tron Price in 1st January – 31st march 2021
The price of TRON started very low in January a $0.032. Our research shows a drop in the price, reaching $0.02 on the 18th. Besides, we find the price raise in attaining a high value of $0.059 on February 20th. Unfortunately, the price later dropped to $0.045 on March 2nd. The price later increased up to 0.069 on March 30th.
Tron Price in 1st April – 30th June 2021
April began with the highest price of $0.093 on the 1st. We observe the price increase to $0.164 by the 16th. There was a later drop in price to $0.12 by 3oth April. This month may be considered a month of a general decline in the price. We can observe a decrease from $0.12 to $0.069 on May 30th. In June, the price remained average at $0.075. There were no more significant fluctuations observed.
Tron Price in 1st July – 31st November 2021
We witness a small price change at the beginning of July but negligible. The price averaged at $0.068. There were no significant changes observed. The price dropped from $0.066 on 1st July to $0.058 on 27th July. On 1st August, we can see the price landed at $0.064, which was a slight increase from July. We can observe a price haul to $0.099 on August 22nd. This was a turning point for the price.
At the beginning of September, we marked the highest $0.102 on the 4th. The price stabilized at $0.102 before dropping to $0.086 on the 29th. We recorded the highest price during the month.
Tron Price History in The Rest of 2021
In November, we observed the price to stabilize at $0.094. The month recorded a higher price of $0.101 on 26th through 30th. November also began with $0.107 on the 3rd and increased to $0.132 on the 16th before dropping to 0.098 on November 28th. We observe an average of $0.86 in December, which indicates a stable price.
Tron (TRX) Coin Price History Summary
|Period||Lowest Price||Highest Price|
|1st January – 31st March 2021||$0.026||$0.060|
|1st April – 30st June 2021||$0.057||$0.164|
|1st July – 30th September 2021||$0.050||$0.118|
|1st October – 19th December 2021||$0.084||$0.117|
The Price Prediction of Tron from 2022 to 2025
The Tron (TRX) price has made a 43% fall from $0.129 to $0.073 in the second half of November 2021. Although its founder Justin Sun stepped back from the foundation, the TRX price is still downward. It would be crucial for investors to understand Tron through its price prediction thoroughly.
The Price Prediction of Tron in 2022
With quantitative easing in the US, the fiat currencies are under inflation pressure during the pandemic. The economic recessions are coming to the door. No wonder that cryptocurrencies like Tron would be a great value-preserved investment.
From the chart above, we can clearly see the downtrend momentum is weakening. Compared to the second half of November, the channel narrowed and flattened in December. Therefore, the Tron price would settle above $0.07 in 2022. On the optimistic side, the TRON price can reclaim $0.12 by the end of 2022.
In conclusion, TRX’s price will rest between $0.07 and $0.12 in 2022.
The Price Prediction of Tron between 2023 and 2025
Unlike other famous crypto coins, Tron owns only 0.36% market dominance of all the cryptocurrencies trades. Meanwhile, it has no limitation in coin supply. As a result, it’s quite hard for Tron price to make a boost. From the technical indicators, we forecast the price of Tron will peg at $0.19 by 2023 and $0.30 by 2025.
Tre Price Prediction of Tron Beyond 2025
It’s nearly impossible to predict the price of Tron coin after 2025, like 2030. Since it has a very agile and supportive community, there must be multiple reforms on the Tron system. All the factors may contribute great fluctuation to TRX price. Based on the previous performance, the price of Tron can climb as high as $0.50 before 2030.
What The Investment Agencies Say
We see TRON having good progress ahead of 2021. Besides the ongoing developments, they have brought changes in its ecosystem. Hence, we may project it to reach higher levels without being limited to the overall crypto market.
TRX price projection 2021 is at $0.3. As said above, the price may even rise to $1. This is only possible if investors agree on TRX being a good investment in 2021. This is brought along in collaboration with other cryptocurrencies like Bitcoin and Ethereum.
Long Forecast Investors
TRON’s Relative Strength Index (RSI) as of 5th December 2021 is close to 74.15, meaning that TRX is neither overbought nor oversold. Hence, this may lead to unforeseen price overhauls. Therefore, traders should carefully trade crypto with little or no market hype influence. If they keep this in mind, traders can be aware of and separate themselves from losses caused by the crypto market’s wild price movements.
Also, comparing the Simple Moving Average (SMA) with the Exponential Moving Average (EMA) since the start of 2021, TRX’s price has undergone higher increments compared to the previous year. Consequently, this results in fluctuations, consolidation, and corrections at a go. Therefore, on consideration, TRX is experiencing a competitive market this year.
If the current increasing trend continues, TRX is seen to reach $0.5 by December 2022. Moreso, the first half of 2022 has a price increment, up to $0.85. After that, there might be a drop, but not expecting significant falls. As a result, attaining $0.5 is promising from the price point of view of all the upcoming partnerships. It may be undoubtedly feasible and short.
Digital Coin Price
The prediction of digital coin investors is similar to other forecasters. They believe in an overall increase in the price. This is mainly up to above $0.5. Investors are therefore advised to make more investments for better returns.
What is Tron (TRX) Coin
TRON (TRX) is the TRON (a blockchain-based platform) network’s native coin. The network’s headquarters are in Singapore. Furthermore, TRON is led by CEO Justin Sun. It serves two main purposes. First, it is a global online content sharing platform. Secondly, it allows developers to create their autonomous applications. These applications operate without the need for intermediaries.
Apart from that, Tron is just one of many cryptocurrency ideas. Its goal is to use blockchain technology to decentralize the internet. It’s a file-sharing platform designed exclusively for peer-to-peer sharing. Hence the main goal is competing with centralized media tech giants such as YouTube and Facebook.
Is it safe to invest in TRON
TRX is a high-risk investment based on the fact that all cryptos are. However, it offers the potential for big profits. TRON receives a 5.9 out of 10 safety rating from Cointobuy. Before we begin investing in cryptocurrencies, we must first grasp the risks. Therefore, we must never invest the money we cannot afford to lose. There is no business without risk. Hence, as an investor, you should never quit for fear of making a loss.
How To Buy Tron (TRX) Coin
Do you need to obtain TRX coins? Then we advise you to purchase them from cryptocurrency exchanges like Binance or Huobi Global. We propose that you buy TRX on Binance. They provide the simplest and fastest crypto-to-crypto exchange available. These include Ethereum, Bitcoin, and USDT, as well as TRON and a slew of other cryptocurrencies. We recommend that you take these measures.
- Acquire Bitcoin or Ethereum through Coinbase
Coinbase is the world’s largest Bitcoin broker, offering Ethereum, Bitcoin Cash, Litecoin. On signing up and upon finishing the mobile code verification, you can then deposit fiat currency. After that, go straight to the buy/sell button. This helps us to acquire your BTC or ETH.
We should make sure we have enough money to purchase the TRON (TRX) you require. This can be accomplished by holding a simulated sale on Binance. Follow the procedures outlined below to complete the process.
- Register with Binance.
The registration for Binance is simple, and we complete email verification and 2-factor authentication. Once in Binance, we select funds. This will show an option drop bar, Deposits, and withdrawals. Scrolling down helps to find either ETH or BTC. We, therefore, need to click on the corresponding deposit button.
- Import Funds and Buy TRX
We will be given the ETH Address to send ETH or BTC on clicking the deposit button. We must ensure not to use an address belonging to one crypto on the other. After that, Binance will approve your deposit within an hour.
On having crypto on Binance, we can move to Exchange–Basic. We will need to choose the TRX pairing. Once we are done, we can now buy TRX that our funds can afford. We do this on a dashboard below the graph. Therefore, we choose the quantity we want and match it with the available crypto balance.
Should I Invest in Tron Coin?
he current price of TRON we can observe is at $0.079094. We see this from a 24-hour trading volume of $1,444,969,997. This is a rise of 7.6% from the previous 24 hours.
The Great Hackathon project of 2021 provides a compelling reason for investing in Tron. It is an initiative focused on increasing the number of decentralized apps (DAPPs) running on the TRON network.
DAPPs are becoming effective and generate large trade volumes. This is a projection that the price of TRX may rise. Therefore, a result of its the token that runs the entire TRON network. Hence, the Great Hackathon is an apparent reason for us to invest in TRON could be beneficial in the long run. It’s subject to a significant return.
Will TRX surpass its current ATH?
In 2021, TRX is a solid investment. Furthermore, TRX has a good chance of breaking through its current ATH of $0.3 before the end of the year.
According to CoinCodex, TRON’s technical analysis was bearish. TNine indicators gave bullish signs, and 19 that gave bearish ones. Furthermore, the coin was trading at $0.08684 at writing (December 14th).
The momentum and moving average convergence divergence (MACD) indicators were neutral. The relative strength index (RSI) was also 34.5. As a result, it’s safe to assume that TRON was also neutral. An RSI value greater than 70 suggests that an asset is overbought. In contrast, value less than 30 indicates that it is oversold. As a result, TRON is about average. TRON’s price is expected to grow to $0.0971 by December 19th, according to CoinCodex.
The forecasting site Wallet Investor has an optimistic outlook for TRX/USD. It predicts that by 2022, the price will have risen from $0.116 to $0.181 in a year. By the end of 2026, it expects the price to have more than doubled to $0.424 per unit.
Various factors determine the price of TRX. In the future, the rise of dApps and the widespread use of NFT can surely attract more and more investors to trade via the Tron system. Justin Sun, the founder of Tron, was also associated with Ripple. If you want to learn more about Tron, you may also need to know where and how to buy XRP for your portfolio.