Will Tron reach $1, $10, or $100?
Will Tron reach $1? Going by a growth rate of 0.131x in 1 month, it can take roughly 127 years for Tron to reach $10.
Tron is a blockchain-based operating system that aims to provide complete ownership to digital content creators.
Tron primarily aims to revolutionize digital content sharing and entertainment. In other words, its motive is to create a digital content entertainment platform that can help users to share their digital content easily and cost-effectively.
What makes Tron unique is its innovative perspective. Furthermore, it supports nearly 2000 transactions in one second. Also, there is no transaction fee for the TRX token, which is indeed a competitive advantage for Tron.
With Tron, artists can completely own their content and share that without worrying about transaction fees. It is indeed a plus point for Tron Blockchain.
A crucial question asked by TRON investors is, Will Tron reach $1, $10, or even $100?” If yes, then how much time will it take to reach those levels? Let us find out the answers to these questions in this report:
There are various factors that need to be considered while predicting the price of a crypto, such as its price movements, competitor analysis, market trends, etc. Let us analyze those individually:
TRX Tron Price History
Price movements are always one of the crucial factors to determine and predict the price of a cryptocurrency. Below is TRX’s all-time price graph, we can see that the coin peaked at $0.30 in 2018.
TRX’s lowest price was $0.002 (in 2017), therefore, it took nearly 4 months for Tron to reach its all-time high price of $0.30, a 150x growth from its lowest to its all-time high price.
TRX’s price has declined by more than 50% in just 12 months, though it has faced many ups and downs in between.
Also Read: SLP Price Prediction
Tron vs Cardano – Growth Curve
Cardano (ADA) is a blockchain platform whose motive is to create a more transparent and secure platform for users and is one of the notable competitors of Tron blockchain. Let us also analyze, ADA’s growth curve:
Cardano’s all-time high price was $2.94 which it achieved 1 year ago. It took ADA nearly 4 years to reach its all-time high value. Meanwhile, it grew by 117.6x in those 4 years.
Will Tron reach $1?
TRX is 6 times down from its all-time high value of $0.30, considering its current price of $0.05. Now, keeping in mind its growth rate of 150x in just 4 months (as discussed above), its one-month growth rate is 37.5x. It means that in the next 12 months, TRX’s market price can reach a theoretical value of $22.5.
But the current macroeconomic factors and liquidity are not similar to 2017-18 or 2020-21. In other words, TRX’s price can reach that value in an ideal scenario, but the conditions are not yet ideal. Hence, TRX will certainly not going to reach that value in the next 1 year.
So, let us try to find out the more realistic value that it can reach in that period. As we can see (in the graph), the pump was quite sudden and it might be due to certain factors (like a fake pump), so, it would be more logical to consider the next high value of $0.15 that it achieved in April 2021.
TRX took 38 months (from February 2018 to April 2021) to reach a high value of $0.15 from $0.03, indicating a 5x growth.
It means that, in the next 38 months, the price can only grow by 5x of the current price of $0.05. Therefore, TRX’s price can only reach a value of $0.25 in the next 38 months (more than 3 years) and not $1.
So, Will Tron reach $1? Well, certainly yes, but not soon. To reach a value of $1, TRX needs to grow by 20 times. Hence, it might take 12.6 years to reach that value.
Will Tron reach $10?
TRX needs to grow by 200x to reach a value of $10.
Similarly, keeping in mind the macroeconomic factors and the liquidity conditions in the recent scenario, we cannot go by the ideal growth rate of 150x in 4 months. Considering the practical growth rate of 5x in 38 months, It will probably take about 127 years for Tron to reach $10. But, again, the situation probably will not remain the same throughout and the macroeconomic factors and liquidity might turn out to be in favor of the TRX coin. Therefore, it can probably reach that value sooner than this.
So, Will Tron reach $10? Well, it is certainly not practical if the current factors prevail. But it can reach that value if the situation changes, keeping in mind the volatility of cryptocurrencies.
Will Tron reach $100?
TRX’s current market price (of $0.05) suggests that it needs to grow by 2000x to reach a value of $100. If Tron continues to grow at 0.131x in one month, it will certainly need 1,272 years to reach $100, which is practically impossible.
So, Will Tron reach $100? No, TRX will certainly not reach that value because it is not practical enough. But, considering TRX’s competitor growth and other factors, Tron can expect good growth in the coming future.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.