Tron Price Prediction 2023-2030. Will Tron reach $10?

The latest TRX Price (USD)

Article Coverage: Tron Performance in Last 12 months, Latest Tron News, Tron Price Prediction Today, Is Tron a Good Investment? Will Tron reach $10 $100, Tron Price Prediction 2023 to 2030

Tron Performance in the Last 12 Months, June 7th

• Last 7 days: +1.3%
• Last 1 month: +11.8%
• Last 6 months: +41.9%
• Last 1 year: -5.2%

*Vs Ethereum

Latest Tron News, June 7th

• H.E. Justin Sun, CEO of TRON, expressed unwavering support for Binance in a recent tweet. He acknowledged their dedication to advancing the cryptocurrency industry and praised their integrity. Justin Sun assured that he believes in their ability to navigate through the situation due to their strong leadership and decision-making skills. He emphasized that they are not alone and he will stand by their side, offering support and encouragement.
• Tron is anticipating a major network upgrade called GreatVoyage-v4.7.2 Periander, expected to be released in June. The specific contents and features of the upgrade are still being discussed and finalized. The upgrade aims to bring positive changes to the network, including optimizations to Stake 2.0 and providing users with more flexibility in withdrawing cash associated with unstaking transactions.

Tron Price Prediction: Short Term

Tron Price Prediction in the Next 6 Hours

TRX Tron Price for the Next few Hours will be in the range of 0.0776 and 0.0783

Tron Technical Analysis, June 7th

The overall sentiment for TRX is NEUTRAL.

• The moving averages suggest a BUY signal, with 8 indicators favoring buying and 4 indicators suggesting selling.
• The technical indicators show a mixed signal, with 2 indicators favoring buying, 4 indicators suggesting selling, and 4 indicators remaining neutral.
  • The relative strength index is currently at 54.456, indicating a neutral sentiment.
  • The stochastic oscillator is in a neutral state, with a value of 49.972.
  • The stochRSI indicator is at 0.000, indicating an oversold condition.
  • The MACD signal is bullish, with a value of 0.002.
  • The average true range suggests high volatility, with a value of 0.0027.
• The pivot point for TRX is at 0.07825, with potential support levels at 0.07647 and 0.07732, and resistance levels at 0.07910 and 0.08003.

Thus, the overall trend for Tron is “Neutral”.

Check out the latest Crowdwisdom360 Outlook Indicators below which are updated twice every day.

Tron Price Prediction Today

• TRX Tron Price Prediction 2023 is $0.110
• TRX Tron Price Prediction 2025 is $0.222
• TRX Tron Price Prediction 2030 is $0.968

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Tron – Buy or Sell, Crowd Poll

Tron Price Prediction: Is Tron a Good Investment?

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.

Tron Delegated Proof of Stake System

Delegated Proof of Stake (DPoS) is a consensus mechanism where token holders stake their tokens to become delegates who are responsible for creating new blocks and validating transactions. These validators are voted into power by the token holders in the network, who can use their voting power to select who will represent them. There are 27 Super Representatives (SRs) who are voted in by token holders who freeze their accounts.

How is Tron Different from Others?

• TRON supports multiple language extensions as it uses Google Protocol Buffers. Google Protocol Buffers help in developing programs in order to communicate with each other over a network. It also helps in storing data.
• TRON helps in executing programs using an international network of public nodes. It is able to do so using a decentralized virtual machine.
• TRON network offers a zero transaction fee and is able to execute over 2000 transactions per second.
• The implementation of the TRON network also requires minimal fees.

Tron Performance Statistics

• DeFi: Tron is the 2nd ranked (Improving) blockchain with $5.7 B in TVL
• NFT: Tron has limited or no presence in NFTs
• Gaming: Tron has a limited presence in gaming
• Payments: Over 800 merchants accept Tron

Overall, Tron is a solid use case with strengths in DeFi with some presence in gaming and Payments. We believe, given its strength in DeFi, Tron is a good case for investment.

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.

Also Read: Where can I stake my Tron?

Tron Price Prediction: 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.

~Charu Taneja

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.