Several key factors, including the developments happening on the TRON platform, are influencing the price of its native coin, Tron (TRX). Some moves have been pushing TRX’s worth, and it appears that the value of the cryptocurrency will continue to surge over the coming months. Not forgetting the purchase of BitTorrent and integration with Coinpayments, TRON has also seen a significant upgrade in privacy and security. TRON founder Justin Sun recently referred to the TRON platform as the “Ethereum Killer,” with TRON Dapps’ continuous domination in the crypto space.
Evaluating the TRON crypto price today and its potential in the near future, it is safe to say it is a good investment now, compared to what it was in the past year. The TRON network hosts substantial dissemination of stablecoins worldwide, exceeding USDT on Ethereum in April 2021. The TRON (TRX) crypto price has constantly seen a rise and fall since its ATH of $0.2316 on the 5th of January, 2018. Significantly, there was a massive crash towards the end of 2021 following the CEO’s retirement. Understanding the TRX crypto tendencies will better inform investors and holders of the crypto asset.
TRX in 2021
Here is how the TRON crypto did in 2021- The TRON crypto price at the beginning of 2021 was $0.027 and almost immediately rose to $0.030. In the second month, it doubled in price to $0.060. The TRX price experienced a barrier breaching the February price and crashed to $0.040 by the end of the month. Although it did not reach its goal, it exceeded Bitcoin and Ethereum, riding a bullish wave all the way up to $0.16.
As it is common with sudden hikes, the TRON crypto price had a sudden fall till it reached the bottom line at $0.05 in July. By early September, it became $0.1 and it turned $0.12 by mid-september. Again, the sudden increase erupted a resistance changing the price to $0.08 by the end of the month. By October, the TRX broke through the resistance, maintaining a $0.12 price. In November, the cryptocurrency saw another crash, trading at $0.08. Through December and early days in January, it fluctuated between $0.076 and $0.078.
TRON Crypto Price Estimations
Several crypto experts have announced their price predictions on the TRON crypto for the current year. According to DigitalCoinPrice, the prices for the TRON crypto for 2022 is between $0.0745 and $0.0854. Investing in the TRX crypto is predicted to be a good move as DigitalCoinPrice envisages it rising up to 10 cents in 2022 and 39 cents by 2030.
CoinPriceForecast also predicts a bullish cause for the TRON crypto price. It forecasts a 21% jump by the end of 2022. And by the end of 2023, it expects to see its prices reach $0.1242.
CryptoPredictions estimates an average price of $0.081 for this month. By December, the analytical company expects the cryptocurrency to have traded at a maximum price of $0.987.
Leading crypto education platform Trading Beasts predicts the TRX crypto price will increase slightly to 8 cents by the end of 2022 and hit 11 cents in January 2023. The TRON crypto is listed as a good investment that can be expected to grow both momentarily and in the long run.
Contrary to the aforementioned, Trading Education Global predicts a value of $0.15 by the end of 2022 and an ATH of $0.24 by the end of 2023.
With over $6 billion market capitalization, TRX is trading at$0.06068. The cryptocurrency has gained more than 3% in the last 24 hours and increased over 36% in its trading volume during the same period.