Tron (TRX) Price Prediction in 2022 According to The Experts
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Tron’s token, TRX, recently experienced an 8.5 percent increase after announcing its listing on one of its leading crypto exchanges. Since its launch, this Tron (TRX) price has experienced an all-time high several times. So, according to experts, what are the predictions for the price of Tron (TRX) in 2022?
Tron (TRX) News and Updates
- USDD, stablecoin of the Tron (TRX) network, was depegged from US$ 1 to US$ 0.98 and is likely to follow the Terra model. This has led to a dramatic drop in TRX’s price on 13 Jun 2022, according to Cointelegraph.
To combat this, TRON has created a new protocol: whenever USDD depegs, TRX coins will be burned, and new TRX coins that are pegged to US$ 1 are created. - Justin Sun, the founder of Tron, injected 700 million USDC into the Tron DAO Reserve and bought TRX on Binance in a total value of 100 million USDC for resolving the de-pegging problem, conforming to Blockwork and Watcher.Guru.
- As reported by Ethereum World News, Tron launched USDD, which is said to be the first overcollateralized decentralized stablecoin. The USDD supply is currently 200% over its collateral assets, such as BTC and USDT. In addition, USDD initially guaranteed a collateral ratio of at least 130%. For example, investors have to use the minimum value of the collateral asset at US$ 130 to buy US$100 in USDD.
- TRX has experienced a significant plunge with a 16% price drop from US$ 0.0748 to US$ 0.0625 in the past 24 hours on 13 Jun 2022, according to CoinMarketCap.
- The total value of locked TRX has significantly decreased from US$ 5.73 billion to US$ 4.57 billion. This is said to be because of the cryptocurrency market crash and USDD de-pegging in the past 24 hours on 13 Jun 2022, as said by Defi Llama.
What is Tron (TRX)?
Tron (TRX) is a blockchain-based decentralized digital platform with TRX or Tronix as native tokens on the network.
Founded in 2017 by a non-profit organization based in Singapore, Tron Foundation aims to create a global entertainment system for digital content at affordable prices.
Tron has two main functions. First, as a global online content sharing platform. Second, it allows developers to create autonomous applications that operate without intermediaries. This platform managed to raise 70 million USD during the ICO. Since then, the platform has become one of the top 20 cryptocurrencies by market cap.
Before going global, Tron was initially only marketed in a few countries in Asia. However, based on the latest data in August 2021, this platform already has more than 50 million accounts.
Tron Price Movement
The following is a breakdown of the Tron (TRX) price movement from 2017 to 2021.
Tron (TRX) Price Movement Throughout 2017
TRX was originally an ERC-20 token before eventually migrating to the TRON network in 2018.
TRX entered the market at a value of approximately 0.002 USD. Not much has changed during the first three months, with TRX mostly trading between 0.001 USD and 0.003 USD.
In December 2017, TRX experienced a significant price movement as it rose to 0.04 USD. At that time, TRX’s market capitalization exceeded 1 billion USD for the first time.
Then, TRX jumped more than 400 percent in less than a week.
Tron (TRX) Price Movements Throughout 2018
On January 5, 2018, for the first time, TRX reached an all-time high of 0.21 USD. At that time, TRX’s market capitalization reached its highest value, reaching almost 14 billion USD.
However, TRX’s price gain was also followed by a crash. TRX has lost almost three-quarters of its value and dropped below 0.06 USD.
The price of TRX then fluctuated slightly over the next three months and then rose again at the end of April 2018. At that time, the value of TRX doubled in less than two weeks.
Unfortunately, the euphoria of this hike did not last long. Over the next three and a half months, TRX gradually fell to 0.02 USD.
TRX price movements over the next two years are not as dramatic as before.
Tron (TRX) Price Movements in 2019 – 2021
TRX hit around 0.04 USD in June 2019 but didn’t last long. As of March 12, 2020, TRX had bottomed below 0.01 USD after falling 45 percent.
This price movement marks the start of steady growth over the next five months. In late August and early September 2020, the price of TRX doubled rapidly but then fell back rapidly.
The value of TRX is relatively stable for the rest of 2020, although without significant gains.
However, in early 2021, TRX started to rise again and broke above 0.06 USD for the first time in almost three years.
TRX rose to 0.1799 USD in mid-April 2021. Then, TRX dipped to 0.049 USD as the market bottomed out in July.
After that, the price rose to 0.129 USD during the November rally. TRX closed 2021 at 0.0754 USD.
At the time of writing as of April 2022, the current value of 1 TRX to USD is 0.064.
Tron (TRX) Price Prediction in 2022 According to Experts
On April 7, 2022, a TRON technical analysis from CoinCodex predicted that sentiment on TRX would be bearish, with six indicators showing ‘buy’ signals compared to 24 ‘sell’ signals.
Even so, Wallet Investor’s prediction states that the price of TRX will be positive in the long-term outlook. The crypto asset is expected to touch 0.114 USD within 12 months. Wallet Investor also said that the price of TRX will reach 0.277 USD in April 2027.
On the other hand, the prediction of TRX DigitalCoin is optimistic that the price of TRX will increase in 2022. Based on historical data, the site estimates that the average TRX will be at a value of 0.086 USD in 2022.
Tron (TRX) Price Prediction in 2023-2030 According to Experts
DigitalCoin also makes predictions regarding the price of TRX until 2030. Their analysis results said that TRX will reach 0.1 USD in 2023. Then the value of TRX is expected to rise and be, on average, 0.12 USD in 2025 and 0.3 USD by 2030.
Not much different, Gov Capital also predicts an increase in the price of TRX, although slowly. Analysts say TRX is trading at 0.13 USD and will be 0.54 USD in April 2027.
PricePrediction also predicts that in the longer term, TRX will be bullish, to 0.26 USD in 2025 and 1.64 USD in 2030.
Is It Too Late to Buy Tron (TRX) in 2022?
Of course, it’s still not too late to buy and start investing in Tron (TRX) in 2022. If you look at the price predictions that experts have explained, you can see the prospect of Tron (TRX) prices gradually increasing.
In addition, TRON is also moving to develop Non-Fungible Tokens (NFTs) in the metaverse game. Like Cryptokitties and Axie Infinity on the Ethereum blockchain, Bunny Planet is a metaverse game project built on the TRON blockchain.
However, it is important to remember that the cryptocurrency market remains highly volatile. Thus, it is challenging to accurately predict how much a coin will cost in a few hours and even more challenging to give a long-term forecast.
Thus, if you consider investing in crypto assets, make sure you always do thorough research. Take a look at the latest market trends, news, technical and fundamental analysis, and other expert opinions before making any investment decisions. Remember that past performance does not guarantee future profits. Stay updated on Zipmex Learn.
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