This article on TRON (TRX), Price Prediction 2022 is solely based on technical analysis. Below are the key metrics we considered when preparing our TRX price prediction and analysis.
The cryptocurrency industry is growing. To remain competitive, many crypto projects are working to improve their technology. TRON is one of the most active crypto protocols. TRON has been able to establish strong partnerships with other crypto companies and has launched several projects. Crypto is still a top-ranked cryptocurrency with a market cap of more than $6.34 billion.
TRON is committed to providing an open, decentralized, and borderless internet. TRX users can access apps, media, and content through BitTorrent’s strong partnership.
We now know some of the achievements of TRON in the last months. Would TRON make a good investment in 2022? Let’s see this CoinQuora TRON price analysis and prediction 2022. Before we get started, let’s first understand what TRON is.
What is TRON (TRX)
TRON (TRX), the native cryptocurrency of the TRON network, is TRON. TRON, which is based in Singapore, is headed by Justin Sun. TRON aims to be a decentralized entertainment and content-sharing network. Anyone can create their content and host it on the TRON network, which is more efficient and cheaper than traditional hosting.
TRON has its own mainnet. TRON can set its own rules and regulations for the network. TRON’s smart contract allows different decentralized applications (DApps), to run. The BitTorrent partner has launched the DLive protocol. This is its latest DApp accomplishment.
We now know what TRON is, so let’s get to the TRON price analysis.
Tron trades at $0.0887, with a daily volume of $1.637,331,259. TRX’s price has fallen by 5.81% over the past 24 hours.
TRX also has a current supply of 71.66B TRX. Binance, Huobi Global, and Bithumb are the most popular cryptocurrency exchanges trading TRX at the moment.
TRX (TRX) Price Prediction 2022
TRX will hit $0.5 in 2022 if this bullish trend continues. The first half of 2022 will see rapid growth of up to $0.85. This will then slow down but there are no major drops. With the upcoming partnership and developments reaching $0.5, it is very optimistic from a price perspective, but it is undoubtedly possible for the near future.
TRX (TRX) Price Prediction 2023
TRX will hold the support level of 200-MA, which is the long-term moving mean, so buyers will have plenty of time and stability to plan the next attack mission at the vital level at $1.25. This will ensure that TRX does not plummet, but plays consistently.
TRX (TRX) Price Prediction 2024
The TRX price predictions for 2024 and project forecasts could change if there are more developments and upgrades. These developments could also increase the TRX price. The price of TRX can still be bullish and rise to $2.5.
TRX (TRX) Price Prediction 2025
Over the next four years, TRX could see prices rise to $4.5. This level of price could be reached by TRX, as additional short-term and long-term targets can be set to buy or sell orders. According to the prediction, TRX is likely to reach a new ATH within the next five years.
TX Price History: 2017
TRX was established in September 2017. Trx was founded in September 2017. It began at $0.001091 in September, and slowly increased to $0.00332 by October. This phase saw the entire crypto world blooming, which was a benefit to TRX.
Prices fluctuated throughout October. The price fluctuated between $0.003 and $0.001, before returning to $0.002 at the beginning of the month. Through November, the prices remained within the $0.002 range. The price of TRX rose by a commendable amount in the second week. Prices jumped from $0.002 a $0.007. On 23 December 2017, the TRX price was $0.05179.
TX Price History: 2018
2018 was the best year so far for TRX. Prices began to rise in January. On 5th January 2018, the price of altcoin was $0.3004, which is still the highest price for TRX after four years. Due to the restrictions imposed by global dominant countries, prices began falling. TRX fell until it hit $0.054 on January 16th.
Prices remained volatile throughout the year, and they often fell after recovering for a brief period. In February and March, the coin experienced an extremely volatile phase. On April 30, 2018, the price reached $0.09378. Prices declined from that point and were at $0.01883 by the end of 2018.
TX Price History: 2019
In January 2019, the TRX price was $0.02 The prices have fluctuated between $0.02 to $0.03. After May, the price spiked to $0.03 and then fell again. However, the increase was brief. The prices started to fall quickly and dropped from $0.03856 (June 25th) to $0.02068 (August 12th). Tron coin was not in a good year. Prices fell again in June, and they ended the year at $0.01331 31 December.
TX Price History 2020
In 2020, the price of TRX was not significantly different. On 29 January, the altcoin’s value was $0.01868. Prices fell further and reached $0.01024 by 13 March. While crypto was booming, TRX was struggling to compete with its rivals. From March to July, prices were still within the $0.01-$0.02 range. In August, the TRX price reached $0.0288 on 18 August. This was a significant increase. Although there was a slight fluctuation, the prices continued to rise and reached $0.04119 on September 3. Although crypto prices remained volatile, they also saw a decline and fell to $0.03 in November. In December, the price was $0.02683
Tron is a good investment?
TRX is a fascinating project that is not yet fully discovered by its users. It’s a social media platform that has the potential to attract large numbers of customers. Although the prices have been low since 2018, they are expected to remain stable in the future. TRON is supported by many influential members. The coin is secure. It has a long-term and clear vision. It expects to develop more stable partnerships in the future.
Tron’s price stability is not great, but it is a cryptocurrency that will skyrocket before the end of 2030. You can purchase TRX as a long-term investment and expect the platform to return good returns. Tron can answer most people’s entertainment-related concerns and is highly scalable. Experts are sure to be bullish on Tron and you should invest in it. However, you should do thorough research before investing in any cryptocurrency.
TRON looks bright in 2022. We may see TRX rise with the developments in the TRX ecosystem and the wider crypto market.
Bullish TRX price prediction for 2022 is $0.3. It could even reach $1, as investors decide that TRX is a good investment, like mainstream cryptocurrencies such as Bitcoin and Ethereum.