TRON: Price Analysis and Prediction For 2022
Today, many are eager to know the price prediction of TRON for 2022 and beyond. Currently, TRON is ranked #25 on Coinmarketcap.
History of TRON Network
TRON is a Singapore-based organization that started as TRON Foundation. As a foundation, TRON is composed of teams and participants from different nations of the earth with the cryptocurrency network being transparent in its dealings.
In the TRON foundation, one of their major values is regulation and compliance; this is why TRON has some level of trust among investors in the crypto market today.
TRON was founded by a young leader, Justin Sun in 2017. Before he initiated TRON, he was able to develop a popular application known as “Peiwo”, which was one of the apps that accept cryptocurrency payments. Peiwo has over 10 million users and is ranked among the top leading apps for receiving online funds.
According to Forbes, Justin Sun was listed on Asia’s 30 Under 30 Consumer Technology leaders list.
Justin Sun studied at Hupan University, and he was the only millennial among the first graduates in that school.
On December 14, Justin Sun announced that he was retiring from TRON to become an ambassador of the Grenada government to the World Trade Organization.
What is TRON (TRX) all about?
The popular TRON that is trending all over the globe today is a decentralized crypto platform that uses some functionalities from blockchain as well as P2P technology.
TRON is not just a cryptocurrency platform; TRON allows users to create as well as share content in the platform to social media handles in almost all the nations of the world.
TRX is the native governance token of the TRON blockchain platform. The goal of creating TRX was to help entertainment content creators and purchasers manage transactions themselves through the TRON blockchain.
For instance — people that are involved in social media content creating or marketing, people that play casino games majorly benefit from this platform.
RON content creators earn money from the TRON platform when their content is shared with others. This is possible because TRON monetizes their user’s info unlike other social media platforms like Facebook, Twitter, etc. that focused on making their money while users are creating all the visual content in their platform.
Furthermore, on TRON, there isn’t an administrator that monitors or controls the contents that creators created on the TRON platform; so content creators can earn more depending on their hard work and how interesting their content is.
TRON promotes its platform by creating social media platforms and mainstream media campaigns.
How TRON (TRX) Works
Some years back, TRON was an Ethereum-based ERC-20 cryptocurrency, but today it has gained popularity among users, hence it is currently a separate coin on its own.
For users to get TRON, they have to follow the principles that govern the TRON network. Users should be aware that almost all the resources in the blockchain are free, and that it is not controlled by any central authority.
In as much that people get rewarded when they create quality content on this platform, they also earn some Tron for playing games on the network.
The network works on delegated consensus principle. Here, transactions performed on the Tron network are validated by over 20 staff whose job is to handle all transaction history on the platform. On the other hand, “Super representatives” who validate the transactions every 6 hours earn some TRX coin as a reward for their services.
TRON (TRX) Price Analysis
TRON is popular in several cryptocurrency exchanges is quite competing with some well-known cryptos such as Ethereum, Ripple, Stella, etc. though not in price but its demand, availability, and its trading volume among traders.
Tron had a promising start when it was launched in 2017 — trading around $0.002 in September 2017. However, by December, the coin was making waves in the crypto space, trading around $0.04 on December 20, 2017. This drew a lot of attention to the TRX coin.
While the speculations continued, the January 2018 crypto boom came and the coin rose to an all-time high (ATH) of $0.22 on January 5, 2018 (the highest price the coin has attained since its launch). Crypto experts were projecting the coin to hit a $1 benchmark within a few months. However, that couldn’t happen as the coin dropped to $0.03 a month later in February, losing over 40% of its value.
Barely four months later, the coin seemed to be in the recovery phase when it traded around $0.09 in April 2018 before crashing to $0.02 in August the same year.
The coin traded between $0.015 to $0.04 from August 2018 to January 2021.
However, by February 2021, the coin broke the $0.05 benchmark, leading to rumours that it was heading back to the January 2018 ATH.
For the first time in almost 3 years, the coin rose to $0.10 on April 3, 2021, and barely a few days later on April 15, TRX rose to $0.16 — breaking another record. We could say that April was a favourable month for the coin.
However, the May cryptocurrency crash came and the coin lost over 40% of its value, trading around $0.06 on 23th May.
The coin started its recovery phase in July and bounced back to $0.09 in August and $0.10 in September. On 15th November, it reached $0.12 and could be on its way to the top once again.
At the time of writing, TRX’s price is $0.07586 and is ranked #25 in coinmarketcap. It has a 24-hour trading volume of over $1.2B and a market cap of over $7.7B billion. There are more than 71 billion TRX coins in circulation.
TRON (TRX) price prediction for 2021, 2022, up to 2030
TRON (TRX) is volatile and the price is dependent on decentralized application (dApps) markets. Here we’ll discuss the future predictions for TRON (TRX) in the next coming years.
Remember that these are only speculations and should not be taken as investment advice.
TradingBeast thinks the TRON (TRX) price will increase in the coming years but it will not be subsequent; it will grow gradually. TradingBeast predicted that the price will average $0.12 by the beginning of January 2022.
They predict the TRX price to reach a maximum of $0.15 by the end of 2022 and around $0.15 by the end of 2024. Thus, the platform sees the coin as a profitable short- and long-term investment.
WalletInvestor thinks TRON is an awesome long- and short-term investment. They project the coin to reach a price of $0.16 in 2022 and $0.43 in 5 years.
Cryptocurrency Price Prediction
According to Cryptocurrencypriceprediction, the coin has a promising future. They predict the TRON price to reach $0.19 in January 2022 and $0.32 in December 2022. In 2025, they estimate the TRX value to reach $1.39 and $2.99 in January 2030.
Where to Buy TRX Coins
Traders and users can buy TRX coins on the following cryptocurrency exchanges; Binance, Coinbase, Huobi Global, OKEx, FTX etc. While using these platforms, you should take time to understand the transaction fees for each of these crypto exchanges and a few other limitations that could prevent you from maximizing your investment.
Is TRON (TRX) Secure?
TRON (TRX) marked itself as a highly secure cryptocurrency that was considered a decentralized blockchain network.
As of 2019, the TRON network experienced security flaws that allowed hackers to gain access to the TRON network through Distributed Denial of Service (DDoS); because of this, the network was deemed quite unstable from 2019.
Within that same period, independent technology gurus brought an idea on how to resolve these security flaws in TRON. And in the same year, the security issues were resolved.
The network is presently secured with various security layers put in place.