Tron’s TRX token is one of the cryptos that remained resilient amid a crypto crash in the second week of May. The tokens have not lost much of their value due to the progressive development in the project.
Tron recently announced that it was launching a decentralized algorithmic stablecoin and went ahead to allocate $10 billion in native TRX tokens as collateral. Look no further if you are looking for TRX price predictions for 2022-2025. We will look at the pricing to determine future expectations.
What is TRON?
It is a multi-purpose smart contract protocol for the deployment of decentralized applications. The platform is enabled through a delegated proof-of-stake consensus mechanism. The protocol’s native TRX tokens were initially launched as ERC-20 standardized tokens on Ethereum before migrating to its network.
The blockchain enables users to create decentralized applications in the network, provide content and receive rewards. Tron serves as a tool for developers competing with the Ethereum network. TRX rewards miners for offering storage space.
Tron’s system comprises three layers; the storage, the application, and the core layer. The storage layer uses a graph database to manage storage. The core layer comprises smart contracts, consensus, and account management.
Justin Sun founded Tron blockchain in 2017 under Tron Foundation. TRON is a decentralized entertainment-centered blockchain for content sharing. The network acquired BitTorrent in 2018 to expand its offering.
TRON: should you invest in TRX today?
The daily price outlook does not reveal a clear path in the price movement of TRX. The Relative Strength Index is at equilibrium, meaning that more downward pressure could be seen before any change in sentiment.
TRX, however, remains above the $0.05 support level. A drop below this level will welcome downward pressure, and a price above could see TRX move to higher levels. We also expect to see some price consolidation at the 200 MA. For these reasons, TRX makes an ideal investment only for a patient investor.
Will TRON (TRX) reach in 2022?
From a fundamental perspective, Tron will remain an essential piece in the blockchain space. As the industry finds relevance with the technology, so will the price of the tokens increase. Although a perfect price prediction is nearly impossible, TRX will increase in value in five years.
- Our 2022 TRX price prediction puts the tokens at a maximum jump of $0.15, with the minimum possible increase being $0.11. On average, TRX is predicted to trade at around $0.08.
- The price of tokens is expected to surge to a maximum level of $0.3 in 2023 and trade at an average price of $0.25. The minimum price gain is projected to be $0.2.
- In 2024, it is predicted to rise to a price high of $$0.5 at a minimum and $1 at a maximum surge. The average trading price in the period is projected to be around $0.3.
- Our in-depth analysis puts the crypto at a high of $2 in 2025 and possibly rising as high as $5 in the period. On average, it could exchange for $3 throughout the year.
TRON past price analysis
CoinMarketCap ranks Tron at number 14 with a total market capitalization of $7.051,491,454.53. The current price data shows that TRX is trading at $0.07211 after a 3.51% drop in the past 24 hours and a 17.04% decline in the past week.
TRX’s price outlook in the past month shows an increase of 19.52% from $0.059. The tokens have also jumped 12% from $0.064. However, the yearly price outlook shows a dip from $0.12 to $1.04 billion, a change of 7.66%. The price has not changed much in the year to date, with the difference being $0.00447 or 0.05%. TRX rose to a $0.2206 all-time high in May 2018, a 67.39% difference from the current price.
Tron launched with a token issuance of 100 billion TRX tokens. 15.75 billion of tokens were allocated to private sale investors from the supply, and 40 billion TRX were set for ICO investors.
There are 98.18 billion circulating TRX tokens from a total supply of 98,176,656,864. From the initial token supply of 100,000,000,000, 55.75% were allocated to the investors and 44.25 % to the founders and project.
The Tron Foundation fixed the entire token holdings until January 2020, when the Tron Mainnet was unveiled in 2018. The protocol undertook a 1 billion TRX burn to mark the Mainnet launch dubbed the Independence day.
The delegated proof-of-stake concept on the Tron blockchain enables users to lock their assets to get Tron Power. The power enables users to vote for super representatives who act as block producers. The block generators are rewarded with TRX tokens for their efforts in transaction verifications. The rewards are distributed to the delegators or the people who voted for them.
Want to buy TRX?
TRON tokens are listed in major exchanges, including Binance, Huobi Global, Kucoin, FTX, and Bithumb. The tokens are listed against USDT, BUSD, and USD. If you wish to buy TRON tokens on Binance, follow these steps:
Register an account with Binance for free using the app.
You may choose to buy stablecoins like USDT or USDC to exchange them for TRX. Binance also supports Visa and MasterCard and Bank deposit or P2P trading. Click the ‘buy crypto’ icon to get the available options in your jurisdiction.
Go to markets and choose spot trading.
Exchange your USDC or USDT for TRX tokens and complete the trade.