Tron TRX Price Prediction: Projected Analysis of 2019, 2020 & 5 Years

Tron is now a worthy competitor to Ethereum following the mainnet launch in 2018.
Technical analysis place Tron in a bullish phase both in the long-term and short-term.

Let us shed some light on the most asked question we get about Tron- it’s the Tron price prediction.
All ardent followers of the cryptocurrency market would agree that Tron (TRX) is one of the most ambitious projects in the industry. The project has come from a state where it had few if not non-existent use cases to a point that it sees itself as a worthy competitor of the largest altcoin Ethereum (ETH). Indeed, one would say Tron is the perfect example of ‘fake it until you make it.” That’s why predicting the value of Tron has become even more important to us.
Theatrics aside, Tron is currently ranked as the 11th largest digital asset on the market having a market capitalization of $1.5 billion. In the last 24-hours, the data on CoinMarketCap shows the crypto having a trading volume of $636 million. Although Tron has a total supply of 99,281,283,754 TRX only 66,682,072,191 TRX tokens are currently in circulation.
Tron is listed on most of the leading crypstocurrency exchange platforms including the largest Binance. Other platforms that support Tron include OKEx, HitBTC, Huobi, CoinBene, Bitrue, Upbit, IDAX, Gate.io, Bittrex and Bitfinex among many others.
In this article, we try to give our esteemed readers an overview of the Tron cryptocurrency project, past and future performance, the future of the project, predictions as well as the FAQs section where you can quickly equip yourself with information regarding Tron.
Contents

Tron price prediction 2019
Tron price prediction 2020
Tron price prediction 5 years
Tron 2018 in a nutshell
Has Tron found a bottom yet?
The future of Tron
Tron technical analysis
FAQs
Tron project overview
Tron wallet

Tron Price Prediction 2019
Price prediction is mostly based on the state of the project at present and how it has performed in the past. Tron recently hit 2.7 million accounts registered on the network (setting a new record). The last three months have seen Tron grow consistently in the number of users. On several occasions, Tron has led the industry in terms of having the largest daily onchain volume and daily transactions. The number of dApps on the platform recently hit 400 although it is still far from the 2019 target at 2,000.
The entire cryptocurrency market extended the crypto winter into 2019 where digital assets trimmed the gains achieved in December 2018 massively. The fall in prices across the board was mainly attributed to investors taking a back seat following the extended bearish pressure. Bitcoin championed rally failed to revive the altcoins as it was expected until we had a breakout at the beginning of April.
Our prediction for Tron in 2019 places TRX at $0.08 at the end of 2019. Besides, Tron will embark on an incredible journey of breaking barriers to trade between $0.05 and $0.07 in the second and third quarters of the year. The network intends to sign several strategic partnerships including the rumored partnership with Liverpool Football Club. This coupled with increased development in terms of boosting privacy, security and privacy will continue to attract investors’ attention.
Tron Price Prediction 2020
Although Tron is trading at $0.024 following a 2% loss in the last 24 hours, the token is predicted to hit $0.2 by the end of 2020. It is also good to note that other experts on the market place TRX between $0.05 and $0.08 by the end of 2020 (prediction by TradingBeasts).
Towards the end of 2020, a bull rally will commence around $0.21 and $0.30 giving way for a bullish parabolic move like the one experienced in December 2017. on the other hand, Tron will exchange at $0.4 in 2020 however, investors should expect huge fluctuations this year.
Tron Price Prediction 5 years
Tron is expected to spark institutional investors in 2020 especially with the plan of turning TRX into an institution grade token. Many organizations are expected to embrace the blockchain technology this year in turn increase Tron (TRX) acceptance supported by increasing dApps. Predictions suggest that an investment in TRX at present will have an RoI of 1,536.75% by 2023 which means that TRX will likely to be trading at $0.54 in the same year.

Tron 2018 in a Nutshell
2018 was an incredible year for Tron as well the company’s issued token TRX. Besides, sticking to their roadmap, the network achieved various milestone that placed it on the global map and in direct competition with other similar platforms like Ethereum, EOS, and NEO. Investors expected Tron to deliver and the network outperformed itself.
At some point last year, Tron market share increased significantly pushing it into the top ten cryptocurrencies by market capitalization. Tron Foundation also released the mainnet which allowed Tron to transfer TRX tokens from Ethereum to its own protocol. The network then elected Super Representatives to ensure that the decentralization of the network was guaranteed. Moreover, 2018 is the year that Tron acquired the file-sharing platform, BitTorrent.
The mainnet launch elevated Tron to the level of Ethereum as a decentralized applications (dApps) building platform. As an independent platform, Tron blockchain is used to verify transactions while utilizing what is referred to as non-disruptive Proof-of-Authority consensus algorithm. Another significant achievement for Tron in 2018 was the groundbreaking partnership with PornHub; the leading website for adult content with more than 120 million users on a daily basis. Still, in 2018, the Tron community witnessed the token burns, Super Representative elections, and the incredible Project Atlas.

Chart Source: Bitcoin Exchange Guide
Has Tron Found a Bottom Yet?
Cryptocurrencies in 2019 including Tron seem to have found a significant support bringing to an end the crypto winter that dominated the market throughout 2018. Looking at TRX/USD trading pair chart, we see that the month-over-month declines in 2018 seem to have found support at $0.011. Tron has since corrected from this level to trade highs of 0.0377 but retraced over time to the current $0.0244. On the upside, gains are strongly capped at $0.0400 with sideways trading expected in a couple of months. Therefore, it is true to say that Tron hit a bottom and is patiently waiting for a breakout.
TRX/USD daily chart

Tron price Prediction Chart source: Tradingview
The Future of Tron
Tron is a project that many love to hate. However, it is factual that it has a very vibrant community that is mainly kept active and engaged by Tron’s founder Justin Sun. Sun has an interesting marketing flair around him. His marketing skills can make experienced marketing expert envious. However, the same outspokenness has proved detrimental to the project like the direct attacks between Sun and Ethereum founder Vitalik Buterin.
According to ZyCrypto, the future of Tron is bleak unless the network changes tactic in the near future. Take, for instance, reports say that 90% of assets are the channel to Tron Foundation during distribution while a meager amount of coins are set aside for future developments.
Nevertheless, as per the fundamentals, Tron future is still bright and could get brighter. Of course, there is no perfect team and the people behind the project have proved to investors that they can deliver before and nothing will stop them from doing so again.
You might also be interested in Tron MainNet Launch: Leaving No Stone Unturned to Become a Powerful Cryptocurrency
Tron Price Analysis
Let’s take a closer look at the technical levels displayed by this ambitious cryptocurrency token. The 4-hour chart shows Tron being not only a strong rebounder but also has the potential to recover to the highs achieved in April.  Following the elongated consolidation phase, green shoots began sprouting across the market. Tron alongside other digital assets pulled above 200 Simple Moving Average (SMA) marking the beginning of the leg formation for the bull rally that loomed. Correction above the range resistance at $0.0248 was the breakout point that Tron required to scale the levels above $0.0300 and even test the hurdle at $0.0320.
Tron TRX/USD 4-hour Chart

Tron Price prediction Chart source: Tradingview
Failure to break above $0.3200 allowed the battered bears to return for revenge a move that saw Tron lose a huge chunk of the gains accrued in April. The support at $0.0260 finally caved in due to bear pressure while the drop below the 200 SMA increased the bear influence on the market resulting in a further drop below the 23.6% Fibonacci level taken between the last drop from $0.02786 to a low of $0.0221.
April declines found balance at the swing low before rising again to usher in the new month of May. Although Tron has been bullish in the past couple of days, the crypto is back to trading in the resistance range before the surge in April began. The upside is limited by both the range resistance at $0.0248 and the 23.6% Fib level. We have seen a break above the trendline resistance but the 50% Fib level short-term support is still in danger.
Technically, Tron is bullish in the short-term but it lacks support and a catalyst to sustain growth towards the April highs. The RSI is above average and even moving higher above the rising trendline. It is essential that Tron pulls above the 200 SMA at $0.2600 to encourage more buyers to take positions in order to see a significant recovery that could even hit $0.035 and $0.0400 in the medium-term (before end of June).
Tron Key Technical Indicators
RSI 4-hour: 58.79
200 SMA 4-hour: 0.0260
Short-term trend: Bullish
Long-term trend: Bullish
Key support areas: $0.0240, $0.0230, $0.02192 and $0.0210.
Key resistance zones: $0.0260, 0.02742 and $0.0320.
Tron Price Frequently Asked Questions:

What is the current price of Tron (TRX)?

Tron is currently valued at $0.0246 (on Coinbase).

What will be Tron (TRX) price tomorrow?

According to the above technical analysis, Tron (TRX) is likely to trade above $0.0250 tomorrow.

Is Tron a recommended asset for investment?

Considering the predictions explored in this article, Tron is a good asset to invest in. However, it is more profitable for the long-term holder or otherwise known as HODLers.

What is Tron predicted price in five years?

As per the prediction above, Tron is likely to trade at $0.54 after five years from now.

Is Tron inclined to a fall or rise in the future?

In the future, we will see Tron trading much higher than the current price. However, as a cryptocurrency tradable asset, there will be ups and downs. The important thing is that we will have higher highs and higher lows.

What will be Tron price in 2020?

Tron is predicted to trade at $0.2 by the end of 2020.

What will be Tron’s price in 2025?

Tron will exchange hands between $0.5 and $0.6 in 2025 (exactly 6 years from now).

Can Tron Crash?

Tron is unlikely to crash based on the analysis we have done on the project. Tron has become not only bigger but also better. The developers at Tron have not disappointed before and are definitely not going to start today.

Where can I buy Tron (TRX)?

You can buy Tron in all the exchanges that support TRX as a tradable asset, some of which are mentioned here.

Tron Project Overview
Tron describes itself as the largest decentralized platform in the cryptocurrency world. The website says that its high throughput is as a result of improving the transactions per second (TPS) of the network “which has surpassed Bitcoin and Ethereum, to a daily-use practical degree.” Tron also claims to be one of the most scalable networks in the industry in a way that applications are allocated diverse deployment methods on Tron due to the extremely scalable and effective smart contracts. Moreover, the platform has the ability to support colossal volumes of users.
Additional details on the Tron website explain that the network is more reliable in terms of network structure “user asset, intrinsic value and a higher degree of decentralization consensus come with an improve rewards distribution mechanism.”
In terms of performance, TRX consistently handles 2,000 transactions per second (TPS) around the clock. Tron’s TPS dwarfs Ethereum’s 25 TPS, at the same time, it is almost gigantic when compared to Bitcoin’s transactions per second which range between 3 – 6.
Tron Wallets
A crypto wallet is an essential part of any cryptocurrency network because it connects the users to the blockchain. It allows sending, receiving and storing of digital tokens or coins in addition to being an integral part of decentralized applications (DApps).
Tron has several types and versions of wallets including the newly launched TronLink. The wallet is mainly used in the access of DApps on the Tron protocol. It can also be used to send and receive TRX, TRC10 and TRC20 tokens. Users who want to use TronLink are required to download and install a browser extension supported by Chrome. Thereafter, they can create a new wallet and remember to keep the private keys secure.
TronLink user interface is very simple and precise in that it shows the account address, balance, bandwidth, energy as well as the number of tokens stored.
Tron Wallet
Tron wallet, on the other hand, comes in handy for today’s user who prefers to use his/her smartphone to do almost everything as long as it is internet based. Tron Wallet is among the most advanced wallets in the industry. It comes as complete package giving the user the ability to transfer cryptos, show the history of the transacting account, connect to DApps in addition to supporting fundraisers and Super Representative voting. This wallet has support for TRX and other tokens running on Tron’s mainnet. Moreover, various platforms are supported including the web, mobile, and desktop.
It is essential to do your own research before buying any cryptocurrencies because no one can predict the price accurately. This article is meant to help form a basis for your decision to invest in Tron. However, additional research will go a long way in helping you make the right judgment.
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The post Tron TRX Price Prediction: Projected Analysis of 2019, 2020 & 5 Years appeared first on Coingape.
Source: CoinGape

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Continue reading at Coinspeaker
Source: CoinSpeaker

TronWallet Adds New Features in the Latest TRX Update

Tron, in a recent blogpost, revealed new features of its open source, P2P crypto wallet, TronWallet. The announcement comes not long after TronWallet went live on Apple’s App Store.
TronWallet is a mobile application developed by Getty.io’s team of 20+ people based in Canada, Brazil and Chile. The application went live on Google Play on July 31, and on Apple’s App Store on August 29.
The app’s 1.0 version release on iOS had included only the Balance and Send screens. However, the August 29 release was of a version which was identical to the latest Android release, but featured the Address Book and Multiple Accounts. The app, at present, is available in over 29 languages and has over 20,000 users.
New Features in the Latest TronWallet Version
The latest version of TronWallet for both Android and iOS supports the creation of multiple wallets within the app.
It allows users to pay with TRX and other utility tokens developed under TRX, by using a QR scanner. Users can also send TRX and other utility tokens using a wallet address or a QR code. They can request payment in TRX, by creating a unique QR code/transaction.
All the functionalities of the app are accessible with security mechanisms like FaceID and fingerprint.
The new version supports freezing and unfreezing of tokens and voting for Tron Super Representatives. The app will also enable users to invest in other tokens operating under TRX with an ICO mechanism, and ensure secure storage of tokens on the phone. Users can also access tutorials and learn on the app.
Tron plans to roll out a new P2P exchange, which will allow people to trade tokens without middlemen, on the mobile append of Q4 2018. They will also release a new beta version of a web widget for selling ICO tokens in Q4 2018. As a part of their efforts to accelerate dApps creation, they plan to develop a web browser in Q1 2019.
Magic Academy – World’s First Idle Blockchain Game on the Tron Network
Tron recently launched the world’s first idle blockchain game – Magic Academy. The news was revealed in a blog post on the company’s medium account. The game has been developed by BitGuild, a company with the aim of redefining the standards of interaction between players and their games, by facilitating true item ownership.
According to the blogpost –
“Blockchain games completely redefine the relationship between players and developers by facilitating full and true ownership of in-game assets, cheap & safe item trading, cross-game compatibility of items & currency, and more.”
The game will involve the usage of mineable TRC20 tokens called Jade. The currency will be upgraded by buying wizards, warriors, and upgrading items. The purchase of warriors will increase players’ battle power. With more battle power and related items, players can attack other players and steal their Jade.
The Magic Academy will also have rare item prizes based on TRC721 tokens, which will increase players’ battle power tremendously. These rare item prizes can be traded freely among players and the prize will increase 25% each time. Currently, the game is available in English and Chinese languages.
Featured image from Shutterstock.
The post TronWallet Adds New Features in the Latest TRX Update appeared first on NewsBTC.
Source: New feedNewsBTC.com