The post Tron Price Prediction 2024 – 2030: Will TRX Price Reach $1? appeared first on Coinpedia Fintech News
Story Highlights
The live price of the Tron coin is $ 0.13190391
Tron crypto could reach a maximum of $0.20 by 2024.
TRX coin price could go as high as $0.73 by 2030.
As the 11th biggest altcoin per market cap, TRX price shows a persistent upward journey amidst the highly volatile crypto market. Further, being the second biggest player in the DeFi world, Tron is making a huge comeback after the bear market 2022.
With a remarkable annual growth of 98% in 2023, the uptrend momentum continues to grow and shows a breakout rally. With the overall market taking bullish influence, questions like: “Is TRX a good investment?” are rising in the crowd.
With Coinpedia’s technical analysis, recent updates, developments, and various price prediction methods, be ready to ride the TRX price action for 2024 up till 2030.
Table of contents
Story HighlightsOverviewTron Price Action August 2024TRON Coin Price Projection Q3 2024TRX Coin Price Forecast 2024TRON Price Prediction 2025TRON Classic Price Targets 2026 – 2030TRX Price Prediction 2026Tron Coin Price Projection 2027TRON Crypto Price Forecast 2028TRON Token Price Action 2029TRON Price Prediction 2030Market AnalysisCoinPedia’s TRX Price Prediction Reality Check: Obstacles on the Road to $1Historical Price SentimentsThe Verdict: Will TRX Hit $1 by 2030?FAQs
Overview
CryptocurrencyTRONTokenTRXPrice $ 0.13190391 0.16% Market Cap $ 11,470,842,318.2179Trading Volume $ 329,972,268.7467Circulating Supply 86,963,623,329.3168All-time High $0.3004 on 05th January 2018All-time Low $0.001091 on 15th September 201724 High $ 0.000024 Low $ 0.0000
Tron Price Action August 2024
With the increasing price volatility, this altcoin has jumped 73.65% over the past year. Moreover, at a circulating supply of 86,964,424,000 TRX tokens, it has secured the 30th position with a market cap of $11.464 Billion.
TradingView: TRX/USDT
A positive influence could push the Tron coin price toward its high of $1.360. However, if bears dominate, this altcoin could retest its crucial support level of $0.1275.
MonthPotential Low ($)Average price ($)Potential High ($)August0.12750.13270.1360
TRON Coin Price Projection Q3 2024
If the market regains momentum, the TRX coin price could breach its resistance level and record a high of $0.14425 by the end of Q3.
On the flip side, if the bears continue to dominate the market, this could result in it plunging toward its low of $0.1275. With this, the average price could settle at $0.1370.
QuarterPotential LowPotential Average Potential HighQ3$0.1275$0.1370$0.14425
TRX Coin Price Forecast 2024
If the TRON ecosystem continues to gain momentum in 2024, the TRX coin price is expected to reach the height of $0.20.
On the downside, if the TRON ecosystem faces regulatory pressure and fails to gain momentum in the adoption race, the TRX price might drop to $0.080. Therefore, traders can expect an average price of $0.140 for TRON in 2024.
Year Potential LowPotential AveragePotential High2024$0.080$0.140$0.20
TRON Price Prediction 2025
Considering the growth of the Defi ecosystem, the TRX coin price is expected to boom. Investors can find the TRX coin price sustaining above the psychological barrier of $0.20 and create another swing high at $0.25.
In case of a bearish correction, the TRX prices might slide down to $0.076, making an average price of $0.1465.
Year Potential LowPotential AveragePotential High2024$0.076$0.1465$0.25
TRON Classic Price Targets 2026 – 2030
YearPotential Low ($)Potential Average ($)Potential High ($)20260.0930.17650.2620270.1140.2370.3620280.2340.3370.4420290.2970.44350.5920300.41670.573350.73
TRX Price Prediction 2026
By 2026, the TRX coin price is expected to hit a high of $0.26, surpassing the next crucial psychological level of $0.15. In case of an economic slowdown, the TRX price is expected to make a low of $0.093, with an average of $0.1765.
Tron Coin Price Projection 2027
With a potential recovery in 2027, the TRX price is expected to continue the bull run and retest the high of $0.36. On the flip side, the TRX crypto can bottom out at $0.114, with an average of $0.237.
TRON Crypto Price Forecast 2028
With continued bullish momentum in 2028, the TRX price can form a range between $0.234 and $0.44, with an average price of $0.337.
TRON Token Price Action 2029
Coming a step closer to its all-time high of $0.59 in 2029, the TRX price is expected to surpass the psychological barrier. Creating a new swing high at $0.297, the TRX crypto might form a low at $0.297, with an average of $0.4435.
TRON Price Prediction 2030
TRX coin price is expected to create a new all-time high of $0.73 in 2030. With a potential low of $0.4167, the crypto will have an average price of $0.57335.
Market Analysis
Firm Name20242025Trading Beasts$0.10$0.116SwapSpace$0.078$0.0826DigitalCoinPrice$0.19$0.27Long Forecast$0.129$0.111
CoinPedia’s TRX Price Prediction
Based on Coinpedia’s TRON price forecast, the anticipated price of the TRON cryptocurrency could potentially peak at $0.20 this year.
However, should bearish trends prevail, the value of TRON might plummet to a low of $0.080. Consequently, the expected average price stands at approximately $0.140.
We expect the TRX coin price to reach the height of $0.20 by the end of 2024.
YearPotential Low ($)Average Price ($)Potential High ($)20240.0800.1400.20
Reality Check: Obstacles on the Road to $1
While the future is bright, TRX will face challenges in reaching $1. Key among the risks:
Competition from other blockchains like Ethereum, Cardano, and Polkadot that have large developer communities and resource advantages. Emerging layer-1s are also racing to scale.
Regulatory hurdles remain if governments restrict crypto usage or impose new rules around decentralized applications. Increased scrutiny could dampen growth.
Market volatility is inevitable, as seen from past crypto winters. One uncertain macro event may lead to sudden price drops, impairing TRX momentum in the short term.
Historical Price Sentiments
TradingView: TRX/USDT
The Verdict: Will TRX Hit $1 by 2030?
Weighing the possibilities of support and resistance, it seems unlikely that TRX will reach $1 by 2030 based on the obstacles that could stifle momentum over such a long period.
However, the crypto market is unpredictable, and if TRON’s execution remains strong while gaining more adoption year-over-year, breaking this barrier may happen sooner. Ultimately, long-term price predictions spanning over half a decade should be taken with a mine of salt.
Do thorough research, understand risks, and only invest what you can afford to lose for maximum safety in this volatile space.
FAQs
Yes, Tron coin is a profitable investment, if considered for the long term.
The Ethereum ecosystem is currently facing a serious problem of huge gas fees. Therefore, addressing the issue, Tron Blockchain claims to lower transaction fees.
According to CoinPedia’s TRX price prediction. The digital asset could close its trade with a maximum price tag of $0.25 by the end of 2025.
TRX’s price could hit its potential high of $0.20 by the end of 2024.
Considering you invested in TRON on 1st August 2020, you would have made a 723.56% return. In simple terms, you would have made 7.23 times the profit on your investment. Therefore, the $100 invested in Tron on 1st August 2020 will be worth $823.56 on 1st August 2024.
At present, the analysis projects a potential high of $0.73 for the TRX coin price in 2030. However, with increased adoption and rising demands, the TRON price can reach $1.
TRON’s TRX is available for trades across prominent cryptocurrency exchange platforms such as Binance, Coinbase, Zebpay, and Kraken.
At the time of writing, the price of 1 TRX crypto was $0.13176.