Tron (TRX) Price Prediction 2024 – 2030 And Expert Views

Key Takeaways

• Tron (TRX) could hit $0.3 its previous all-time high as bullish price action and fundamentals confirms this price rally.

• Technical analysis and expert price prediction for TRX heading into the bull run as price eyes new highs of $1.

• Tron’s (TRX) short-term price target for 2024 could be $0.3 with key support and resistance around $0.16 and $0.3 respectively.

The Tron (TRX) Network and Why It Matters

Tron (TRX) network has remained a big name in the cryptocurrency space for years now after managing to transition from the Ethereum blockchain as it has become a major competitor and figure in the cryptocurrency industry boasting of fast transaction speed, low gas, and highly scalable for developers to build dApps (Decentralized Applications). 

After its purchase of BitTorrent, Tron (TRX) received some notable collaborations and has since continued to build a strong crypto community. It has upgraded its privacy and security and is compatible with payment platforms such as CoinPayment.

A key figure in Tron’s (TRX) growth has been Justin Sun. Blockchain technology continues to see much advancement, making its blockchain and ecosystem conducive for developers looking to build on its network through TRON’s virtual machine.

The Tron Virtual Machine (TVM) has been the real starting point of the Tron ecosystem. Developers can make applications in TVM and run ETH-based apps, and the Tron Foundation will work to expand its transactions per second (TPS) to demonstrate Tron’s speed against competitors.

TVM is the bread and butter of Tron. It’s the engine Tron runs TRX. Think of it as the App Store or Google Play store equivalent for Tron (other articles have called it the “McGyver” of crypto). It is where creators can use this technology to create the future. 

Experts call Tron (TRX) the future of entertainment and advise that this is the right time to invest in the project as the market continues to show signs of upward movement. Justin Sun, for his part, boasts about Tron’s success and capabilities, labeling the platform as the “Ethereum killer” as Tron Dapps continue to dominate the cryptocurrency marketplace.

TRX Price Prediction Tomorrow

Source – TRX Price Chart From TradingView

The price of TRX, after creating a new all-time high of $0.45 and being speculated to be headed to $1 has suffered a significant decline in the past few days. The price looks set to retest key support of $0.21 to $0.2, which corresponds to support at the 200-day EMA. A bounce around this region for bulls would be expected.

Tron Price History 2018, 2019, 2020, 2021, 2022-2024

Tron’s bull run of 2021 created one of the biggest mind-blowing price movements in the cryptocurrency space, revolutionizing the interaction of applications with blockchain technology. This also affected its price as the price of Tron (TRX) climbed the ladder, creating new highs. 

Despite that, it found very good ground in 2021, pushing its price higher compared to previous years. Indeed, after the crisis with the Coronavirus in 2020, the coin fell to its lowest price since it was released to the market. This was very negative for this virtual currency, and it took an entire year for it to recover. During the 2020 crash, TRX was traded close to $0.01.

Much is also expected in Tron (TRX), with the bull market just around the corner. However, historical data shows that TRX has had a tough moment, with declining prices from 2022 to 2023, after enjoying a huge price recovery in 2021. The price dropped later to a low of $0.03 before making much price movement towards the end of 2023, trading above $0.12 for the first time in over a year.

Tron (TRX) has strong fundamentals that suggest it could perform well ahead of the bull market. Let’s discuss some expert opinions on TRX price predictions for 2024-2030.

TRON’s Price Prediction For 2024

Source – TRON Price Chart on TradingView

Tron’s (TRX) price chart has demonstrated one of the most bullish in the cryptocurrency space. Many analysts and traders believe TRX could trade above the high of $0.25, inching closer to its previous all-time high of $0.3.

An analyst on X named CryptoKaleo took to his handle to describe how similar Tron’s (TRX) price chart is to QTUM, breaking out with much aggression as bulls continue to dominate the chart. 

The same is seen with TRX price as bulls could buy the price of Tron (TRX) up to $0.3 before the year ends as this can also be confirmed with price respecting its 50-day and 200-day blue and red EMAs (Exponential Moving Average), respectively.

If the price of Tron (TRX) retraces, we could see a price holding off sell orders by around $0.16 on daily and weekly timeframes. 

Short-term target – $0.3

50-day and 200-day EMA Sentiment – Bullish 

Market Sentiment – Bullish

Long-term Tron Price Prediction For 2025, 2026, 2027-2030

Conclusion

The positive developments around Tron over the past year and the bullish charts above all point to a positive future for the price of TRX. Investors and traders should research more about Tron (TRX) and how fundamentals and technical analysis highlight its bullish trend.

Frequently Asked Questions (FAQs) For TRX Price Predictions

Will Tron Reach $10

TRX’s price can’t hit $10 in the current bull market, as this would require tremendous adoption and demand for this crypto token.

How Much Will TRX Be Worth In 2025?

TRX price analysis by analysts is speculated to go as high as $2 in the current bull market.

Can TRX Reach $10?

No, although analysts have had different speculations, for the price of TRX to rise consistently to that high would require exponential growth for this crypto token.

Does TRX Coin Have A Future?

TRX’s future is not debatable, as it has contributed to huge adoption and growth in the cryptocurrency space.