The project has made a lot of progress without a doubt. The Sun-led blockchain, Tron, become the world’s premier platform for the development and deployment of decentralized apps, and it’s also essential when it comes to smart contracts. The daily trading volumes within many apps are quite impressive, and the user-base has been growing steadily for months.
And yet, nothing of that seems to help the TRX price, which remains stuck beneath the three cents mark. Not even the current market trends, which are decidedly bullish, have helped Tronix to go up in value significantly. That’s why some holders are losing their patience, selling their TRX and going away, looking for greener pastures.
So what should you make of the current price? Should you expect Tronix to reach ten cents in the future? In this article, we’ll try to answer those questions.
First of all, price isn’t everything. Yes, it’s vital, but there are other things to take into account. Fundamentals, for instance, are essential because they can guarantee a project to succeed in the long-run, and Tron’s fundamentals are among the most robust in the crypto verse. Another factor to take into account is total capitalization because that tells you if the market is supporting a project or not, even at lower prices. In Tron’s case, the capitalization is of almost USD 2 billion, which is high enough to make it the 11th cryptocurrency by capsize (keep in mind it was 56th only a few months ago) in the world.
That matters a lot because it tells you that the market really likes Tron. So why is the price so low? Because the current supply of TRX tokens is beyond 66 million, so the value is there, but it’s quite diluted among so many existing tokens. These facts alone should be enough to dissuade you that there’s not enough value in Tron. But let’s dig a little deeper and talk about Tron’s future prices.
So is Tron ever going to break the ten cent barrier? It will. We’ll answer this question by giving you the most conservative forecasts for the future we could find. These are not ours, but they come from more authoritative sources who’ve studied the Tron ecosystem seriously, and they have their own conclusions.
- Investing in PR. This firm believes that Tronix will be worth a full dollar at some point during the next five years. On average, that would mean that, on this year alone, TRX would reach a price twice as high as ten cents.
- JioMobilePhone1500. This company’s analysis is quite optimistic. It believes that the current year will be quite promising for Tron and that it will go up, without reaching USD 5,00. So in this view, 10 cents is a very low estimate. The forecast for 2020 by Jio is of USD 47,00. That’s quite optimistic.
- Cointame: Cointame is very conservative, even pessimistic. It believes that Tron will reach only USD 0,633 by this year’s end. That’s more than six times USD 0,10
Chances are that Tron will go over ten cents for sure, even by the most conservative standards. Maybe not this weekend, or this month, but it will happen. So sit tight, have some discipline and patience because TRX will get there with or without you. But wouldn’t it be so much better if it was with you?
Disclaimer: We have no affiliation with Tron Foundation neither any alliance with them. Not at all. The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.