{"id":4263,"date":"2020-10-08T09:09:21","date_gmt":"2020-10-08T09:09:21","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=4263"},"modified":"2024-04-10T14:55:28","modified_gmt":"2024-04-10T14:55:28","slug":"tron-price-prediction","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/tron-price-prediction\/","title":{"rendered":"TRON Price Prediction \u2014 Ready to Go Up?"},"content":{"rendered":"

TRON has generated a large amount of hype over the past 3 years. From its founder\u2019s infamous mentorship by Alibaba legend Jack Ma, to the project\u2019s ambitious roadmap, it is certainly one of the gems to look out for.<\/span><\/p>\n

Yet, in this uncertain economic period, it\u2019s quite hard to make predictions for TRON\u2019s coin (TRX) future value. Even though we are in the midst of what seems like a bull market, the dynamics of the market seem to be changing on a daily basis.<\/span><\/p>\n

In this post, we take a look at TRON\u2019s past performance since its inception, the opportunities and dangers ahead, and its future potential. Towards the end of this post, we will also offer our very own TRON price prediction. Let\u2019s delve in!<\/span><\/p>\n

A primer on TRON<\/span><\/h2>\n

Being at the forefront of blockchain development, Chinese projects seem to be performing well in positive market conditions. The same can be said for TRX. When it was first introduced to the market, it generated a huge amount of hype, driving its price upwards.<\/span><\/p>\n

TRON was one of the first projects to solely focus on the development of a decentralized platform for content sharing and entertainment – shortly after STEEM. Even in the unfavorable market conditions of 2018, the project managed to acquire file sharing platform BitTorrent and make a significant investment in Poloniex exchange.<\/span><\/p>\n

The same effort and consistency can be observed in its marketing and community building efforts. And there\u2019s a good reason for that. By continuously introducing more functionalities to its blockchain, users can participate in governance decisions of the network (co-create) by staking their coins, and earn rewards along the way (passive income opportunities).<\/span><\/p>\n

Current TRON price trends<\/span><\/h2>\n

2020 has been a rather uncertain year for crypto. From the unexpected COVID-19 market drop, to the FUD of Chinese exchanges, TRON has been experiencing a large amount of volatility.<\/span><\/p>\n

However, when looking at the latest 4-month period, we can confidently say that the coin is recovering from its recent lows.<\/span><\/p>\n

\"tron<\/path><\/svg><\/a><\/picture><\/p>\n

TRX is still way behind some of the most popular altcoins. At the moment of this writing, it is \u00b190% below its ATH, sitting at $0,026 USD.<\/span><\/p>\n

When looking at the daily chart, TRX is no longer following a local downtrend (break above the falling wedge), which could mean that we are poised to see some slow and stable gains within the last quarter of 2020.<\/span><\/p>\n

What drives TRON up<\/span><\/h2>\n

TRX has been performing well against its relatively stable Bitcoin pair. The coin is now nearly 300% up from its March lows and seems to be headed for more. Among others, here\u2019s why we are experiencing positive market conditions:<\/span><\/p>\n

Banking on DeFi<\/span><\/h3>\n

Part of the reason that drove the coin\u2019s price up in relation to the overall performance of the market is DeFi\u2019s increase in popularity. Seeing the high demand for yield farming on the Ethereum network, Justin Sun launched <\/span>JustSwap<\/span><\/a>, a decentralized exchange on Tron\u2019s blockchain. He also introduced <\/span>SUN coin<\/span><\/a>, and the controversial <\/span>Wrapped Bitcoin<\/span><\/a>, which are both quickly rising in the top positions of CoinMarketCap<\/span><\/p>\n

TRON\u2019s attempt to benefit from the DeFi hype was successful since transactions are cheaper and faster that than of ETH.\u00a0<\/span><\/p>\n

\n

#ETH<\/a> will always be the king of DeFi, but other blockchain will start eating ETH market share over the years unless ETH fixes the gas problem soon<\/p>\n

Smart Contract leader based on daily average users:<\/p>\n

ETH = Coca Cola
\nTRON = Pepsi<\/p>\n

Tron gas fee is one penny per smart contract. https:\/\/t.co\/sWKUaUJn65<\/a><\/p>\n

\u2014 Tommy Mustache #\u2764\ufe0f\u2764\ufe0f\u2764\ufe0f (@MustacheTommy) September 7, 2020<\/a><\/p><\/blockquote>\n