TRON (TRX) is an open-source decentralized cryptocurrency. Tron was founded by the TRON Foundation company, which is registered in Singapore. The TRON project is a platform designed to host various entertainment content. Content authors completely control the process of its placement, promotion, and monetization. TRX coin works as a unit of account in a blockchain application where content creators are able to receive rewards for its distribution. TRON coin is quite popular and has several advantages. Such as a strong team, a clear roadmap, product relevance, and smart targeting. But there are also a number of disadvantages. For example, TRON is often accused of plagiarism, centralization of the system, and some people don’t like the excessive ambitiousness of developers.

TRX statistics

Here you can see the TRX crypto statistics from CoinMarketCap:

TRX Price Prediction

Continues lateral movement in the global descending triangle on the daytime timeframe. Buyers lack the strength to break through the inclined resistance level. The support level at $0.047 is actively buying off at good volumes. We are watching the situation.

Let's find out what crypto analysts think about the TRX price.

Let’s start from TradingBeasts TRON price prediction:

Here is the TRX coin price prediction by Walletinvestor:

Tron Price Prediction 2024

In 2024, Tron (TRX) is expected to see moderate growth, with predictions suggesting an average price of around $0.14. If the TRON ecosystem gains momentum, the price could reach as high as $0.20. However, potential regulatory pressures could cause the price to drop to around $0.08. As always, cryptocurrency markets are highly volatile, and these predictions should be approached with caution.

According to the Digitalcoinprice the TRON price this year will be the next:

Crypto community about TRON

TRON has a very strong community that always supports the project on Twitter, Reddit, and other social networks. Nevertheless, the project is under the high pressure of its opponents. What do famous persons and members of the Crypto World say about the future price of TRON?

Startup investor and advisor, Qiao Wang, tweeted that in his honest opinion the TRX price is too high: "XRP/TRX/LTC price is too high imo"

CEO and Co-founder of Aerojet Middle East, Irina Duisimbekova, compared ETH and TRX on Twitter: "The difference between #eth and #trx is that first one supply 109 million and the second one billions. The price of #Trx will never reach the price of #eth. Stop dreaming clown!!"

Harald Schendera who is the owner of Schendera Internet Services published the TRX price analysis at the beginning of June: "Tron (#TRX) Price Analysis: Signs of A Strong Rally To $0.02: * #Tron price is trading in a positive zone above the $0.0160 resistance zone against the US Dollar. * #TRX price is facing a short term hurdle near the $0.0172 level. * There was a break…"

Zia UL Haque, a trader and a crypto analyst, stated that TRX holding is quite risky but the TRX coin price might rise: "TRX #Tron @justinsuntron Always risky to Hold TRX, this can push price as per chart 174-198. I never like #TRX but this is for people who are interested. DYOR before any investment. If taking entry - Exit at decent profit."

The TRON platform is a very ambitious and interesting project. And in the current situation, it is in demand. But we must remember that investing in it involves considerable risks. Although long-term investments can bring considerable profit.

Thank you for your attention to this topic. SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. All investments are your personal responsibility.

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