TRX Price Analysis
About TRON
What is Tron? Tron's mission is to build a truly decentralized internet and aims to be the largest blockchain-based operating system in the world, known as the TRON protocol. The TRON protocol will offer high scalability, high availability, and high throughput computing to serve decentralized applications via smart contracts. Ethereum EVM-based smart contracts will be compatible and deployable on the TRON network as such Solidity developers do not have to rewrite their applications. Why Tron? Since TRON protocol does not rely on proof of work or mining, instead governed by nodes located around the world, it is decentralized while providing high throughput for transactions on the blockchain. This is suitable for dapps that require high speed transactions especially games. There are a number of tokens already issued on the TRON network and the decentralized exchanges TRX.market has launched. On July 24th 2018, TRON acquired BitTorrent, one of the largest P2P file sharing protocol. As a result of the acquisition, BitTorrent Token (BTT) was launched as the cryptocurrency to power the economics on the BitTorrent network. The Token will be used to inceltivize file sharing and storage within the network.
Market Overview
From a fundamental and market perspective, TRON maintains a substantial market capitalization of $32.78B, underpinned by a circulating supply of 94663860385.6587. Trading volumes are robust, with $917.90M exchanged within the past 24 hours. The most recent 24-hour price change stands at 2.40%, underscoring persistent trading activity. The sentiment, according to the fear and greed index, is notably on the cautious side, with a value of 23 classified as Extreme Fear. Although trading activity remains healthy, the overarching market mood is one of extreme caution, which could precede a reversal should positive catalysts emerge.
Technical Analysis
TRON (TRX) is currently demonstrating notable resilience, as its price stands at $0.35, marking a steady uptrend in recent sessions. The 7-day simple moving average has shifted upwards, reflecting growing short-term momentum. Interestingly, while there is upward direction in the short and long-term SMAs, both the 30-day and 90-day SMAs are trending downward, indicating some lingering bearish sentiment over the mid-term horizon. Overall, TRON's volatility over a 24-hour period remains contained at 0.08%, suggesting steady market participation without extreme fluctuations. The 200-day SMA, also pointing upward, hints at a sustained positive bias in the broader trend, potentially signaling a bullish formation in the making provided current support levels hold.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $0.58 | $0.22 |
| 2027 | $0.73 | $0.26 |
| 2028 | $0.89 | $0.32 |
| 2029 | $1.12 | $0.38 |
| 2030 | $1.44 | $0.41 |
Expert Prediction
Given the interplay between upward-trending short-term indicators and hesitancy in intermediate horizons, TRON appears poised at a pivotal juncture. While negative momentum lingers across some moving averages, the persistent rise in the 200-day SMA and the recent positive 24-hour performance position TRX for a possible breakout pending renewed investor confidence. The prevailing Extreme Fear sentiment signals that market participants are risk-averse, but this very cautiousness may act as a contrarian indicator. With $32.78B and sustained liquidity, TRX could be well-positioned to capture gains sooner rather than later, especially if risk appetite recovers across the broader crypto landscape.
| Volume (24h) | $917.90M |
| Current Supply | 94.66B |
| Market Dominance | 0.00% |
| Circulating Supply | 94.66B |
| Volatility (24h) | 8.02% |
| Fear & Greed | 23 (Extreme Fear) |
Other Price Predictions
