TRON blockchain and its creator Justin Sun are as popular as they are controversial.
Launched in September 2017, TRON (TRX) is a highly decentralized network and one of the largest blockchain-based operating systems today. It focuses on content sharing and entertainment – probably the reason it acquired the file-sharing platform, BitTorrent, in 2018.
The TRON token prices are currently on an uptrend after more than two years of depressing price stagnation. Today (Mid-April 2021), for instance, the altcoin price averages $0.161, representing a 15.55% jump in the last 24 hours, 133% increase in the past week, and a 460%+ jump in the last 90 days.
Real Vision Group predicts that TRON can reach $10 in the next 5 years. The gropu believes that TRON will follow the same steps as Ethereum and will have a considerable increase in its average price. This amount is certainly achievable with the growing number of investors in Tron's decentralized network.
Whether TRON will reach $10 in the next five years is questionable and depends on several factors. According to an crypto data survey, 69.4% of TRON investors believe that it may reach the value of $10 in the next five years.
But how far up can the TRON token prices go? Will its rise to $100 in the next five years? How about punching higher up and reaching valuations of $1,000 or $10,000 in the near future?
We assess the prospects of the token’s future price performance below. We will also tell you if TRON can turn you into a millionaire. Importantly, though, we look at the impact a lawsuit against TRON or Justin Sun by the SEC would have on the TRX price outlook.
TRON Price Predictions for the Next 5 Years
TRON is a very promising cryptocurrency when it comes to its future price. Experts predict several price ranges for the next five years, with all of them predicting an increase in the value.
For the next five years, Digitalcoin predicts that TRON price might be around $0.35 in 2021, $0.65 in 2022, $0.91 in 2023, $1.23 in 2024, and $1.56 in 2025.
Tradingbeasts foresees a relatively smaller increase of TRON (TRX) price in the following years, with the average price approximating to $0.23 in 2021, $0.56 in 2022, $0.81 in 2023 and $1.10 in 2025.
Can Tron Reach $1000?
To answer this, we start by taking a look at TRON’s background and its past price performance.
TRX altcoin had a listing price of $0.0019. Three years and two crypto market rallies later, the token has its all-time-high as $0.3004.
Taking this into consideration, is it possible for TRON (TRX) to reach $100 in the next five years? Crypto analysts and TRX investors – though optimistic about TRON’s future performance – aren’t confident it could be worth as much as $100 in the next five years. Analysts at Investingpr.com, for instance, believe that the highest TRON token value may only rise to around $1.
One of the primary factors influencing this investor and analyst optimism about the TRX token is the ongoing crypto rally. Most are convinced that if Bitcoin breaks into a new price territory, it will create a media buzz about cryptocurrencies that draws in individual and institutional investors. This will, in turn, trigger the trickle-down effect, as some of these investors will opt for such Bitcoin alternatives as ETH. Eventually, the rising GAS fees on the Ethereum blockchain and relatively slow transaction speeds will see them turn to ETH alternatives like TRON, effectively driving up the TRX prices.
Crypto analysts are convinced that even if this theory was to work, only a little of this new investment cash would trickle down to TRON, and their impact on TRX prices would be marginal.
Experts are convinced that it will take an explosive trigger to force a quantum leap of the TRON tokens into the $100 or $1000 price range within the next five years.
Some have even referenced the TRON market cap in a bid to help you understand why the $100 or $1000 TRX price is not feasible.
Here is their argument: The total supply of TRON today stands at 100.85 Billion TRX Tokens. To reach the cheery $100 price, the network would need to attract investments worth at least $10 Trillion – which is more than 5X the entire crypto industry market capitalization today. To reach $1000, TRON would need to amass a $100 Trillion market capitalization.
They, in effect, conclude that for an altcoin that has had a rough time breaking above $0.5 since inception, making it to $100 and amassing a $10 Trillion market cap in five years or in the foreseeable future would be such a tall order.
We must, however, mention that the phrase ‘nothing is impossible’ is alive in the crypto industry than in virtually any other investment sector. The last decade has taught us that anything can happen in this highly volatile, speculative, and unpredictable industry.
Check Out: Will TRON Make Me Rich?
Can Tron Reach $10,000?
It is highly unlikely that TRON will reach $10,000 in the short to medium future.
Outside of being more scalable, faster in transaction processing, and relatively inexpensive, there is not much else to make it any different from Ethereum or other Ethereum forks. Even the TRON roadmap doesn’t have a single wow factor that one can say will inspire its meteoric price jump.
On the contrary, the TRON network and its founder have continually attracted negative publicity to the token since its establishment. Sun was, for instance, accused of plagiarising the Ethereum open-source code in creating TRON. The founder has also been accused of spending more time and resources promoting the TRX blockchain than in developing it further or coming up with upgrades.
Additionally, TRON blockchain has been accused of only attracting superficial partners like Samsung and Opera, who will only support the integration of TRON wallet but not actually engage with the protocol. It has also been accused of limiting its scope. While its competitors like ETH and Chainlink seek to disrupt the entire internet, TRON has decided to concentrate on entertainment – especially the gaming niche.
All these have factors have had a detrimental impact on the appeal of the TRON blockchain to investors and traders and, in effect, the medium to long-term TRX Token prices.
Read More: What Are the Benefits of TRON Trading?
Will Tron Make Me a Millionaire?
Cryptocurrency investments, TRON or otherwise, expose you to significant levels of risk and an equal range of opportunities.
In the recent past, crypto investments have been ranked as the most volatile and most unpredictable – which can bring you unprecedented luck or be your greatest undoing. When accurately timed and with the right investment amounts, TRON (TRX) can be your best step to becoming a millionaire.
The question then shifts from whether TRON can make you a millionaire to how much you need to invest in TRON and under what circumstances if you hope to be a millionaire.
There is no straight answer to either question as making it as a TRON trader involves accurately predicting TRON’s future price action and matching it with the right amount of capital. For instance, if your analysis indicates that Tron TRX token will be worth $1 in the next five years, a 625% price jump from current prices, then you would need to invest $160,000 in TRON today to be a millionaire.
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Is TRON a Good Cryptocurrency To Buy?
Tron is one of the best cryptocurrencies to buy because it is predicted to have a promising future in terms of its value. As mentioned above, Real Vision Group believes that TRON could reach $10 in the long run. Other predictions also are optimistic, predicting that the value of Tron could significantly increase in the next five.
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Will TRON Win Against the SEC?
Unlike Ripple, and contrary to online speculation, Tron is not under active investigation by the SEC. Neither is the blockchain’s founder Justin Sun or his affiliated companies, BitTorrent or Poloniex. There, however, is a supposition within the crypto community that it is a matter of when not if the SEC will eventually file a case against TRON or Sun.
The SRC investigation speculation was given life by a report from Adam Cochran – a partner with Cinneamhain Ventures – when it mentioned that SEC had sufficient grounds to charge Sun. It argued that after investing heavily in Poloniex, financial instruments were created that allowed for leverage trading as well as unregulated depositing and withdrawal of amounts exceeding $10,000 – which is against the SEC guidelines.
On 6th April 2020, New York law firms – Roche Cyrulnik Freedman LLP and Selendy & Gay PLLC – filed 11 class-action suits against several blockchain-based companies, including TRON, for allegedly offering and selling unregistered digital securities to U.S citizens.
These and several other accusations, like the use of American Celebrities to promote the sale and acquisition of unregistered securities, have many convinced that the SEC is investigating TRON and it’s a matter of time before they file a case against Sun even though Sun has already rubbished these claims as falsehoods and fake news.
But, hypothetically, should the SEC’s investigative light turn its shine on Tron (TRX), Justin Sun, Poloniex, and BitTorrent, would they win? How would such negative publicity affect TRON prices?
Given that the SEC has not initiated a formal investigation against TRON or SUN, there is no telling the reach of such an investigation – if it ever materializes. It, therefore, would be hard to tell if it would walk free like Ripple or forced to pay a hefty fine UnitedData or EOS.
But like in the case of XRP and EOS, such an investigation would through the bullish TRX price trajectory off course. It would take a lot of time and even more of Justin’s marketing to help the token recover, even in the case of a win.
- TRON is currently enjoying a bullish rally that started gathering pace in late 2020.
- Experts are optimistic about TRON’s future price performance, but can only bet on the token reaching $1 in the next five years.
- Both technical and fundamental analysis of the TRON price indicates that it will be highly unlikely for the token value to reach $1,000 or even $10,000 in the short to medium future.
- Tron was among the blockchain-based companies charged with offering and selling unregistered digital securities in a class-action suit in New York.
- Speculation is rife about the impending SRC investigation and possible lawsuit against TRON and Justin Sun companies.
- SERC is yet to pronounce itself on whether it is actively investigating TRON, Sun, Poloniex, or BitTorrent and if it intends to prefer charges against either entity now or in the future.