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Should You Buy Tron?

is Tron a good investment, will TRX hit $1 in the near future?

32 Min Read
Last Updated April 13th 2021

Tron (TRX) is the 16th largest cryptocurrency by market capitalization and so far the current challenger to Ethereum’s (ETH) reign as the first mover and king of decentralized finance (DeFi).

With partnerships formed with up and coming developer projects and a quest to compete with Ethereum (ETH) in the new Mania of non fungible tokens (NFTs), will TRON get the largest share of the DeFi market in the near future?

This article takes an in-depth look at TRON, the sixteenth most valuable crypto trading asset, its core area of business, and ─ most importantly for prospective investors ─ the pros and cons which can better help answer the question: Should You buy Tron?

Tron (TRX) has performed extremely well in 2021 having taken advantage of the crypto boom led by parent crypto Bitcoin (BTC). Its novel token Tronix (TRX) has returned 326.30% (Year-To-Date).

The last time Trading Education did an overview of Tron as to whether the price of Tron was going to double as a result of DeFi in the future, TRON had returned 108.19% Year-To-Date (YTD) and was trading at a price of $0.055326.

Before that, another study was conducted in the beginning of March 2021 which had a primary objective of assessing the future potential of the digital asset with the question, is Tron a good investment?

At the time, Tron had performed extremely well, had a price of $0.05 and had returned 87.24% gains Year-To-Date (YTD) for traders and investors. This means the difference in percentage change from the earliest study to this report is 274.03.

Tron (TRX) unlike Litecoin (LTC), a fork of Bitcoin (BTC) and Dash (DASH), a fork of Litecoin (LTC) as well as Dogecoin (DOGE) which basically thrives on a primary function of a transactional currency when adopted by online retailers and mainstream corporations, TRX transcends payment options.

Justin Sun has placed his blockchain technology at loggerheads with the first mover of smart contracts (Ethereum) and has vowed to use its quest of decentralizing everything on the internet to dethrone ETH and move on to colonize the whole decentralized finance space.

In the last week of March 2021, Kusama (KSM), a rising blockchain technology solution founded in 2019 by founder of Polkadot (DOT) and co-founder of Ethereum (ETH), Dr Gavin Wood briefly surpassed Tron (TRX) and EOS.io (EOS) in terms of market capitalization. The wild cousin of Polkadot (DOT), Kusama (KSM), is on the brink of launching PARACHAIN AUCTIONS.

Originally designed as an experimental blockchain platform with a primary purpose of providing a massively scalable and interoperable framework for developers, Parachain Auctions is a new upgrade for Polkadot which would be tested on Kusama first before being upgraded on Polkadot. This has seen loads of developer activity on Kusama (KSM) which bodes well for its price which currently stands at $435.33.

With such a strong competition coming in from DOTs cousin and Polkadot as a single digital asset in the DeFi space coupled with Charles Hoskinson pointing out strongly in the last week of March 2021 that Cardano (ADA) will soon reach full functionality mode, Tron (TRX) has continued to forge new strategic partnerships such as PLAYZA (a blockchain-based casino) to keep up with the competition.

Bitcoin (BTC) has so far led the way in 2021 but in recent weeks, its bullish run has seen a great deal of resistance which has allowed altcoins to take the lead in making huge gains for investors.

On Monday, 5th April 2021, a new surge in price for altcoins such as Tron (TRX), Stellar Lumens (XLM) and Ripple (XRP) pushed the total market value of the crypto finance space to $2 trillion for the first time.

Research Director of data and indexes at CoinDesk, Galen Moore pointed out that “The latest altcoin season has come from digital tokens belonging to so-called smart-contract platforms that could compete with Ethereum (ETH) or complement it”.

Portfolio manager at DeFi-focused crypto fund DeFiance Capital, Arthur Cheong weighed in on the performance of altcoins recently and said “The renewed interest in altcoins also came from unsophisticated retail traders”. A country such as South Korea has been cited as having increased trade volumes as these unsophisticated traders do not perform much research and they are all coming back to the market.

With renewed interest in altcoins, is Tron a good investment, will Tron hit $1 in the near future, will the smart contracts blockchain provide new innovative decentralized applications which will bring strong competition to Ethereum? Will the dream of Justin Sun collapse in the not-too-distant future?

Most importantly, for prospective investors – what are the pros and cons which can help answer the question: Should I buy Tron?

Contents:

Tron (TRX) at a Glance

PROS of Buying TRON (TRX)

CONS of Buying TRON

What Are Analysts And Experts Advising On Tron (TRX)?

How to Invest in TRON?

The Bottom Line: Should You Buy TRON (TRX)?

 

Tron (TRX) at a Glance

TRON was created in 2017 by Justin Sun (a crypto enthusiast) who currently serves as the Chief Executive Officer of Peiwo (social media application) and Rainberry Incorporation (formerly BitTorrent Incorporation) as well as TRON. The cryptocurrency and blockchain technology company is run by the Tron Foundation as a non-profit organization in Singapore.

Tron is a blockchain-based decentralized operating system that aims to build a FREE global digital content entertainment system.

It comes with a distributed storage technology which allows a cost-effective and easy way of sharing digital content.

Tron has created a third-generation blockchain technology that is at the forefront of a digital revolution that aims to take the current Web 2.0 to Web 3.0.

While several blockchains have a single layer, some have two layers and few such as Polkadot (DOT) have four, Tron (TRX) comprises there layers which are storage, core and application. Designed to serve the function of distributing storage protocol which consists of block and state storage, the STORAGE LAYER helps meet the need for diversified data storage.

The CORE LAYER serves the function of supporting the modules of smart contracts, account management and consensus.

Designed to serve the function of supporting the creation and issuance of tokens, the APPLICATION LAYER also releases decentralized protocols and applications.

Its novel token Tronix (TRX) powers the Tron Network.

The primary purpose for the creation of TRON by Justin Sun was to help creators of consumable online content have a say in how their contents can be shared and remunerated. Seeing the great injustice done by the centralized technological corporations, TRON aims to rewire the online infrastructure so that internet users would directly determine the amount of remuneration artists would like to receive for their work through decentralized applications on the TRON Network.

$70 million was raised through an Initial Coin Offering (ICO) in 2017 and TRON like many blockchains operated on Ethereum’s 1.O Network as an ERC-20 token.

TRX first appeared on crypto trading websites on September 4, 2017 at a price of $0.001091.

After September 4, 2017, crypto enthusiasts and fans of the crypto trading asset, collectively known as “The Army” have experienced awesome rides of bullishness and sharp recessions on the part of the digital asset.

Like several crypto projects, TRON has seen a thorough assessment of its blockchain in its ability to withstand hacking and have so far been successful.

Despite all the negativity associated with Justin Sun’s innovation, TRON has so far exceeded expectations in terms of performance surpassing several forecasts by analysts who predicted that TRX will go into extinction mode in the near future.

Tron (TRX) opened on the 4th day of September at $0.001091 and closed the day exchanging hands for $0.0019 with $3,010 as trade volume for the day. With the significant change in price at the end of the month, Tron (TRX) increased substantially in price to close December 31, 2017 at a price of $0.0579. In the process, TRX gained 5,207.06% for investors.

On January 5, 2018, TRON (TRX) reached an all-time high of $0.3004. Following this was an important step by moving away from Ethereum’s 1.O Network where it functioned as an ERC-20 token and switching to its PROTOCOL (an independent peer-to-peer network).

Founder Justin Sun made this announcement via social media platform (Twitter), through his handle, @justinsuntron on 21st April, 2018. Excerpts of the tweet go, “#TRON would not be where we are today without #Ethereum. But we want to solve issues when we see them. Stay tuned for a $TRX airdrop today! Use #TRX to experience our high TPS platform & join the #TRON democracy - #ETH offers neither”.

The issue TRON wanted to solve was related to scalability (speed of processing transactions). Since Ethereum 1.O was based on the concept of Satoshi Nakamoto’s long standing SHA-256 proof-of-work (POW) algorithm, Ethereum (ETH) adopted BTCs problem of not being able to process more transactions per second (TPS) due to its mining process. As a result, 5 to 30 transactions could be processed in a second while TRON Network processes 2000 transactions per second (TPS).

On 24th July 2018, TRON Foundation Officially Completed the Acquisition of BitTorrent after almost a year of negotiations. Justin Sun reported the announcement via social media platform (Twitter) and excerpts of his tweet go “Proud to announce @BitTorrent and @uTorrent are now part of the #TRON family. BitTorrent is supported by over 100 million users. Together, we are building the future of the decentralized internet! Stay tuned for updates #TRONBT $TRX @Tronfoundation”.

Representatives of BitTorrent at the time reiterated that “We believe that joining the TRON Network will further enhance BitTorrent and accelerate our mission of creating an internet of options, not rules”.

The year 2018 was difficult for all cryptocurrencies since Bitcoin (BTC) plummeted when faced with strong opposition in terms of bans of cryptocurrencies by Japan in 2018 and earlier on in September 2017 by China. 

Tron (TRX) opened strongly on the 1st day of January 2018 with a price of $0.1000 and closed the second quarter and first half of the year (June) at a price of $0.0380. TRX ended 31st December 2018 exchanging hands for $0.0201. In the process, TRX followed the bearish season of 2018 for cryptocurrencies and shed 79.9% of its opening price leading to losses for investors.

The bubble returned for cryptocurrencies in 2019 with BTC leading the way, unfortunately, TRON was not a part of the altcoins which followed the bullish patterns of the parent crypto. 

At the end of January 2019, Tron had crossed the $1 billion mark in terms of capitalization.

Despite this milestone, several analysts remained skeptical about the crypto trading asset’s potential in the market for the long term. BitTorrent started its own token sale on the TRON network in February 2019.

Overall, TRX started January 1, 2019 with a price of $0.0208 and at the year’s end of December 31, 2019, closed at $0.0138. In the process, the digital asset lost 33.6538% of its market value.

After HackerOne (a vulnerability coordination and bug bounty platform which connects businesses with penetration testers and cybersecurity researchers) revealed a flaw in TRONs entire blockchain in May 2019 which was debunked by founder, Justin Sun, 2020 saw TRONs Network tested to the limit.

On 2nd November, it was reported by Decrypt that Justin Sun and Super Friends ‘Save’ Tron from Mysterious Hack. The blockchain of TRON was paused for more than 120 minutes after a mysterious attack in the early hours of the morning, Asian Time.

The attacker wanted to profit from the suspension of block production until it was rectified and solved without incident.

With more partnerships announced which gave TRON a stronghold in decentralized finance (DeFi), TRON (TRX) started 2020 strong with a price of $0.0130 on January 1 and closed 31st December at a price of $0.0269 (for the first time in two years, TRX returned gains of 106.923% for investors).

The year 2021 has been tagged as earnings season by experts for HODLers (long term holders of assets) for cryptocurrency investors. TRON (TRX) has performed well having earned 326.30% Year-To-Date (YTD), has a trading price of $0.1135 having shed 8.69% of its price in the last 24 hours.

In February, TRON announced the launch of “GREAT VOYAGE: TRON 2021 Global DeFi Hackathon”. As Tron (TRX) celebrates its fifth (5th) anniversary, the Tron Foundation decided to offer this program as part of the TRON Decentralized Finance (DeFi) Entrepreneurial Alliance Support with $120 million reserved to see the program through. 

The primary goal of this program is to enhance the organic growth of TRON DeFi ecosystem, Tron Parachain slots auction as well as powering SUN with the SUN Network. With this, the Foundation looks forward to building the TRON DeFi ecosystem with the participation of more development teams and entrepreneurs.

With a circulating supply of 71,659,657,369 from a total supply of 100,850,743,812, TRX has a volume of $9,490,410,570, market capitalization of $8,045,039,088 and a diluted market capitalization of $11,423,156,445 in the last 24 hours. There is a bullish sentiment around TRON and its future prospects make it an asset worth consideration on the portfolio of all traders and investors.

PROS of Buying TRON (TRX)

Any organization whether public or private that boldly claims it was extremely resistant to the coronavirus pandemic would be telling lies. COVID-19 has had one of the greatest impacts on the financial markets and cryptocurrencies which do not fall under strict regulations due to its decentralized nature were not spared.

With Bitcoin (BTC) leading the way, Paul Vigna of Wall Street pointed out that the huge sell-off by crypto investors “Was twice the size of the plunge in stocks”.

Bitcoin recovered in the process as a result of renewed interest from unsophisticated traders (traders who do not conduct research on the fundamentals or technical analysis of an asset) and institutional investors. Altcoins such as TRON (TRX) followed the bullish patterns due to positive market sentiment for assets in the crypto finance space.

There are several pros that can help answer the question, is Tron a good investment, is it good to buy Tron now, is it worth investing in Tron and is Tron worth buying? Most of the pros are the advantages or drivers of TRONs price.

Let us take an in-depth look at the pros of buying TRON and how they can impact your trading and investing decisions in the near future.

Tron Relies Primarily On the Possibilities of Its Network (Blockchain), NOT Mere Speculation

After Bitcoin (BTC) started gaining grounds and mildly started achieving milestones in the form of mainstream adoption, several developers decided to join the cryptocurrency space. 

Founder Justin Sun decided to model its innovative technology on Ethereum (ETH) and not Bitcoin (BTC), Litecoin (LTC) or Dash (DASH) since it would confine the digital asset into a transactional currency. If possible, it would become a store of value and compete with Bitcoin (BTC) which had already attained mainstream acceptance by fans of crypto who had even gone on to label it as “digital gold”.

With possibilities of blockchain technology, Sun opted to run on Ethereum (ETH) and become an ERC-20 token so that it could employ smart contracts and compete with other blockchains for a share of the decentralized finance (DeFi) market.

After seeing the scaling problem associated with blockchain which was pointed out strongly in a report by Deloitte which slowed the adoption of blockchains as a technological solution for business organizations, Sun decided to take its creation to its own Network.

In the process, it dumped the SHA-256 proof-of-work algorithm which used too much energy which has led to questions on Carbon emissions and set its sights on competing with Ethereum.

In a tweet on April 21, 2018, Sun pointed out that “From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform. We will compete face-to-face with Ethereum, and we have confidence we will build a large ecosystem; a much larger ecosystem than that of Ethereum”.

On Tuesday, 6th April, 2021, Justin Sun via his social media handle @justinsuntron on Twitter posted an update of TRONs progress in decentralized finance. Excerpts of the tweet go, “Total Value Locked (TVL) in #TRON #DeFi Equals $13.3 billion. All the projects are welcome to join #TRONCenturyMining”.

The last time Trading Education as an e-learning platform did a study on TRON; Total Value Locked (TVL) in TRON DeFi was $7.9 billion. Before that, an older study revealed Total Value Locked (TVL) which stood at $6.2 billion. Based on the last TVL announcement, TRONs DeFi has increased by 68.3544% and with new partnerships announced daily, the TVL would keep soaring in the foreseeable future.

DAPP REVIEW (is a DApp ranking evaluation platform, which is DApp vertical domain self-media, providing users with DApp data, user insight and market data on Ethereum, Tron, EOS and NEO among others) conducted a study on the performance of decentralized applications from APRIL to JUNE, 2020. The research concluded that the transactional volume of the DAPPS market increased by 153.7% from the same period in 2019 to $16.73 billion (a new all-time high).

Tron (TRX) ranked third (3rd) with a volume of $373.58 million which is forecasted to increase substantially with a new report coming out at the end of June 2021. TRON had a total existing application base of 772, 350 were active, 88 were new applications and 528,000 were the total users recorded. The top-performing apps which drove up TRXs volume were CASINO, GAMES, EXCHANGE, FINANCE, SOCIAL and OTHERS.

There is strong developer activity on the Network which has been increased by TRONs Global DeFi Hackathon Program, announced in February, 2021. The categories of entry for developers with interest in the program are Lending, Payment, Decentralized Exchange (DEX), Protocol Interfaces, Analysis & Visualization, Infrastructure, Computing Power-Based Mining, Stablecoin, Insurance and Non-Fungible Tokens (NFTs). 

With the final review of all projects slated for 8th May, 2021, TRON is on the right path towards developing an ecosystem which can give strong competition to DAPPS on Ethereum and other blockchains.

In the last two weeks (March ending and early April), TRON has benefitted from activity on stablecoin (USDT). Stablecoin are digital tokens whose value is pegged to real-world currencies, primarily the US dollar. Founder Justin Sun has pointed out that he fees the real value and application of stablecoin, DeFi on Tron and BitTorrent has been identified.

As per data retrieved from CoinDesk and Coin Metrics, “The daily transaction counts on TRON have been consistently surpassing the transactions on Ethereum (ETH). The number of tether stablecoin transactions on the TRON Network has also beaten count on Ethereum’s Network”.

On Wednesday, 7th April, 2020, Justin Sun added another Stablecoin called TrueUSD (TUSD). Excerpts of the tweet go, “Welcome $TUSD to join #TRON family! Stay tuned for more details of the #TUSD × TRON Collaboration in the future! $TUSD is the world’s most transparent #stablecoin, fully collateralized and independently attested live on-chain!”

Coin Switch (cryptocurrency exchange) sees an increase in price and forecasts $0.54 as the trading price of Tron (TRX) in 2023 due to future successful partnerships.

✅ TRONs Scalability and Processing Fees Attracts Developers

A blockchain’s transaction fee is dependent on how slow or fast it processes transactions. Scalability is directly linked with fees. The faster a technology can scale, the lower its fees and the slower it scales, a congested network is formed and it increases the fees of processing.

As one of the go-to developers of smart contracts, TRON processes more transactions than its primary competitor Ethereum. Since Ethereum 2.O which promises up to 100,000 transactions per second (TPS) is not fully functional, Ethereum’s current Network of 1.O processes ten (10) to fifteen (15) transactions per second (TPS) and has an average gas fee of $153.27 (as per data sourced from YCharts). TRON processes 2,000 transactions per second (TPS) and has an average transaction fee of $0.

Ethereum’s success has been its downfall since there is so much activity on its network which has led to high congestion which has resulted in high fees.

Cardano (ADA) which has also tagged itself as Ethereum Killer can process 1,000 transactions per second (TPS) and can be upgraded to 1,000,000 transactions per second (TPS). So far, Cardano does not have a strong use case which gives TRON a competitive advantage in terms of being the smart contracts which scales faster and provides developers with real returns on their investments.

✅ TRON Has Real World Use Cases and Several Mainstream Partnerships

As a result of Ethereum being the first mover coupled with Cardano’s no use case which has seen many analysts tag it as a ghost chain, many crypto skeptics have asked questions such as, is Tron a pyramid scheme, does Tron have a future, is Tron a scam and most importantly, what are the credible partnerships the company has formed which has a tremendous impact on its authenticity.

In the days of the pandemic where the financial market was brought to a standstill, TRON continued to make partnerships. One of such partnerships was with SAMSUNG. In April 2020, Samsung announced that it has dedicated a section on its Galaxy Store for decentralized protocols or applications (DAPPS) which were developed on the blockchain of TRON.

Considering Samsung is one of the three (3) smartphone giants globally along with Apple and Huawei, TRON DAPPS will be accessible by millions of users. To be more specific, as per data retrieved from Newzoo (the world’s most trusted source for games and esports analytics and market research), there were 992.4 million active Samsung users as of March 2020. Out of this, 400 million users patronize the Galaxy Store every month and download more than 450 million applications (including TRONs) across 188 countries worldwide.

Other partnerships include CoinPayments which has over 2.2 million merchants across 182 countries that have integrated TRX as an option of payment.

Opera Browsers is among the top five (5) web browsers in the world and has more than 320 million users. Opera supports the novel token of TRON, Tronix (TRX) as a result of its LEDGER CAPITAL PARTNERSHIP.

With more than 320 million people getting a chance to use decentralized applications on the TRON network, new use cases are going to bring new activity on the trading patterns of TRX. This would increase trust investors have in the digital asset and its technology which would lead to more adoptions in the future.

On Monday, 22nd March 2021, it was announced on major financial news outlets that TRON has established a strategic partnership with MixMarvel to bring more NFTs and digital content to TRONs ecosystem. MixMarvel is a blockchain game publishing platform and confirmed the partnership by announcing via social media platform (Twitter) and excerpts of the tweet go, “@MIXMARVELGAME #NFT gaming platform has its protocol and wallet integrated by @Tronfoundation $TRX #Tron #TRX”. 

Chief Executive Officer of MixMarvel, Yiyi He – Co – speaking of this partnership pointed out that “TRON (TRX) has one of the most active and biggest communities in the entire crypto finance space and is one of the best known platforms in the blockchain market”.

Such partnerships bode well for the future of TRX as a tradable novel token.

CONS of Buying TRON

Despite the positives associated with TRON and the promise the crypto trading asset shows in the near future, there are many pitfalls that may see it lose further ground in its quest to colonize the whole DeFi space.

Ethereum Has an Advantage as the First Mover of Smart Contracts

Inasmuch as Ethereum’s average transaction fee is too high, the second most popular and second-largest cryptocurrency by market capitalization controls 85.3% of the decentralized finance (DeFi) space. 

Currently, there is $49.71 billion locked in DeFi. The top five (5) tradable tokens (DAPPS) with the most amounts of money locked in DeFi are Compound (COMP), Maker (MKR), Uniswap (UNI), Aave (AAVE) and Curve Finance (CRV) and they all run on Ethereum’s blockchain.

On the new craze which has brought new investors to digital assets called Non-fungible tokens (NFTs), Enjin Coin (ENJ), Chiliz (CHZ) and Decentraland (MANA) are the top 3 performing NFT platforms which is followed by FLOW blockchain which has got links to the Ethereum (ETH) blockchain.

Justin Sun has made partnerships with PROSPER (is a non-custodial, cross-chain prediction market and hedging platform which solves one of decentralized prediction markets’ biggest problems – liquidity) and REEF DeFi (the world’s first cross-chain DeFi operating system which offers its users a smart liquidity aggregator and yield engine which enables trading with access to liquidity from both Central Exchanges (CEX) and Decentralized Exchanges (DEX)) among a host of strategic associations, but he and his team of developers would have to do more.

As per the statistics provided, Ethereum will continuously remain as not only the first mover but the king of DeFi for a long time which does not help TRONs course.

❌ Strict Government Regulation May Set In

With more cryptocurrencies and blockchains being added to an already saturated market, regulators from powerful economies may set in. TRON is supervised by the Company Law of Singapore but due to its decentralized nature, it reaches all manner of markets as a result of the internet. Numerous governments keep warning its citizens about the risks associated with cryptocurrencies. 

Several central banks as a result have started experimenting with the idea of central bank digital currency (CBDC) which will gain more trust and acceptance by citizens since people could hold authorities accountable when investments go wrong. 

For the time being, as a trader or investor, despite the prospects of TRON and all cryptocurrencies for that matter, invest an amount of money you can afford to lose and see where it can take you as per your investment goals. We do NOT know what may happen in the near future.

❌ Strong Competition from Other Altcoins

Many people may have forgotten that aside from Ethereum (ETH) and Tron (TRX), there are other altcoins that are performing well. Polkadot (DOT), Tezos (XTZ), EOS.io (EOS), Kusama (KSM), Cardano (ADA), Gnosis (GNO), Solana (SOL), Cosmos (ATOM), IOTA (MIOTA), Flow (FLOW) and Chainlink (LINK) have more developer activity on their networks than TRON in the last 30 days.

Some of these crypto projects have decentralized applications and NFT platforms that are recording more trade volumes daily. Aside from that, TRONs dAPPS have a fraction of their market capitalizations.

As a result, there are several projects competing for the second spot which does not bode well for TRONs quest to be the king of the DeFi space. Time will tell if TRON will continue to have a future where the crypto trading asset would still make the headlines as a competitor to Ethereum’s dominance.

What Are Analysts And Experts Advising On Tron (TRX)?

Due to the popularity of TRON as a result of its founder being a crypto enthusiast, several analysts have weighed in on the performance of the cryptocurrency in the foreseeable future.

Trading Education has searched length and breadth to find realistic TRON price predictions which can answer the questions, should I buy Tron? Is it worth investing in TRX?

Trading Beasts forecasts the price of TRON to reach the  maximum of $0.1643 by the end of the year 2021 and $0.1963769 in 2023.

The Economy Forecast Agency believes TRON will exchange hands for $0.25 by the end of 2021 and go through a bearish season in 2023 and trade for $0.15

Wallet Investor foresees a trading price of TRON of $0.165 by the end of the year’s end in 2021. The online portal which provides good quality and free-of-charge technical forecasts for cryptocurrency rates further forecasts TRX to trade at $0.241 in 2023 and $0.317 in 2025.

Digital Price Forecast predicts the price of TRON to close at $0.192 by the very end 2021, $0.21 in 2022, $0.252 in 2023, $0.350 by the year’s end of 2025 and $0.542 in 2028.   

Tom Tragett of Libertex foresees the price of TRON trading between $0.55 and $0.75 as a result of increased interest from music and publishing startups in the near future.

Crypto-Rating.com analyst Alex Paulson foresees TRON for $0.18 by 2023 and increase to $0.33 by the end of 2024. Aside from this, the analyst who writes for the ratings website believes the bullish momentum will be maintained which will take TRX to a price of $0.64 to end 2025.

Arthur Webb of Ripple Coin News believes TRON will reach the $1 mark by 2025.

Analysts at Stormgain believe TRON (TRX) will trade for a coin at $0.554055.

At the end 2030, TRON (TRX) will have a trading price of $0.3831, according to the Coin Price Forecast. Coin Switch forecasts a prediction for 2030 which they believe will hit $1. Change Hero sees TRON (TRX) exchange hands in the price range of $1 to $10 in 10 years.

Read More: TRON Price Prediction Forecast

How to Invest in TRON?

With so much controversy surrounding TRON (TRX) as a result of a possible hacking attempt in 2020 and former employees taking the founder Justin Sun and other stakeholders of the organization to court for wrongful termination, is TRON worth the investment of your hard earned fiat currency? 

If it is, then where can you gain assurance for the safety of your coins (TRX) as well as your money?

eToro is the brokerage of our choice. eToro has been in business for a long time and has the necessary certifications and license from regulatory bodies in advanced countries such as the United States (US) and United Kingdom (UK).

Aside from this, it ticks all our boxes in terms of authenticity, scalability and ease of use. 

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The Bottom Line: Should You Buy TRON (TRX)?

If someone tells you there is a perfect crypto trading asset, do not believe it. Cryptocurrencies go through bullish days and bearish seasons. 

As a result of TRONs quest to take the whole Web 2.0 to Web 3.0 where every fiber of the internet is decentralized, it has a competitive advantage in terms of creators in the music and publishing industries opting for its Network as their blockchain of choice.

Tron (TRX) shows great promise with its partnerships and more developer activity from its Global Hackathon Project which will add more innovative applications to its ecosystem. 

This would go a long way towards increasing the overall valuation of the cryptocurrency. The resultant effect would be gains for investors.

Still trading at a relatively lower price than its competitors Cardano (ADA) and Ethereum (ETH), any investor can make a purchase of TRX to serve as a hedge against risky investments which are expensive. 

Monitoring the Twitter handle of Justin Sun sees an expansion of Total Value Locked-in TRON DeFi as well as partnerships for DAPPS and NFTs which is great for the future of the digital asset.

If we are to go by this, TRON is a buy and may be able to make gains for investors who are patient enough to see the real value of the digital asset in the near future.

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