Will Tron Reach $1?
Most of the cryptocurrencies that came after Bitcoin are struggling to come out of painfully low prices. And even as interest in cryptocurrencies increase, some of these new coins are still stuck at low prices as giants like Bitcoin keep soaring and breaking records.
One of the new cryptocurrencies that has been having a hard time getting out of a low price is Tron. Recently, the coin witnessed a slight surge after the market-wide bull run that started this year. It has also been partnering with other institutions to give itself a bit of credibility and hopefully rise in value.
However, the Tron price is still too low, and most people are now wondering if it will ever hit $1. To put things into perspective, let’s look at Tron’s current price and the performance so far in 2021
Tron Current Price
According to data from CoinDesk, Tron is currently trading at around $0.10. It has a market cap of $7.5B with an all-time high price of $0.3004. The coin has been on a promising uptrend for the past one year, with the price rising from as low as $0.01 in April 2020.
Just like most coins, Tron started 2021 on a bullish note. At the start of January, it was going for around $0.0267, and by mid-February, it had reached $0.05. Towards the end of March, it hit $0.06, and by early April, it was at $0.09. Before mid-April 2021, the price of Tron hit $0.1, where it currently trades.
And as you can see, although there has been substantial growth this year, the price is still dragging and might be long before it reaches $1.
Read More: TRON Price Analysis
So, when will Tron actually hit $1?
Let’s take a look at what the experts have predicted.
When Will Tron Reach $1?
So, where does TRON stand nowadays? With a current price of $0.15 per coin, Tron might have the potential to reach $1.
But, will TRON indeed reach $1?
Many analysts agree that it is possible.
Market Data Analysis predicts that by the end of 2023 TRON could reach $1 and actually exceed it by going all the way to $2. Digitalcoin also predicts TRX could get close to $1, but not sooner than after 2030. And Trading Beasts seems to validate this forecast, believing that Tron may get a little closer to $1 by reaching $0.15 by December 2024.
While many price analysts do not see Tron reaching $1 any time soon, they all agree that it might eventually do so.
This might take a few years, but if the current trend holds, Tron might achieve this price earlier than we expect. However, looking at the current prices, it is a bit hard to tell when exactly will Tron reach $1. None of the price analysts we have looked at seems to think that possibility will be achieved any time soon.
There have been some bullish predictions in the past that indicated Tron would reach $1 mostly by 2020. For instance, CoinTame had predicted that the coin would be worth $1 by the end of 2020.
Investing PR predicts that Tron might be worth $1 by 2025. CoinSwitch pushes the prediction further ahead and bets that the coin will reach $1 by 2030. According to CoinSwitch, Tron has good potential to grow and hit this price even sooner given its unique technology, growing community and dedicated team of developers.
Generally, most of the other sites are still a bit unsure when Tron will reach $1. Digital Coin Price, for instance, believes that that goal might not be achieved even in 2028, where the coin might be trading at around $0.48.
Wallet Investor also doesn’t think Tron will achieve the $1 milestone in the next five years. According to the site, the coin will be worth around $0.50 by the end of 2026. Long Forecast is even more bearish as it believes that Tron will be trading lower than it is right now by 2025.
So, while there is some positive outlook for Tron in the future, some industry experts do not seem to think it is ready for a $1 price. But again, cryptocurrencies are good with surprises, given their volatile nature. So, we might see Tron at the $1 mark sooner or later, these predictions insinuate.
Will Tron Recover?
Although Tron price looked up during the market-wide summer of early 2021, it is still struggling to reach its current all-time high price. Just like most other cryptocurrencies, the coin lost most of its value at the peak of the coronavirus pandemic and has since been trying to resuscitate its price.
So far, the effort seems to be paying off. With an active community of developers and a pool of partners, Tron might soon see another surge that will take it to $1.
However, for this to happen, the crypto market, in general, has to be conducive. That is because, if the market were to crash in the next few months, Tron’s chance for revival will be severely limited.
Luckily, Bitcoin is setting a good pace for other coins, and even if the market were to crash, it wouldn’t be as bad as previous crashes.
Tron’s price recovery also depends on how effective the current partnerships become. If they can help the coin see faster mainstream adoption, they will also subsequently help its price grow.
Already, Tron is seeing a lot of progress, and most experts expect it to hit new milestones this year. For instance, just recently, Tron surpassed Ethereum to become the network with the highest amount of USDT. This was after Tron’s USDT hit $24 billion, which is way more than the Tether on Ethereum. Such milestones will help Tron recover and surpass its previous high prices soon enough.
Will Tron Eventually Reach $5?
Although Tron is currently growing on a snail-pace, there are good prospects that the price will grow and even eventually reach $5. However, this might take a long time, especially if the coin doesn’t find a catalyst to speed up the current growth.
If Tron were to reach the $5 milestone any time soon, the current investors would rip big benefits since they are buying while the price is still too low. For that to happen, Tron would need to look for better ways to make the crypto market and investors appreciate its value and the solution it is bringing to the financial market.
As you can already tell from our discussion, the $5 mark is a pretty hefty one for Tron, and we might have plenty of waiting to do before it reaches there. The momentum that picked up in March 2021 is quite promising, and if that keeps up, Tron might reach $5 sooner than we expect.
What Will Tron Be Worth in 2025?
It is evident that Tron will be worth much more than it is now by 2025. Of course, the predictions so far differ widely, with most being bullish.
For instance, Digital Coin Price predicts that Tron will be worth around $0.27 by 2025. Wallet Investor is also bullish but a bit more optimistic. It predicts that Tron will trade at $0.36 at the start of 2025 and close the year at around $0.44.
Although this is a good improvement, it doesn't help much to hasten the rally to the $1 milestone. But it is still a pretty hopeful prediction compared to what Long Forecast is giving. According to Long Forecast, Tron will only be worth about $0.11 by 2025. T
As you can see, although Tron might not reach $1 by 2025, it will be closer than ever. And since we cannot predict with certainty given the volatility in the crypto market, we might even see $1 or above in 2025.
Will Tron Reach $1,000?
If the current price is anything to go by, it is unlikely that Tron will reach $1,000 any time soon. In fact, we can’t tell for sure if that price will ever be achieved.
But again, the crypto market is quite unpredictable. When Bitcoin was trading as low as Tron is right now, few people believed it would ever reach $1,0000. It has now surpassed $60,000 and doesn’t seem to be slowing down any time soon.
So, while the current price is bleak, Tron could reach $1,000 sometime in the future. Maybe not as fast as Bitcoin, but there is a possibility it could get there.
Based on the current predictions and price history, Tron might not reach $1 in the next three years. The coin still has a long way to go before it finally joins the high ranks in the crypto market. However, the $1 milestone is quite achievable, and if Tron encounters the right catalysts, it could be sooner than we expect.
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