Can TRX Hit $100?


TRON (TRX) is a Blockchain-based decentralized network that uses blockchain technology to unleash an unchained digital content entertainment structure. This system will allow for cheaper and more accessible sharing, storage as well as distribution of data.

Tron (TRX) is one of the most popular cryptocurrencies in circulation today, with over $4 billion. Moreover, it ranks among the top 30 coins by total capitalization. Let’s take an in-depth look at TRX, its price prediction prospects, as well as factors that affect it.

What Is Tron (TRX)?

Justin Sun, the founder and CEO of TRON, was inspired by his father to create this project. He started it in 2017 after raising 70 million dollars through its Initial Coin Offering (ICO). This became one of the largest ICOs at that time. Furthermore, it increased cryptocurrency popularity even more.

Tron is one of the largest cryptocurrencies, with a capitalization of over $6.4 billion. Its 24-hour trading volume exceeds 1 billion dollars. Additionally, it ranks among the top 30 coins with a circulation supply of 71 million tokens.

TRX was initially created on Ethereum’s ERC-20 blockchain as it offered a quick and easy solution for running the peer-to-peer network. But later, Tron developers decided they wanted their custom-made chain, so TRX switched over too.

The TRON protocol is a blockchain using proof of stake mining and validation consensus algorithm. It was one of the first cryptocurrency projects to implement this solution. Its primary use case being support for content creators by providing ownership over their creations.

Tron Technical Analysis and Price History

Over the past years, Tron Cryptocurrency has seen tremendous volatility.

The TRX saw a fall in the second half of 2019 back down to $0.04 at the end of September. It finally found some support around exchange rates at $0.11

Tron was riding high in early 2020, reaching a new all-time high. The price then fell and hit the ground hard just two months later at $0.026 per TRX in February.

As TRX prices fell through previous support, it set a new low at $0.07. However, slow recovery from thereon created an upward trend by the end of 2019 September. In 2021 around February, the price surged to $0.065.

What to Expect From Tron’s Price in 2021

There is a lot of buzz around Tron right now, with many experts predicting that it will end the year on a $1 mark. However, the fall of Bitcoin might affect the coin. Bitcoin is the critical determinant of the crypto ecosystem. If the king of cryptocurrencies keeps pushing higher, we can expect Tron’s price to reach $1 in 2021.

Can Tron reach 100 dollars?

Crypto analysts and TRX investors have been optimistic about the future of this cryptocurrency. Yet, they aren’t confident it could be worth as much soon. Analysts believe that the highest values might only reach around $5.