Many investors are now wondering what Tron's prospects are for the coming years. What they are most curious about is whether self-proclaimed rival Ethereum will continue to rise or is about to collapse. Regarding the Tron cryptocurrency, different forecasts are given for 2022, but we will try to give the most likely scenarios.
Tech News
TRON has entered into a partnership with e-commerce service provider shopping.io. Store operators using the platform can now offer TRX as a means of payment. This means that TRON is becoming increasingly popular in real-world applications. Recent price increases should stabilize with news like this.
Tron is part of the new blockchain project The Graph (GRT), which was one of the leaders along with Bitcoin during the price rally in early 2022. The Graph provides centralized access to data from other blockchains, including Tron. The project is interesting for many developers because it can route blockchain data to other decentralized applications as a kind of interface. This means that data and information from Tron is available on other platforms as well.
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What is Tron (TRX) in simple words?
TRON is a decentralized network that positions itself as the most transparent, secure and fastest growing. It is also Ethereum's main competitor today, despite different consensus mechanisms (Proof of Work vs. Proof of Stake).
The Tron blockchain powers such popular applications as Wink (online casino), Justswap (decentralized trading platform) and Rocket Game (online casino and betting). The list is constantly expanding as TRON develops and the community grows.
TRX is the native cryptocurrency of the TRON protocol, which is used to pay for content in various applications, to make fast and cheap payments, and as an investment tool. Long-term TRX holders can lock their assets for 3, 6, 12 months and maintain the security of the project through staking. For example, the Binance exchange supports TRX staking with a yield of up to 12% per annum.
New partnerships with Tron
Samsung was one of the first to integrate TRON into its Blockchain Keystore SDK v1.2.0, which caused the stock price to skyrocket in early 2020. The partnership with Samsung was a strong sign as it would allow TRON to take a leading role in blockchain gaming.
One of the planned uses for the SDK is mobile gaming, a sector that provides direct access to several hundred million people. Nothing is known about specific plans yet, but TRON could benefit from use in mobile blockchain games in the future.
Justin Sun has had to explain himself in the past for inconsistencies early on in a project. Many market observers even suspected a scam at the very beginning. However, TRON was able to prove otherwise through strong partnerships, especially in 2022 when some well-known partners were added (Samsung, XRE Global, Band Protocol).
A 2022 Flipside Crypto study even concluded that TRON's authenticity rate is 90% higher than other blockchain projects. This means that almost all of TRON's announcements, partnerships and innovations are based on real pillars and are more than just marketing.
Brief information about the TRON Foundation
The TRON Foundation is the main developer of the blockchain of the same name. The organization was founded in 2022 by programmer Justin Sun, who released the first version of the Ethereum-based Tron protocol, which later migrated to its own network. The TRON Foundation is very often featured in the cryptocurrency media, as it regularly enters into partnerships and releases updates to its product.
For example, in mid-2022, TRON acquired the file sharing service BitTorrent, and at the beginning of 2022, it entered into cooperation with Tether to release the TRC20-USDT stablecoin. At the end of 2022, the organization began collaborating with the technology giant Samsung, which implemented TRX support in the wallets of the Samsung Galaxy S10 smartphone. TRON was also added to the Samsung Play marketplace.
In December 2022, the TRON Foundation announced that the project's ecosystem includes over 1,400 decentralized applications, which are used by about 10,000 people per day. In the same month, the total transaction volume of TRON-based applications surpassed that of Ethereum.
Tron Forecast for 2022
The question of the price dynamics of Tron is always difficult; it is difficult to formulate the prospects for the Tron cryptocurrency in 2022. But at the end of the day, this is also a question that needs to be answered based on fundamental data, not price charts.
In any case, the weekly chart shows a more than 70% drop in TRX price since hitting a yearly high in April 2021. And the previous 2022 all-time high of over $0.23 has not been reached again.
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Tron cryptocurrency
As we have repeatedly clarified, the decentralized blockchain has managed to give the world many new cryptocurrencies and is aimed at simplifying everyday tasks. But in this particular case of the project, users are interested in 2 points:
- Availability of your own entertainment platform for gaming and authoring the creation of game content;
- Directly the tron trx token.
It is noteworthy that the platform can become a “parental home” for other ISOs, of course, on the TRON blockchain. In addition to the main crypt, there are 2 more investment altcoins - TRON Power and TRON20. It gives the owner of the first super-rights - direct participation in the development of the system. The second allows you to issue your own tokens, that is, in fact, carry out copyright ISOs.
The main difference among the major cryptocurrencies, according to Tim Bernes-Lee, a doctor and British computer scientist (one of the co-authors of the project), is the individual approach to people: “The protocol should be used to help, not to make a profit.”
What’s interesting is that according to this strategy, fund members do not receive any part of the profit, but it is evenly distributed to other projects. And the additional environmental guide is good news. Despite the rapid jump in quotes and capitalization, the cryptocurrency continues to be in the top 10 and the question of its purchase remains relevant.
Tron (TRX/USDT) price analysis on the weekly chart
In the forecast for the Tron cryptocurrency for 2022, we consider the opportunities and risks of TRX, but what is the potential of the currency and whether investors can expect prices to rise are the most pressing questions. Current price is $0.09216.
The Tron price continues its trend of following and benefiting from the macro trend of the cryptocurrency markets. However, as with other cryptocurrencies, Tron could see a short-term price reversal after rising nearly 100% since late July 2022.
Accordingly, on the daily chart we see a rather flat volume, and the RSI indicator signals that the market is overbought. But first, the TRX price broke through an important resistance zone at USD 0.07745. The next moves could be exciting as there are three likely significant resistances directly above the price.
Tron Ecosystem
Since the Tron ecosystem launched in 2022, programmers around the world have contributed various components. It includes not only further development of the actual protocol, but also, more importantly, decentralized applications for blockchain users.
One of the most important components of the Tron ecosystem is governance, which is carried out by the community and elected representatives through TronSR, i.e. possible changes to the protocol are considered and implemented in a relatively decentralized manner. In this way, the project is trying to increase the degree of decentralization.
Having a native wallet allows you to access the native TRX token and various TRC20 tokens. Meanwhile, many well-known wallet providers also support the Tron blockchain and use the project’s convenient solution for this.
Several sidechains have also been developed with the help of Sun Network, which are mainly used as testbeds. But the most important component of the Tron ecosystem is now DeFi.
Tron (TRX/USDT) price analysis on the daily chart
On the one hand, there is major resistance on the daily chart at USD 0.093. This is followed by the 38.20% Fibonacci level at USD 0.097, measured since the year's high. Above this level, a resistance zone will appear on the weekly chart at around $0.10. The latest price level also represents a psychological mark.
Thus, analysis of the Tron cryptocurrency (TRON) allows us to identify the most likely scenarios. They for TRX in 2022 look like this:
- "Bullish". Tron price defies exhaustion signals and breaks through the $0.10 resistance cluster. Such a scenario would be surprising, although not unthinkable. Such an event would likely be seen as a huge force and could lead to further gains to the initial level of around USD 0.13.
- Neutral. Tron price is in a stable price range between $0.077 and $0.10. Some time of consolidation may end with an impulsive breakout. This scenario is considered likely.
- "Bearish". Buyers in TRX price cannot defend either 0.077 or the moving averages below it. A fall below 0.0679 USD could lead to further sell-off to 0.059 USD. A sharp bearish scenario cannot be ruled out, but is currently unlikely.
Fact! Due to the volatile and volatile performance of the market in the past, we continue to see increased risk in TRX from an investment perspective.
The above factor should definitely be taken into account by those who are thinking about whether to buy a coin.
Cryptocurrency Tron prospects
Considering the directions of development of the Tron cryptocurrency, I will clarify that the main fund is located in Singapore, which means it is characterized by stable operation and the absence of any legislative prohibitions (free economic zone, after all). Secondly, this is a policy of free use of content without restrictions, and taking into account the fact that the gaming segment is constantly growing, including taking into account the one that can be created in the platform, the forecast for the Tron cryptocurrency is quite optimistic.
Thirdly, despite the long-term nature of the roadmap of 6 stages, they have been done, which means that the strategy was chosen correctly. Among the main additional areas of future development, the team highlights:
- Reasonable and smooth increase in exchange rate;
- Expansion of markets;
- Attracting more specialists from Alibaba, because they were involved at the stages of “collective intelligence”;
- Used in more than 100 countries;
- Activation of 300 million users to own tokens and create their own ISOs;
- Estimated work for 8–10 years.
Tron Forecast 2021-2025: What do analysts say about the long-term trend?
Making a forecast regarding the development of cryptocurrency prices is a complex topic. The further you look into the future, the more speculative the valuations become. The same applies to the analysis of the Tron cryptocurrency (TRON) chart. However, some analysts and forecasting sites dared to make an assessment and came to certain conclusions.
Cryptoground
The platform uses a deep learning algorithm that learns the past price development of Tron (TRX). Based on this calculation, they estimate that Tron will be worth $0.144 in 2022. This corresponds to a price increase of approximately 27% compared to the current price. In 2022, the value continued to rise and today reached a value of about $0.091.
The long-term outlook for Tron from this site is also positive. By 2024, 1 TRX will cost $0.1741, which means a price increase of more than 400%. They consider Tron's collapse highly unlikely.
WalletInvestor
Analysts disagree with Cryptoground's assessment. They view Tron as a poor long-term investment and believe a crash cannot be ruled out, especially since Tron has had a bearish cycle over the past 12 months. In addition, resource experts consider trading in a bear market, which Tron is currently in, unfavorable.
In numerical terms, this downward trend is expected to continue. In 3 years, that is, in October 2024, 1 TRX will cost only $0.0039. This corresponds to a price reduction of more than 88% compared to the current one.
CoinSwitch
Tron's chances of establishing itself in the market are assessed very high here. Tron TRX price will follow a downward trend with some fluctuations, falling to $0.24 by December 2022. According to CoinSwitch, Tron's long-term outlook largely depends on mass adoption and whether the platform can attract enough startups, artists, and musicians . If this succeeds, Tron could be worth $0.54 by 2023.
main features
Tron is the main newsmaker of the week. TRON blockchain platform founder Justin Sun reportedly paid more than $4 million in an auction for the traditional annual dinner with famous Bitcoin critic and billionaire Warren Buffett. Justin Sun reported this on his Twitter and promised to tell Buffett about cryptocurrencies. The Tron network is characterized by high throughput, reliability and the mission of creating an operating system where every developer can freely deploy their decentralized application. There are more and more people wanting to buy Tron cryptocurrency every day. Online entertainment is another area where the throne is used to great effect and produces excellent results. Every year the gambling industry strives to create fair and new approaches using blockchain technology. And these changes naturally attract new players. In bal to trx the pair is very profitable.
The market needs new gaming platforms based on a fair and transparent system. And in this case, blockchain is the best solution. This is why projects that build their processes using blockchain achieve increasingly higher traffic volumes and become new market leaders.
A new and striking project in this area is the 888 Tron platform:
- The first is a completely decentralized platform built on smart contracts of the Tron blockchain.
- Secondly, the game takes place directly from the user’s crypto wallet; passwords and access to the personal wallet are not requested by the platform and are not stored.
- Thirdly, winnings are instantly paid to the player’s wallet. The payment speed depends only on the throughput of the Tron network.
- Fourthly, from each bet the player receives 888 platform tokens, the purpose of the token is to receive dividends, which are awarded every 48 hours. Holders of 888 tokens receive 65% of all platform profits in the form of dividend payments.
- Fifthly, the 888 Tron platform set a record among all blockchains for the number of payments. One-time dividend payments reached more than 250 million trillion, which in dollar terms amounted to more than 5.8 million US dollars.
Decentralized Finance (DeFi)
This sector is a new decentralized financial system that emerged mainly from Ethereum and smart contracts and is currently experiencing extremely rapid growth.
Tron's focus here is on implementing a decentralized web to build various applications. On the TRX blockchain you can already find projects that represent some classic financial areas in a decentralized form. Due to the rapidly growing DeFi market and Ethereum's limited scalability, we see short-term chances of success in the forecast for Tron.
Results
- TRON (TRX), like the entire cryptocurrency market, suffered from a large-scale correction.
- At the same time, the price has recovered well and is heading towards the previous level of $0.13.
- In terms of market capitalization, TRON remains at the bottom of the list, but could prove to be a profitable coin in 2022 for crypto investors given the current developments.
Cryptocurrency Review
Tron is betting on open source blockchain and decentralized applications. According to the official website, TRX is the fastest growing public blockchain for the decentralized network.
Tron is one of the largest public blockchains in the world, but its focus is primarily on the Chinese market. Many well-known Ethereum applications run on the TRX blockchain in a partially modified form.
For those wondering if this coin is worth buying, note that while Ethereum suffers from high transaction fees, alternative solutions such as Tron benefit from this problem. Thanks to its low level of decentralization and security, Tron can handle more transactions, faster and cheaper. Currently, many users, speculators and investors are considering alternative ETH solutions.
Tron wallet
Of course, it is worth providing a crypto wallet for selling, buying and storing. What is attractive is the wide choice for every investor with large and medium capital. In fact, you can save Tron cryptocurrency on the exchange (convenient for trading within one platform, for example, Binance provides a hot wallet for those who have passed two-step verification). Traditional MyEtherWallet allows you to be secure because all private keys remain under your control. Let’s not forget about compact hardware devices, which, by the way, have fallen a little in price over the past month.
Official wallet
In fact, the Tron company has not yet provided for the presence of a branded wallet, but at the same time indicated that absolutely everyone working with Etherium is suitable. It’s interesting, but information about the creation of a specific application or physical version is not specified in the white sheet and roadmap, but perhaps this will become one of the development points for the next decade. Despite the lack of a branded wallet, there are many options for working with crypto, including those that support multi-pairs.
But over time, the developers nevertheless provided an official version, available on the official website. What’s immediately confusing is that it’s only available in Chinese, but no one has yet canceled the browser’s automatic translation. I would like to draw your attention to the fact that not all fields are translated; hieroglyphs are visible from some. To register, you traditionally need a login and password, a confirmation is sent to your email as standard, and you can start working. The interface is quite clear and simple, you can see how much is there, where and when it was transferred. By the way, there is no critical or laudatory information about the work, but this is also not a bad signal.
Ledger hardware wallet
Despite such solid protection, we have informed our partners that the Ledger nano has been reported to have vulnerabilities, so please take this into account when purchasing it. At the same time, it is worth understanding that today this option is suitable for storing large amounts, and over time it will be simply irreplaceable when Tron moves from the ERC-20 protocol to UTXO. And holding stocks on stock exchanges is not particularly correct.
And in order to use Ledger in working with TRX, we traditionally launch it and download a kind of device organizer, Ledger Manager, selecting the desired token in the application. We remember that the model only supports 5 at a time, so if you have more, we delete it, and when needed, we return it again. In this case, money does not disappear. And if you previously stored your savings on MyEtherWallet, then the hardware wallet will easily synchronize with the first one, and you can quickly transfer the crypt to the material wallet. This scheme is quite practical and greatly simplifies accounting. Plus, it works with many exchanges and currencies. Additionally, you can install MeEtherWallet. I am convinced that adding a hardware wallet is the right step, especially given the development of the gaming industry and the desire to remain anonymous.
TRX forecast for 2022
Considering the prospects of the Tron crypt, I immediately want to focus on the fact that the entertainment industry is growing and gaining momentum, so the total capitalization of this resource today is more than 1 trillion. dollars, therefore, the appropriate coin and technology will be necessary. Plus, the course also supports the fact that the entertainment industry is needed everywhere. For comparison, back in December last year, the TRX token was valued at $0.6, and its capitalization was $4.5 billion. At the beginning of March, the value decreased slightly, but equally, like the entire crypto market indicator. Experts predict an increase of 7–9 times, but so far such a strong jump has not been observed.
I would also like to highlight the fact that TRON is closely tied not only to people who are used to investing, but also to people who are used to simplifying their lives. For example, considering TRON as a means of payment for games or videos, this can become the main feature - a simplified, fast transaction, which has a positive effect on the rate. I will agree with the experts that by the end of the year the rate will approach $0.7–0.9 per coin, primarily due to the demand by ordinary people for blockchain technology in entertainment and payment for it.
