Key Takeaways:
- Tron price closed the previous day’s trade at $0.05807 with a market capitalization of $6.09B and a circulating supply of 101.7b TRX
- The TRX price is showcasing extreme volatility at the moment and hence a significant bounce may be witnessed in the later hours, but may not be sustained for a longer time.
Tron Price Prediction: Will TRX Price Hit $0.5 in 2022?
Tron’s price rose extremely high amid the 2021 bull run but very soon plunged more than 70% to regain the eliminated zero in its price. However, the asset yet again tried to rise high but eventually ended up slashing its value to a large extent. No doubt it is constantly attempting to prevent further loss by flipping strongly after hitting the lower levels, yet is unable to maintain the uptrend.
Due to immense external factors, the markets have become extremely unpredictable and may remain until it attains a little stability. And hence the TRX price may continue swinging within the current descending trend for some time more until the market pops out a stagnant trend. And this may be when the price may strongly break through the bearish channel and rise high.
The first half of 2022 is speculated to be extremely uncertain which may get stabilized in the second half. And that is when one can expect a decent jump with the prices. The price may yet again hit $0.04 and ignite a rebound. Therefore the rebound may raise the price towards the immediate resistance close to $0.08 by igniting a 40% surge by the end of Q1 2022. Further undergoing a couple of ups and downs, the price may eventually attempt to hit $0.1 by the end of Q3 and hover above these levels to end the yearly trade.
Additional Read: Top Crypto News for Today, 28 February 2022.
Tron Price Analysis: How High Will TRX Crypto Price Go in 2022?
The Tron price in the short-term & long-term is extremely bearish, while in the long-term, the price is displaying possibilities of ranging high. And hence despite the bearish trend prevailing within the crypto space, a strong uptrend may not be completely nullified. And therefore, after the uncertainty eases a little, the TRX price is all set to ignite a notable uptrend.
During the first phase of rebound, the price may try hard to test and clear the immediate resistance at $0.08. And continuing with a notable uptrend may eventually surpass the $0.1 mark. Here the asset may encounter a notable pullback and the correction may drag the price back towards $0.08 levels. As these areas are a notable demand area, one can expect a huge influx of volume that may assist the price to regain positions above $0.1.
However, ranging towards the ATH currently appears to be pretty tough as the price is extremely distinct. And a more aggressive 2021-like rally is required for the price to form a new ATH in 2022. While considering the current scenario, a new ATH may be out of reach. Therefore, the TRX price is likely to mark the yearly highs somewhere around $0.12 to $0.15.
Additional Read: How to Buy Virtual Land in the Metaverse?
Tron Price Analysis: TRXPrice Table (Last 30 Days)
| Date | All-Time High | All-Time Low | Market Capitalization |
| 27 February 2022 | $0.069 | $0.057 | $6.09B |
| 26 February 2022 | $0.061 | $0.058 | $6.03B |
| 25 February 2022 | $0.062 | $0.055 | $5.76B |
| 24 February 2022 | $0.061 | $0.056 | $6.06B |
| 23 February 2022 | $0.063 | $0.060 | $6.36B |
| 22 February 2022 | $0.062 | $0.059 | $6.30B |
| 21 February 2022 | $0.063 | $0.059 | $6.27B |
| 20 February 2022 | $0.063 | $0.061 | $6.32B |
| 19 February 2022 | $0.064 | $0.062 | $6.49B |
| 18 February 2022 | $0.062 | $0.062 | $6.42B |
| 17 February 2022 | $0.067 | $0.062 | $6.46B |
| 16 February 2022 | $0.066 | $0.065 | $6.72B |
| 15 February 2022 | $0.067 | $0.064 | $6.76B |
| 14 February 2022 | $0.065 | $0.063 | $6.55B |
| 13 February 2022 | $0.065 | $0.063 | $6.52B |
| 12 February 2022 | $0.065 | $0.062 | $6.55B |
| 11 February 2022 | $0.068 | $0.063 | $6.76B |
| 10 February 2022 | $0.071 | $0.068 | $7.12B |
| 09 February 2022 | $0.070 | $0.067 | $7.09B |
| 08 February 2022 | $0.070 | $0.066 | $7.05B |
| 07 February 2022 | $0.069 | $0.065 | $6.99B |
| 06 February 2022 | $0.066 | $0.064 | $6.65B |
| 05 February 2022 | $0.066 | $0.063 | $6.66B |
| 04 February 2022 | $0.064 | $0.059 | $6.49B |
| 03 February 2022 | $0.059 | $0.058 | $6.04B |
| 02 February 2022 | $0.061 | $0.058 | $6.12B |
| 01 February 2022 | $0.060 | $0.058 | $6.09B |
| 31 January 2022 | $0.059 | $0.056 | $5.99B |
| 30 January 2022 | $0.060 | $0.058 | $6.06B |
| 29 January 2022 | $0.060 | $0.057 | $6.06B |
| 28 January 2022 | $0.057 | $0.055 | $5.77B |
| 27 January 2022 | $0.057 | $0.054 | $5.64B |
| 26 January 2022 | $0.059 | $0.055 | $5.83B |
| 25 January 2022 | $0.056 | $0.054 | $5.70B |
Tron Price Prediction: TRX Price Trend Comparison with BTTC (Last 30 Days)
TRX and BTTC are among the popular crypto-assets deployed on the Tron blockchain. While TRX is the native token of the Tron blockchain, BTTC is the first heterogeneous cross-chain interoperability protocol. BitTorrent( BTT) was recently replaced with BitTorrentChain(BTTC) and 1 BTT was fragmented into 1000 BTTC to support the demand for large-scale applications. However, ever since the BTTC began its trading journey, it remained pretty stronger than the TRX price trend. And despite a couple of pullbacks yet the asset rebounds quickly. However, both the assets are witnessing a notable slash currently, yet showcasing a notable bullish momentum.
Source: Tradingview
The BTTC price initiated its trade during the last week of January and since then maintained a stronger trend than TRX. Both are following almost a similar price movement and hence possess an equal tendency to flip from the bearish trend. Currently, the TRX price is below 22.36% from the average levels whereas the BTTC price is just 6.12%. And hence with just a minor surge, BTTC price may hover above the average levels. No doubt, the TRX price may also display a similar flip, yet the momentum may be slightly lower than that of BTTC.
Correlation of TRX/USDT and TRX/BTC (Last 30 Days)
Source: Tradingview
Almost all the pairs trading against the USDT are displaying extreme volatility at the press time due to huge external factors. The TRX/USDT price is failing constantly to maintain its trend for the past couple of days and hence misty dark clouds are currently outspread over the rally. Yet, on the other hand, the TRX/BTC price maintains its strength and swings close to the average levels. Even if it drops from the average levels, it quickly regains its position above.
This indicates the constant swapping of BTC to TRX which in turn may indicate the foundation laid for the upcoming AltSeason. Now BTC is at the center stage and is attempting to sustain hard above the gained levels. Once it calms down above the crucial resistance, AltSeason may gain huge momentum. And this is when TRX/USDT may range high from the current levels which are below the average levels by nearly 22%.
Additional Read: BitTorrent Deep Dive
Tron Price Prediction 2022: Latest TRX coin News in February 2022
Justin Sun Donates $200,000 USDT to Ukraine on Tron Blockchain
While war-like conditions are hovering around Ukraine, the financials of the country are in a big soup. And hence the crypto space has jumped into rescue by donating the crypto assets to assist the country’s situation. In a recent update, the founder of Tron Foundation, Justin Sun announced a donation of $200,000 in Tether on the Tron blockchain towards the welfare of Ukraine.
Source: Twitter
Tron DAO Announces a Grand Hackathon 2022 with Exciting Rewards
Tron ecosystem recently announced a huge hackathon where the rewards will be distributed in 4 different tracks, Web3, DeFi, GameFi, and NFT. A total of rewards worth $500K is said to be given to the winners which will be paid out on achieving some milestones. The winners are required to continue even after the contest and answer the community’s questions.
Source: Twitter
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