- The Tron (TRX) price closed the previous day’s trade at INR 6.47 with a market capitalization of INR 624.58 billion and a circulating supply of 93.23 billion TRX
- The extreme market pressure is currently restricting the asset to leap long, but the TRX price is closely maintaining a significant uptrend line
Price Comparison Table (2017-22)
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* At press time
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Tron Price Prediction 2022: TRX Price Predicted to Reach INR 07 to INR 09 by end of 2022
Tron’s price during the previous bull run had smashed the levels above INR 11 and in a second attempt could manage to reach INR 9.61. Later a huge plunge drained the price by nearly 60%, testing the previous lows. Since then the TRX price has maintained a significant upswing and is attempting for a parabolic recovery to regain the levels above INR 8. Since the meltdown in the first few days of April 2022, TRX price has showcased huge bullish momentum, discarding the bearish pressure.
No doubt the price was compelled to correct very often, but the lower uptrend line was maintained strongly. And hence expecting the asset to continue its trend in a similar way, the price is expected to reach INR 9 in August or September. Here the possibility of a minor plunge is expected, which may be overcome to range between the above-mentioned levels by the end of 2022.
Tron Price Prediction 2023: TRX Price Predicted to Reach INR 13 to INR 15 by end of 2023
The beginning of the 2023 trade could be with the TRX price in a double-digit figure. Surpassing the recent highs above INR 11 could be the first target to achieve in January 2023. Further, the asset could maintain a strong uptrend, reducing the bearish impact and eventually securing the levels above INR 12 in the first half of 2023.
Further, the second half may not be smooth as the market sentiments could compel the price for an extended consolidation for a couple of months. However, with the beginning of Q4, the price could push itself to try hard to close the yearly trade on a bullish note. Therefore, the prices are expected to surpass INR 16 but eventually close the trade around INR 15.
Tron Price Prediction 2024: TRX Price Predicted to Reach INR 20 to INR 23 by end of 2024
Tron price is believed to gain significant bullish momentum in 2024 since the beginning as the prices may sky-rocket to INR 20. However, the bearish pressure may drop the price by nearly 30% to 40% very quickly. Later, the TRX price is expected to consolidate for a while and accumulate strength for the next run.
After a brief consolidation, the TRX price may eventually jump back in action and reignite a strong uptrend towards yearly highs around INR 20. The asset may face rejection too, but could eventually make it quickly above INR 20 to close the yearly trade. Therefore, the possibility of the asset hovering between INR 21 to INR 23 by the end of 2024 appears pretty high.
Tron Price Prediction 2025: TRX Price Predicted to Reach INR 28 to INR 37 by end of 2025
The slow yet steady rally is expected to continue in 2025 as well as the prices could aim for higher targets. To avoid steep plunges, the TRX price could maintain an ascending consolidation and eventually keep on rising until it hovers close to INR 30. No doubt the bears may jump in action after each milestone is achieved, yet the asset may make it through the descending trend at the earliest.
Therefore, following a strong rally, the TRX price is believed to head beyond INR 30 initially and later attempt to secure levels above INR 35 by the end of 2025. An extended bull run may also pave the way for the asset to reach levels around INR 37 to INR 40.
Factors Affecting Tron(TRX) Price
- Tron blockchain is currently the 3rd largest in the DeFi space after Ethereum & Binance Smart chain, sharing nearly 5.37% of the entire TVL
- The UST-like algorithmic stablecoin which is recently launched by Tron called USDD offers a double-digit returns
- Huge whale accumulations have emerged as the TRX price has been pretty violent on the market that may, in turn, impact the price positively or negatively in the coming days
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