Tron will reach $1, $10 or $100 in 2023

Will Tron reach $1? Going from a growth rate of 0.131x in 1 month, it can take about 127 years for Tron to reach $10.

Tron is a blockchain-based operating system that aims to provide complete ownership to digital content creators.

Tron primarily aims to revolutionize digital content sharing and entertainment. In other words, its motive is to create a digital content entertainment platform that can help users share their digital content easily and cheaply.

What makes Tron unique is its innovative perspective. In addition, it supports almost 2000 transactions in one second. Also, there is no transaction fee for the TRX token, which is really a competitive advantage for Tron.

With Tron, artists can fully own their content and share it without worrying about transaction fees. It’s really a plus point for Tron Blockchain.

A crucial question asked by TRON investors is: Will Tron reach $1, $10 or even $100? If so, how long will it take to reach those levels? Let’s find out the answers to these questions in this report:

There are various factors that need to be considered when predicting the price of a cryptocurrency, such as its price movements, competitor analysis, market trends, etc. Let’s analyze them individually:

TRX Tron Pricing History

Price movements are always one of the crucial factors in determining and predicting the price of a cryptocurrency. Below is TRX’s all-time price chart, we can see that the coin peaked at $0.30 in 2018.

TRX’s lowest price was $0.002 (in 2017), so it took almost 4 months for the Tron to reach its all-time high price of $0.30, a 150x growth from its lowest price to its highest price of all time.

TRX’s price has dropped by more than 50% in just 12 months, although it has faced many ups and downs in between.

Tron vs Cardano – Growth Curve

Cardano (ADA) is a blockchain platform whose motive is to create a more transparent and secure platform for users and is one of the main competitors of the Tron blockchain. Let’s also analyze the ADA growth curve:

Cardano’s all-time highest price was $2.94 which it reached 1 year ago. ADA took almost 4 years to reach its highest value of all time. Meanwhile, it grew 117.6 times in those 4 years.

Will Tron reach $1?

TRX is 6 times lower than its all-time high of $0.30, considering its current price of $0.05. Now, keeping in mind its growth rate of 150x in just 4 months (as discussed above), its one-month growth rate is 37.5x. It means that over the next 12 months, TRX’s market price can reach a theoretical value of $22.5.

But current macroeconomic factors and liquidity are not similar to 2017-18 or 2020-21. In other words, the price of TRX can reach that value in an ideal scenario, but the conditions are still not ideal. So, TRX will definitely not reach that value in the next 1 year.

So, let’s try to find out the most realistic value it can reach in that period. As we can see (in the graph), the pump was quite sudden and could be due to certain factors (such as a fake pump), therefore, it would be more logical to consider the next high value of $ 0.15 that it reached in April 2021.

TRX took 38 months (February 2018 to April 2021) to reach a high value of $0.15 from $0.03, indicating 5x growth.

It means that, over the next 38 months, the price can only grow 5 times the current price of $0.05. Thus, the price of TRX can only reach a value of $ 0.25 in the next 38 months (more than 3 years) and not $ 1.

So, will Tron reach $1? Well, certainly yes, but not soon. To reach a value of $1, TRX must grow 20 times. So, it may take 12.6 years to reach that value.

Will Tron reach $10?

TRX needs to grow by 200x to reach a value of $10.

Similarly, taking into account macroeconomic factors and liquidity conditions in the recent scenario, we cannot go from the ideal growth rate of 150x in 4 months. Considering the practical growth rate of 5x in 38 months, it will likely take about 127 years for Tron to reach $10. But, again, the situation will probably not remain the same throughout, and macroeconomic factors and liquidity may turn out to be in favor of the TRX coin. Therefore, it can probably reach that value before this.

So, will Tron reach $10? Well, it is certainly not practical if current factors prevail. But it can reach that value if the situation changes, keeping in mind the volatility of cryptocurrencies.

Will Tron reach $100?

TRX’s current market price (of $0.05) suggests that it must grow by 2000x to reach a value of $100. If Tron continues to grow at 0.131x in a month, it will definitely need 1,272 years to reach $100, which is virtually impossible.

So, will Tron reach $100? No, TRX certainly won’t reach that value because it’s not practical enough. But, considering TRX’s growing competition and other factors, Tron can expect good growth in the near future.

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