Currently, the TRX token is ranked as #24 with a market cap of $5,989,082,431.04. The maximum supply of TRX coins is about 100 billion tokens, with a circulating supply of 101,725,846,151 TRX tokens. The current price of the token is $0.05, down by 2.40% or $0.058 in the previous 24 hours. It is traded with a market dominance of 0.35%. For the last 24 hours, the trading volume has increased by about 28.89% and stands at $807,484,848.10.
What is the Tron (TRX) coin?
It is a blockchain-based operating system that allows content creators to connect with their audiences directly. The best benefit of Tron is that it empowers artists and content creators worldwide to have ownership over their content.
The use of Tron makes the content cheap for customers by eliminating the centralized platforms, but it also helps the entertainment sector to digitize. Tron uses a delegated proof-of-stake mechanism that secures the blockchain and allows users to earn passive income by staking their holdings in network wallets.
In simple words, Tron is a next-generation social media platform where anyone can create and share content with anyone, anywhere in the world. The native token of the Tron blockchain is Tronix, and its ticker symbol is TRX. It is the currency paid to the content creators for their work. Tron is considered the best platform for people who enjoy social media, online gambling, and other forms of online entertainment.
Tron (TRX) coin price history & monthly technical outlook
In the last 24 hours, the TRX’s value has reduced by 2.91%. When we compare TRX’s current market capitalization to the previous day’s market capitalization, we can see that the market capitalization is also decreasing by 2.40%, and its fully diluted market cap stands at $5,989,082,564.15.
Over the last seven days, the TRX has fallen by 0.14%. The current price of Tron is $0.058616, which is about 89.46% below its all-time high level of $0.30.
Tron (TRX) coin fundamental outlook
Tron calls itself the world’s fastest-growing public chain with more than 80 million accounts and 2.9 billion transactions. Tron was founded by a Chinese entrepreneur, Justin Sun, in September 2017. The focus of this decentralized platform is on file sharing and entertainment content. The blockchain TRON was launched in June 2018, and in just one month, it integrated with BitTorrent.
In February 2019, BitTorrent launched its native token BTT on the Tron blockchain, making it a TRC-10 standard token.
Tron uses a three-layer architecture: a storage layer, a core layer, and an application layer. These layers offer the potential for growth for the blockchain. The development organization behind the Tron blockchain, named the TRON Foundation, was dissolved in July 2021. After that, the Tron Foundation was recognized as Tron Dao.
In February 2022, Tron Dao launched the Grand Hackathon 2022 with a mission to concentrate on permitting developers to explore and impact the TRON blockchain and increasing access to DeFi, blockchain gaming, Web3, digital art/collectibles, and more.
Tron Dao and BTTC announced that Valkyrie Investments, VanEck, and the Hong Kong TRXversity of Science and Technology (HKUST) were joining as strategic partners and judges for the Tron Grand Hackathon 2022. The Hackathon will be an ongoing funding event that will commence every three months. It is to promote the growth of the BTT and Tron ecosystems. The first Hackathon was incorporated on February 14th, 2022. More and on its way, which means TRX has excellent growth potential.
Tron has plans to become an ecosystem with the largest DAO in the world in the future. It also wants to strengthen its governance through complete decentralization. Tron is also moving into developing NFTs in Metaverse gaming. There is a Metaverse gaming project named Bunny Planet built on the Tron blockchain.
Will the TRX coin price reach 10 USD?
Yes, the Tron (TRX) price can reach the $10 level, but not in the near-term future. Though the coin is performing much better than other cryptos, there is still a long way to go and touch the $10 level. Maybe, the price will manage to reach the $10 level in the long term.
Tron (TRX) coin price prediction 2022-2025
Following is the price prediction for TRX tokens for the next five years to come.
Tron (TRX) price prediction 2022
The launch of the Tron Grand Hackathon 2022 will significantly impact the prices of TRX coins this year. The bullish momentum this year will push its prices to surpass $0.08. The average price of TRX in 2022 is expected to be $0.10. The maximum price level is estimated at $0.15, and the minimum level is $0.042.
Tron (TRX) price prediction 2023
The 2023 price prediction states that TRX will move around $0.20 midway through the year. The average price of TRX in 2023 is expected to be $0.17, with a maximum level of $0.24.
Tron (TRX) price prediction 2024
The increased interest in the DeFi sector is expected to bring high price growth for TRX in 2024. By the end of 2024, the coin is predicted to reach $0.24. The highest level for this year has been projected as $0.30, and if things do not turn out well for the coin, then it could move around $0.12.
Tron (TRX) price prediction 2025
The highest transaction speed of the network is a highly attractive feature of the TRON blockchain. As the platform is entering the NFT sector, there are chances it will expand its network to other industries, which could drive its prices higher. In the long term, Tron can even compete with Ethereum, which is the second-largest cryptocurrency by market cap. The average price of TRX is expected to be $0.35 in 2025. The lowest level is anticipated to be $0.19, and the highest level will be $0.58.
Top 3 questions & answers about Tron (TRX)
Will the Tron (TRX) coin crash?
Tron is a platform where anyone who participates and produces digital content can benefit. Tron also enables content creators to launch their own ICOs for fundraising for their products without third-party crowdfunding. Tron’s diverse use case suggests that its price is unlikely to fall further shortly. They are also lower, so what more can they decline? However, bears might take over and cause prices to decline, but for the time being, it seems like it has growth potential.
Will Tron (TRX) increase rashly?
Tron eliminates the need for a middleman and helps content creators get paid directly by their audiences. All money earned is stored and paid out on the Tron Network. The decentralized payment network increases the potential for growth of the network. The platform also reduces censorship to a minimum as it also declines the monopoly effect that large media companies have on content creators and users. This type of project can see a sudden surge in interest as the advantages it provides are very promising and appealing.
Will Tron (TRX) overtake BTC?
It isn’t confident for TRX to overtake BTC as the leading crypto. Taking its place would require more than just being a supportive platform for creators and artists. No matter how well it performs, BTC is the first crypto, or we can say, the mother of cryptocurrencies.