As of this writing, TRON (TRX) is at the 11th rank on CoinMarketCap, valued at $0.014 USD. It is interesting to know how things will turn out in favor of the coin as 2018 ends.
To begin with, TRON (TRX) is one of the altcoins with a promising future, which, perhaps, is why crypto trading analysts give it an average projection of $0.66 USD by December 2021.
All the same, for many investors and traders, the focus is on the short term. The short-term range points to the projected price of TRX come December 2018. Based on its performance in the last couple of days, analysts put TRX at an average price of $0.03 USD, which would result in a change of 109.37%.
Maximum projection for December 2018
The expected maximum price for TRX is $0.04 USD in the month of December. Whether this will come to pass still depends on various factors affecting the crypto space. In the past 24-hour trading period, more than $94 million USD exchanged hands. After a 25% slide on Monday, TRX has bounced back with a 5% increase that puts the coin at $0.019667 as of this writing.
About a week ago, TRON Foundation announced that it was launching an accelerator program worth $1 million USDT. The program is set to boost the creation of innovation in the blockchain industry. This happened even as the bearish wave continues to overtake crypto market.
TRON (TRX) Beyond 2018
While it’s impossible to predict cryptocurrency prices with absolute certainty, analysts try their best to give predictions based on daily price behavior of the cryptocurrency in question. They also analyze historical data as well as linear and polynomial regressions.
In this regard, the projected price for TRON (TRX) is $0.03 in January 2019. The price is expected to jump a bit upwards to $0.04, which is the highest figure that can be seen in the first quarter of the year. The year 2019 could see the digital asset on an upward move, scoring a steady increase in the percentage change. The average TRX price for the first quarter 2019 hovers around $0.03 USD while the second quarter projection is $0.04, which could dominate between May and August 2019. During that period, the virtual currency could witness up to 199.46% change.
Between September and December 2019, the average Tron (TRX) price is projected at $0.05 and $0.07, which is the highest it can obtain.
TRON’s (TRX) success formula hinges on nothing but the fact that the coin is able to seal various deals almost daily. After it ditched ERC-20 to operate on its MainNet network, Tron has carved a steady position in the crypto space, even gaining listings on various crypto exchanges. For example, Tron recently sealed a deal with Blockport and Scatter.
The former is an app that improves identity security while the latter allows crypto enthusiasts to buy or sell TRX coin using Euro. Meanwhile, the trx.market now targets 500 million TRX trading volume, having surpassed the 1 million mark just a few days ago. These are just a few examples that have led to the progress of the TRX coin.
Disclaimer: This article is not an investment or a trading guide. It is mainly for informational and educational purposes. Investing in cryptocurrency is a high-risk venture. Consult an expert before you take the plunge.