Will TRON TRX Reach $1 by 2025?
Based on past and current trends and the TRON technical analysis, there's a chance that the TRX price could reach $1 by 2025.
Market Capitalization and Token Valuation
No mention of market capitalization (market cap) is too brief about it. Once you understand it, it will be highly unlikely that Tron will go to $1,000, no matter how many people go to exchanges like Binance, Probit, Kraken, to buy it. Market cap is the key metric here. Without a substantial increase in usage, the price will remain grounded.
Expert Opinions and Market Performance
Experts are optimistic about TRON's future price performance but can only bet on the token reaching $1 in the next five years. Both technical and fundamental analysis of the TRON price indicates that it will be highly unlikely for the token value to reach $1,000 or even $10,000 in the short to medium future.
Supply and Price Dynamics
The answer is no. Look at the total amount. This tells you how rare it is. Not very rare, not a high price possible. I am not an investment advisor, but I think you won't be able to buy Tron any cheaper. I can only tell you what I am doing and I am buying very aggressively at the moment.
While some agree that TRX will touch $1 in the near future, the CEO's actions might impact the price. The CEO prefers to dump the coin once we try to pump it and spends it on GME for $10M! He calls his coin a 'pump and dump' scheme. This doesn't bode well for significant price growth in the short term.
Current Market Position and Future Prospects
The supply for TRON is very high, which makes the price of the coin less. The higher the usage of the coins, the higher the price will reach. TRON is already known to many, including after Bitcoin and Ethereum. TRON could potentially become one of the top 3 cryptocurrency in the upcoming years.
One recent development is the launch of a new game with TRX as payment, which could further boost its popularity. Similar to how Cryptokitties gained traction, this new game could also increase TRX's visibility and usage. The video below explains more about the future price of TRON. It covers some of the fundamentals that might influence the token's performance.