Justin Sun is stepping in, announcing that he is ready to spend $5 billion on crypto firm acquisitions. Sun is the founder of Tron, a decentralized blockchain system that hosts the TRX (TRX-USD) token
Crypto brokerages and lenders have faced heavy volatility in recent week
TRON is one of the largest blockchains by market capitalization with strong DeFi activities. While Ethereum TVL increased by 4.47% last week, Tron gained over 34% TVL.
The blockchain was founded in 2017 by Justin Sun to support content creators and artists by providing ownership over the content they create. Tron has grown into one of the largest coins, with over $6.1 billion in capitalization.
Tron’s cryptocurrency TRX has also demonstrated quite a solid resilience to the bear market, thanks to TRON DAO. The DAO has been accumulating millions of TRX and USDD stablecoin since crypto winter began in May.
On July 8th, TRON DAO bought a total of $20 million worth of TRON and the USDD stablecoin. The goal is to “safeguard the overall blockchain industry and crypto market.”
The price of Tron is around $0.0666, and it has a market capitalization of $6.15 billion from the 92.48 billion TRX tokens in circulation. But, TRX was down over 77% from the all-time high in 2018.
PricePrediction forecasts that TRON will first trade for a maximum of $0.10 before averaging $0.14 in 2023, $0.21 in 2024, and $0.29 in 2025.
Tron is expected to trade at $0.0765 in 2022 and $0.0850 in 2023, according to CoinPriceForecast’s forecast. It expects the price to reach $0.1119 in 2024, $0.1396 in 2025, and $0.1596 in 2026.
According to LongForecast, TRX may decline in the near future and end the year at $0.039 per share. It expects the price to reach about $0.060 a year later.
2022 Tron is expected to drop to $0.093 in 2022. With an average trading price of $0.095, the TRX price may go as high as $0.10. 2025 In 2025, Tron would at least reach $0.28. With an average price of $0.29, the TRX price can go as high as $0.35. 2030 In 2030, Tron would be at least $1.92. With an average price of $1.97, the price may reach a maximum of $2.34.
Based on the predictions for TRX, Tron is a profitable long-term investment.
Tron would launch a new algorithmic stablecoin called USDD (USDD-USD). TRX will be used to help the stablecoin remain pegged to the U.S. dollar. Sun claimed that the algorithm will ensure that USDD stays pegged “regardless of market conditions.” The Tron decentralized autonomous organization (DAO) will also provide USDD with custody reserves of up to $10 billion of “liquid assets” to serve as the stablecoin’s collateral backing.
In 2031, Tron is anticipated to trade at around $2.79. TRX price might rise as high as $3.30 with an average prediction price of $2.86.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.