The future price of Tron
Because of the downward trends in cryptographic markets, it is incredibly difficult to predict the future of specific digital currencies. Usually, factors such as the development of a blockchain's infrastructure are used to project upward trends for cryptocurrencies.
However, the falling price of Bitcoin denies these aspects, rendering them useless and ineffective. For example, the depreciation of the value of Bitcoin from the record of $ 20,000 in December of last year to the current $ 6,400 has had a strong impact on other digital currencies, including TRON (TRX). So, what will be the price of TRX in a year?
The threatening effect of Tron's events
Since the launch of TRON Testnet at the end of March, the blockchain project has released new features and functionality on a regular basis. Despite these efforts, the currency has struggled to restore its previous value that peaked at $ 0.30 at the beginning of the year.
Indeed, every event on the Tron the calendar coincided with a further depreciation of the value of money.
What value will Tron have in a year?
As of now, there are no upcoming launch events on the Tron calendar. Going for the effect of jinxing previous events, it is evident that the future of Tron will improve considerably.
Unlike updates and updates to increase popularity, the value of TRX will naturally develop thanks to the superior features of its blockchain network. The Ethereum network has undergone similar growth, with an increase in the value of ETH from $ 10 to $ 1400 in less than 12 months without major adjustments on protocol or blockchain marketing by the Ethereum team.
The increase in the ETH value referred to above represented an increase of 13,900% over a period of 12 months. If Tron undergoes a similar development, its value in September 2019 would be $ 2.78, using the current value of $ 0.020 as the basis.
The Tron network will host the best DAchas blockchain technology, thus offering a utility for the TRX token. In addition, the GoSeedIt platform will allow users of Telegram and Twitter to tip one another using TRX. The influence of GoSeedIt can not be neglected, since its launch has led the number of Tron users to increase from 62,000 to 350,000 in a month, an increase of 464%.
Bitcoin and institutional investors
Institutional investors are expected to soon begin traditional Bitcoin adoption. To this end, the Coinbase exchange aims to become the NYSE of digital currencies and has already launched custody services and is currently working on an ETF. In addition, the Bakkt company, which will be launched in November, intends to defend the use of Bitcoin and other virtual currencies as a conventional investment tool for individuals and corporate institutions.
In conclusion, the presumption is that Tron's value will reach $ 2.78 by September next year. The factors mentioned above should contribute massively to achieving this goal. Finally, upward trends should start to get noticed in the last quarter of 2018.