The cryptocurrency prices forecast during a crypto-bear market are rather difficult to do. "Bullish factors" such as technical developments in a blockchain project are erased in an instant when Bitcoin (BTC) lowers like a rock in the markets. The evidence can be seen when BTC was rated at $ 20,000 on December 17th of that year. The King of Crypto would gradually reduce to the current levels of $ 6,500 and in the process, knocking down the entire encrypted market. Even Tron (TRX) was not left behind in decline. We ask ourselves, at what price will Tron be in a year?
The events of Jinx Of Tron in 2017
The project led by Justin Sun has pumped good news after good news in terms of project developments since Testnet was launched on March 31st. However, all this good news did not help the TRX coin regain its past glory at around $ 0.30, witnessed in January. In fact, whenever there was an event in the Tron calendar, the digital asset continued to lose value.
What will be the price of Tron in a year?
This then leads us to the first reason why Tron (TRX) has nothing but a good future. The fact that there are no more important launch events in the Tron calendar means that money can acquire value naturally and based on its network superiority. This is similar to how ETH grew from levels of $ 10 to $ 1400 in less than a year without any major announcement about a change in its network code, or marketing from the Ethereum team.
In mathematics, this was a 13.900% increase in ETH over that 12-month period. Using a similar scenario in the Tron network that was adopted similarly to that of Ethereum last year, we believe the TRX is rated at $ 2.78 twelve months from now – and using its current value $ 0.020 in cryptographic markets.
Of course, this is pure speculation but given the fact that the Tron network is designed to understand the best of DApp, we find a situation where TRX will find its usefulness in the network . There is also another factor in the GoSeedIt platform that allows Twitter and Telegram social media users to do the same in TRX. In fact, before GoSeedIt became 100% active, the amount of Tron accounts on the Mainnet was around 62,000. Now, Tron's main network has a total of 350,000 at the time of writing this. This is a 464% increase in a month due to GoSeedIt.
BTC and Institutional Investors
Another factor that could lead TRX to be valued at $ 2.78 in 12 months is the fact that Bitcoin is expected for traditional adoption as an option of investment by institutional investors of Wall Street. Without even mentioning Bitcoin's ETF at the SEC, we find out that Coinbase is getting ready to become the crypton NYSE by making a hiring spree; launching custody and planning services for its ETF.
C & # 39 is also the Bakkt company that will be launched this November. Once this company is operational, its main goal is to make Bitcoin and other digital assets, the investment tools chosen for regular individuals and institutions, including those managing retirement funds.
Summarizing threw a rough estimate of the value of TRX in a year at $ 2.78 using the growth of Ethereum last year. There are also added TRX factors that are turned over by GoSeedIt on Twitter and Telegram to increase demand for the digital resource. We have also added the bullish factor of institutional interest through companies such as Bakkt. We forgot to mention that Bittrex now offers TRX / USD pairs. Therefore, the Q4 of this year should be a time to see the TRX slowly take off in the markets.
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Disclaimer: This article should not be taken as and is not intended to provide investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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