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TRON (TRX) Price Prediction March 2

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Tron is one of the fastest and most energy-saving blockchains that provide high-throughput applications and a customizable smart contract platform. Tron was developed by Justin Sun under the Ethereum ecosystem. And Tron operates on Delegated Proof of Stake (DpoS), enabling the network to handle far more transactions than other blockchain networks.

Tron is the network for transferring stable coins like USDT because the network can handle up to 10,000 transactions per second (TPS) with very low fees. Since the launch of Tron (TRX), several price changes

 have occurred. 

Considering the past price performance of Tron (TRX) and experts’ predictions is necessary before investing.

TRON (TRX) Past And Present Trend

Tron (TRX) was originally launched as an ERC-20 coin on the Ethereum blockchain but later migrated to its Mainnet in June 2018.

On January 5, 2018, the Tron (TRX) price pumped to an All-Time High of $0.30 as the crypto market soared. TRX traded between $0.013 and $0.016 throughout 2019, closing the year at $0.014. It climbed to $0.025 at the beginning of February 2020 but dropped to $0.011 in April 2020. The price fluctuated till January 2021.

Mid-April 2021, TRX rose to $0.1799. In July, when markets hit bottom, it sank to $0.049. After the surge in November, the price increased to $0.129, but it dropped and finished 2021 at $0.0754.

Meanwhile, 2022 has been a bad year for the entire digital market, and TRX performed terribly. But, there was a little recovery in March 2022. Early in May, following the launch of TRON’s USDD algorithmic stablecoin, there was another price explosion, with the coin reaching a high of $0.09087.

Notwithstanding the market crisis brought on by the de-pegging of the UST stablecoin and the liquidation of the accompanying LUNA cryptocurrency TRX survived. But fell to a low of $0.06612 before rising to a high of $0.09094 on June 1. 

TRX ended 2022 at $0.0545 and entered 2023 at the same price. It maintained that price level until January 13, when it climbed to $0.06001. TRX continued at the same price range with slight dips and rallies until it jumped to $0.07082 on February 15. It dropped again to $0.06785 on February 24 but has hit a high of $0.07015 today, March 2. 

TRON TRX Price Prediction Base On Technical Indicators

Source: Tradingview

The Simple Moving Average shows that the market is forming an uptrend as the 50 SMA has crossed over to 200 SMA (Golden Cross). The 50 and 200 SMA are moving up, and TRX is trading above them also, indicating that the price will rise in the short term.

The Relative Strength Index (RSI) is currently above the neutral zone of 50.00, which is a good opportunity to buy before it gets to the overbought zone of 70.00.

The MACD has started declining and crosses the signal line to the downside. This indicates a bearish crossover (a potential fall in price). The histogram is low, while the TRX price formed a new high. This, however, indicates a sell signal as TRX has formed a Bearish divergence.

Expert Long And Short Term TRON Price

Occasionally, crypto analysts forecast possible asset price trends based on past performance, indicators, and macros. Find some notable TRX price predictions. 

CryptoNewsz Price Prediction

According to a positive TRX price prediction by CryptoNewsz, the price of TRON may go on an incredible adventure and achieve significant growth. The long-term price forecast pegs the token at an average price of $0.18 in 2025. Also, the price may range from $0.15 to $0.22 at its highest point.

Trading Education Projects Price Forecast

The long-term TRON price forecast from Trading Education projects shows that the coin will cost $0.09 by the end of 2023 and $0.16 by the end of 2025. TRON will increase to $0.38 in 2028 and $0.60 in 2030.

Factors That Might Influence TRON Price

Below are some factors that might affect the price of TRON.

Regulatory Conformity

Recent allegations have been that China and the US are looking into the Tron blockchain and the TRON Foundation. However, the creator of Tron Network, Justin Sun, assured followers on Twitter that there was no basis for suspicion regarding the allegations of wrongdoing given the network’s decentralized management.

Market Sentiment

The crypto market’s enthusiasm and anxiety can significantly impact cryptocurrency values, such as in 2022 when the FTX collapsed. TRON’s integration with Uphold to release a self-custody wallet also caused a spike in the TRX price.

Future occurrences like the FTX crisis or other technological advancements can drive or pull down the price of TRX.

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