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Tron is a decentralized blockchain-based operating system with a native cryptocurrency, TRX. Tron is building a decentralized internet and global peer-to-peer digital content entertainment system with distributed storage technology, and the ability to cost-effectively share digital content.

With Tron 4.0 on the horizon and the recent arrival of Tron dApps on the Samsung App Store, this blockchain is expanding its ecosystem and user base.

Like many cryptocurrencies, the recent Black Thursday crash hit Tron hard and despite the pace of network development, the price of TRX has yet to fully recover.

Where to Buy Tron?

You can buy TRX, the native cryptocurrency of the Tron ecosystem, via the Tron wallet or through any crypto exchange that supports TRX. 

Tron is currently listed on 96 exchanges worldwide but finding a fiat currency pair might be a little difficult and you may need to buy a major cryptocurrency like Ethereum or Bitcoin, first. 

If you only want price exposure to TRX coins without the need to transfer and store the coins, you can buy Tron on a brokerage platform. Just make sure to choose one that is regulated by a leading global authority. 

A Brief History on the Price of Tron

In order to determine the future outlook for Tron and make predictions, we first need to analyze the price history of TRX to see how the market has historically reacted to key news events.

Key News for Tron

Tron is the brainchild of Justin Sun, a protégé of the billionaire co-founder of Alibaba Group, Jack Ma.

Sun is an enigmatic personality in the cryptocurrency industry, known for his determination to advance the Tron ecosystem through his extravagant and attention-grabbing marketing initiatives.

Most recently, Sun made headlines when he won the bid to have lunch with Warren Buffett at his annual charity auction luncheon. Sun’s bid was a record of $4.7m, but observers have noted he easily received more than $10 million worth of TRX publicity from the lunch.

One of the biggest developments for Tron in recent times was no doubt the acquisition of BitTorrent, for which Sun now serves as CEO. 

BitTorrent has been integrated into the Tron platform and even received its own token (BTT), which will run on the Tron protocol. The move opened up new markets for TRX, gaining immediate exposure to BitTorrent’s 100 million-plus users. Most recently, Tron is extending its ecosystem with a partnership with Samsung Blockchain and Tron dApps are now featured on Samsung phones. 

Tron Timeline

  • March 2014

Tron is officially established

  • July 2017

Tron Foundation is established in Singapore

  • Sep 13, 2017

Tron begins trading on exchanges (Tron price opens at $0.002 and closes the day a little down at 0.0019)

  • September 15, 2017

ATL $0.001091 USD (In volatile trading, TRX hits all-time low only two days after listing before bouncing back at close to $0.0019)

  • December 2017

Cryptocurrency enters the bull market (TRX jumps from $0.018 to $0.036, taking Tron from a $1.2 billion market cap to $2.3 billion in a single day)

  • January 5, 2018

The peak of the bull market (Tron price hits all-time high of $0.30)

  • May 31, 2018

Tron launches MainNet Odyssey 2.0 (TRX opens at $0.062 and edges lower slightly to $0.060)

  • June 25, 2018

Tron Independence Day – Tron’s Genesis block is created with the consensus of Tron community (TRX opens at $0.042 and remains stable)

  • July 24, 2018

Tron successfully completed the acquisition of BitTorrent and all its products and incorporated them into Tron's ecosystem (TRX opens at $0.034 and climbs to $0.048 at close)

  • August 23, 2018

The first 27 super representatives of Tron are born (Tron price remains steady at around $0.020)

  • August 30, 2018

The Tron virtual machine (TVM) is officially launched (TRX opens at $0.025 and closes marginally down at $0.024)

  • October 2018

Tron's decentralized application store DappHouse is established (TRX price climbs from $0.023 to $0.024)

  • January 17, 2019

Tron held the niTRON Summit 2019 Global Summit and Kobe Bryant was invited to attend (TRX price unmoved at around $0.025)

  • January 28, 2019

The BitTorrent (BTT) crowdfunding concludes within 14 minutes and 41 seconds on the Binance Launchpad (TRX price falls slightly from $0.029 at open to $0.026 at close)

  • January 23rd, 2020 

Justin Sun wins the bid for lunch with Warren Buffett at his annual charity auction luncheon. (TRX price remains stable at around $0.026)

  • March 12, 2020

Black Thursday cryptocurrency market crash (TRX opens at $0.014 and plummets with other big cap coins to close at $0.0087)

  • April 2020

Tron dApps included in the Samsung Galaxy Store. (Price of TRX remains stable at $0.012)

Compare Tron With Fiat Currencies, Commodities, and Crypto

Despite the cryptocurrency market crash on March 12th, 2020, Tron has still performed respectably well when compared to some commodities, many of which are reeling from economic shutdowns due to the COVID-19 pandemic. Let’s compare Tron’s price performance with some other leading investments.

Compare Tron With Gold

The precious yellow metal tends to do very well in times of economic turmoil and 2020 has further demonstrated that fact, with the gold price rising by over 15% this year. In contrast, TRX managed an increase of 20%, which is impressive considering Tron hasn’t been considered a safe haven in the past, yet it has just outperformed the greatest safe haven in history since January.

Compare Tron With Silver

Silver has had quite a volatile year, beginning 2020 at around $18 an ounce before falling to $11 an ounce on some exchanges. At the time of writing, Silver was recovering and if you had invested in Silver at the start of the year you would only be down 1%. TRX, on the other hand, has gained in value by over 20%, making it the superior investment since January.

Compare Tron With Crude Oil

Crude had a tumultuous year, to say the least. Known as ‘Black Gold’, crude proved the opposite of a safe haven with prices heavily dependent on global production. With the Coronavirus putting some of the world’s largest economies on hold, WTI crude experienced the worst price drop in history falling over 320%. At one point a barrel of crude was priced at -$40. The International Energy Agency (IEA) is predicting oil demand to fall further this year. With its 20% increase since January, TRX has outperformed crude by a huge margin.

Compare Tron With Bitcoin

Of all cryptocurrencies, Bitcoin is the one most recognized as a store of value and a safe-haven. Bitcoin proved this fact by outperforming gold since the beginning of the year. While gold managed a 15% return since January, TRX outperformed the original orange coin in terms of percentage gains.

Tron Future Price Predictions

Trying to determine the price of anything in a pandemic year is a challenge, but we are able to get some indication when we look at several metrics like market sentiment, price history, network growth, and the macro-economic environment.

Tron Price Predictions for 2020

Justin Sun is a colourful personality known for his bold and often humorous marketing tactics. But people who think Tron is not a serious player in the blockchain arena haven’t been paying attention.

With Tron 4.0 on the horizon and the rollout of dApps on the Samsung Galaxy app store, there is plenty of upcoming news to be excited about for cryptocurrency investors.

The cryptocurrency market as a whole was entering a bull market at the time of writing and it is entirely possible that TRX will be one to see significant gains with Tron 4.0 not priced in. 

With Tron dApps now growing in usage on the Samsung App Store, it has a great chance at gaining at least 20% in value by the end of the year.

Tron Price Predictions for 2021

According to the Tron Foundation, Tron 4.0 will provide massive scalability and consistent reliability, with the upgrade enabling faster processing times. These benefits will start to be seen in 2021 and will likely lead to an increase in the value of TRX.

Tron 4.0 will have a range of new features including privacy, a two-level consensus mechanism, cross-chain interoperability, and an enterprise edition of the network to attract serious players.

While much has been made about the future for decentralized apps (dApps), gambling is still the leading use case across the market.

Tron hosts some of the most active gambling applications currently available and the network’s integration with Samsung will play a role in driving usage of the Tron blockchain and utility for its token. We are optimistic these factors could see the price of TRX more than double before the end of 2021.

Beyond 2021 for Tron

While the exact date and time of the implementation of Tron 4.0 have yet to be announced, Justin Sun and the Tron Foundation have offered a preview of the functionality of the Tron 4.0 upgrade. One of the most important features of Tron 4.0 is highly anticipated privacy on the Tron blockchain.

While it will not likely see substantial benefits from the upgrade until later on, the market may have ignored the news and could be underestimating the capabilities of Tron when it is rolled out.

Tron also recently announced a $100 million USD gaming fund to be spent over the next 3 years, called Tron Arcade, and it is entirely likely that this initiative will have driven a much larger user base in a couple of years.

Cryptocurrencies are still finding legitimacy among most people but with more and more people catching on to the advantages they offer, there will likely be an explosion in the total crypto market cap.

With these in mind, we are optimistic that TRX will surpass its all-time high of $0.30 within five years.

Tron Price Conclusion

Tron Protocol is one of the largest blockchain-based operating systems in the world offering both scalability and high-throughput computing (HTC), which forms a solid foundation for the growing ecosystem of decentralized applications.

The acquisition and integration of BitTorrent was a move that introduced over 170 million users to the Tron network.

After suffering the fate of other coins in the Black Thursday crash, TRX could be trading at a discount and the price has remained fairly stable since. 

With Tron 4.0 on the horizon, Tron is well-positioned to capitalize on its growing user base in a maturing and rapidly growing cryptocurrency market.

With the price of Tron a little volatile at present, there is always the option of trading the coin through a regulated broker to capture some value from that volatility.

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Frequently Asked Questions

  1. Unlike Bitcoin's Proof-of-Work, Tron is based on a delegated Proof-of-Stake system, where 27 rotating "super representatives” validate transactions. They are selected every few hours and receive 32 TRX as a block reward for supporting the network. Tron is a blockchain-based operating system with smart contract functionality and greater capability.

  2. TRX (TRONIX) serves as a basic unit of account on the Tron blockchain. TRX is the oil in the Tron ecosystem, with numerous applications including powering transactions and applications on the Tron chain.

  3. There is definitely a case to be made for Tron being undervalued. During the peak of the bull market, TRX was trading at $0.30 and that was with less users and without the improvements that will soon be rolled out in Tron 4.0.

  4. With new Samsung phones now supporting TRX and BitTorrent (BTT) along with the stable coin USDT-Tron, users in Switzerland, Germany, UK, Canada, and the U.S will now have access to the Tron ecosystem.

  5. Not factoring fees into their trading is the single biggest mistake most traders make. Depending on where you decide to trade, fees can really eat into your trading profits. You will get slugged for fees for basically every trade, every deposit and every withdrawal. Blockchains also come with fees in many cases. Trading with a regulated broker is a more affordable option than a cryptocurrency exchange if you are considering active trading.

  6. Brokerage platforms or OTC desks are software that enables flexible and affordable trading of cryptocurrency CFDs, or a Contract for Difference. These trading instruments enable price exposure to a cryptocurrency like TRX, without the hassle of storing the coins. These platforms are more straightforward to use than a cryptocurrency exchange and involve fewer fees. Make sure to choose one that is fully compliant and regulated by a global authority.

  7. Justin Sun once boasted that the Tron network is 80 times faster than Ethereum. The Tron network is capable of 2000 transactions per second thanks to its ”delegated Proof-of-Stake” consensus algorithm, while Ethereum can only handle 25. Both Ethereum and Tron will speed up their next networks with their respective upcoming upgrades Ethereum 2.0 and Tron 4.0.

  8. Many people are surprised to learn that Tron currently has more dApps than Ethereum and higher volumes of dApp transactions.

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