Tron [TRX] Price Analysis – Can Tron [TRX] achieve its $1 dream following $1 bil

[ValerianTrifa1992]

After testing a support level of 0.0314 the previous week, Tron [TRX] values have picked up and are on an uptrend. Tron is currently ranked number eleven on coin market cap and is trading with a market cap of $ 2.6 billion. The cryptocurrency launched in 2017 has had marvelous progress in the crypto verse. Let us have a look at what is in store for Justin Sun’s Tron.
Tron[TRX] Price Analysis

After testing a support level of $0.037 the prices exhibited an immediate spike in prices. The prices are currently testing a resistance level of $0.040. The seller pressure is hindering its progress above $0.040. The 100 EMA line exhibits an uptrend and the MACD is traced in the bullish zone. The crypto coin is in a buy region and is expected to continue the uptrend. TRX is currently trading at $0.040 and is gaining against USD by 10.72%.
Can TRX Price hit the $1 mark?
A set action plan is being followed successfully by the company. After a successful mainnet launch, TRX saw its prices climb higher in the past few days, ahead of the official launch of the Tron Virtual Machine (TVM) scheduled for July 30. The Tron community is waiting for a ‘secret project’ due to be revealed on the same day.

The Tron Foundation recently acquired Bit Torrent, the file-sharing platform. This acquisition is touted to grant full decentralization to Tron network and also enable easy access of the digital content on the network. Also, the cryptocurrency is on a spree to find bugs in their system with their bug bounty hunts to make the network more secure.
Tron also completed the third batch of their coin burn yesterday. When a digital coin is burned, the remaining coins will increase in value significantly. Even when a particular amount of token is burned, the demand for the cryptocurrency may stay the same. The decrease in supply will cause the remaining tokens of prices to increase. This factor will prod the price values even higher.

[mk4]

It theoretically can, as it's a mostly hype based project in the first place, and people who base their research off Reddit and Twitter shills would likely buy it anyway. Long term though? Meh. It'd be dead.

[timmmers]

Thinking about 1USD for TRON? Maybe, but you can´t look at technical analysis but at fundamental analysis.
1USD for 1TRON is a distant future. At first Bitcoin needs to show the power and after that we can think about altcoin growth. 

[Kang TB]

Thinking about 1USD for TRON? Maybe, but you can´t look at technical analysis but at fundamental analysis.
1USD for 1TRON is a distant future. At first Bitcoin needs to show the power and after that we can think about altcoin growth. 

well, i knew everything is possible
but, you should knew the circulating supply from tron now is about 66,682,072,191 TRX
and if tron price want to touch $1, the market capitalizations of tron must be same with the circulating supply in that period my friend and thats really huge amount of money,, could tron reach that market cap ?
then, how much the price of BTC if tron price touch $1 ?

[coinporch]

Thinking about 1USD for TRON? Maybe, but you can´t look at technical analysis but at fundamental analysis.
1USD for 1TRON is a distant future. At first Bitcoin needs to show the power and after that we can think about altcoin growth. 

well, i knew everything is possible
but, you should knew the circulating supply from tron now is about 66,682,072,191 TRX
and if tron price want to touch $1, the market capitalizations of tron must be same with the circulating supply in that period my friend and thats really huge amount of money,, could tron reach that market cap ?
then, how much the price of BTC if tron price touch $1 ?

well, tron is good altcoins but for me 1 TRX = 1 USD is hard to be true,
even in my analyis tron price will stay below $0.5 in all time wich mean now or in the future

[cahkalem]

It theoretically can, as it's a mostly hype based project in the first place, and people who base their research off Reddit and Twitter shills would likely buy it anyway. Long term though? Meh. It'd be dead.

how can a project with billions supply will reach that price level in theoretically
i'm sure, this coin will never touch $1

[futureofeth]

It theoretically can, as it's a mostly hype based project in the first place, and people who base their research off Reddit and Twitter shills would likely buy it anyway. Long term though? Meh. It'd be dead.

how can a project with billions supply will reach that price level in theoretically
i'm sure, this coin will never touch $1

Yes, people who have trust towards this coin are predicting higher value to this coin, look at the supply of this coin and the chances of reaching to 1$ is a really tough one. I hope it is impossible for any coin with billions of supply.

[tokeweed]

^ ^  Lots of people were sure wrong when they said some coins couldn't reach 1 USD during the last bubble.  And I'm sure lots of people will be wrong in the next one imo.

Anyway, did anybody find Justin Sun's apology weird?  It almost feels like he's connected or has some connection to the CCP and was saying sorry to them.  The term 'elders' was peculiar.

[Endikadija]

It theoretically can, as it's a mostly hype based project in the first place, and people who base their research off Reddit and Twitter shills would likely buy it anyway. Long term though? Meh. It'd be dead.

how can a project with billions supply will reach that price level in theoretically
i'm sure, this coin will never touch $1

How can you argue if that was not possible when ripple had achieved $3 for each ripple in a few years back? it's possible but im not sure this one will reach even a single digit of dollar caused by i can't this platform as a perfect platform that offers everything to the users. The CEO and team were only creating so many buzzwords for marketing purpose only without thinking about how to bring the real use case for tron coin.

[LogitechMouse]

I'm not saying that Tron will not reach 1$ in the future but the probabilities it to happen is close to zero. The project is still alive because of hype. If you know, the recent hype that Justin Sun did which is the lunch with Warren Buffet  was cancelled and after that the price dropped immediately. That is one example of the hype of Tron and it will happen in the next years.

[TrueColorsBby]

I'm sure it will reach $1. My money's in for it at least

[DU18]

I'm sure it will reach $1. My money's in for it at least

Is it available the possibility of trx prices will be able to reach $1 ? but maybe it will take quite a long time to reach the price you want, because at this time the price of trx us$ 0.02 and in my opinion it is very far and will require sufficient time long to reach the price of us $ 1.

[btcyoda]

I'm sure it will reach $1. My money's in for it at least

Is it available the possibility of trx prices will be able to reach $1 ? but maybe it will take quite a long time to reach the price you want, because at this time the price of trx us$ 0.02 and in my opinion it is very far and will require sufficient time long to reach the price of us $ 1.

Yes, you are right, with the current supply of Tron it is impossible to cross more than 1$ because of most of the community members are very active in trading this coin. We are seeing many Dapps are being developed under this blockchain but 1$ is the really very high amount for the Tron.

[knuckey]

if I see the developments that occur in trx at this time, it will be very possible trx can reach $1. the growth of crypto users in Asia is very rapid and this will affect demand in the future, especially crypto from Asia.