Bitcoin
BTC$39 040.88

-7.22%

Ethereum
ETH$2 879.38

-8.41%

Tether
USDT$1.000246

-0.01%

Binance Coin
BNB$430.41

-8.67%

USD Coin
USDC$1.000181

-0.07%

Cardano
ADA$1.23

-8.92%

TRON Price Forecast for October 2019


September 2019

TRON (TRX) has been one of the most popular cryptocurrencies in 2018. The project definitely achieved much last year, and its achievements continued in early 2019, as well. Recently, however, it seemingly started losing its edge and sinking on the list of largest cryptocurrencies by market cap.

Earlier, it was among the top 10 cryptos, and only occasionally pushed out to the eleventh spot on the list. These days, on the other hand, it dropped all the way down to 15th spot, with its price threatening to reach lows that weren't seen even during the bear market of 2018.

TRON so far


When it was originally launched, TRON was nearly worthless, with its price being only a fraction of a cent. It was between $0.001 and $0.004 for the first few months following its launch in September 2017. However, in December 2017 and early January 2018, things changed quite sharply.

TRX price surged, and the coin went beyond $0.24. This was quite impressive for crypto with a total supply of nearly $100 billion coins. Of course, this did not last for very long, and TRX was soon back down, with its price mostly being $0.01 and $0,03, often going up and down between these two barriers. This situation continued throughout 2018, but TRON managed to stay afloat, mostly thanks to all of its technological advancement, new projects, constant partnership announcement, and of course — Justin Sun's hype-building abilities.

TRON managed to launch its own blockchain, its own DEX, announce several projects, and purchase BitTorrent, which led to its next major plan — to launch BitTorrent token (BTT) and use it to reward torrent users who participate in sharing content.

This was done too, in late January 2019, and it also marked the start of the IEO token sale model. After that, Binance publicly supported TRX and BTT, and for a time, it seemed like TRON is back on its way to the top 10 list and high price.

Unfortunately, this did not happen. After briefly surging from $0.024 to $0.038, TRON started dropping once again as June 2019 came to an end. It has been spiraling down ever since, and its price is currently sitting at $0.014, after dropping by 3.20% in the last 24 hours.

Even though TRON's ecosystem is quite well-established at this point, that its blockchain is fast, cheap, and great for developing dApps, smart contracts, and even new tokens — the coin itself does not seem to be having a particularly great time. It kept sliding down the list of largest cryptos, eventually being overtaken by Monero, Stellar, Cardano, UNUS SED LEO, and even Huobi Token. It is also the first coin on the list whose market cap is currently below $1 billion.

What will happen to TRON in the future?


While most other tokens are seeing drops in price right now, TRON seems to be taking the bearish part of 2019 particularly badly. This is, obviously, not the greatest time for the crypto market, although it is still better than in 2018. Even Bitcoin has trouble keeping its price at high levels.

But, while BTC price is still three times larger than it was at the beginning of the year, TRX has spiraled down, going below its price in January 2019. It is possible for it to make a comeback in the following months, especially if analysts are correct in predicting another major bull run.

However, if TRON keeps going the way it is going right now, chances are that it might just keep sinking and that it will never become the project is aimed to be. The future remains uncertain for TRON, even more so than for other cryptocurrencies, as investors seem to be losing interest in the coin. Whether or not this will change remains to be seen, but right now — TRX seems to be in a bad place, as far as its price is concerned.

Author: Ali Raza for Crypto-Rating.com

Related

The 2025 - 2030 TRON (TRX) Price Prediction: The Long Way to All-Time High and Above
The 2025 - 2030 TRON (TRX) Price Prediction: The Long Way to All-Time High and Above
TRON (TRX) Changes Its Stance to Bearish
TRON (TRX) Changes Its Stance to Bearish
TRON (TRX): Anticipating the Resolution of Symmetrical Triangle
TRON (TRX): Anticipating the Resolution of Symmetrical Triangle
TRON (TRX): A Pullback After a Huge Bullish Spike?
TRON (TRX): A Pullback After a Huge Bullish Spike?
TRON (TRX) Stays On a Slow Course to the Upside
TRON (TRX) Stays On a Slow Course to the Upside
TRON (TRX) Could Be Setting Up a Bear Trap
TRON (TRX) Could Be Setting Up a Bear Trap
Tron Is Heading for a Range in April 2020
Tron Is Heading for a Range in April 2020
TRON is Under the Bears’ Thumb
TRON is Under the Bears’ Thumb
Tron (TRX) Maintains Royal Price Action
Tron (TRX) Maintains Royal Price Action

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 68.8% 62 $39 040.88 -7.22% -8.43% $739 272 698 192 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 78 $2 879.38 -8.41% -11.89% $343 362 353 655 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000246 -0.01% -0.01% $78 293 819 854 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70% 56 $430.41 -8.67% -10.53% $71 067 234 301 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000181 -0.07% 0.06% $42 323 176 462 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 77.2% 49 $1.23 -8.92% -3.24% $41 335 207 166 ADA 7 days price change
7 Solana (SOL) SOL Solana predictions 60.4% 87 $123.76 -9.49% -15.76% $38 925 443 034 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 67.6% 59 $0.693543 -6.81% -11.08% $33 056 440 033 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 71.6% 58 $77.96 -5.52% -1.68% $27 793 156 881 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 75.6% 48 $22.57 -8.15% -15.86% $22 288 386 456 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 73.6% 50 $0.153937 -6.61% -21.88% $20 422 994 619 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 62.8% 77 $76.66 -9.52% -14.89% $18 732 789 600 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000826 0.14% 0.07% $14 330 648 641 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70% 64 $1.91 -7.86% -15.40% $14 245 685 054 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 68.8% 68 $0.000026 -7.36% -17.83% $14 156 578 796 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.