Despite the heavy crypto crash, the TRON crypto project managed to keep its prices somewhat steady. This is of course compared to the entire crypto market, as TRX lost only 22% in 2022 compared to the average of 60% in the crypto market. However, beyond 2022, TRON might be a very good project yielding very high returns over the long run. How high can TRON reach in 2050? Let’s analyze in this TRX price prediction article.
What is TRON Crypto?
Tron is a blockchain that aims to reduce the processing time of transactions. While Bitcoin and Ethereum are able to handle 6 and 25 transactions per second, Tron claims to be able to handle 2,000 transactions per second (TPS). It is a decentralized platform that hosts content sharing and entertainment. Back in 2018, Tron acquired the famous BitTorrent, a well-known website for file sharing.
In their list of goals, Tron is looking to build an all-in-one platform for file sharing through financial rewards, and allowing content creators (especially in the gaming industry) to monetize their work. They also are among the most popular blockchains to host decentralized apps (DApps).
How did TRX perform in 2022?
The entire crypto market fell by an average of 60% since the beginning of 2022. However, some cryptos lost less than others. TRX is one of those tokens that managed to lose the least compared to the crypto market as a whole. Surprisingly, its price action still shows an uptrend while most cryptos are showing bearish price actions. In figure 1 below, we can see how TRX is still on an uptrend since 2020.
TRX did crash in prices 3 times in the past 2 years. However, those price crashes were just adjustments that occurred after a strong pump in prices. TRX went back towards its average uptrend line despite the bearish crypto sentiment in 2022.
What is USDD?
The Tron crypto project launched USDD (Decentralized USD). It is an algorithmic stablecoin, much like Terra’s UST. They claim to be able to combine price stability with fiat currencies and other cryptocurrencies such as Bitcoin. This is done by creating a basket of currencies and cryptocurrencies to maintain the price. Volatility was a hot topic in the cryptocurrency community. It is one of the key reasons why investors are hesitant to invest in cryptos. Tron hopes to change that with the launch of its USDD stablecoin. Through a patented algorithm that automatically changes stablecoin supply based on demand, they would maintain a “one stablecoin to one fiat” peg. This is made possible by TRX, their token, which provides liquidity, price stability, and is easily swappable to other stablecoins at advantageous exchange rates.
Was USDD a Successful Stablecoin?
In 2022, many stablecoins lost their peg either indefinitely, or briefly. Terra’s UST crashed hard and left its investors to dust, while the founder is said to be running away from the government. USDD however lost its peg briefly as well back in mid-june 2022. The reason for this is because algorithmic stablecoins aren’t backed up by anything, except an algorithm that buys USDD when its prices fall below $1, and sells USDD when its prices increase higher than $1.
However, during extended crypto bear markets, it becomes hard to buy USDD constantly, as the reserve would run out of money, just like what happened to UST. USDD is back around 1$, but skeptics are taking a deep look at what might happen.
Is USDD a Good Investment?
If you plan to acquire a stablecoin with the intention of holding it, your investment will be worthless. Because of its consistent pricing, it is known as a “stablecoin.” Due to its peg to the US currency, 1 USDD is equal to 1 USD. Yet another technique to profit from USDD exists. With USDD, you may lock it up in a savings account and earn an interest just as you can with traditional currencies.
There are currently two different methods of mining:
- Designated mining: this process is done through a centralized platform such as SunSwap, JustLend and Poloniex. This will yield a profit of a maximum 30% APR.
- Cooperative mining: this process is done directly through the TRON DAO reserve. The yield for this method will fluctuate around 30%.
How High can TRON reach in 2050?
TRON Price Prediction 2025
The minimum price of TRON is predicted to be about $0.20 in 2025 based on an examination of past year’s pricing. The TRX price may go as high as $0.40 at most. In 2025, the average trade price may be $0.30.
TRON Price Prediction 2030
According to technical research performed on TRON prices by cryptocurrency specialists, the minimum and maximum TRX values in 2030 are predicted to be about $0.60 and $0.87, respectively. The typical anticipated trading expense is $0.70.
TRON Price Prediction 2040
The values of TRON and their variations over the last years have been researched by cryptocurrency professionals. The lowest and maximum TRX prices are predicted to be $1.1 and $1.5 respectively in 2040. The cost of trading will typically be approximately $1.2.
TRON Price Prediction 2050
According to cryptocurrency specialists’ study of TRON’s expenses, the highest and minimum TRX values in 2050 are predicted to be $4 and $6, respectively. It will often sell for $5.