Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Tron’s TRX Could Reach $20, Founder Justin Sun Predicts

Tron’s TRX Could Reach $20, Founder Justin Sun Predicts

CoinEditionCoinEdition2024/11/17 16:00
By:Abdulkarim Abdulwahab

Justin Sun predicts TRX could soar to $20, a 9,665% increase, in the current bull market. TRX has been trading below its all-time high for seven years, with analysts expecting a major breakout. A $20 TRX would make the asset worth over $1.7 trillion, positioning it as a potential trillion-dollar token.

  • Justin Sun predicts TRX could soar to $20, a 9,665% increase, in the current bull market.
  • TRX has been trading below its all-time high for seven years, with analysts expecting a major breakout.
  • A $20 TRX would make the asset worth over $1.7 trillion, positioning it as a potential trillion-dollar token.

Justin Sun, the founder of the Tron blockchain, predicts an astonishing $20 price target for TRX. Sun shared this bold outlook on X, reacting to an analyst’s prediction for TRX’s potential in the current bull market. TRX is trading at $0.2048, up 25% over the past week.

TRX Set to Explode After Seven Years of Compression

On X, analyst Intuit Trading warned crypto market participants not to be surprised if seven years of price compression during the bear supercycle on TRON ends with explosive upside momentum—possibly driving TRX to over $20 as early as this year.

Notably, TRX has been trading below its all-time high of $0.30004 for seven years. The asset failed to reach a new peak in 2021 despite the bull momentum sparked by Bitcoin’s $69K peak. However, the analyst believes TRX could set a new all-time high in this cycle. Currently, TRX is trading just 31% below its seven-year-old all-time high.

Remarkably, Tron founder Justin Sun shares the sentiment that TRX could reach $20 once the projected breakout occurs.

At its current price of $0.2048, reaching $20 would require a 97-fold increase or a 9,665% gain. With a circulating supply of 86.38 billion TRX, a $20 price tag would elevate the asset’s market capitalization to over $1.7 trillion—turning it into a trillion-dollar asset.

$20 Just the Beginning

In a follow-up comment , Intuit Trading suggested that $20 may only be the beginning for TRX. The analyst believes that with the dollar’s ongoing collapse and rising inflation over the next few decades, TRON’s value could continue to rise much higher.

According to the analyst, the real question is not whether TRX will reach $200 or $2,000 but when—and that moment may arrive sooner than most expect.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!