Tron (TRX) is definitely one of the most hyped coins in the market, with all kinds of predictions flying around? So how high can Tron go? Looking at many predictions out there, many analysts tend to think that Tron could get to $3. Is this price viable?
One of the justifications given for such a valuation is the upcoming main net launch. It is expected that once Tron launches its own main net, the platform will see an increase in the number of developers launching Dapps on it. Given that Tron is way better than many other smart contract blockchains out there including Ethereum, the launch of the main net could see Tron take a sizeable chunk of this market. If this happens, a $3 valuation or even higher is very much possible. The smart contract space is growing fast, and getting a piece of it, will reflect in its value.
Another justification for a $3 and above Tron (TRX) valuation is the charismatic nature of Justin Sun. Justin is one of the most passionate leaders in crypto space. He is always pushing the project into new heights, and always communicates well with the community at all times. For instance, he cut the main net launch date from July to the end of May, further instilling confidence in the Tron project. Once the main net goes ahead successfully, TRX could experience a massive surge in volumes that could see its value increase significantly. But it’s not just Justin’s passion that makes him influential. There is also the fact that he is somehow connected to Chinese tech billionaire, Jack Ma. It is this connection that makes people believe that at some point Tron will land a partnership with Alibaba. Were this to happen, then Tron could be one of the most valuable cryptos in the market, and it sure could push to $3 or even more.
Tron (TRX) massive price predictions are also based on the fact that they have a strong potential for growth in the gaming industry. This is based on Tron’s partnerships with blockchain gaming platforms such as Game.com. If Tron gets entrenched in the gaming world, a billion dollar industry, and one of the fastest growing industries in the digital space, then the same would reflect in its value. Many anticipate that if Game.com becomes a Tron super delegate, the partnerships will open up opportunities that could see Tron get to $3 and above.
The only objection that some have about TRX is that it has a very high coin supply. However, given that TRX is doing coin burns, its supply will reduce over time. With the kind of demand that Tron has at the moment, a continuous decline in supply over time could see its value get to $3 and above. Besides, the 2017 crypto rally showed us that in the crypto market, the coin supply has nothing to do with how high a coin can go. If the demand for Tron (TRX) goes high enough, it could rise significantly, even at its current coin supply.