TRX Price Prediction :: Bulls Push TRX To New Highs

TRON is gaining bullish momentum, with the bulls taking over after the digital asset gained 1%.

TRON has proven to be a low-risk investment in the short term and has significant upside potential in the long term.

Tron (TRX) has been hit by a bullish wave that has swept the entire cryptocurrency market. The digital asset is up almost 1% in the last 24 hours and is trading at $0.07454.

Moreover, over the past seven days,** TRX** has risen in price by almost 5%. With a market capitalization of $6.7 billion, the token is the tenth largest cryptocurrency.

After several weeks of sideways trading, the bulls seem to be taking over the market and retesting local resistance. Technical analysis points to $0.06500 as resistance, while $0.06500 is current support.

This potential breakthrough came just a few days after the community celebrated its fifth anniversary on the web.

Tron was first deployed on Ethereum and then launched on the mainnet in 2017, by the end of 2021, the project was transformed into a Decentralized Autonomous Organization (DAO).

Since the launch of the TRON Foundation, the thousands of developers working in the ecosystem have been striving to transform the industry and empower individuals.

As a direct competitor to Ethereum, Tron offers higher scalability, lower transaction costs, and greater availability than Ethereum.

The company's efforts to integrate, partner and develop its network have led to an increase in social demand among its colleagues.

Justin Sun, the founder of Tron, recently announced a significant milestone with total remittances exceeding $5 trillion. Such significant growth demonstrates the usefulness and potential profitability of the project.

Potential growth rate of TRON (TRX)

According to various forecasts, the long-term outlook for TRX is bullish, with Cryptopolitan predicting that the token will end the year trading above $0.088 USD.

According to their analysis, the token will trade above $1.48 by 2030 the forecast for 2030 is well above the current all-time high of $0.3004 set five years ago. Part of the current decline is due to the bearish phase seen in the broader market.

The project intends to attract new users and dApps to develop the ecosystem. Justin Sun recently spoke about the innovative mission and vision of TRON, emphasizing the important role of trust.

He emphasized that TRON pays attention not only to technological progress, but also to the promotion of social values. He noted that:

Tron's biggest strength is not just the technology, but the trust of all of our users and communities. Trust is our cornerstone. In a challenging environment, a group with a clear vision, unwavering commitment and community trust is truly exceptional. That is what Tron is aiming for.

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