TRON (TRX) hasn’t lived up to expectation and its performance isn’t anywhere near what was anticipated when it launched its main network. In fact, the crypto has lost value consistently since then. One thing springs to the minds of an investor is will TRON live up to the expectation and rally to the top? It’s difficult to concisely say what happens to a crypto in the future. However, for TRX, there are reasons to believe things will look up in the coming months.
Market Sentiments Currently
Q2 hasn’t just been tough for TRX; it hasn’t been great for most cryptocurrencies too. The mini-recovery in early May has been anything but false hope. The top cryptos have struggled, the bearish signals lingering longer than expected. And since coins like TRX are greatly influenced by market trends, prices have swayed sideways and downwards.
Experts and market analysts have also indicated that the market should see an upturn in the next one or two months. As one of the most promising coins and with the most passionate communities, TRX should see a surge in interest as soon as sentiment begins to head north. TRON’s decline, therefore, shouldn’t be taken in isolation.
What Does The Future Hold For TRON?
Some analysts predict that next quarter might be a good one for Tron as it becomes completely independent. TRX token migration is getting support from all investors and exchange. Although the price of TRX hasn’t taken a surge as expected, however, with platform developments and more partnerships, a lot is being expected from this young project in the near future. Also, in the coming months, we’ll be able to see the performance of its main net that will further assess its value. Moreover, with the concern of high token supply of TRX tokens, coin burn will help in reducing the circulation.
Support from Ledger Nano S. and migrating to its very own blockchain in addition to being one of the most active cryptocurrency, Tron can work the price in its favor and easily hit the $1 price level.
Looking at Tron (TRX) chart, it is clear that it is about to shoot up in value in the near-term. On the weekly charts, Tron (TRX) is trading at a major long-term support level, around $0.04 – $0.035. The fact that it has not dropped lower than this level despite the market crash shows that Tron (TRX) is about to skyrocket. If Tron (TRX) breaks above this range, it could easily reach $0.10 in a few weeks.
However, unlike in the past, Tron now has its own main net, which means that the launch of Dapps on the network will see its price push higher than this level. Going by the features of the Tron (TRX) blockchain such as high transaction speeds and low costs, it is almost given that there will be a Dapps explosion on Tron.