Tron (TRX) could reach $1 sometime in 2018. Just look at Ripple and its recent run, which took XRP from +/- $.25 in December, 2017 to an all time high of $3.85 on January 4th, 2018. Ripple is a good example of a coin with a large circulating supply that experienced unexpected hockey stick growth (see below).
Tron is a remarkable success if you look at its YTD growth rate and current market cap. There is no reason to believe — with its charismatic founder, large fanbase, strong tech team and rockstar investors and advisors — that Tron won’t get is mojo back by Q2 or early Q3.
Tron’s recent bull run, which started in late December and wound down in early January, has sucked all of the FOMO out of the coin (which is actually a good thing). It has stabilized in the $.06-$.07 range and will most likely remain sluggish until March of 2018, when its Main Chain is set to launch. I predict that a rally will start to build momentum at this time, especially if the tech release is accompanied by some major news and the release of new DApps similar to Crypto Dogs.
I am fairly bullish about Tron and completely ignore the FUD being stirred up by competitors and nervous day traders (complete rubbish). All coins go through dips. Tron is experiencing a predictable dip after a surge in interest that was then followed by some unfortunate circumstances, including a general crash of the crypto market that wiped out hundreds of billions of market cap. This kind of thing has happened to all of the major coins, including Bitcoin, Ethereum and Ripple. All have dipped and all have survived.
My advice is to buy TRX while it is low (during the dips) and hold. Tron is not a small altcoin that is only propped up by speculation. It is a major project run by serious entrepreneurs. Mark my words: it will be back in the top 10 in 2018 and will spike again, reaching levels that will surprise most people.
If you are an early investor in Tron, or if you bought at the height of the last bull run, you are probably eager to see Tron regain its momentum sooner rather than later. Following are some things to look out for that may set the stage for a new rally in Q2/Q3:
Regulatory saber rattling in Korea dies down.
China signals that it may ease cryptocurrency regulations and allow exchanges to re-open. This is inevitable, despite recent crackdown efforts relating to OTC trading and mining.
Bellwether coins such as Bitcoin and Ethereum are in the green, indicating that there is more liquidity for altcoins. As they say, “a rising tide floats all boats”.
Tron releases their Main Chain without a hitch.
Tron starts coin burning.
Another DApp is released, like Crypto Dogs, that captures people’s imagination.
Justin Sun announces an event, which could take the form of a partner summit or developer conference, where big news will be released to the public. I can see this happening at an office in China that hints at who the big news might be about. This will lead to speculation and probably be the trigger of the rally.
Last, but not least, market makers and whales start buying up TRX to accelerate the rally. Watch the trades on Binance and other exchanges that trade TRX.
I hope this helps and I hope this gives you a better understanding of why I think we may see a $1 TRX sometime in 2018
I agree with what you have to say! I just think a lot of people have lost faith in tron.