Tron’s $TRX : Founder Justin Sun predicts TRX could hit $20, a 9,665% increase, in the current bull market🚀
Justin Sun, founder of the Tron blockchain, has made a bold prediction, predicting that $TRX could reach a price of $20. Sun shared his optimism on social media platform X, supporting one analyst’s view on $TRX’s potential in the current bull market.
♦️Statement from Justin Sun:
“It’s $20, not 20 cents,” Sun reiterated on X, showing his confidence in TRX’s long-term potential.
🔥TRX Positioned for Takeoff After Years of Compression
According to cryptocurrency analyst Intuit Trading, TRX is poised for explosive growth after enduring seven years of price compression during a prolonged bear market cycle.
The analyst speculates that this takeoff could propel TRX above $20 within the current market cycle.
📍TRX has remained below its all-time high of $0.30004 for seven years.
📍Despite the 2021 bullish rally, TRX failed to set a new peak, lagging behind Bitcoin's all-time high of $69,000.
📍TRX is currently trading 31% below its all-time high, indicating significant upside potential in the next bullish phase.
📍At its current price of $0.2048, a move to $20 would represent a remarkable gain of 9,665%, boosting its market cap to over $1.7 trillion, assuming a circulating supply of 86.38 billion TRX.
🚀$20 could be just the beginning
Intuit Trading has suggested that $20 could be just the beginning for TRX. The analyst highlighted that with continued inflation and the potential depreciation of the US dollar, TRON’s value could increase exponentially in the coming decades.
According to the analysis, the real question is not whether TRX could reach $200 or $2,000, but when.
♦️Conclusion
While Justin Sun’s prediction of $20 for TRX is ambitious, the combination of market sentiment, macroeconomic trends, and the potential for a takeoff after years of price consolidation presents a compelling case for significant growth.