Tron inventor Justin Sun predicts that the TRX Coin price will rise to $ 20

Meanwhile, TRX Coin has been trading below its all-time high for seven years. However, some analysts expect a major breakout. A $ 20 TRX will bring the asset to a value of over $ 1.7 trillion. Thus, it will position Tron as a potential trillion-dollar altcoin.

Tron (TRX) inventor Justin Sun has predicted that the TRX coin price could reach $20. TRX has been trading below its all-time high for seven years, but some analysts now anticipate a major breakout. At $20, TRX would be valued at over $1.7 trillion, potentially making Tron a trillion-dollar altcoin.

Tron inventor predicts ‘$20’ for TRX coin!

As reported by Kriptokoin.com, the market entered November with a strong rally. Bitcoin and most altcoins experienced spectacular rallies, leading to increasing optimism. Tron Blockchain founder Justin Sun has predicted a bold price target of $20 for the TRX coin. Sun responded to an analyst's prediction about TRX's potential in the current bull market and shared this ambitious outlook on social media. TRX was trading at $0.2048 last week, up 25 percent.

‘TRX set to explode after seven years of seven years of price compression!’

The analyst, known as Intuit Trading, has warned crypto market participants that they should not be surprised if Tron's seven-year price squeeze ends with an explosive upward momentum during the bear supercycle. According to the analyst, this would likely propel TRX above $20 early this year. Notably, TRX has been trading below its all-time high of $0.30004 for seven years. The token failed to reach a new high in 2021 despite the bullish momentum created by Bitcoin's $69K peak.

However, the analyst predicts that TRX will reach a new all-time high this cycle. Currently, TRX is trading just 31% below its seven-year all-time high. Tron founder Justin Sun seems to agree with the prediction that TRX will reach $20 if the anticipated breakout occurs. To reach $20 from its current price of $0.2048, a 97-fold increase or 9.665% gain is needed. TRX's circulating supply is 86.38 billion tokens. At a price of $20, the altcoin's market capitalization would exceed $1.7 trillion, rendering it a trillion-dollar asset.

According to the analyst, $20 is just the starting point!

In a subsequent commentary, Intuit Trading suggested that $20 would only be the starting point for TRX. The analyst believes that with the continued collapse of the dollar and rising inflation over the next few decades, the value of Tron could continue to rise much higher. According to the analyst, the question is not whether TRX will reach $200 or $2,000, but when. Intuit Trading predicts that this moment will arrive sooner than most people expect.

Stay up to date with the latest breaking news by following us on Twitter, Facebook and Instagram, and joining our Telegram and YouTube channels.