Tron Consumes 99.9% Less Power Than Bitcoin and Ethereum, Crypto Researcher Says (2024)

FAQs

Is TRON better than Ethereum? ›

TRC-20 tokens are generally faster than ERC-20 tokens, as the Tron network has a higher transaction per second (TPS) rate than Ethereum and lower fees, made possible by the Delegated Proof-of-Stake consensus mechanism (more on this later). As for the token setups, there are more similarities than differences.

Can TRON reach $10? While it is possible that TRON could reach $10, even the most bullish of analysts believe that is at least 5 years away. Keep in mind that TRON will move along with the other Crypto market.

The US Securities and Exchange Commission last year announced charges for Sun and his companies including Tron Foundation, including the unregistered offer and sale of crypto asset securities and fraudulently manipulating the secondary market of TRX through wash trading.

With that said, Tron is currently the #10 project across all of crypto in terms of market cap. It's #1 in terms of active unique wallets and #2 in terms of transactions and 365-day revenues.

“Tron is the 13th largest cryptocurrency by market cap.,” explained Austin Arnold in the video above. “Think of them like an Ethereum killer, or really more like Asia's version of Ethereum, in the sense that they are a smart contract platform you can build on top of.”

The TRON price prediction for 2025 is currently between $ 0.106660 on the lower end and $ 0.430303 on the high end. Compared to today's price, TRON could gain 251.72% by 2025 if TRX reaches the upper price target.

Experts are optimistic about TRON's future price performance, but can only bet on the token reaching $1 in the next five years. Both technical and fundamental analysis of the TRON price indicates that it will be highly unlikely for the token value to reach $1,000 or even $10,000 in the short to medium future.

Very highly unlikely. If TRON were to reach $100 per token, the market cap for TRON alone will have to reach more than 5 trillion.

According to our Tron price prediction, TRX price is expected to have a -8.99% decrease and drop as low as by May 06, 2024. Our analysis of the technical indicators suggests that the current market feeling is Bullish Bearish 16%, with a Fear & Greed Index score of 67 (Greed).

What is TRON backed by? ›

Tron offers a unique decentralized platform for digital content sharing, backed by its native cryptocurrency Tronix (TRX), with notable adoption in entertainment and blockchain sectors.

Dogecoin ($DOGE)

Spotlight Wire Dogecoin, commonly known by its moniker DOGE, being the world's first meme crypto is the strongest candidate on this list to achieve 1$ valuation.

Experts in the crypto space closely monitor the fluctuations of Tron. According to their analyses, the projected average timeline for TRX to reach $1.00 is 2030, with an estimated average price of approximately $1.24.

Tron, along with The Last Starfighter, was one of cinema's earliest films to use extensive computer-generated imagery (CGI). The inspiration for Tron dates back to 1976, when Lisberger became intrigued with video games after seeing Pong.

There is also the risk of scams and fraudulent schemes in cryptocurrency, so it's important to do your due diligence and research before investing. That said, some people see Tron having significant potential for growth and as an investment opportunity with long-term potential.

Faster Transactions: Tron boasts significantly faster transaction speeds compared to Ethereum, leading to quicker and more efficient transfers. Lower Fees: Transaction fees on Tron are typically much lower than those on Ethereum, saving you money when moving your assets.

Experts are optimistic about TRON's future price performance, but can only bet on the token reaching $1 in the next five years. Both technical and fundamental analysis of the TRON price indicates that it will be highly unlikely for the token value to reach $1,000 or even $10,000 in the short to medium future.

Solana is better than Ethereum when it comes to transaction fees and throughput. However, Solana currently lacks Ethereum's wide adaptability.

Is Tron a Good Investment? Investing in cryptocurrency, including Tron (TRX), is considered a high-risk investment. The value of cryptocurrencies can be highly volatile and subject to rapid changes. There is always the risk of losing your investment due to market fluctuations, hacking, or other security risks.