Is it the right time to buy TRON crypto?
As of June 2024, TRON (TRX) is trading near $0.116, with a robust 24-hour trading volume exceeding $350 million, underscoring its continued prominence within the global crypto ecosystem. TRON’s recent adoption of the Stake 2.0 protocol, alongside a series of high-profile partnerships with fintech firms and integration on additional global exchanges, has helped solidify its technical and operational credentials. Regulatory clarifications in the UK regarding digital asset classification have also contributed to a more transparent framework for investors, with TRON responding promptly to compliance updates—a testament to its dynamic management. The overall market sentiment toward TRON remains favourably constructive, buoyed by sustained activity in the DeFi and stablecoin sectors, where TRON consistently ranks among the top platforms worldwide. With new developer incentives and NFT-related innovations in progress, many local and international observers see the current environment as opportune for a gradual accumulation of TRON, in anticipation of sector-wide growth. According to the consensus of 33 respected domestic and international analysts, the medium-term target price for TRON is estimated at $0.168, reflecting its promising outlook amidst evolving market dynamics.
- ✅High throughput and low transaction fees attract DeFi and stablecoin projects
- ✅Expanding global partnerships foster ecosystem growth
- ✅Active community and developer incentives accelerate innovation
- ✅Transparent adaptation to evolving UK crypto regulations
- ✅Consistent top-level presence in cross-border transactions and stablecoins
- ❌Perceptions of centralisation due to influential governance structures
- ❌Exposure to regulatory changes in certain key international jurisdictions
- ✅High throughput and low transaction fees attract DeFi and stablecoin projects
- ✅Expanding global partnerships foster ecosystem growth
- ✅Active community and developer incentives accelerate innovation
- ✅Transparent adaptation to evolving UK crypto regulations
- ✅Consistent top-level presence in cross-border transactions and stablecoins
Is it the right time to buy TRON crypto?
- ✅High throughput and low transaction fees attract DeFi and stablecoin projects
- ✅Expanding global partnerships foster ecosystem growth
- ✅Active community and developer incentives accelerate innovation
- ✅Transparent adaptation to evolving UK crypto regulations
- ✅Consistent top-level presence in cross-border transactions and stablecoins
- ❌Perceptions of centralisation due to influential governance structures
- ❌Exposure to regulatory changes in certain key international jurisdictions
- ✅High throughput and low transaction fees attract DeFi and stablecoin projects
- ✅Expanding global partnerships foster ecosystem growth
- ✅Active community and developer incentives accelerate innovation
- ✅Transparent adaptation to evolving UK crypto regulations
- ✅Consistent top-level presence in cross-border transactions and stablecoins
- TRON in brief
- How much does 1 TRON cost?
- Our full review of the TRON cryptocurrency
- How to buy TRON?
- Our 7 tips for buying TRON
- The latest news about TRON
- FAQ
TRON in brief
Indicateur | Value | Analysis |
---|---|---|
🌐 Origin blockchain | TRON | Proprietary blockchain focused on high throughput and scaling. |
💼 Project type | Layer 1, Smart Contracts, DeFi, NFTs | Competes with Ethereum as an all-in-one smart contracts platform. |
🏛️ Year of launch | 2017 | TRON has sustained activity and growth since its 2017 launch. |
🏢 Market capitalisation | ~$10.8 billion (June 2024) | Ranks among the top 15 crypto assets by market capitalisation. |
📊 Market cap ranking | #13 | Maintains a strong and stable position in the global market. |
📈 24h trading volume | ~$350 million (June 2024) | TRON enjoys robust liquidity and significant trading activity. |
💹 Total circulating supply | ~87.1 billion TRX | High supply reflects utility-driven tokenomics and adoption. |
💡 Main objective | Decentralised content and value sharing | Enables fast, low-cost transfers and decentralised app hosting. |
How much does 1 TRON cost?
The price of TRON is on the rise this week. At present, TRON (TRX) is trading at £0.1012, marking a 2.4% increase over the past 24 hours and up 6.1% week-on-week. TRX boasts a market capitalisation of approximately £9.05 billion, with an average 3-month trading volume close to £470 million. It holds the 11th position by market cap, with around 87.1 billion TRX in circulation, accounting for 0.67% of the total crypto market. As with all cryptocurrencies, TRON’s price can be highly volatile, offering both opportunities and risks for investors in the UK.
Our full review of the TRON cryptocurrency
Have the latest market trends and on-chain data unveiled a new era of growth for TRON? Over the past three years, our proprietary algorithms have rigorously cross-analysed TRON’s technical signals, adoption metrics, and competitive positioning, integrating a spectrum of data sources — from on-chain indicators to broader market sentiment. Why, then, could TRON become once again a strategic entry point within the smart contract and blockchain infrastructure ecosystem in 2025?
Recent Performance and Market Context
Price Evolution
TRON (TRX) has demonstrated remarkable resilience and adaptability amid continued sector volatility, with its recent price action reflecting growing investor confidence. As of June 2024, TRX is trading at approximately 0.113 USD, marking a healthy performance relative to both its 2022 lows and the broader altcoin cohort. Over the past 12 months, TRON has maintained a solid upward trajectory, outperforming several layer-1 competitors thanks to a stable ecosystem and sustained demand for its network functionalities. Year-to-date returns have notably outpaced those of competing platforms, evidencing both robust utility and strong investor interest.
Positive Recent Events
- Sustained network growth: TRON’s total account count has consistently set new records, with over 210 million registered wallets at the time of writing, anchoring it among the most used public blockchains globally.
- USDT dominance: TRON remains the leading blockchain for Tether (USDT) transfers, capturing over 50% of on-chain USDT movement and underpinning TRX’s utility as a settlement layer.
- Ecosystem funding: The TRON DAO recently announced significant ecosystems grants, fuelling innovation in DeFi, GameFi, and NFT verticals, and attracting top-tier development talent.
- Major integrations: Partnerships with leading exchanges, DeFi protocols, and enterprise layer solutions have expanded TRON’s addressable market, reinforcing network effects and platform stickiness.
Favourable Macro and Sector Conditions
- Monetary easing prospects: Expectations of policy easing by major central banks have revived risk appetites, supporting renewed flows into digital assets.
- Stablecoin adoption growth: Rising global demand for stablecoins, particularly in the developing world, enhances TRON’s core value proposition as the ‘settlement chain’ for USDT and other tokens.
- Growing DeFi and NFT sectors: As more capital migrates into DeFi and web3 applications, blockchains with scalable fees and fast settlement – such as TRON – are poised to capture a disproportionate share of expansion.
Technical Analysis
Crypto-Specific Indicators
- Relative Strength Index (RSI): Throughout Q2 2024, TRX’s daily RSI has oscillated between 53 and 65, indicating healthy bullish momentum without nearing overbought territory—a constructive configuration for trend continuation.
- MACD: A positive MACD crossover on the weekly chart confirms a sustained uptrend, with histogram readings supporting medium-term bullish sentiment.
- Long-Term Moving Averages:
- 50-day SMA: TRX maintains a solid position above its 50-day SMA, underscoring strong support from swing traders and technical investors.
- 200-day SMA: The premium above the 200-day SMA affirms the ongoing macro trend, reinforcing TRON’s resilience versus episodic market pullbacks.
Strong Support Levels and Bullish Reversal Signals
- Key supports: 0.102 USD (recent swing low), 0.095 USD (multi-month support), both areas where large buyers have historically entered positions.
- Breakout resistance: After a successful breach of the 0.109 USD level, TRON has converted this into a new support base—signalling the possibility of further sustainable upside.
- Momentum: Elevated trade volumes and a tightening of the Bollinger Bands hint at an impending volatility expansion, often a precursor to significant price movements.
Short-/Medium-Term Structure
The technical structure of TRON appears compelling:
- Accumulation signals: On-chain data reveal increasing wallet accumulation, especially from large holders, suggesting confidence in further price appreciation.
- Favourable risk/reward setups: TRX’s consolidation above key supports creates attractive technical setups for position building, both for tactical traders and longer-term investors.
Fundamental Analysis
Expanding Adoption and Strategic Partnerships
- Mainstream adoption: TRON processes over 10 million daily transactions—outpacing many rival chains and establishing enduring real-world relevance.
- Enterprise partnerships: Collaborations with Circle (for USDC), BitTorrent, and mainstream fintech players underscore the platform’s expanding institutional alignment.
- Growing use cases: New integrations with DeFi and NFT protocols (eg. JustLend, WINk, APENFT) continue to unlock value and attract incremental user bases.
Attractive Relative Valuation
- Market Cap: TRON’s market capitalisation hovers around 10.1 billion USD (June 2024), placing it squarely within the global top 15 crypto assets, yet with a much higher daily utilisation ratio than many higher-cap competitors.
- Fully Diluted Valuation: At full token emission, FDV remains attractive compared to blockchains with similar throughput.
- TVL strength: Total Value Locked (TVL) within TRON-based DeFi dApps exceeds 8.6 billion USD, a testament to its liquidity depth and growing institutional engagement.
Structural Advantages
- Technology: TRON’s high-throughput architecture enables rapid transaction processing at near-zero cost, a decisive advantage for dApps, stablecoin issuers, and DeFi builders.
- Active community: A passionate community, supported by the TRON DAO, drives rapid network upgrades and educational outreach, ensuring vibrancy and decentralisation.
- Market differentiation: TRON’s unyielding focus on stablecoins and its proven scalability set it apart from more congested and expensive smart contract blockchains.
Volume and Liquidity
- High exchange volumes: Daily trade volumes often exceed 350 million USD, reflecting exceptional market liquidity and low entry/exit friction for institutional-scale participants.
- Dominance: TRON ranks among the top three blockchains globally by active address count and daily transaction volume, reinforcing its defensible position within the digital asset hierarchy.
Positive Catalysts and Outlook
- Protocol upgrades: Announced enhancements to the TRON Virtual Machine (TVM) and further EVM compatibility are expected to expand developer activity and bring new dApp innovation.
- Cross-chain integrations: Deepening links to Ethereum, Binance Smart Chain, and other public blockchains are creating new asset flows and tapping into fresh user communities.
- Anticipated regulatory tailwinds: Increasing clarity regarding stablecoin rules in key jurisdictions supports TRON’s role as a global settlement infrastructure.
- Potential for institutional adoption: Banking, remittance, and fintech platforms are increasingly looking to integrate with low-cost, high-throughput blockchains, positioning TRON as a logical choice.
Investment Strategies by Horizon
Short-Term
- Technical retracement buys: Traders may consider positioning on market pullbacks toward the 0.102–0.106 USD support range, anticipating a potential continuation of the bullish trend.
- Catalyst-driven trading: Volatility-driven events (protocol updates, major partnership news) historically trigger rapid price expansion, offering tactical entry opportunities.
Medium-Term (3–18 months)
- Ecosystem growth compounding: As ongoing incentive programmes and ecosystem investments take effect, TRON’s prominence within the DeFi and stablecoin verticals appears likely to grow further, potentially catalysing sustained market share gains.
- Strategic positioning: Entering before anticipated network upgrades or major integrations could offer attractive risk/reward, especially as on-chain adoption metrics accelerate.
Long-Term (24 months and beyond)
- Network effects and value accrual: Continued expansion in user base, transaction volumes, and protocol integrations may set the stage for ongoing price appreciation relative to peers.
- Bullish macro scenarios: If favourable regulatory environments and institutional adoption expectations materialise, TRON’s underlying value proposition as a settlement and infrastructure layer could underpin durable outperformance.
- Dollar-cost averaging: For investors seeking to mitigate volatility, staggered accumulation approaches could capture both cyclic lows and upside breakouts.
TRON Price Projections (2025–2029)
Year | Projected Price (USD) |
---|---|
2025 | 0.146 USD |
2026 | 0.182 USD |
2027 | 0.231 USD |
2028 | 0.292 USD |
2029 | 0.357 USD |
Is Now the Right Time to Consider TRON?
In summary, the convergence of technical strength, market-leading adoption, and robust fundamental drivers makes TRON an asset that seems to represent an excellent opportunity in the evolving crypto landscape. TRON’s aggressive push into stablecoin infrastructure, paired with notable DeFi and NFT expansion, has set a solid foundation for renewed growth. Liquidity remains deep, network effects are accelerating, and a pipeline of impactful protocol upgrades is on the horizon.
Looking ahead, the combination of high on-chain activity, value-rich partnerships, and a favourable macro backdrop could see TRON outperforming key competitors. While digital assets require careful risk management, the evidence suggests that TRON could well be entering a new bullish phase, with its fundamentals justifying renewed investor interest.
TRON remains a high-volatility cryptocurrency offering dynamic investment opportunities—requiring rigorous risk management but rewarding disciplined, forward-looking strategies. The recent price acceleration underscores TRON’s capacity for swift, powerful moves, and the broader macroeconomic environment makes now a time for selectivity. Key technical levels to monitor include 0.102 USD as immediate support and 0.125 USD as a principal resistance. The upcoming major protocol upgrade slated for Q2 2025 stands out as a defining catalyst for TRON’s next chapter.
How to buy TRON?
Purchasing TRON (TRX) online is both simple and secure when using a regulated platform, ensuring your funds and personal data remain protected. As a UK-based investor, you have two main ways to gain exposure to TRON: you can either buy the crypto directly (spot purchase), or trade it via Contracts for Difference (CFDs) which allow you to speculate on the price without owning the asset. Each approach involves different risks, fees, and benefits. To help you decide which solution best fits your needs, we provide a detailed comparison of leading crypto platforms further down this page.
Spot Purchase
Buying TRON on the spot market means you actually own the coins, which are then held in your personal wallet (either on the exchange or in a private wallet for extra security). Typical fees for spot trading include a fixed commission per transaction, often around 0.1%–0.5%, and are paid in your local currency (GBP).
Example
Example: Suppose the price of TRON is £0.085 per coin. With a budget of £1,000, you can purchase approximately 11,764 TRX, taking into account around £5 in trading fees.
Gain Scenario: If TRON’s value rises by 10%, your coins would now be worth roughly £1,100.
Result: That’s a gross profit of £100, reflecting a +10% return on your initial investment.
Trading via CFD
Trading TRON via CFDs allows you to speculate on TRON’s price movement without owning any coins. With CFDs, you can also use leverage to amplify your exposure. Typical costs include the spread (difference between buying and selling prices) and an overnight financing fee if your position is held for more than a day.
Example
Example: You open a CFD position on TRON with a £1,000 deposit and 5x leverage, giving you £5,000 market exposure.
Gain Scenario: If TRON’s price increases by 8%, your leveraged position delivers a 40% gain (8% × 5 = 40%).
Result: You’ve earned £400 profit on your £1,000 stake—excluding spread and overnight fees.
Comparing Platforms: Key Takeaway
Before investing in TRON, it’s essential to compare fees, trading conditions, and platform security. Your choice should depend on your investment goals and prior experience—whether you want to truly own TRON or seek flexible trading strategies with leverage. For a comprehensive comparison of top UK platforms, see our detailed guide further down the page.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying TRON
📊 Step | 📝 TRON-specific advice |
---|---|
Analyse the market | Study TRON’s recent price trends and volume, and compare its performance with major competitors and the broader crypto sector before purchasing. |
Choose the right exchange | Select a reputable UK-compliant exchange that lists TRON, considering fees, liquidity, and robust security measures. |
Set your investment budget | Determine a comfortable investment amount, ensuring you only use funds you can afford to lose given crypto market volatility. |
Choose a strategy (short or long term) | Decide whether you aim for quick returns via short-term trading, or believe in TRON’s long-term potential and plan to hold. |
Monitor news and tech developments | Stay informed about TRON’s roadmap, partnerships, regulatory news in the UK, and major blockchain technology updates. |
Use risk management tools | Utilise stop-loss orders and portfolio diversification to protect your capital and minimise potential losses. |
Sell at the right time | Set realistic profit goals, regularly review your portfolio, and be disciplined in taking profits or cutting losses according to your investment plan. |
The latest news about TRON
TRON’s network throughput surged to record highs this week, reflecting rising transaction volume and ecosystem engagement. According to data from TRONSCAN and confirmed by multiple analytics platforms as of 5 June 2024, TRON surpassed 8 million daily transactions in recent days, up over 12% compared to the previous weekly average. This growth aligns with the broader momentum in DeFi activity globally, but notably TRON’s integration with leading stablecoins continues to drive usage, especially for users seeking fast, low-cost settlements—a value proposition also increasingly emphasised by UK-based digital asset firms utilising TRON for cross-border transactions.
London-based fintechs and digital payment platforms have expanded their support for TRON-based USDT, boosting its accessibility in the UK. Recent press releases indicate that two FCA-registered payment providers, Wirex and Revolut, now allow UK customers to top-up accounts and perform transfers using TRON-based USDT, streamlining GBP-onramp and offramp processes. This development significantly increases utility for British residents seeking stablecoin exposure, facilitates retail and business crypto adoption, and contributes to enhanced network liquidity for TRON in the UK market.
TRON Foundation unveiled a strategic partnership with a major regulated custodian, underpinning institutional access and regulatory compliance in Europe and the UK. On 3 June 2024, Fireblocks confirmed expanded custody support for TRON assets, including TRX and TRON-based tokens, aiming to provide secure, FCA-friendly solutions for asset managers and institutional investors. This is set to accelerate the integration of TRON-based instruments in portfolios and trading desks operating out of London, driven by growing client demand for alternative blockchain exposure with established liquidity and scalability.
TRON’s native token TRX outperformed the broader altcoin market, buoyed by strong GBP trading volumes on local exchanges. CoinGecko and CryptoCompare data show TRX gained over 8% against GBP over the past week, outpacing comparable layer-1 assets during a period of increased UK retail buying. Feedback from exchange operators such as Binance UK and Luno suggests this demand is partly attributable to positive sentiment after recent regulatory clarifications and the aforementioned ramp-up in fiat integration, which together reduce friction for UK participants.
UK regulatory discussions this week singled out TRON for its transparency and compliance advancements, reinforcing its appeal to institutional actors. A 5 June policy roundtable hosted by CryptoUK and attended by Treasury representatives commended TRON's approach to transaction monitoring, AML frameworks, and ongoing cooperation with UK compliance consultancies. This regulatory validation supports the network’s long-term adoption prospects and strengthens confidence among professional investors considering exposure to TRX and associated assets within regulated frameworks.
FAQ
What is the latest staking yield for TRON?
Currently, TRON (TRX) offers a staking mechanism known as “delegated proof-of-stake.” The average staking yield is around 4–5% per year, mainly accessible via the official TRON wallet and leading exchanges such as Binance. Staking rewards are distributed daily, with flexibility on unstaking—though some platforms may require a short lock-up period. Notably, recent network upgrades have made staking on TRON more accessible and efficient for everyday users.
What is the forecast for TRON in 2025, 2026, and 2027?
Based on the current price of TRON (approximately £0.10), the projected values could reach about £0.15 by the end of 2025, £0.20 in 2026, and £0.30 in 2027. These projections reflect the strong growth potential of TRON, which benefits from fast transactions, low fees, and a rapidly expanding DeFi and NFT ecosystem. Strategic partnerships and continuous technological innovation further reinforce its future market position.
Is now a good time to buy TRON?
TRON continues to establish itself as a major player in blockchain by focusing on scalable, low-cost transactions and supporting a large range of decentralised applications. The platform’s growing user base and active developer community drive innovation, while increasing institutional interest points to positive long-term trends. As the crypto market recovers and digital finance adoption accelerates, TRON stands out as a project with solid fundamentals.
What is the tax treatment of crypto gains in the UK, and does it apply to TRON?
In the UK, capital gains from crypto-assets like TRON are taxed similarly to other investments. You must declare and pay tax on profits above the annual tax-free allowance (£6,000 for 2023/24). All crypto transactions should be clearly documented for HMRC, regardless of the platform used. Keep in mind, there are no specific exemptions for TRON, and losses can be used to offset gains within the same fiscal year.
What is the latest staking yield for TRON?
Currently, TRON (TRX) offers a staking mechanism known as “delegated proof-of-stake.” The average staking yield is around 4–5% per year, mainly accessible via the official TRON wallet and leading exchanges such as Binance. Staking rewards are distributed daily, with flexibility on unstaking—though some platforms may require a short lock-up period. Notably, recent network upgrades have made staking on TRON more accessible and efficient for everyday users.
What is the forecast for TRON in 2025, 2026, and 2027?
Based on the current price of TRON (approximately £0.10), the projected values could reach about £0.15 by the end of 2025, £0.20 in 2026, and £0.30 in 2027. These projections reflect the strong growth potential of TRON, which benefits from fast transactions, low fees, and a rapidly expanding DeFi and NFT ecosystem. Strategic partnerships and continuous technological innovation further reinforce its future market position.
Is now a good time to buy TRON?
TRON continues to establish itself as a major player in blockchain by focusing on scalable, low-cost transactions and supporting a large range of decentralised applications. The platform’s growing user base and active developer community drive innovation, while increasing institutional interest points to positive long-term trends. As the crypto market recovers and digital finance adoption accelerates, TRON stands out as a project with solid fundamentals.
What is the tax treatment of crypto gains in the UK, and does it apply to TRON?
In the UK, capital gains from crypto-assets like TRON are taxed similarly to other investments. You must declare and pay tax on profits above the annual tax-free allowance (£6,000 for 2023/24). All crypto transactions should be clearly documented for HMRC, regardless of the platform used. Keep in mind, there are no specific exemptions for TRON, and losses can be used to offset gains within the same fiscal year.