Tron’s TRX Could Reach $20, Founder Justin Sun Predicts

Justin Sun, the founder of the Tron blockchain, predicts an astonishing $20 price target for TRX. Sun shared this bold outlook on X, reacting to an analyst’s prediction for TRX’s potential in the current bull market. TRX is trading at $0.2048, up 25% over the past week.

It’s 20 $, not 20 cents https://t.co/0JxtKiAxzE

— H.E. Justin Sun🌞(hiring) (@justinsuntron) November 17, 2024

TRX Set to Explode After Seven Years of Compression

On X, analyst Intuit Trading warned crypto market participants not to be surprised if seven years of price compression during the bear supercycle on TRON ends with explosive upside momentum—possibly driving TRX to over $20 as early as this year.

Notably, TRX has been trading below its all-time high of $0.30004 for seven years. The asset failed to reach a new peak in 2021 despite the bull momentum sparked by Bitcoin’s $69K peak. However, the analyst believes TRX could set a new all-time high in this cycle. Currently, TRX is trading just 31% below its seven-year-old all-time high.

Remarkably, Tron founder Justin Sun shares the sentiment that TRX could reach $20 once the projected breakout occurs.

At its current price of $0.2048, reaching $20 would require a 97-fold increase or a 9,665% gain. With a circulating supply of 86.38 billion TRX, a $20 price tag would elevate the asset’s market capitalization to over $1.7 trillion—turning it into a trillion-dollar asset.

$20 Just the Beginning

In a follow-up comment, Intuit Trading suggested that $20 may only be the beginning for TRX. The analyst believes that with the dollar’s ongoing collapse and rising inflation over the next few decades, TRON’s value could continue to rise much higher.

According to the analyst, the real question is not whether TRX will reach $200 or $2,000 but when—and that moment may arrive sooner than most expect.

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