TRON (TRX) Historical Price and Return Analysis: Should I Buy TRX Now?

Abstract

This article comprehensively reviews the historical prices and market fluctuations of TRON (TRX) since its inception, combining data from bull and bear market phases to assess potential returns for investors purchasing 10 TRX coins. It aims to answer the crucial question, “Should I buy TRX now?” to help both novice and long-term investors understand market timing and growth potential.

Bull Market Inception and Early Market Cycles: Historical Price Review (2017 to 2019)

TRON (TRX) was created around 2017. According to CoinMarketCap records, its early trading price was approximately $0.0021.

Here’s the price movement of TRX during the initial bull market phase:

2017

• Opening price: $0.0021
• Closing price: $0.042
• Highest price: $0.042
• Lowest price: $0.0021
• Annual return: 1900.0%

2018

• Opening price: $0.19486
• Closing price: $0.02253
• Highest price: $0.19486
• Lowest price: $0.0126
• Annual return: -88.44%

An investor who purchased 10 TRX during the early bull market phase in 2017 would have a potential return of $2.85 if sold today.

Bear Market Adjustment and Mid-Term Market Cycle: Return and Risk Analysis (2019 to 2021)

During this period, TRX’s price experienced significant fluctuations, influenced by various market factors.

Here are the potential returns for investors who purchased 10 TRX during the bear market or consolidation phase:

• 2019: $2.66
• 2020: $2.72
• 2021: $2.54

Recent Market Cycle: Should I Buy TRX Now? (2022 to present)

In recent years, TRX has shown an upward trend, sparking discussions about whether we’ve entered a new bull market or are still in a bear phase.

2022

• Opening price: $0.06612
• Closing price: $0.05479
• Highest price: $0.08795
• Lowest price: $0.05006
• Annual return: -17.14%

2023

• Opening price: $0.05441
• Closing price: $0.10763
• Highest price: $0.10845
• Lowest price: $0.05441
• Annual return: 97.81%

Potential returns for investors who purchased 10 TRX during this period are as follows:

• 2022: $2.2
• 2023: $2.32
• 2024-present: $1.84

Conclusion: Bull Market, Bear Market, and Investment Timing Analysis

Through analyzing TRX’s historical prices and potential returns, we can observe a long-term growth trend, helping investors assess whether the current phase is still suitable for positioning and answering the key question, “Should I buy TRX now?”