2021 tron price prediction based on consensus used

Tron is a native coin of the tron network created by Justin Sun and whose transaction takes place from on tron smart contract address to another tron smart contract address thus is being considered to be a decentralized asset. In order for the transaction cost to reach the second smart contract address, the first smart contract address must pay a transaction cost . The validators running the tron network will validate transaction where they will share the transaction cost fee charged. The validators will also use the coin leased by stakers to secure the tron network. This makes tron to be considered to be using proof of stake consensus. In 2017, tron conducted an ICO where one tron was going for around $0.0019. Towards the beginning of 2018, one tron had managed to go as high as $0.23. The price then went down to around $0.015 in late 2018 but later rises to around $0.026 towards the beginning of 2020 . As of march 2020, there was a market crush where tron crashes downwards all the way to around $0.007. This market crash has been as a result of corona virus pandemic which causes many tron stakers to unlock their tron and dump them in several exchanges because of fear of further market crash which was going to cause their holding to decline further in value. Currently, tron market has started to recover and the market has managed to go all the way to around $0.0095. The increase in price has been due to an increase in the number of stakers thus increasing the tron demand while the decrease in price has been due to many stakers unlocking their tron coin and dumping them in several exchanges thus causing its demand to also decline. Therefore, the future price prediction for tron can further be explained based on consensus used as follows;

Consensus used
Tron uses a proof of stake consensus. In the proof of stake consensus, the tron stakers leases their tron coin to several staking pool who use those coins to secure the tron network and to validate any transaction taking place on the tron network. Therefore, we can say that in one year time, if the number of stakers will increase, then the demand of tron coin will also increase thus causing its price to also increase. On the other hand, if the number of stakers leasing their tron coin to several staking pool will decline , then the demand for tron coin will also decrease thus causing its price to also decline. The 2021 tron price analysis can be explained on the bullish and bearish market condition as follows;

   **1.Bullish tron price prediction based on consensus used**  

In a bullish market, the tron market will be moving in an upwards direction. When tron conducted its ICO in 2021, one tron was going for around $0.0019. As of 2018, the price had managed to go as high as 0.23 but later dropped to around $0.026 in early 2020. On March 2020, there was a market crash due to corona virus pandemic which causes the tron market to crash downwards to around $0.007. The market has started to recover and has managed to go upwards all the way to around $0.0095. The rise in tron market to around $0.026 in early 2020 was due to an increase in the number of stakers leasing their coin to validate transaction and secure the tron network which results to an increase in the demand of tron. On the other hand, the decrease again of tron coin to around $0.007 on March 2020 was due to the number of stakers unlocking their staked coin where they dumped them to several exchange by fearing to lose their holding valuation thus causing the demand to decline. Currently the price has started to recover and this might further continue. The price analysis of tron is therefore shown as from the candlesticks chart below;

The above is the tron market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the tron market can be seen to have been moving upwards all the way to around $0.012. This upwards movement has been due to an increase in the number of stakers leasing their tron coin to several staking pools thus causing the demand for tron to increase. Because of this, the price increases all the way to around $0.012 as earlier indicated. The number of stakers then start unlocking their tron coin together with their earned tron thus causing the surplus to increase which result to a decline in the tron price all the way to point A at around $0.008. Some more stakers again purchase the tron coin where they stake them in several staking pool thus creating an inefficiency of tron again. This results to an increase in the demand of tron thus causing its price to increase again to point B at above $0.01. If more stakers will continue buying the tron coin in several exchanges so that they can stake them in several staking pool, a further inefficiency of tron will continue to be there thus further increasing the demand of tron. This further increase of demand for tron will cause its price to further continue to increase. towards the end of 2020, there is possibility of the tron to go all the way to around $0.03. As a tron holder, this is the right time to purchase and hold it until the year ends so that you can profit.

2.Bearish tron price prediction based on consensus used

In a bearish market, the tron market will be moving in a downwards direction. When tron conducted its ICO in 2027, one tron was going for around $0.0019. As of 2018, the price had managed to go as high as 0.23 but later dropped to around $0.026 in early 2020. On March 2020, there was a market crash due to corona virus pandemic which causes the tron market to crash downwards to around $0.007. The market has started to recover and has managed to go upwards all the way to around $0.0096. The rise in tron market to around $0.026 in early 2020 was due to an increase in the number of stakers leasing their coin to validate transaction and secure the tron network which results to an increase in the demand of tron. On the other hand, the decrease again of tron coin to around $0.007 on March 2020 was due to the number of stakers unlocking their staked coin where they dumped them to several exchange by fearing to lose their holding valuation thus causing the demand to decline. The price analysis of tron is therefore shown as from the candlesticks chart below;

The above is the tron market in terms of USDT. Two points are being indicated. There is point A and point B. Before point A, the tron market can be seen to have moving downwards all the way to around $0.007. This downwards movement has been due to a decrease in the number of stakers leasing their tron coin to several staking pools thus causing the demand for tron to decrease due to an increase in surplus on the tron network. Because of this, the price decreases all the way to around $0.007 as earlier indicated. The staking reward then slightly increases thus causing more stakers to purchase the tron in several exchanges after which they lock them in several staking pool . Because of this, the tron becomes slightly inefficiency in its network thus causing its demand to increase. This in turn causes the price to slightly increase all the way to point A at around $0.01. The stakers then unlock their tron where they dump them to several exchanges thus causing the surplus of tron to increase again. This increase in surplus result to a decrease in price all the way to point B at around $0.008. If the staking reward will continue to decline, then more stakers will continue to unlock their tron from the staking pool in order to dump them in several exchanges thus causing the price to further decrease to below $0.008 . Although I am not bearish for tron coin , I think if you feel the price will be below $0.008 by end of the year, then you can sell your tron holding at current market price of above $0.0096

Summary
Tron is a native coin of the tron network created by Justin sun and whose transaction takes place from one smart contract address to another without involvement of a third party thus is being considered to be decentralized. Tron ICO took place on 2017 where one tron was going for around 0.0019. Within a year, the price managed to rise all the way to around $0.23. On March 2020, the price again dropped downwards all the way to around $0.007. This decrease in price is mostly due to the corona pandemic which caused many investors holding tron by that time to unlock their staked coin from several staking pool and sell them to several exchanges thus causing an increase in surplus on the tron network. This increase in surplus is what result to a decrease in price due to a decrease in demand. Therefore, we can say that when the staking reward for tron is more, more number of investors will buy the tron coin in several exchanges and send them to their staking wallet where they will lock them over there thus causing its demand to increase due to it becoming inefficiency in its network. This increase in its demand is what will result to an increase in its price. On the other hand, a decrease in the tron staking reward will result to more number of stakers to unlock their staked tron from several staking pools thus causing its surplus on the tron network to also increase. This will in turn result to a decrease in its demand thus causing the price to decline. We are bullish for tron . Therefore, you should buy and hold so that you can profit by the end of the year.

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