Following recent price action and market updates, experts’ Tron price prediction shows it could halve again. The price has been one of the slowest moving in the last few years, trading in the $0.1 to $0.3 zone for the past six years.
Many analysts have tried looking deeply into why the price has remained low even with the coin's popularity and top position in the crypto market. However, its recent decline has been an effect of the general crypto bear, with the Tron market cap falling to $19B in the last few days showing a new low on the coin.
However, the recent pullback has raised analysts' interest in the coin. Top Tron price predictions put it in a bearish pit as experts believe it could halve again. The price recently rose to a new ATH in December, reaching $0.4406, but the pullback in the last two months has seen it at about half the ATH. However, while uncertainty continues to rise about the coin's future, analysts' trending prediction suggests it could still be in for further loss.
In a turn of events, the Panshibi meme coin is getting all the hype right now. This is as it continues to see a surge in investment, putting the meme coin presale at over $1.16M raised in just four rounds.
As a Tron coin investor in the last few months, say a year ago, the highest growth you have seen will be about 300% in the last 12 months. However, in this same period, other assets like XRP have seen a surge of up to 700%, reflecting the slow movement of the Tron coin. This slow growth is already reflecting burnout as investors are now moving outward, showing a drop that has continued to linger for the second straight month.
However, while Tron price predictions are pointing at a bearish future, recent news shows it has made some progress with its blockchain security. Unfortunately, this progress has not been reflected on the price chart, as the price records a 22% drop in the last 30 days.
Hence, with the price unresponsive to the recent news, analysts believe the great sell-off might have already been triggered. This could see the Tron price prediction of the price halving happening faster than expected.
The Panshibi meme is a new coin that draws inspiration from Asian culture, building its identity around the Panda. Furthermore, the meme coin has a strong team, setting everything to reduce excessive volatility. The highly unchecked volatility is often associated with the pump-and-dump of the other meme coins. However, the Panshibi meme coin team has put the Panshibi coin in a presale to widen the investment pool, creating a complete community backing for the meme coin.
However, with the poor performance of other meme coins this year, following their short-term pump and dump, analysts believe Panshibi could head on to become the top meme coin this year. The prediction considers factors such as the potential of Panshibi to become a top Asian meme coin and the strong community already building around the coin. Panshibi's presale is set to give investors an ROI of up to 8x, with early investors seeing around 3x already.
The presale is capped at 15 rounds, with the fourth round ongoing. This means new investors are still on for about 5x on their investment before the end of the Panshibi presale. This is an opportunity for Tron investors to protect their portfolio against the bearish Tron price prediction and for others to raise their profit in crypto this year.
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