Cryptocurrency

Solana

TRON

Cosmos

<div class="finbold">
 <p class="paragraph">Tron (TRX) is among the cryptocurrencies making waves in the market in recent months, achieving key milestones for its on-chain metrics. After gaining almost 100% in the past year, the valuation of TRX remains a key area of focus for the crypto market, especially considering the network’s increased activity, which is likely to influence adoption.</p>
 <div></div>
 <p class="paragraph">With a spotlight on the value of TRX, Finbold consulted the generative artificial intelligence (AI) platform ChatGPT, designed by OpenAI, to offer insights into how the token might trade in the future. Indeed, the query focused on both speculative bullish and bearish scenarios for Tron on January 1, 2024.</p>
 <p class="paragraph">To begin with, ChatGPT cautioned about the challenges of predicting cryptocurrency <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s, noting that the sector is notoriously volatile. Prices are subject to various influences, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends.</p>
 <h2 class="wp-block-heading" id="h-speculative-bullish-scenario">Speculative bullish scenario</h2>
 <p class="paragraph">According to the AI tool, if TRX faces favorable conditions, the value could rise to a bullish high of up to $0.20 on January 1, 2024. The tool pointed out that positive developments, such as strategic partnerships, significant technological upgrades, or an increase in the adoption of TRON’s platform, could lead to a bullish sentiment sweeping the market.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" loading="lazy" width="749" height="211" src="https://cdn.thebittimes.com/images/2023/12/24/37299a6072b9e5acb708c0a927a90579.webp" alt class="wp-image-145006" srcset="https://cdn.thebittimes.com/images/2023/12/24/37299a6072b9e5acb708c0a927a90579.webp 749w, https://cdn.thebittimes.com/images/2023/12/24/37299a6072b9e5acb708c0a927a90579.webp 300w" sizes="(max-width: 749px) 100vw, 749px">
  <figcaption class="wp-element-caption"><em>TRX bullish scenario catalysts. Source: ChatGPT</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-speculative-bearish-scenario">Speculative bearish scenario</h2>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/24/b986f3178a1993e653e828d358254642.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="chatgpt-predicts-cosmos-atom-price-for-start-of-2024">ChatGPT predicts Cosmos (ATOM) price for start of 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/24/dffcd4626784d979c2fdde9e39ef6b5d.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="solana-dethrones-bnb-to-rank-as-the-top-4th-cryptocurrency-globally">Solana dethrones BNB to rank as the top 4th cryptocurrency globally</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/23/2ab68b76f44ffb30e797a376d60feb9e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-cryptocurrencies-under-10-to-buy-next-week">3 Cryptocurrencies under $10 to buy next week</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/23/28aa367b4f50db902d7c1eeda5095ccd.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="how-high-will-bitcoin-go-in-2024-experts-btc-price-predictions">How high will Bitcoin go in 2024: Experts BTC price predictions</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/12/24/12fa15aa14cc44e00985fae120398e0e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="whales-sell-over-2-billion-bitcoin-in-a-week-is-a-crash-incoming">Whales sell over $2 billion Bitcoin in a week; Is a crash incoming?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">On the other hand, if negative factors such as regulatory challenges, security issues, or a broader market downturn cast a shadow over TRON’s prospects, ChatGPT noted that under such conditions, TRX may witness a decline in value. This could be accompanied by reduced investor confidence, with the valuation potentially declining to $0.08 on January 1, 2024.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" loading="lazy" width="754" height="217" src="https://cdn.thebittimes.com/images/2023/12/24/ee0322e2476f5e49059d1d256bfbc654.webp" alt class="wp-image-145007" srcset="https://cdn.thebittimes.com/images/2023/12/24/ee0322e2476f5e49059d1d256bfbc654.webp 754w, https://cdn.thebittimes.com/images/2023/12/24/ee0322e2476f5e49059d1d256bfbc654.webp 300w" sizes="(max-width: 754px) 100vw, 754px">
  <figcaption class="wp-element-caption"><em>TRX bearish scenario catalysts. Source: ChatGPT</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-tron-on-chain-metrics-surge">Tron on-chain metrics surge&nbsp;</h2>
 <p class="paragraph">It is worth noting that TRON has predominantly traded in the green zone in recent weeks, aligning with broader crypto market sentiments. However, the token has garnered substantial support from on-chain metrics, potentially indicating a bullish outlook.</p>
 <p class="paragraph">For example, the upward <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> momentum propelled Tron to reach an impressive milestone of 200 million users in early December, a feat acknowledged by founder Justin Sun as a significant achievement and a testament to the expanding ecosystem. Before attaining the 200 million user mark, Finbold had reported that Tron had emerged as the go-to blockchain for stablecoin transfers.&nbsp;</p>
 <p class="paragraph">Moreover, showcasing an impressive trajectory since the outset of 2023, Tron’s Total Value Locked (TVL) has surged by over 100% in 2023. According to <em>DefiLlama</em> data, as of December 24, the TVL stood at $8.28 billion.</p>
 <figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/12/24/3e6332b9d582ba416b83d7a21be07bd2.webp" alt class="wp-image-145008" width="834" height="473" srcset="https://cdn.thebittimes.com/images/2023/12/24/3e6332b9d582ba416b83d7a21be07bd2.webp 842w, https://cdn.thebittimes.com/images/2023/12/24/3e6332b9d582ba416b83d7a21be07bd2.webp 300w, https://cdn.thebittimes.com/images/2023/12/24/3e6332b9d582ba416b83d7a21be07bd2.webp 768w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption"><em>Tron TVL chart. Source: DeFiLlama</em>
  </figcaption>
 </figure>
 <p class="paragraph">In addition to these achievements, the platform has been proactive on the partnership front, with the recent notable integration with Blockchain.com Pay. This strategic move aims to provide TRON’s extensive user community with an enhanced and streamlined experience.</p>
 <p class="paragraph">However, amidst these notable on-chain metrics, the valuation of TRX has encountered challenges, seemingly stalling at the $0.11 resistance mark. Conversely, the token continues to trade above the $0.10 support zone, with holders anticipating a significant upward movement.</p>
 <h2 class="wp-block-heading" id="h-tron-price-analysis">Tron price analysis</h2>
 <p class="paragraph">By press time, Tron was valued at $0.11, reflecting daily gains of approximately 1.6%. Looking at the weekly chart, TRX has experienced a notable surge, marking an increase of almost 3%.</p>
 <figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/12/24/4361d396bc78cf393a129e8a2986ef34.webp" alt class="wp-image-145009" width="834" height="556" srcset="https://cdn.thebittimes.com/images/2023/12/24/4361d396bc78cf393a129e8a2986ef34.webp 1024w, https://cdn.thebittimes.com/images/2023/12/24/4361d396bc78cf393a129e8a2986ef34.webp 300w, https://cdn.thebittimes.com/images/2023/12/24/4361d396bc78cf393a129e8a2986ef34.webp 768w, https://cdn.thebittimes.com/images/2023/12/24/4361d396bc78cf393a129e8a2986ef34.webp 1200w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption"><em>TRX seven-day price chart. Source: Finbold </em>
  </figcaption>
 </figure>
 <p class="paragraph">Elsewhere, a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of Tron, derived from <em>TradingView</em>, paints a bullish picture for the token. A summary of the one-day indicators suggests a ‘buy’ recommendation at 15 while moving averages signal a ‘strong buy’ at 13. Oscillators are currently ‘neutral’ at 7.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="195" src="https://cdn.thebittimes.com/images/2023/12/24/0e7bef2f89c8bb5fffe7fbf488e28012.webp" alt class="wp-image-145010" srcset="https://cdn.thebittimes.com/images/2023/12/24/0e7bef2f89c8bb5fffe7fbf488e28012.webp 1024w, https://cdn.thebittimes.com/images/2023/12/24/0e7bef2f89c8bb5fffe7fbf488e28012.webp 300w, https://cdn.thebittimes.com/images/2023/12/24/0e7bef2f89c8bb5fffe7fbf488e28012.webp 768w, https://cdn.thebittimes.com/images/2023/12/24/0e7bef2f89c8bb5fffe7fbf488e28012.webp 1536w, https://cdn.thebittimes.com/images/2023/12/24/0e7bef2f89c8bb5fffe7fbf488e28012.webp 1632w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>TRX technical analysis. Source: TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">It’s worth noting that although Tron has performed positively on key on-chain metrics, the token’s future trajectory will likely be closely tied to the overall market momentum.&nbsp;</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chatgpt-predicts-tron-trx-price-for-start-of-2024-tbt74647.html">https://thebittimes.com/chatgpt-predicts-tron-trx-price-for-start-of-2024-tbt74647.html</a></p>

ChatGPT predicts Tron (TRX) price for start of 2024

Table of Contents

TheBitTimes

Other articles published on Dec 24, 2023

EGLD Price Reaches $70; What’s Fueling the Rally in MultiversX?

The Man Who Cashed the FTT Downfall With $30 Million Profits Is Backing Solana (SOL) and Retik Fi...

Ethereum Price Correction: Can ETH Go Lower? New Altcoin is Set to Disrupt a Trillion-Dollar Indu...

Coinbase and Top Crypto Companies Increase US Political Donations

DeFi vs. CeFi: What Should One Choose for Their Enterprise?

Japanese cabinet approves crypto tax reform in 2024 fiscal plan

Join our free newsletter for daily crypto updates!