Cardano vs. Tron: Cardano (ADA) And Tron (TRX) Move Hand-in-hand Towards An Upward Direction

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The cryptos placed one after other in the coin ladder have better chances of overlapping when the difference between market caps is negligible, and that is exactly the case with ADA and TRX now. The coins were moving at the same pace and headed towards their respective high positions as also indicated in the current market performance.

Cardano vs. Tron Price Comparison:

In the last one month, both ADA and TRX have shown almost the same trends with rising and fall at the same times. ADA started on a higher note trading at $0.096 and then fell as low as $0.085 only to rise back again and reach $0.105. It took a steep fall from thereon, hit $0.083, and still reviving back from it trading at $0.081 as on July 8, 2019, at 10:27:01 UTC. Overall, the coin has shown a downtrend of 15% in the last 30 days. TRX has also moved in a similar pattern but less rigorously. The coin was trading at $0.034 before it started falling and reached $0.030. The coin then surged to $0.038 but quickly crumbled down to trade at $0.030 again. Currently, it is valued at $0.034 and has come a full circle in the last 30 days.

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Cardano vs. Tron price chart - july 8

Statistics Cardano (ADA) Tron (TRX)
Price  (USD) 0.081 0.034
Price (BTC) 0.00000694 0.00000305
Market Capitalization 2,125,854,766 2,331,579,483
24h volume 114,706,659 814,902,460
Circulating Supply 25,927,070,538 ADA 66,682,072,191 TRX
Return on Investment 275.54% 1,610.29%

Cardano is tailing Tron in the global crypto ranking placed at 11th position. There’s only a marginal difference in the market cap of both currencies, but the ROI of TRX token is far ahead to that of ADA.

Cardano vs. Tron Price Prediction:

Both ADA and TRX have shown over 2X growth from their initial values at the onset of 2019. While ADA has grown from $0.040 to trade above $0.080, Tron has grown from $0.019 to its current value of $0.034, which is less than 2X but close. The respective firms have also been putting their best foot forward to move the currencies upward, and this may lead to ADA around $0.3 by the end of the year and TRX crossing value of $0.05 by the end of the year.

Conclusion:

There’s an equal amount of gains by investing in both ADA and TRX.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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