Price Analysis

Ethereum vs Tron Price Analysis: Ethereum Gets Outnumbered By Tron’s Transaction Numbers

  • Ethereum records 25% surge in last month with highest recorded value as $361
  • TRX records 8% downtrend in last month with the lowest value as $0.029

Ethereum and Tron promise a good future to the currency holders. But, the coins have always been in the cutthroat competition to attract users to their respective platforms. Ethereum has in the past lost many users to Tron platform for it can perform similar functionalities like the former and sometimes at a lesser transaction speed. This increased the popularity of TRX token as an effective alternate to ETH poses a serious threat to the future of ETH currency. The current market trends, however, are still inclined towards ETH.

ETH and TRX Price Statistics:

In the last one month, both ETH and TRX have shown growth. While ETH has shown an uptrend of over 25% rising from its initial value of $234.48 to its current value of $293.76 as recorded on July 1, 2019 at 11:34:07 UTC, TRX has shown a downtrend of over 8% dipping from $0.035 to its current value of $0.032. The coins may start growing higher as the month unfolds.

Ethereum vs Tron price chart - july 1

Statistics Ethereum (ETH)Tron (TRX)
Price  (USD)293.760.032
Price (BTC)0.026880190.00000296
Market Capitalization31,358,674,195 USD2,156,116,254 USD
24h volume10,076,352,478 USD919,325,839 USD
Circulating Supply106,716,831 ETH66,682,072,191 TRX
Return on Investment>9000%1,483.37%

TRX is placed at the 11th position in the coin ladder, and ETH is at the 2nd place, and the difference between the market caps and 24 h volume of the coin is quite high with ETH leading the way.

Ethereum and Tron Price Prediction:

ETH has surged from its initial value of $134 to trade at $361 within six months since the onset of 2019, showing almost 3X surge. On the other hand, Tron has grown from $0.019 to its current value noted at $0.032, showing over 2x surge. While ETH has grown faster in the last six months, TRX may also catch up in the remaining ones to trade above its 90-day high of $0.04. ETH may rise as high as $500 in the next few months.

Conclusion:

While TRX prices are low, but the crypto promises the same solutions as that of ETH and may be more fruitful for the long-term investments.

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Ruti Vora

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

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