Will The Month Of May Power Tron’s (TRX) Force Resulting In An Exponential Upward Curve?

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Tron was founded by Justin Sun on the Ethereum platform, but later it became an independent system in 2018. The idea behind the software is to empower the users by providing them a blockchain based operating system to build applications, perform transactions and publish content freely, securely and conveniently. The team of professionals has huge faith in this platform and its potential to increase scalability and adoption exponentially in the days to come. In fact, Tron platform achieved a higher throughput than Bitcoin or Ethereum by making significant amends in the protocol. Currently, it claims to handle over 2000 transactions per second in a 24*&7 set up and has over 100,000 active users.

Current Statistics:

Tron Price Chart (10.04.2019 - 06.05.2019)

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As on May 06, 2019 at 07:04:05 UTC, the market cap of the coin is 1,527,142,548 USD, the price is trading at 0.022 USD & 0.00000406 BTC and 24 h volume has been 650,370,343 USD. The ROI of Tron is currently 1,023.40%. The circulating supply of the coin is over 66,682,072,191 TRX and the total supply is over 99,281,283,754 TRX. According to the CoinMarketCap, TRX is ranked at the 11th position tailing Cardano with a marginal difference.

Comparison:

The price of the TRX coin reached an all-time high of over 0.30 USD on January 5, 2018. As on April 10, 2019, at 06:04:02 UTC, the price of the coin was trading at 0.030 USD & 0.00000578 BTC, the 24 h volume was 608,144,646 USD, and the market cap was recorded at 2,005,257,919 USD. The downward trend of over -26% has been noted in the past one month with the highest price being 0.031 USD & the lowest being 0.022 USD. In the last 7 days, the lowest remained the same, but the highest price dipped to 0.024 USD.

Prediction:

Tron team has made it a point to celebrate every single milestone with its community by utilizing the power of social media. Recently, the company tweeted about the team strength growing to over 355 plus people in just 500 days and invited many comments & wishes from its supporters. Moreover, the much-awaited project of Tron, DAppChain is due to be launched by May 30, and the price of the coin can soar post this. The project promises an increase in transaction speed & capacity, full proof security & flexibility and lesser consumption of energy. Hence, the investors are betting high on TRX now. This is the best time to invest in TRX in bulk and secure a long term investment as the currency grows further. With its addition on Coingate in early 2019, the currency is now accessible than never before. Moreover, with partners like Oracle, Aurora, Steemit, TRX can yield spell bounding results in the imminent future. By the end of 2019, the price of the coin can reach as high as 1 USD, and it can go up to over 10 USD in the next 2 years.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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