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Price Analysis

Tron (TRX) Price Analysis: Tron Stands Tall With New Partnerships, Announcements, And Listings

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  • Justin Sun delivers on the promise, announces the launch of BitTorrent on Tron platform
  • Tron vouches for the stable cryptocurrency market, partners with Tether to launch USDT on its platform

Tron has successfully decoded the formula of engaging users on the platform and generating adoption and demand through a strategic model. Tron, a blockchain based system, enables users to create content, share files and perform important tasks in an operating system like environment. The CEO & founder of the cryptocurrency, Justin Sun strongly believes in the model and has gone public in promoting it across the world. The currency has been inking key partnerships to increase TRX’s demand manifolds. The recent alliance with Tether has become the talk of the town and getting traction as USDT is the only stable & trustworthy cryptocurrency currently. Launching BitTorrent based BTT tokens on the Tron blockchain is yet another stepping stone. The market holds firm now.

Current Statistics:

Tron Price Chart

  • Tron is ranked at the 11th position in the CoinMarketCap’s top 100 cryptocurrencies list
  • The market cap of the coin is USD 1,685,033,254 as on May 14, 2019, at 07:44:02 UTC
  • The price is trading at 0.025 USD & 0.00000318 BTC
  • The 24 h volume has been 862,331,829 USD
  • The ROI of the coin stands at 1,178.01%
  • The circulating supply is now 66,682,072,191 TRX, and the total supply is 99,281,283,754 TRX

Comparison:

TRX moved between the price range of 0.027 USD and 0.022 USD in the past one month. It showed a similar pattern in the last week as well. As on April 15, 2019 at 13:34:01 UTC, the market cap of the coin had reached 1,806,570,165 USD, the price was recorded at 0.027 USD & 0.00000525 BTC and 24 h volume was 326,713,963 USD. There has been a downward trend of over -7% in the last one month.

Tron Price Prediction until 2020:

Tron started 2019 on a high note with price peaking to over 0.032 USD in January 2019. Since then it has maintained a consistent pattern throughout. The coin value is again going up with Bitcoin raging higher. The price of Tron (TRX) is expected to rise to 0.05 USD by the end of the next quarter and can reach as high as %0.07 USD by the end of 2019. In the next 2 years, TRX will be valued between the range of 1 USD and 5 USD.

Conclusion:

Buy Tron (TRX) now as the price will suddenly shoot up in the next week. Invest in smaller chunks in the beginning and increase the investment after observing the coin pattern for the next 2 months.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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