Tron (TRX) Price Analysis: With So Many Great Projects TRX Seems To Impact Its Value Positively
Tron is definitely one of the most renowned cryptocurrencies in the crypto market as of now. TRX was previously hosted on ETH blockchain, but it has now challenged ETH network with its new launch of Tron Virtual Machine. Alongside, it is also promoting Dapp development on its platform. Moreover, it is also working on Project Atlas that is to utilize the power of BitTorrent. With these TRX has been seeing a good momentum on its price hike. Majority crypto analysts are of the opinion, that as Tron supporters and users will grow, its future value will be praised more.
Current status of Tron:
- Current market cap: 1,716,354,493 USD
- Market price: 0.025739 USD
- Market rank: 11
- Circulating supply: 66,682,072,191 TRX
TRX price analysis and future price predictions:
Tron Price Chart
The above chart shows that at present, TRX is getting traded at 0.026039 USD or 0.00000357 BTC (UTC time 06:02). Its 24h volume is set at 1,007,236,993 USD. The same chart shows that approx. 1 month earlier, TRX had a trading value of 0.025953 USD with a market cap of 1,730,604,804 USD. So, within this approx. 1 month, the value of TRX has been increased by 0.33% with 0.026289 USD as a very good support resistance.
On the basis of its current performance, price analysis, and we assume that Tron can trade around 0.112 USD by the end of 2019. Click here to know more about Tron prediction, check out this article for further price prediction and price analysis.
Tron is a very promising crypto which has a great probability of rising in the future. It can be a good option for long term investment.