Price Analysis

Tron (TRX) Price Analysis: Tron Has Given The Best Avenue For Making New Investment; Target At $0.1

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  • Tron (TRX) to have a bullish medium-term outlook.
  • The 2019 Prediction Target lies at 0.1 USD.

Tron (TRX) has recently shown a massive number of users on its dApp. It has recently recorded 102,497 daily active users on its Tron dApp and the DApps live in the DApp ecosystem were 434. The total volume was recorded at $18.3 million, and 24-hour transactions were recorded on 1.4 million transactions. Misha Lederman, a prominent Tron proponent, said, “100k users is a major achievement for TRON since TVM launch Oct 2018, but will be a blip on the chart in the coming months as more sophisticated DApps attract #TRX users in the millions.” The 2019 prediction goes with 0.1 USD mark. We should now analyze the current facts about the coin to understand the picture clearly.

Current Tron Price Statistics-

tron price chart

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  • Tron coin is the 11th largest coin in the global market.
  • The ROI (Return on Investment) stands at 1279.68%.
  • A total of 66,682,072,191 TRX coins are in current circulation.
  • The market cap as on 20th May at 05:44 UTC stands at 1,888,886,959 USD.
  • The value of each TRX coin stands at 0.028327 USD and 0.00000355 BTC.
  • The current 24h volume at the same UTC stands at 709,806,956 USD.

Price Comparison of TRX Coin –

Tron price has started the year with a very low price, but it soon gained momentum. But the momentum was lost, and it has shown huge price variation throughout the year until now. The lowest point of the coin was the starting point at 0.01 USD, and the highest point was on 10th January at 0.032377 USD. The market cap on 20th April was 1,768,246,035 USD, and the value of each TRX coin was 0.026518 USD. The current market cap and the value of each TRX coin in terms of USD are 6.82% more than the figures for last month.

TRX Price Prediction-

As mentioned earlier, the current price of TRX price is roaming around 0.02 USD. The value will rise further to 0.5 USD, and it will find resistance there. Another resistance will be there at 0.07 USD. By the end of 2019, the value will go past the 0.1 USD price level. The journey of Tron till 0.1 USD will not be free from price variations. Tron users will experience huge price ups and downs.

Conclusion-

New investments are welcome at this price level. This low price will give a huge profit over the current investment in the long term.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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