Price Analysis

Tron (TRX) Price Analysis: Listen Closely To The Roaring Tron As TRX Market Grows Stronger

eToro
  • Tron’s Justin Sun has a lot to say about the shining future of TRX token
  • Investors are happy with Tron’s performance and increase its valuation

Tron is scalable, faster and reliable blockchain based decentralized cryptocurrency. The idea behind the Tron platform is simple and interesting. Tron is like an operating system giving authority to the users to store, own, and publish data through smart contracts platform. The higher rate of transactions is noteworthy and has added significant followers on the network. The firm has recently partnered with the global exchange Okex to make TRX trade accessible to all. The future looks bright as per the present market numbers.

Current Statistics:

Tron Price Chart

eToro Crypto
  • Tron is ranked at the 12th position in the global cryptocurrencies list
  • The ROI of the Tron coin is now 1,316.71%
  • The circulating supply of the coin is noted at 66,682,072,191 TRX, and the total supply has reached 99,281,283,754 TRX
  • The market cap of TRX is noted at 1,925,077,652 USD as on May 22, 2019, at 07:44:01 UTC
  • The price at the same UTC is trading at 0.028 USD & 0.00000364 BTC
  • The 24 h volume is now observed at 715,282,062 USD

Comparison:

In the last 30 days, the price of TRX coin moved between 0.033 USD & 0.022 USD. It followed a similar pattern in the last 7 days as well when the lowest came to 0.025 USD. As on April 26, 2019, at 07:34:02 UTC, the market cap of the coin was 1,534,049,276 USD. The 24 h volume was 670,654,705 USD, and the price was trading at 0.023 USD & 0.00000440 BTC. This reflects an increase of over 21% in the value of the coin since the past one month.

Tron Price Prediction until 2022:

Tron has been on a topsy turvy ride since the beginning of 2019. The price of the coin was noted at 0.019 USD in January before it shot up to 0.030 USD and then again fell back to 0.025 USD in March. The consistent upward trend has been maintained since the past few weeks; however, the path towards reaching its all-time high value of 0.30 USD is still far.  If Tron’s founder Justin Sun has to be believed, the day is not far when Tron will exceed expectations and cross the benchmark. The price of the TRX coin can rise up to 0.9 USD by the end of 2019 and will cross 50 USD by 2022.

Conclusion:

Tron is taking its sweet time to show the bullish upward run, but investment in the coin is highly fruitful than ever before.

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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