Price Analysis

Tron (TRX) Price Analysis: Tron’s Sun Network Launch will Bring the Bullish Run on a Long-term

  • Tron (TRX) is likely to launch Sun Network.
  • The 2019 target range should be 0.9 USD to 1 USD.

Recently, Tron (TRX) has lost the spot to Bitcoin SV on the CoinMarketCap. But the coin has not set its mind to lose the game. It has been trying to add many new and attractive features to its network. As of now, Tron community is anticipating the launch of the Sun Network. Sun Network is also known as DappChain. A crypto influencer, Misha Lederman has tweeted about this launch, which has got a good response. It is expected that the new addition will improve the Tron Ledger drastically. It will increase the scalability of Tron, allow creating sidechains and enable cross-chain infrastructure. Tron is expected to reach near 1 USD mark by the end of this year. Let us now look at the current figures of Tron (TRX) to understand the growth pattern.

Current Tron Price Statistics-

Tron chart

  • Tron (TRX) is the 11th largest coin in the market.
  • The ROI (Return on Investment) stands at 1242.94%.
  • A total of 66,682,072,191 TRX coins are in current circulation.
  • The market cap on 23rd May at 02:23 UTC stands at 1,828,122,957 USD.
  • The value of each coin stands at 0.02687000 USD and 0.00000359 BTC.
  • The 24h volume at the same UTC stands at 718,779,868 USD.

Tron Price Comparison-

Tron (TRX) has started the year with a very low value. It was the lowest point of the coin at 0.018 USD. But it has shown many ups and downs since that time. The highest growth can be noticed before the onset of April. In about 15 days, the coin gained 42%. But soon it lost the momentum. The market cap on 23rd April was 1,687,436,272 USD, and the value of each coin was 0.02498471 USD. The current market cap and the value of each coin in USD are respectively 8.33% and 7.54% more than the figures for last month.

Tron Price Prediction-

As mentioned earlier, the coin is being traded around 0.02 USD now. We predict the coin to rise up to 0.035 USD in a very short span of time. The resistance point should be around 0.06 USD and 0.07 USD. By the end of 2019, the coin should be around 0.9 USD or 1 USD level.

Conclusion-

It is the best time for new participants to dive in. The long-term outlook is bullish; it will give huge profit over current investment.

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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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