Tron (TRX) Price Analysis: Tron’s Plans to End Scaling Projects by the end of May; Good Days are Ahead

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  • Tron’s Scaling projects will give positive vibes in the market with increased users’ base.
  • The long term bullish outlook places it at $0.2.

Tron (TRX) was set up as a decentralized and privacy centered digital currency with an aim to make the internet free of censorships. Tron works as one of the most efficient payments and settlement system, and it deals with dApps and smart contracts.

Current Statistics-

Tron

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  • Tron (TRX) is ranked at 11th position in the global crypto market with respect to its market cap.
  • The ROI (Return on Investment) stands at 1089.22%.
  • A total of 66,682,072,191 TRX coins are in current circulation.
  • The current market cap as on 9th May at 01:54 UTC stands at 1,626,384,959 USD.
  • And the value of each coin stands at 0.024390 USD and 0.00000401 BTC.
  • The 24h volume of Tron at the current UTC stands at 773,007,347 USD.

Comparison-

Tron has performed throughout the year with very minor instances of price variations. There was just one abrupt growth before the global crypto boom. The boom happened with Tron as well in April when it gained value by 33% in a weeks’ time. However, currently, the coin is under price correction phase. The market cap on 09th April was 2,062,116,795 USD, and the Tron was being traded around 0.030925 USD. The current market cap and the trading value of Tron are approximately 21.13% less than the figures for last month.

Prediction-

Tron (TRX) is eyeing for the completion of much anticipated scaling projects by the end of this month. After the scaling projects, Tron (TRX) will witness an increased usage of dApps. This will lead to less energy consumption and improved security and efficiency. These projects will have a positive impact on the trading pattern of Tron (TRX). As per our prediction, the coin will make a rise now. The resistance will be there at 0.030 USD. By the end of 2019, the value of each Tron (TRX) coin will be 0.080 USD. And the 2020 prediction will go with a bullish run. Our prediction places the coin at 0.2 USD mark by the end of 2020.

Conclusion-

Looking at the anticipated growth pattern, we advise buying Tron (TRX) coins now. No time will be better than this. We advise the long term investors to realize a profit of over 100% by holding the coin at least until the 1st quarter of 2020. This coin will see many new places in the next few years.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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