Price Analysis

Tron 7 Hours Price Analysis: Tron Exhibits 5 Major Price Variations in the range of 1.1% to 2.3%

eToro
  • Tron (TRX) has shown 5 major ups and downs in the last 7 hours.
  • By the end of the day, the value is likely to be around 0.0341 USD.

There is no doubt in the statement that the whole crypto industry is progressing at such a pace that no one ever predicted. The growth is not just limited to the king coin, Bitcoin (BTC), rather all other altcoins are also performing good. One of those good performer coins is Tron (TRX). This coin has not only been able to attract a good number of long-term investors, but it also caters to the needs of many intraday traders. So, here is an analysis of the last 7 hours.

Tron Price Statistics-

Tron Price Chart - 18 June

eToro Crypto
  • Tron (TRX) is ranked at 12th position in the crypto market.
  • The ROI (Return on Investment) stands at 1,515.63%.
  • A total of 66,682,072,191 TRX coins are in current circulation.
  • The market cap as on 18th June at 08:57 UTC stands at 2,202,586,518 USD.
  • The value of each coin stands at 0.03318312 USD and 0.00000361 BTC.
  • The 24h volume stands at 656,787,924 USD.

TRX to USD Price Comparison-

Right after the starting of the day, Tron (TRX) started gaining and reached 0.0341 USD by 01:47 UTC. But from there the coin started losing value for straight 2 hours and 14 minutes. The total loss was of 1.92% where the price went as low as $0.033. After that, for the next 36 minutes, growth can be noticed where the coin managed to get 1.10%.

But this substantial growth did not sustain for a long time. A fall of 2.23% was recorded in the next 1 hour and 16 minutes. However, for the next one and a half hour, the coin got stabilized and this time must have benefitted the intraday traders to reorganize their standings. But suddenly around 7 UTC, the coin started falling, and over 51 minutes it lost 2.36% of its value and was traded at 0.032. But the loss was a short-term one. It finally could stand on its feet, which added 2.36% value on the coin in 1 hour and 6 minutes to trade at $0.033.

Tron Price Prediction-

Though the variations are many in numbers, the degree of price change has not been huge. As per our prediction, the coin is likely to reach 0.0341 USD by today’s ending.

Conclusion-

New traders can start investing as short-term players. But the short-term traders need to trade with caution as the resting duration gap between any two extreme points is generally small in Tron’s case.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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