Price Analysis

Tron Price Analysis: A $4.57M Lunch with Buffett has Hiked Tron’s Reputation

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  • Tron CEO’s Lunch date worth of $4.57 million may have worked well for the coin.
  • By the end of 2019 coin may reach as high as $0.06.

The internet was taken to shock when Tron’s CEO declared that he was the one going to a lunch date with Warren Buffett. He is the world-famous investor who called Bitcoin “probably rat poison squared.”  As per preliminary sources, the lunch date was worth of 4.57 million USD. This has worked pretty well for the coin. Tron now features in one of the Top slots in Google search in the crypto sector. Warren Buffett recently said that he was very happy to meet the Chinese crypto-celebrity and his entourage. Justin Sun said,

“It is very common in investment circles that people will change their minds, Investment opportunities are best when lots of people are underestimating technology.”

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The whole crypto sector will see how this meeting goes. As of now, the coin seems to have a bullish future at least until the end of this year. By the end of 2019, the coin may get as high as 0.06 USD. Let us now look at the current status of the coin.

TRX Price Current Statistics-

trx price chart - 6 June

Tron (TRX) 06th June 04:59 UTC
Rank 11th
ROI (Return On Investment) 1,564.69%
Coin Circulation 66,682,072,191 TRX
Market Cap 2,279,945,583 USD
Tron Coin Value in USD 0.03393854 USD
TRX Value in BTC 0.00000435 BTC
24h Volume 919,083,215 USD

Tron Coin Comparison-

At the very start of this year, Tron (TRX) encountered two major price variations. The 1st one was a drop of 26.77% over 4 days, and another one was a hike of 37.87% in 14 days period. After this movement, the TRX coin managed to sustain good growth. But a steep fall can be noticed on 8th April. This fall made the coin to lose almost one-fourth of its value. The market cap on 06th May was 1,596,642,713 USD, and the value of each Tron coin was 0.02492692 USD. The current market cap and the value of each coin are respectively 42.79% and 36.15% more than the figures for last month.

TRX Price Prediction-

As mentioned earlier, the coin will register a bullish rise in the near future. By the end of 2019, the Tron coin is likely to roam around 0.06 USD. But the investors need to be cautious of the steep rise and fall in the TRON price.

Conclusion-

Buying fresh coins at this price is encouraged only if the target is at least until 2020. Speculators need to stay away from this coin.

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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