Tron Price Analysis: Bulls Eyeing For Tron To Touch $0.050 Soon

Tron (TRX) is riding the bulls in the market. The last two days were not as flourishing as they usually are lately. The reason behind the same was the selling pressure which is assumed to be over by now. Tron is also reflecting positive signs though its price movements.

Bitcoin is currently moving up towards $12,000. The coin anchors the entire market. Tron is also being pulled by Bitcoin. However, we believe that stretch in price is not only because of Bitcoin, but the currency is also making its way up in the market.

TRX Current Statistics:

The price of Tron chart is taken from Trading View on 25th June 2019, at 06:47:40 UTC for price analysis.

Tron price chart - june 25

Tron Coin Summary:

  • The current trading price of Tron is $0.038846.
  • It is at the 10th position in the crypto market.
  • The 24hr volume of Tron is $992,423,501.
  • The circulating supply of Tron is marked around 66,682,072,191 TRX.
  • The return on investment is noted as 1,793.78%.
  • The market capitalization of TRX is at $2,590,323,504.

Yesterday, the altcoin started with a bearish trend. The coin fell from $0.0375 to $0.036 and booked a regression of 3.87%. Tron immediately picked up from $0.036 to $0.039. The progression marked was around 8.55%. The coin tried to keep it intact around $0.039 for the rest of the day.

Today, the market opened with a bullish trend. The coin jumped from $0.038 to $0.040 and marked a progression of 4.54%.

Tron Price Prediction and Conclusion:

Tron is showing a great potential lately. In the intraday trading, TRX might cross $0.042. By the end of 2019, Tron might touch $0.05. As per TRON Forecast for Next 5 years, it quite looks promising for Tron. The short-term and long-term investment both will lay good results.

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.

Related Articles

Back to top button