Tron Price Analysis: Price Rally Commences in TRX; Price is Back to $0.029

Tron is back with the price rally in the crypto market. The coin is slowly climbing up on the intraday chart. The same is attracting many traders to the market. The crypto market has also recovered since the morning.

The Market Cap of the crypto market is $31 billion. Yesterday, Tron price touched a high of 0.032097 USD and a low of 0.027225 USD. The volume marked on 11th July was 688,476,105 USD.

TRX to USD Price Comparison:

The price analysis of Tron chart is taken from TradingView on 12th July 2019

Tron price chart - july 12

Looking at yesterday’s chart, the coin is dealing at $0.03190. The currency dropped to $0.02722. The regression marked was of 14.68%. Then kept the price tight in the same range of $0.029 mark. Then it marked an intraday loss of 11.55% as the price closed at $0.02820. Today, the coin opened at $0.02820. The current price of Tron is $0.02930. The intraday profit marked is around 3.90%.

Current Statistics of Tron:

  • The price of the coin is 0.02930 USD.
  • 24-hour Volume of Tron is at 610,990,392 USD.
  • Circulating supply has 66,682,072,191 TRX.
  • Market Cap stands at 1,944,085,261 USD.
  • The ROI is noted as 1321.31%.

Tron Price Prediction and Conclusion:

The CEO of Tron Ecosystem, Justin Sun, announced that Tron would complete the buyback procedure by the end of 2019. Usually, when the company is quite sure about the future upsurge, then it opts for the buyback. It seems like the brains behind Tron is pretty confident for the upsurge. We are also positive about the price rally starting after December 2019.

Additionally, with the help of TRON Price Prediction, we can assume that by the end of 2019, the coin can cross $0.070; therefore, the long-term investment will give a heavy return on investment.

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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