Tron Price Analysis: Trends in the Crypto are Bullish, a New Protocol Document has been Released for TRX Deposit

SUN Network recently released a Dapp chain developer documents which introduced a detailed method of asset deposit including deposit of TRX, TRC10, TRC20, and deposit TRC721.

Current Statistics of Tron:

  • On August 25, at UTC 09:04, Tron (TRX) vs. USD is trading around $0.01818409.
  • Against Bitcoin, the crypto is valued around 0.00000178 BTC per chip.
  • At present, Tron is ranked at 13th position in the Cryptocurrency market.
  • Additionally, the market capitalization of the altcoin is around 1,208,885,443 USD.
  • At the same time, the 24-hour trading volume in the coin is 497,507,872 USD.
  • With a return on investment of 783.81%, a total of 66,682,072,191 TRX chips were circulating in the market at the time of writing.

TRX to USD Comparison:

Tron price chart - Aug 25
Tron Chart By TradingView

Tron opened trading yesterday on a declining note and went down by 4.15% to the level of 0.017514 USD in the early hours. However, a strengthening in the coin soon followed where it hiked by 2.62% and went up to the $0.01787 mark. Nevertheless, in the 2nd half of the previous day, the coin again made a dip of 2.79%. Afterward, it kept hovering at that level with a slide bounce back of 2.07%. Today, in the early hours, however, the coin made a sharp jump toward the green zone which accumulates to 2.7%, and it took the crypto up to the level of 0.018138 USD. Since then, Tron kept moving around that level.

Tron Price Prediction:

As per our TRON Prediction, the coin might trade around $0.06 by the end of the year. At present, the immediate resistance for the coin is at 0.01831 USD, and the support level is at 0.017417 USD.


Security of deposited altcoins is a major concern for investors, and by releasing the deposit document, Tron Foundation has tried to look out for the issue. It will surely give some assurance to the TRX investors.

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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