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 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.
Conclusion:
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.
