Price Analysis

Tron Price Analysis: TRON Escalating In The Green Zone, Above The Baseline!

Finmax

Today is the AMA meeting with Justin Sun, CEO of Tron. This AMA meeting is expected to be a deal breaker for the cryptocurrency community, as Justin will be answering many questions raised by the users on the recent updates and launch announced by him on different social media pages. The entire community of TRX is excited about the same.

TRX Price Analysis on 8th July 2019

Tron price is currently trading at $0.0352 at 08:11 UTC as on 8th July 2019. The other essential factors are as follows:

  • Return of Investment: 1615.92%
  • Market Ranking: 10
  • 24 Hour Volume: 830,021,072 USD
  • Market Cap Value: 2,347,050,117 USD
  • Total supply/ Circulating Supply: 99,281,283,754 TRX/ 66,682,072,191 TRX
  • 7 Day high/ low: 0.035523 USD/ 0.030345 USD

TRX To USD Comparison

Tron Price Chart 8 July 2019
5-Day TRX Price Chart

Speaking of the trend in the bearish zone, the lowest value in the past three days was seen on 5th July at 07:20 UTC with the coin trading at $0.0310. The value was escalated by 3.32% on 7th July at 16:00 UTC trading at $0.0320. In the next few hours, the value of TRON was increased by 10.44% at 19:30 UTC time with a trading value of $0.0354 from the latter. The current value has dropped by 0.5% from the price $0.0354 as on 7th July.

Tron Price Prediction and Conclusion

Tron seems like slightly diverted from the strong bulls’ trend. However, traders are advised to ‘sell’ their coins as the trend is in slight bullish nature. But waiting a little more time might result in better profits if the needle moves to strong bulls.

And with one day left for the launch of BitTorrent handed with Tron, investors might want to wait for a little more! And with the trends of announcements presently, Tron might touch $0.05 by the end of 2019, or may even go beyond if it keeps surging positively.

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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