Price Analysis

Tron Price Analysis: Tron Slips in Bearish Zone Just When the Whole Crypto Market Rebounded

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Tron (TRX) is badly affected due to the postponing of the much-awaited lunch of the CEO, Justin Sun, and Warren Buffett. Justin Sun, the CEO of the Tron ecosystem, was looking forward to the meeting. He wanted to promote the crypto market with the objective of bringing an upsurge in the price of Tron and other cryptocurrencies.

Well, the objective is still alive, but the investors seem to be disheartened. And so, the price of the coin seems to be plunging.

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Current Statistics of Tron (TRX):

The chart is taken from Trading View on 25th July 2019 at 08:44:41 UTC for price analysis.

Tron price chart - july 25
Tron Chart By TradingView

Today, the coin opened at $0.023 and then immediately climbed up to $0.024515 by 3.43%. The coin immediately fell on the chart from $0.024515 to $0.023362. The regression was 4.74%. The rest of the hours kept the coin around $0.023. There is not much expectation from the coin for the rest of the day.

Particulars Tron (TRX)
Price $0.023500
Rank 11
ROI 1047.47%
Market cap $1,569,517,265
24hr volume $625,761,457
Circulating Supply 66,682,072,191 TRX

Tron Price Prediction and Conclusion:

Tron price is currently suffering, but the long-term future of the coin is bright. The brains behind the coin are often seen making efforts to make it climb up in the market. We are positive that the efforts will be fruitful someday. The coin is expected to trade around $0.070 by the end of 2019. The same could increase if the momentum increases. However, we strongly recommend diverging the investment to deteriorate the risk. The investors who already held their investments in Tron and were waiting for an upsurge in the month of July are requested to hold the coin. Tron would soon come off the grief and climb again.

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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