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Price Analysis

Tron Price Analysis: Tron Touches $0.034; Can it Retain?

  • Tron (TRX) manages to touch 0.034 USD mark after a few days of struggle.
  • The 2019 target remains unchanged at 0.06 USD.

Tron (TRX) has become another name for stability and good growth. In the last few days, the coin has shown tremendous hold over the market and its own growth as well. With a very few numbers of price variations, the coin managed to get its value near 0.032 USD and 0.033 USD. In the last 24 hours, the coin started its journey at 0.0333 USD and at around 14:30 UTC yesterday the coin managed to grow to 0.0339 USD. However, the growth faced little resistance after that. But another push was waiting for Tron, and the coin finally touched 0.034 USD. This figure has been anticipated for a while now. Though the figure is yet to be stable, the bullish run will make sure the 0.034 USD mark sustains. The bullish medium-term outlook places the target for Tron near 0.06 USD mark. Let us analyze the current details of the coin.

Tron Price Statistics-

Tron Price Chart -18 June

Tron (TRX)18th June 01:38 UTC
Rank12th
ROI (Return on Investment)1,558.25%
Coin Circulation66,682,072,191 TRX
Market Cap2,263,141,729 USD
Value in USD0.03410242 USD
Value in BTC0.00000366 BTC
24h Volume646,014,358 USD

TRX to USD Price Comparison-

Though there were few major up-trending pushes for Tron in the initial months of this year, the coin could not retain its growth until April. The period between 9th January and 27th January showed no significant growth, but this period was full of many steep price variations. The second lowest point of the coin at 0.02150201 USD also falls in this duration. However, by the end of March, the coin gathered strength and gained 34.95% in the next 13 days. But that gain was short-term, as the coin lost almost 25% of its value in the next 18 days. By 9th May, the coin again showed a hike in the price by gaining 31.31% in the next 6 days. The market cap on 18th May was 1,814,345,164 USD, and the value of each coin was 0.02663826 USD. The current market cap and the value of each coin are respectively 24.73% and 28.02% more than the figures for last month.

Tron Price Prediction-

As mentioned earlier, good days are ahead for Tron. The coin is likely to get to touch 0.04 USD soon. By the end of this year, the value may get as high as 0.06 USD.

Conclusion-

The bullish prediction keeps the hopes high for existing coin holders. A long-term holding is a solution for reaping significant profits.

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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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