Tron Price Analysis: Tron (TRX) could be the game-changer in the crypto market

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Tron (TRX) is similar to any altcoin in the market. It is also falling to an equivalent extent when concerned to the price. However, the coin might be similar now, but in the coming days, the coin might be dealing with high counters.

A recent statement released by Justin Sun, CEO says Tron (TRX) is on the verge of a breakthrough. The statement could be the forecast of the coin as Tron is geared up for some big projects in the month of July. The same will help the coin to gain popularity and grow again.

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The token had shown a remarkable improvement in momentum in the last couple of weeks. The same has impressed the traders, and many are eyeing on the current trend in order to see if the same happens or goes beyond. Let’s have a look at the price chart of Tron.

Current Price Analysis of Tron:

The price chart is taken from Trading View on 2nd July 2019, at 05:05:57 UTC for price analysis.

Tron Price Chart - 2 July
Tron Price Chart

 Summary of the Statistics:

  • The price of Tron is at $0.031400.
  • The coin is at the 10th rank in the crypto market.
  • The 24hr volume of EOS is marked as $908,363,948.
  • The coin’s circulating supply is 66,682,072,191 TRX.
  • The ROI (Return of Investment) is 1406.9%.
  • The market cap of the coin is $2,061,172,961.

As per the given chart, the coin opened with an upsurge in the market yesterday. The registered growth was 4.85% as the price shifted from $0.0317 to $0.0333. The coin started dropping after touching $0.0333. Tron (TRX) lowest price was around $0.030. However, the coin recovered and closed with a hike of 3.52% as the opening price was $0.0317, and the closing price was $0.032.

Today, the coin had a disappointing start. The coin dropped twice in the market till 05:00 UTC. The first drop was of 3.60% as the price shifted from $0.032 to $0.031. The next drop was of 4.68%. The price counters changed from $0.0322 to $0.030. The coin is presently trading t $0.0314.

Tron Price Prediction and Conclusion:

The upcoming business ventures of the coin are assumed to be promising. The price of Tron (TRX) might be falling today, but the indications are towards a brighter future. The investment in the coin won’t result in foul returns.

Thus, the short-term and long-term investors can go for the coin with a prospect of fetching huge dividends.

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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