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Price Analysis

Tron Price Analysis: Tron (TRX) drops by 12% in the intraday movement; hovers at $0.028

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Tron (TRX) has become prey to the current price drop in the market. The downtrend has affected many coins, but it seems like the said scenario has vastly controlled Tron.

A few weeks back, when the rest of the coins were drowning due to the fall in the market, Tron maintained its level at $0.032. There were downfalls in the price, but the coin would manage to maintain a price level.

Apparently, the coin has lost its momentum in the market today.

Let’s have a look at the statistics:

Tron/USD intraday price chart:

Tron Price Prediction
Tron Price Chart

As per the chart from Trading View as on 11th July 2019, at 10:40:16 UTC for price analysis, the coin has dropped with a huge percentage in the intraday movement. However, as manifested from the movement until now, there seems to be no price recovery for the rest of the day as well. There is no noticeable growth happening in the coin since the daybreak, apart from a big drop which started at 00.08 UTC from $0.031 and ended at 04:42 UTC to $0.027. The loss of 14.56% was marked in 04hr 42 mins. The coin tried to climb up but failed. Currently, Tron is floating at USD 0.028.

Summary of the statistics:

  • The current trading price of the coin is $0.028200.
  • The ROI of Tron is at 1275.43%.
  • The coin is ranked at the 10th position in the crypto market.
  • The market cap is at $1,881,321,733.
  • The circulating supply has 66,682,072,191 TRX.
  • The 24hr volume is at $747,813,830.

Tron Price Prediction and Conclusion:

The CEO of Tron Ecosystem, Justin Sun, recently announced the buyback of Tron (TRX). The same indicates an upsurge in the price of the coin. The currency is currently drooling in the lower level, but the future seems bright.

The coin will close the year around $0.070. The long-term investment in Tron will bring huge dividends.

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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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