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Price Analysis

Tron Price Analysis: Tron (TRX) hits Deep Waters; Price Struggles At $0.033

Tron is suffering from a huge price drop in the market. The traders are astounded by the sudden drop. Initially, it was assumed that the drop is just a bump in the price upsurge, and many believed the price drop to be the selling pressure.

However, we are positive that the coin will soon recover out from the price drop. As per the latest news, the people behind Tron ecosystem are planning to buyback. The buyback usually happens when the company is quite sure about the upcoming price upsurge.

TRX Current Statistics:

The price of Tron (Tron to USD) chart is taken from Trading View on 27th June 2019, at 11:29:28 UTC for price analysis:

Tron price chart - june 27

Tron Price Summary:

  • The price of Tron (TRX to USD) is at $0.035029.
  • The 24hr volume is at $1,166,692,694.
  • The circulating supply is noted as 66,682,072,191 TRX.
  • The Return on Investment (ROI) is at 1,607.70%.
  • The market capitalization is at $2,335,813,047.
  • The coin is at the 11th rank in the crypto market.

The coin price reflects a heavy price drop in today’s market. The coin opened at $0.036. The first few hours took the price till $0.034. The coin felt a recovery at the same level and jumped till $0.036. The price dropped from $0.036 and touched the lowest level at $0.033, marking a fall of 8.33%.

However, yesterday, the coin opened at $0.038 and tried to keep it tight around $0.039. The major price drop took place at 20.02 UTC, where the price felt a steep fall from $0.038 to $0.034. The regression was of 10.9%. The price closed with a slight recovery.

Tron Price Prediction and Conclusion:

The price of Tron is currently suffering at a level of $0.036. The price will soon see recovery on the chart. We are expecting the coin to touch $0.04 in the coming months. By the end of 2019, the coin is expected to touch $0.06.

Once the coin picks up the momentum, the short-term and long-term investments will fetch promising results. We would recommend diverging the investment to deteriorate the risk.

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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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