Price Analysis

Tron Price Analysis: Tron (TRX) Price Drop Still Continues; Indicates Shaky Beginning

Finmax

Tron (TRX) price is indicating downtrend in the market. The coin is bitten by the bear and once again the expectations of upsurge are ruined. We were quite apprehensive about the progression of the coin, but it looks like the coin would take time to improve. The currency is slipping on the crypto chart in terms of rank. A few days back the coin was at the 10th position, and now it is at 12th position.

To understand the momentum of the coin better, let’s have a look at the current statistics of Tron (TRX).

Finmax BTC

TRX to USD Price Analysis:

The chart is taken from Trading View on 30th July 2016 at 08:27:30 UTC for price analysis.

Tron Price Prediction
Tron Price Chart

The coin is reflecting a fall in price since yesterday. The coin opened with an upsurge in price by 1.25%. The price counters changed from $0.0223 to $0.0226. Later, the coin dropped from $0.022 to $0.021 by 3.33%. The coin closed with a downtrend of 1.41% at $0.022. Today, the coin shifted from $0.022 to $0.021 by 1.80%. The coin is currently dealing at $0.021.

Tron coin price statistics:

  • The price of the coin is at 0.021829 USD.
  • The ROI stands at 964.19%.
  • The market cap is noted at 1,455,609,102 USD.
  • The 24hr volume is marked as 381,946,819 USD.
  • The circulating supply has 66,682,072,191 TRX.

Tron Price Prediction and Conclusion:

Tron (TRX) was one of the most result-giving coins in the crypto market. The business ventures of Tron Ecosystem were also flourishing. All were positive about the future of the coin. Well, the month changed the perspective towards the coin. The currency is badly affected by the price drop. The coin is expected to remain the same and end on a boring note.

However, the coming days are expected to give a good result. The coin might be seen at $0.060 by the end of 2019. The long term investment would be better with Tron.

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.

Related Articles

Back to top button