Price Analysis

Tron Price Analysis: Tron (TRX) Price Drops Continue; TRX Touched $0.022

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After the postponement of Warren Buffett lunch, the traders were seen disappointed. Well, there is still some hope of upsurge from Tron. The loyal investors believe that the coin will soon bounce back and start trending.

Talking about yesterday, the coin touched a high at 0.026906 USD and a low at 0.022092 USD. The volume marked on 24th July 2019 was 1,009,280,185 USD.

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TRX to USD Price Comparison:

The chart is taken from TradingView on 24th July 2019 at 04:09:41 UTC.

Tron price chart July 24
Tron Price Chart by TradingView

Yesterday, the coin opened at $0.026535. The coin slipped from $0.026535 to $0.021976 by 17.18%. The second half of the day tried to pull up the TRX coin and hence registered a progression of 17.05% from $0.021961 to $0.025705. The intraday regression marked was of 8.90%. Today, Tron opened at $0.024091. Tron slipped to $0.023026 by 4.42%.

Current Statistics of Tron: 

Particulars  Tron (TRX) 
Tron Price 0.023364 USD
Rank 11
ROI 1039.01%
Market Cap 1,557,948,490 USD
Circulating Supply 66,682,072,191 TRX
24-hour Volume 1,019,592,270 USD

Tron Price Prediction and Conclusion: 

TRX price had an astonishing momentum when Justin Sun cracked the bid and earned the opportunity of a lunch meeting with Warren Buffett. The traders in the market were also looking forward to it. Well, the expectation from the lunch meeting felt a tremor when Tron tweeted about the postponement of the meeting. The coin dropped from the 10th rank in the crypto market and experienced an overall loss by 8.9%. Thus, predicting anything for the Tron coin would be hypothetical. The traders are recommended to hold the currency for time. The clouds would soon get clear, which would help us in understanding the coin better.

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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