Tron Price Analysis: Tron (TRX) Price Drops In The Second Month of The Third Quarter

  • Tron registers 30% loss in the last month price chart.
  • TRX price still holds the expectation to rise in the future.

Tron (TRX) was expecting a power-packed month in July. There were few business meetings which were expected to increase the popularity of the coin. Well, the plan didn’t fall on the place. Alongside, the entire crypto market observed price drop. Big forces which are known as the drivers of altcoins were also seen dripping in the last month.

Well, the loyal traders in the coin are still hopeful for the ongoing month. They are still hopeful for the coin to rise on the chart. We are positive for the upsurge too. However, the downtrend in the coin is scary for the investors. The traders should hold in for some time until uptrend embarks.

Current Statistics of TRX Coin:

Particulars Tron (TRX)
Price $0.021958 USD
ROI 970.46%
Rank 12
Circulating Supply 66,682,072,191 TRX
Market cap $1,464,182,715 USD
24hr Volume $385,215,579 USD

TRX to USD Price Analysis:

The chart is taken from Trading View on 02nd Aug 2019, at 10:25:18 UTC for TRON Predictions.

Tron price chart August 02
Tron Price Chart by TradingView

The coin opened today with a drop. The regression was marked as 0.88%. The price counters changed from $0.022 to $0.021. Later, the coin escalated to $0.0222 from $0.0218 by 1.73%. The coin couldn’t hold itself at the level and dropped again from $0.022 to $0.021 by 2.40%. Yesterday, the coin opened with a drop too. The regression was of 1.95%. The price shifted from $0.022 to $0.021. The coin kept hovering around $0.022 for most of the time. The closing price was marked at $0.022. The intraday loss was of 1.51%.

Tron Price Prediction and Conclusion:

The CEO of Tron Ecosystem, Justin Sun is often seen making efforts for the betterment of the coin. The traders can believe in the brains behind the coin and dig in for the long term. However, we highly recommend dividing the investment to cut short risk. We are expecting the coin to touch $0.050 by the end of 2019.

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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