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Price Analysis

Tron Price Analysis: Tron (TRX) Price Embarks Recovery in Intraday

Tron (TRX) has always managed to gain back its position in the market. A few weeks back, the coin was among the top rankers of the crypto market, and now it is at the 12th position. The position isn’t bad, but the market cap of the TRX coin is disturbing. 

Well, the Tron price started rising in the weekly chart. The same could a good indication of the upcoming rally. We are quite apprehensive about the coin. We are anticipating that TRX coin wouldn’t close the year at a sore note. 

TRX to USD Price Comparison:

The chart is taken from TradingView on 6th August 2019 at 10:17:33 UTC. 

TRX Price Chart - 06 Aug
Tron Chart by TradingView

Yesterday, the coin opened at $0.022355. The currency slipped from $0.022355 to $0.022106 by 1.11%. The day experienced two escalation one took the price from $0.02222 to $0.023129 by 4.08%, and the other took the price from $0.022706 to $0.023416 by 3.12%. The progression marked was noted as 2.02%. Today, the con opened at $0.022800. The coin immediately slipped to $0.022306 from $0.02280 by 2.12%. The coin again recovered and shifted to $0.022893 from $0.022306 by 2.63%. 

Current Statistics of Tron

  • Tron price is trading at 0.02270 USD. 
  • ROI of Tron is 1006.78%.
  • The Market Cap stands at 1,513,857,916 USD.
  • 24-hour volume is marked as 469,652,692 USD.
  • Circulating Supply has 66,682,072,191 TRX.

Tron Price Prediction and Conclusion

Tron coin would soon start the price rally. The recovery in the coin is steady. If the momentum remains the same, then we can expect that Tron would soon take its position in the crypto market back from Stellar. The traders are returning to Tron. We have noticed a big difference in market cap. 

We are speculating that the coin would reach $0.070 by the end of the year. Altogether, the future of Tron is good. The traders are recommended to go for a long term investment plan for better results.  

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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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