Price Analysis

Tron Price Analysis: Tron (TRX) Price Holds the Hope of Improving In Future

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Tron coin has been through a lot lately. The month was meant to be prosperous for TRX coin, but the situation has turned out to be contrary. Well, the weekly chart may be showing downtrend in the coin, but the 3-month chart is telling a different story.

Tron price has drowned due to the ongoing trend but still has held itself well. There are still some indications that the TRX price might improve and experience upsurge.

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TRX to USD Price Comparison:

Tron price chart - 26 July 2019
TRX Price Chart by TradingView

The three-month Tron price chart is showing a power-packed movement of the coin. The first major upsurge was marked when TRX coin jumped from $0.022611 to $0.0032947 by 45.71%. The next upsurge in the price took it to $0.040510 from $0.03042. The escalation was 33.14%. The third escalation was again in June, which changed the price counters from $0.03265 to $0.04025 by 23.29%. The coin closed in June at $0.03277. The ongoing month took the Tron price down to $0.02067 from $0.03542. The escalation marked is 41.63%. The coin is currently dealing at $0.02310.

Current Statistics of Tron:

  • TRX price is at 0.022310 USD.
  • ROI of Tron coin is -1000.42%.
  • Market Cap of Tron coin stands at 1,505,170,704 USD.
  • Circulating Supply is noted as 66,682,072,191 TRX.
  • 24-hour volume is at 488,232,280 USD.

Tron Price Prediction and Conclusion:

Justin Sun, CEO of Tron Ecosystem, is often seen planning something or the other to promote Tron. The same has worked for the coin and help it gain the trust of the traders. There are high indications that the coin would again rise and climb up. The coin might hover at $0.06 by the end of 2019. TRX coin is likely to good for long term investor. The long-term plan would help the traders to draw high dividend.

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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