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Price Analysis

Tron Price Analysis: Tron (TRX) Price Improves Momentum In The Weekly Chart

  • Tron (TRX) price reflects a slight recovery.
  • The coin is picking up its pace.

Tron (TRX) is again in the list of steady climbers. The coin was badly suffering from the past couple of weeks. The same resulted in declining trades for the coin where it lost many of its loyal traders and also slipped down from its position in the market.

Well, the current scenario is indicating towards recovery and upcoming price rally.

Current Statistics of Tron (TRX):

  • The coin is trading at $0.020641.
  • The ROI is noted as 897.28%.
  • The coin has marked $1,364,086,838 as of the Market Cap.
  • The 24hr volume is $435,817,260
  • The Circulating Supply has 66,682,072,191 TRX.

TRX to USD Price Comparison:

The chart is data feed from Trading View as on 12th August 2019 at 04:31:14 UTC.

Tron Price Prediction
Tron Price Chart by TradingView

The week-long chart is reflecting a power-packed movement in the coin. On 6th August, the coin was trading around $0.022. The coin immediately booked a drop of 2.03% and touched $0.021. On 7th August, there was a slight escalation of 1.76% as the price switched from $0.021 to $0.022. On 8th August, the price escalated from $0.021 to $0.022 by 3.03%. On 9th August, the price slipped from $0.022 to $0.019 by 11.84%. But, the coin started recovering after the same. The currency booked an upsurge of 4.80% on 10th August as the price changed from $0.019 to $0.020. Yesterday, the coin fell by 3.11% as the coin touched to $0.0200 from $0.0206. There was an escalation also booked, which took the price to $0.021 from $0.020. The upsurge was of 4.31%. The coin opened with a moderate movement. The coin is expected to continue the upsurge for the day.

Tron Price Prediction and Conclusion:

A few weeks back, there was a piece of news circulating that the brains behind the coin are planning to buy back the token. Well, the same news turned out to be true, and we hear that by the end of 2019, the buyback procedure would be completed. The same indicates that the company is positive about the growth of the coin.

The coin is anticipated to touch $0.060 by the end of 2019. The coin is recommended for long-term investment plans. The same would bring a huge dividend to the investors.

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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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