Price Analysis

Tron Price Analysis: Tron (TRX) Price Indicates a Drop of 27% Since the Last Month

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The crypto market is experiencing a long month. The marketers were expecting high price counters in July, but the month turned out to be a disappointment. The same story took place with Tron too. The coin has not only dropped in terms of price but also in the crypto market rank.

The month is about to hit the end, and there is no expectation of improvement. We are assuming that the coming month could bring any relief. The coin is currently at 0.02348 USD.

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TRX to USD Price Comparison:

The chart is taken from TradingView on 25th July 2019, at 05:09:21 UTC.

Tron price chart - july 25
Tron Chart By TradingView

The month opened with $0.03246. TRX coin maintained the price at the same level during the first few days of the month. The first upsurge took the price to $0.03549 from $0.03246. The coin fell from $0.03549 to $0.02794. The regression marked by 21.40%. The next major drop took the price to $0.02059 from $0.02899 by 28.98%. There was an escalation marked of 47.45% which led the price to $0.03036 from $0.02059. Tron price is at $0.023 as the price experience another drop of 26.73%, which took the price to $0.022251 from $0.03036.

Current Statistics of Tron:

Particulars Tron (TRX) 
Tron Price 0.023547 USD
Rank 11
ROI 1047.92%
Market Cap 1,570,141,492 USD
Circulating Supply 66,682,072,191 TRX
24-Hour Volume 669,523,584 USD

Tron Price Prediction and Conclusion:

Tron price dribbled to $0.02348. The coin also touched $0.020 in the ongoing month, which is the 90 days lowest price. Hence, the month is speculated to end on a boring note. However, the coin is expected to rise at some time. There are speculations that coin might touch 0.060 USD by the end of the year. The long-term investors can invest in the coin with a prospect of 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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