Tron Price Analysis: Tron (TRX) Price Plunges and Drops to $0.022

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Tron (TRX) is trading in the bearish zone at present, but the future of the coin is bright. The brains behind the coin are in the continuous process of taking the price up. The efforts are expected to result positively in some time. The coin is also popular for not moving having an influential move as Bitcoin which makes it distinct. The coin itself has a great potential. Investment in Tron is likely to fetch positive results. 

If we see yesterday’s momentum, the coin touched a high at $0.024347 and a low at $0.022879 and the volume marked was $527,822,928. 

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TRX to USD Price Comparison

The chart is taken from Trading View on 26th July 2019, 09:32:38 UTC for price analysis. 

Tron price chart July 26
Tron Price Chart by TradingView

Today the coin opened around the price mark of $0.022. From there it slipped from $0.0229 to $0.0222 by 2.70%. Later, there was a recovery in the price from $0.0222 to $0.0229 by 2.82%. Yesterday, the coin opened at $0.023and jumped to $0.024 by 3.71%. Later, the coin dropped from $0.024 to $0.022 having a regression of 6.33%. The coin closed at $0.023. 

Tron Price Statistics: 

  • The current trading price of the coin is $0.022700.
  • The ROI of Tron (TRX) is 1010.94%.
  • The market cap stands at $1,519,549,325.
  • The circulating supply is noted as 66,682,072,191 TRX.
  • The 24hr Volume is at $481,945,234.

Tron Price Prediction and Conclusion: 

Tron is expected to rise in the future. The prospects of Tron Ecosystem are expected to be flourishing which would bring the upsurge in the price of the coin. The investors seem to lose trust in the coin due to current momentum. However, the momentum of the coin is temporary and would soon pick up. Tron is expected to touch $0.060 USD by the end of 2019. The traders shouldn’t lose hope as the coin is positioned among the top cryptocurrencies in the market. 

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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