Tron Price Analysis: Tron (TRX) Price Rally Begins; Aims To Breach $0.04

Tron (TRX) is at an astounding level. The coin took a leap during the first half of the day and started dealing at $0.035. The coin opened today at $0.031. The surprising upsurge in the market is because of Bitcoin.

The anchor of the crypto market is currently dealing at $12,600. Yesterday, the coin was at $11,000. The upsurge in price has majorly affected the coin, and hence, we can see the miraculous change in the price of the coin.

Tron Price Analysis: Tron (TRX) Price Rally Begins; Aims To Breach $0.04

However, Tron is considered as one of the strongest coins among the top 10 cryptocurrencies. The coin was stable at $0.032 during the heavy fall. We are positive about the coin’s growth in the coming time. According to TRON Price Forecast, the marketers believe that the coin could even cross $0.040 by the weekend.

Let’s have a look at the Tron price chart.

Current Statistics of Tron:

The chart is taken from TradingView on 09th July 2019, at 09:59:28 UTC.

Tron-TRX Price Chart - 09 July

Looking at the intraday Tron chart, the coin opened today at $0.0341. The coin kept dealing at the same level for some time. At 03:00 UTC, the coin fell from $0.034100 to $0.033599. The regression marked was around 1.47%. Later, the coin kept dealing at $0.340. Again, the coin fell from $0.034167 to $0.033535 by 1.84%. The coin finally picked up from $0.033535 to $0.0034979. This time the miraculous brought 4.31% profit in the coin. Tron to USD is currently dealing at $0.034901.

Summary of the statistics:

  • Tron (TRX) is dealing at $0.034745.
  • The Return on Investment (ROI) is at 1593.84%.
  • The coin is at the 10th position in the crypto chart.
  • The market cap of Tron stands at $2,316,844,183.
  • The 24 hr volume is at $900,506,865.
  • The circulating supply is noted as 66,682,072,191 TRX.

Tron Price Prediction and Conclusion:

The ongoing price momentum in Tron is reflecting that upsurge in the coin is around the corner. Moreover, the upcoming business ventures are also promising. The coin has a huge return yielding potential.

By the end of 2019, TRX to USD may cross $0.05 level. The long-term investment in the coin will bring huge returns. The interested traders should go for the same period to book profits.

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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