Price Analysis

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.

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. 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.

Tags

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.
Event Information
Event Information
Back to top button