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Price Analysis

Tron Price Analysis: Tron (TRX) price rally brings back the momentum

Tron was badly affected by the last month price drop. During the beginning of the July month, the coin was dealing around $0.030. The current month started at $0.22. The change is the price is heartbreaking.

Well, the storm has passed, and we all are waiting for a heavy upsurge in TRX price. We are positive that the upsurge would take place very shortly as the price recovery in Tron has already started.

Current Statistics of Tron:

  • TRX price is Trading at 0.022351 USD.
  • ROI of Tron is 1005.93%.
  • The market cap stands at 1,512,695,856 USD.
  • 24-hour volume is 465,598,368 USD.
  • Circulating Supply has 66,682,072,191 TRX.

TRX to USD Price Comparison:

Tron Price Prediction
Tron Price Chart by TradingView

TRX price analysis is done with the help of TradingView chart taken on 6th August 2019 at 03:15:16 UTC.

The month opened with $0.022362. The first day brought a drop of 1.34% as the coin touched $0.022066. Further, the currency continued the drop from $0.022066 to $0.021619 by 2.07%. On 3rd August Tron climbed to $0.021880 from $0.021619 by 1.20%. Next day, the coin escalated from $0.021880 to $0.022451. The escalation was of 2.50%. Yesterday was a big day for the traders in Tron. The coin jumped to $0.023420. The intraday movement was recorded as $0.022451 and $0.022858.

Tron Price Prediction and Conclusion:

There is a noticeable change in the market cap in the Tron coin. All this is a positive sign for TRX. The coin would be shining in the future. The speculations suggest that Tron would be dealing around $0.06 by the end of 2019. The long-term investment in the coin would allow earning high profits.

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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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