Tron Price Analysis: Tron (TRX) Price Relaxes Before Surging to a Great Height

eToro

The crypto market is dripping since morning. Most of the altcoins are spotted in the bearish zone. Tron is also one of them. The coin is dealing with losses, but the drop will be soon converted into the rise.

If we look at the Tron YTD chart, then the hike in price is fabulous on the totality. The investors who would have entered at the beginning of the year would be drawing huge profits out of the coin.

eToro Crypto

Tron price is expected to rise in the coming months. The coin will soon be seeing a new day with an unexpected rise.

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

TRX/USD YTD chart:

The price chart is taken from Trading View on 27th June 2019, at 04:16:46 UTC for price analysis.

Tron Price Chart - 27 June
Tron Price Chart

As per the given chart, the coin was trading at $0.019 at the beginning of the year. The first month of the year was quite good as the price reflected a hike by 27.08% as the price shifted from $0.019 to $0.024. However, February booked a loss of 8.22% because the price shifted from $0.024 to $0.022. March again reflected an improvement of 8.22% as the price jumped from $0.0228 to $0.0248. In April, the price changed from $0.024 to $0.22. Tron booked a loss of 9.49% in the same month.

May was the most result giving month as 68.2% hike was registered in the same month. The price changed from $0.0223 to $0.0376. However, June has remained uncanny because the coin has reflected a downfall from $0.037 to $0.035. There are still 3 days left to end the second quarter. Let’s see what happens in this period.

Particulars Tron (TRX)
Price (USD) 0.034521 USD
Rank 11
Market Capitalization 2,301,901,184 USD
Circulating Supply 66,682,072,191 TRX
24 hr Volume 1,160,786,181 USD
Return on Investment 1,582.91%

Tron Price Prediction and Conclusion:

Tron is expected to rise in the coming months. The price of Tron would be closed at $0.060 by the end of 2019. The short-term and long-term investments are anticipated to lay good results on their investments.

However, we would strongly recommend diverging the investment to cut short the risk.

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.

Related Articles

Back to top button