Price Analysis

Tron Price Analysis: Tron (TRX) Price Upsurge Continues; Targets to Breach $0.030

Tron (TRX) maintains an upward movement for two consecutive days. The upsurge seems to have legs. The coin will continue to rise for the next couple of days too. We are anticipating that the coin will cross $0.030. The current momentum of the coin is incredible. The market is also responding well to the price upsurge.

The future ventures of the coins are flourishing. The CEO of Tron ecosystem, Justin Sun, keeps making efforts to increase the popularity of the coin. We are positive that the investment in Tron (TRX) won’t go futile.

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

Current Statistics of Tron (TRX):

The Tron chart is taken from Trading View on 19th July 2019, at 03:14:57 UTC for price analysis.

Tron price chart - july 19

The 3-month chart of Tron (TRX) is reflecting fall in the price on the totality. The coin was trading at $0.026 on 20th April 2019. The coin dropped by 13.71% to $0.022 by 10th May 2019. Further, the coin climbed to $0.033 from $0.022, marking an escalation of 45.91%. There was another upsurge of 34.36% in coin in the month of May, which took the price up to $0.036 from $0.027. June again started with an upsurge in price, and the coin jumped from $0.032 to $0.040 by 25.85%. The coin couldn’t hold itself at the said price mark and fell to $0.029 from $0.040 by 27.50%. There was another hike. The coin climbed from $0.032 to $0.039 by 20.92%. July opened with a heavy fall in the price. The coin slipped from $0.032 to $0.020 by 37.20%.

Summary of TRX to USD:

Particulars Tron
Price$0.025369
Rank11
ROI1136.74%
Market cap$1,691,626,214
Circulating Supply66,682,072,191 TRX
24hr Volume$592,201,846

Tron Price Prediction and Conclusion:

Tron (TRX) is in the hit news due to the buyback strategy of the company. Ideally, the company purchases its shares back only when they are confident about the upsurge in the price of the coin. The buyback would be completed by the end of 2019. The same has attracted many traders and investors towards the coin. Tron (TRX) has a high prospect of going up in the upcoming future. The coin is likely to touch $0.06 by the end of 2019. The coin would be most suited for long-term investors.

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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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