Price Analysis

Tron Price Analysis: Tron (TRX) Price Yields 32% Profit in YTD Time Period; Future Holds High Hope

  • Tron (TRX) gets bitten by the bears in the intraday market.
  • Year to Date chart reflects a 32% profit in TRX price.

Tron (TRX) price is currently hitting deep waters. The month has remained quite disappointing for the traders and investors. The entire market crashed and made the investors suffer terribly. Well, the time seems bad for the crypto investors, but the year to date chart is telling a totally different story.

In the last seven months, Tron has shown a subsequent recovery. The current drop is handled well by the coin. To understand it in a better way, let’s have a look at the year to date chart.

Current Statistics of Tron (TRX):

The Tron chart is taken from Trading View on 23rd July 2019, at 01:47:46 UTC for price analysis.

Tron price chart - july 23
Tron Price Chart By TradingView

The year started with the price mark of $0.020, and within the first month, the coin jumped to $0.028. The first escalation was of 42.70%. The upsurge in price was of 31.32% as the month closed at $0.026. February booked a downfall at 9.94%. The coin opened at $0.026 and closed at $0.026. March was a moderate month. April again brought an upsurge in the price. The coin jumped from $0.024 to $0.030 by 27.58%. The coin booked a moderate hike of 1.75%. May was a power-packed month. The coin escalated from $0.024 to $0.037. The leap was of 53.46%. The coin started falling from $0.037 to $0.032 by 4.30%. July continued to fall from $0.032 to $0.026 by 19.56%.

Particulars Tron (TRX)           
Price$0.026394
Rank10
ROI1166.84%
Market Cap$1,732,796,011
24hr Volume$654,211,978
Circulating Supply66,682,072,191 TRX

Tron Price Prediction and Conclusion:

TRX is a high profit yielding coin. The currency is at the 10th position in the crypto market. Tron is strongly holding its position and planning to move up in the coming years. We are assuming that the coin might cross $0.060 by the end of 2019. The coin is best suited for a long-term investment plan. The short-term can also bring profit, but the same would not be as flourishing as the long term.

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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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