Price Analysis

Tron Price Analysis: Tron (TRX) Reflects A Recovery In Price; Opened With An Uptrend

Tron opened with an upsurge in the price of the coin. The traders were expecting the coin to help them recover the losses that took place yesterday.

As per the latest news, Tron ecosystem is planning to buyback. The same will take place in the coming months. The said activity indicates that the brain behind the coin is quite sure that Tron would rise in the market in the third and fourth quarter.

Let’s see how the coin ended the second quarter and embarked the third quarter.

Current Statistics of Tron:

The price chart of Tron is taken from Trading View on 01st July 2019, at 11:02:09 UTC for price analysis:

Tron Price Chart - 1 July
Tron Price Chart

The coin opened at $0.0352 yesterday. The coin marked a downfall in price till 7:46 UTC. The first hike was registered by 4.27% when the price shifted from $0.033 to $0.035. Immediately, after climbing the chart, the coin fell to $0.032 and registered a fall by 7.45%. The fall in the price the entire day is by 11.42% as the coin opened at $0.035 and closed at $0.031.

Today, the coin opened at $0.0316. The coin opened with an upsurge. The price climbed from $0.0316 to $0.0333. The aggregated hike is by 5.46%.

Summary of the statistics:

  • The price of Tron is $0.032845 at 11:02 UTC.
  • The coin is at the 11th rank in the crypto market.
  • The circulating supply of Tron is 66,682,072,191 TRX.
  • The return on investment is at 1479.83%.
  • The market capitalization of Tron is $ 2,160,910,996.
  • The 24hr volume of Tron (TRX) stands at $914,732,532.

Tron Price Prediction and Conclusion:

Tron (TRX) was reacting well in the market recently. Tron is a result of giving a coin, and after the buyback news, we are quite sure that Tron is likely to rise.

The short-term and long-term investors can go for the coin. The coming years are likely to give a huge result in an investment.

The intraday investors might have to suffer till the price drop passes by and post this period Tron will shine bright as the sun.

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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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