Price Analysis

Tron Price Analysis: Tron (TRX) to End the Month with a Huge Difference in Price

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Tron (TRX) price has been badly affected by the price drop in the ongoing month. At the beginning of the month, the traders in Tron were quite apprehensive about the coin for the ongoing month. There were a couple of business meetings and upcoming ventures scheduled for the month which hyped the expectation.

Current Price statistics of Tron:

  • The price of the coin stands at 0.022275 USD.
  • ROI (Return on Investment) is noted as 985.92%.
  • 24-hour volume is marked as 435,588,463 USD.
  • The Market Cap of Tron coin is 1,485,324,209 USD.
  • Circulating Supply is 66,682,072,191 TRX.

TRX to USD Price Chart:

The chart is taken from TradingView on 29th July 2019, 03:19:53 UTC.

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TRX Price Prediction
Tron Price Chart by TradingView

The month opened with $0.032. The coin kept it tight around $0.032 for a week. The coin escalated from $0.032 to $0.035 by 10.82%. The coin started dripping after touching $0.035. The first drop took the price to $0.027 from $0.035. The next drop took the price from $0.020 by $0.027. Later, the coin jumped from $0.020 by $0.030. The coin slipped from $0.030 to $0.022 by 26.10%. The coin is presently dealing at $0.022.

Tron Price Prediction and Conclusion:

The brains behind Tron Ecosystem would soon be seen taking steps to improve the position of TRX coin in the crypto market. The past of Tron has shown that the coin can come out of any situation. Thus, we are positive that the coin will improve from the current situation. The coin expected to touch $0.06 by the end of 2019. The coin is likely to give a good result on long term investment.

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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