Price Analysis

Tron Price Analysis: Tron’s Love for $0.033 is here to Stay for a While

eToro
  • Tron (TRX) finds three major price variations in the last 24 hours, finally settles at 0.033 USD.
  • The 2019 target price remains around 0.06 USD.

Tron (TRX) is a major cryptocurrency with the aim of making the internet completely decentralized, and it also works as a global free content provider using blockchain technology. This fundamental has worked positively for Tron (TRX), and the coin has been able to yield good growth in recent times. Though the last week was full of surprise ups and downs, the coin moreover could maintain its value with a stable pace. The highest noted value was 0.0338 USD, and it also fell back to as low as 0.0307 USD. Even in the last 24 hours, we can see 3 major steep price variations. The coin went as high as 0.03387 USD, and in a matter of 2 hours, it slipped to 0.0325 USD. The daily struggle with the price in this range is to continue for now. However, the medium-term outlook is bullish for Tron (TRX). By the end of 2019, the coin is likely to be around 0.06 USD. Let us look at the current details of the coin.

Tron Price Statistics-

Tron Price Chart -17 June

eToro Crypto
Tron (TRX) 17th June 01:48 UTC
Rank 12th
ROI (Return on Investment) 1,524.13%
Coin Circulation 66,682,072,191 TRX
Market Cap 2,220,502,301 USD
Value in USD 0.03305458 USD
Value in BTC 0.00000364 BTC
24h Volume 773,042,700 USD

TRX to USD Price Comparison-

Tron (TRX) started with a very low price after the so-called ‘crypto winter.’ The lowest point of the coin was on 03rd January at 0.02057259 USD. However, by the end of March, the coin started gaining. In just 13 days, the coin gained 34.74% to fall again by 24.13% in the next 17 days. But the triangle trap was soon broken for Tron (TRX) when the coin showed another hike of 31% in 6 days to reach 0.030 USD on 15th May. The market cap on 17th May was 1,718,165,738 USD, and the value of each coin was 0.02736168 USD. The current market cap and the value of each coin are respectively 29.23% and 20.80% more than the figures for the last month.

Tron Price Prediction-

The medium-term outlook is bullish for Tron (TRX). In the short-term, the coin is likely to roam around 0.033 USD to 0.040 USD. By the end of this year, the coin may get to 0.06 USD.

Conclusion-

It is a good time for both long-term traders and speculators to dive into Tron (TRX). Holding until the 1st quarter of 2020 will give desired returns to the long-term holders.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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