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Price Analysis

Tron Price Analysis: Tron’s Temporary Losses May Go Deeper This Time

  • Tron (TRX) loses $0.001 in a day, and value is pushed back to $0.030.
  • The medium-term target remains unchanged at $0.06.

In the current status of the crypto market, the sentiments of the investors are valued at the highest level. After the fall of Bitcoin (BTC), the way Tron coin is trending in the chart, it has made many investors cautious. After falling straight 0.002 USD yesterday, Tron (TRX) has lost another 0.001 USD from its value in the last 24 hours. As per the analysis, the volatility is to continue for some more time. The coin is going through a price correction phase. Some investors believe that the hike Tron (TRX) got during the last week was unjustified and misguided due to Justin Sun’s tweet. This has also affected the overall ranking of the coin as well. The anticipation of something new has pushed the coin to Top 10 list for a while, but now it is back to its original place of 12th rank after this huge fall. However, the temporary phase will go out soon, and the medium-term is predicted to be bullish. By the end of 2019, the coin may get its price near 0.06 USD. Let us look at the current details of the coin.

Tron Price Statistics-

Tron Price Chart - 11 June

Tron (TRX)11th June 06:24 UTC
Rank12th
ROI (Return on Investment)1,411.76%
Coin Circulation66,682,072,191 TRX
Market Cap2,064,557,239 USD
Tron Price in USD0.03068910 USD
TRX Price in BTC0.00000390 BTC
24h Volume746,152,532 USD

Tron Comparison-

Tron (TRX) has shown a huge price variation for a large part of the year until now. However, by the end of March, some stability and growth came to the coin. The April boom managed to push the coin to 0.030 USD price level, but the growth was not sustainable. Tron’s value finally went down by almost 25% in 17 days’ period. And again, after the 1st week of May, the coin gained strength and rose by 31.31% in less than a week’s time. The market cap on 11th May was 1,639,517,325 USD, and the value of each coin was 0.02464887 USD. The current market cap and the value of each coin in USD are respectively 25.92% and 24.50% more than the figures for last month.

Tron Price Prediction-

As we have mentioned earlier, the fall is a temporary phenomenon; the value will see a bullish growth in the medium-term. By the end of 2019, the value may roam around 0.06 USD.

Conclusion-

As the price is sinking now, this makes a perfect avenue for investing now. Long-term holding with special focus at resistance will give good returns.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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