Price Analysis

Tron Price Analysis: Tron’s Upcoming Expansion Plan is the Key Factor in Pushing the Coin to Newer Heights

  • Tron officially declared to bring the expansion plan in three stages.
  • The bullish medium-term keeps the predicted target price unchanged at 0.06 USD.

Every other coin in the crypto market is aiming at providing best and non-comparable users’ experience to enhance the users’ base and market cap. After facing a few setbacks in the last few days, Tron (TRX) is seemingly progressing on the right track. The most anticipated expansion plan of the Sun network has been officially declared, and it would be implemented on three different phases. Tron (TRX) has been trying to bring more scalability to its platform and to provide scalable DApps and smart contracts solutions. Tron Foundation founder Justin Sun said, “The Sun Network will further expand the overall capacity of TRON network, improve the overall TPS and smart contract execution efficiency of TRON.” These developments will be positive developments which may affect the coin’s chart positively. As per our prediction, the coin is likely to reach 0.06 USD by the end of 2019. We should now analyze the current details of the coin.

Tron Price Statistics-

Tron Price chart - 12 June

Tron (TRX)12th June 01:48 UTC
Rank12th
ROI (Return on Investment)1,427.73%
Coin Circulation66,682,072,191 TRX
Market Cap2,086,321,127 USD
Tron Price in USD0.03137896 USD
TRX Price in BTC0.00000399 BTC
24h Volume648,868,290 USD

Tron Price Comparison-

Tron (TRX) started its journey of the year with a meager price. The lowest point of the coin was on 3rd January at 0.020 USD.  But it quickly got momentum and reached a certain height but to fall back again. On 27th January it started falling, and it lost 23.45% of its value in the next 43 days from the price of 0.029 USD. From the point, Tron grew by 36.15% over the next28 days. This period also includes the April 1st market boom.  But soon the coin went into a price correction phase and lost 22.77% over the next one month’s time. The market cap on 12th May was 1,720,347,110 USD, and the value of each coin was 0.02385311 USD. The current market cap and the value of each coin are respectively 21.27% and 31.55% more than the values of last month.

Tron Price Prediction-

The medium-term for Tron is likely to be bullish. By the end of 2019, the value may reach 0.06 USD.

Conclusion-

As the current price trend is on the gaining side, it would be a wise decision to buy new coins with a long-term strategy.

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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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