Price Analysis

Tron Price Analysis: TRX Back to the Year Opening Price; Indicating Recovery Signs

Tron (TRX) was dealing yesterday at $0.020. The coin opened the year at $0.01999. If we deeply look at the YTD chart, the coin started from $0.019 and reached to $0.040. In 6 months, the coin doubled itself. According to the given instance, the coin can again cast a similar spell and walk on the chart.

The future of the coin is bright. Thus, the chances of climbing back to $0.040 are strongest. This could be the perfect time for buying in order to make huge profits in the future. The traders who are suffering losses shouldn’t lose hope as the prospects of Tron are high.

Current Statistics of Tron:

The Tron chart is taken from TradingView on 18th July 2019, at 03:15:50 UTC.

Tron price chart - july 18

The first quarter of the coin was quite result-giving. The first month took the price up from $0.01999 to $0.02639 by 31.99%. February was a little disappointing as the price fell from $0.02639 to $0.02357. March again took the price to $0.025199 from $0.02357. April was moderate for the coin. May was the most flourishing month. The escalation marked was of 54.76%. The price counters changed from $0.02454 to $0.03799. June pulled the price down from $0.037991 to $0.03262 by 13.86%. July took the price to $0.021080 from $0.032625. The loss registered was of 35.39%.

ParticularsTron
Price0.023100 USD
Rank11
ROI1030.88%
Circulating supply66,682,072,191 TRX
24hr volume564,520,266 USD
Market cap1,546,832,207 USD

Tron Price Prediction and Conclusion:

Tron (TRX) will soon come up with new ventures which will take the price up again. Recently, the company launched a new dapp which is currently gaining a lot of attention. The coin is expected to touch $0.07 by the end of 2019. The traders should dig in with a long-term prospect for drawing high profits.

Tags

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.
Back to top button
Close