Price Analysis

Tron (TRX) Price Analysis: TRON With Its Low Price And High ROI Is Best To Invest For A Return Of 1000% By 2019

The revival of TRON coin in the last few days with an increase in volume is a good sign after a sluggish 2019.

TRON on the process of making the internet genuinely decentralized is one digital asset with a maximum high of 0.30, which it reached on January 5, 2018. From there it started 2019 with a bearish note at 0.018, which is a fall in one year of -94 %. TRX coin traded range bound between 0.02 to 0.03 USD till May. There was a steep rise from 0.022 on May 10 to 0.033 on May 16, which is a rise of 50 %. If this three months high is cut again with volumes, it may reach its next level of 0.076 by the end of the year. TRX coin will be a 130 % return on investment.

May 25, 2019, TRON Price Statistics at 7:29:03 UTC:

Tron Price Chart

Ranking in cryptocurrency list of Coinmarketcap11
Return of Investment (ROI)1263.57 %
Total Circulation66,682,072,191 TRX
Market Cap in USD1,903,120,417
Current TRX Price in USD0.028540
Current Tron Price in BTC0.00000355
24 hours traded volume738802600
25 days price change28.52 %

May 25 TRON Intraday Analysis:

TRX opened today at 0.028107 is now trading at 0.028540 after touching a low of 0.027866. If it cuts yesterday’s low intraday, it may go down further as per the current bearish trend. But on the reverse, if TRX cuts yesterday’s high 0.028642 it may see an upward trend for the day.

TRON Value comparisons:

The recent massive surge in volumes of TRON in the last few days is an indicator of the revival of interest in it. Also, forming a new 3 month high with a steep rise of 50 % is a good indicator. It is correcting now at the current price, and once it breaks the 3 months high, it could easily reach the year high of 0.076 shortly. The next level could be the all-time high of 0.30, which could yield a return of more than 1000%. Already it has an ROI of 1263.57%, which is a positive sign for its increase shortly.

Conclusion:

Since it is one of the digital asset available at such a low price and near its all-time low, there are more chances of upside. If even part of the 2017 boom starts which seems to be possible in 2019 it could easily reach its all-time high of 0.30. Hence investing in the bulk of such a low priced digital asset which is ranked 11th is worth an investment for fabulous returns of more than 1000% by the end of 2019.

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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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