Price Analysis

Tron Price Analysis: TRX Price establishes stable momentum at USD 0.020

Tron price was expecting a downtrend. Contrary to the belief, the coin kept itself hooked at $0.020. The entire market is slipping, but coins like Tron is showing a remarkable potential and staying put.

The stability is indicating towards a better time ahead. TRX coin has shown commendable momentum in the last two quarters. The same is likely to revive in the coin.

Current Statistics of Tron:

  • Tron price is currently dealing at 0.020300 USD.
  • The ROI is calculated to be 884.06%.
  • 24-hour volume is marked as 457,446,048 USD.
  • The Markey Cap is noted at 1,346,004,346 USD.
  • Circulating Supply has 66,682,072,191 TRX.

TRX to USD Price Comparison:

The chart is taken from TradingView on 14th August 2019 at 01:14:40 UTC.

Tron Price Prediction
Tron Price Chart by TradingView

Above chart is reflecting a heavy fall in Tron price. The coin started dealing at $0.021672 on 8th August. Tron price escalated to $0.022117 by 1.03%. On 9th August, the coin price dropped from $0.022117 to $0.019757 by 10.70%. The coin again picked up and jumped from $0.019757 to $0.020649 by 2.54%. On 11th August, the TRX coin kept it tight around the same level. On 12th August, the Tron price jumped from $0.020649 to $0.020768. The moderate jump was of 0.58%. Yesterday, the coin booked a regression of 1.12%. The price counters changed from $0.020768 to $0.020536.

Tron Price Prediction and Conclusion:

TRX recently released sidechain scaling solution, the Sun Network. The scaling solution is designed to improve and ensure a purportedly unrestricted scaling capacity of Tron Mainnet.  The same would allow DApps to devour less energy as compared to the previous time and run with higher safety measures and competence on Tron. This would lead to a flourishing time of Tron Blockchain. We would recommend the traders to plan a long-term investment if interested in the coin.

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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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