Tron Price Analysis: TRX Price shows a downfall of 6% in the last week

Tron was seen maintaining its price range from the last two days. The traders were quite apprehensive for the TRX coin as it has given positive results in the past. We were hopeful that the coin wouldn’t fall anymore. And by going through TRON Forecast data, it seems that the future of the coin would be positive.

TRX to USD Price Comparison:

The chart is taken from TradingView on 13th August 2019 at 05:18:44 UTC.

Tron Price Prediction
Tron Price Chart by TradingView

Above chart is reflecting fall in Tron price. Starting from 07th August, the TRX coin kept a moderate approach for the day and hence didn’t change a bit. On 8th August, the Tron price escalated by 1.32%. The price counters changed from $0.021 to $0.022. On 9th August, the price of the TRX coin dropped from $0.0220292 to $0.020059 by 9.20%. The coin recovered on 10th August. Tron price switched from $0.020059 to $0.0206 by 3.16%. The escalation continued from $0.020693 to $0.020793 by 0.55%. Yesterday, the coin slipped by 0.27% from $0.020793 to $0.20736.

Current Statistics of Tron:

  • Tron price is trading around 0.020400 USD.
  • The ROI stands at 890.8%.
  • The circulation supply has 66,682,072,191 TRX, whereas the total supply stands at 99,281,283,754 TRX.
  • The 24-hour volume is noted as 441,510,811 USD.
  • The market cap is at 1,355,470,903 USD.

Tron Price Prediction and Conclusion:

TRX price has slipped from the last week once again. The same reflects that the traders have lost hope from the coin and hence making their way out. However, Tron Ecosystem is continuously trying to implement new strategies to increase the popularity of the coin. We are sure that the brains behind the coin would find a way to the traders’ heart.

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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