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Price Analysis

Tron Price Analysis: TRX Reflects a 15% Loss Since Beginning of the Year

Tron price was dealing at $0.019 at the starting of the year. The year took the price to $0.037, and now, it is again dealing around $0.016. The change in TRX price in the last eight months is drastic and dramatic. Tron coin was anticipated to have a great future is now struggling to keep up with the average performers. However, we are looking forward to any upcoming business venture or upgrade as it can bring a heavy change in the coin.

TRX to USD Price Comparison:

Tron price chart - 17 Aug 2019
TRX Price Chart by TradingView

Starting from January, the Tron price jumped from $0.019821 to $0.026345 by 33.15%. In February, the coin fell from $0.026345 to $0.023995 by 8.92%. In March, TRX coin again moved up and touched $0.026 from $0.023. The escalation was of 4.42%. In April, the currency fell by 2.11% from $0.026050 to $0.024522. May brought a heavy escalation of 51.25%. Tron price counters changed from $0.024522 to $0.037090. The coin started falling from June. TRX price changed from $0.037090 to $0.032485 by 12.42%. In July, Tron coin changed the price from $0.032485 to $0.0022268 by 31.45%. The coin has dropped from $0.022268 to $0.016943 in the ongoing month.

Current Statistics of Tron:

  • TRX price is trading at 0.016900 USD.
  • ROI is marked as 721.56%.
  • The 24-hour volume is marked as 418,403,828 USD.
  • The Market Cap is noted as 1,123,730,369 USD.
  • The circulating supply has 66,682,072,191 TRX.

Tron Price Prediction and Conclusion:

TRX coin has spent two quarters with upward momentum. The currency started lagging from the previous month. There was an expectation from the coin to give some positive result, but the same is badly ruined.

There is not much expectation from the Tron. We would recommend the traders to hold and dig in after the coin recovers, and a visible price rally embarks.

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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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