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Price Analysis

Tron Price Analysis: Will The Million Dollars Lunch-Speed Up TRX’s Growth Curve?

  • Tron’s Justin Sun’s power of one lunch will bear fruits of success soon
  • TRX token is slowly heading towards growth trend but investors expect more

Tron has been maintaining a steady growth trend but at a slow pace and the investors are now getting restless for the coin to perform better. The recent 4.6 million dollar lunch date of Tron’s founder Justin Sun with Warren Buffet can work as the much-needed catalyst to the currency’s growth and help it reach new milestones by the year-end. The current market performance of the coin is progressive.

Current Price Statistics From Tron Chart:

In the last 5 days, TRX has shown an uptrend of over 10% rising from $0.029 to its current value of $0.032 as on June 16, 2019, at 05:07:43 UTC. The coin value peaked as high as $0.033 in the last one week and then dropped back to $0.030 before rising back again.

TRX Price Chart - 16 June

  • Tron is currently trading at $0.032 and 0.00000367 BTC
  • The market cap of the coin is now $2,199,985,235
  • The 24 h volume is now $649,192,069
  • The ROI of the coin is now 1,505.57%
  • The circulating supply of the coin has become 66,682,072,191 TRX

In the last 30 days, the highest recorded value of TRX token was $0.040 which shows almost 2X growth since the beginning of 2019 when the coin was trading at $0.018. It has a long way to go to cross its all-time high of $0.3.

Tron Price Prediction:

Tron may start surging at a faster pace in the coming months and may end the year with the price mark of $0.06.

Conclusion:

TRX is a good investment for long term returns in the future and the price is going to increase at a faster pace post-July.

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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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