Price Analysis

Tron Price Analysis: Would Tron (TRX) Price Rise In The Upcoming Weeks?

Tron (TRX) was once the brightest star of the whole crypto market. The coin had the perfect momentum and was riding the bulls. The brains behind the coin were showing their confidence regarding the continuous upsurge. Well, the expectations from Tron soon got demolished.

In the previous month, the coin got badly affected by the price drop. The traders are looking forward to an upsurge in the ongoing month to make good the losses. The expectations are high. To understand the momentum of the coin, let’s have a look at the price chart.

TRX/ USD Price Chart:

The chart is taken from Trading View on 09th August 2019 at 06:31:21 UTC for price analysis.

Tron Price Prediction
Tron Price Chart by TradingView

The coin was trading around $0.033 at the onset of the previous month. On 8th July, the coin escalated by 5.44% as the price counters changed from $0.032 to $0.035. Tron couldn’t stay hold tight at that level and fell tremendously marking a drop of 21.84%. The price of the coin changed from $0.035 to $0.028. The downtrend continued, and on 15th July the coin took another dip of 29.37%. The price counters changed from $0.029 to $0.020. There was the recovery in the coin from 18th July to 20th July. The price changed from $0.020 to $0.030, with an upsurge of 33.33%. Again, the coin couldn’t hold the escalation for a long time and fell from $0.030 to $0.022 by 26.03%. The coin closed trading around $0.021. The month brought 31.46% loss in the coin. The ongoing month has brought a certain amount of stability in the coin.

Current Statistics of Tron:

Particulars Tron (TRX)
Price$0.021961
ROI954.99%
Rank12
Market Cap$1,443,030,819
24hr Volume$409,654,907
Circulating Supply66,682,072,191 TRX

Tron Price Prediction and Conclusion:

Amidst all this, the rest of the partners in the Tron Ecosystem are making continuous efforts to improve the coin and its price. The coin is expected to touch $0.060 by the end of the year. The long-term investment is recommended for the coin. The same would bring a colossal return on the investment.

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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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