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Price Analysis

Tron Records 5% Dip in the Last One Month

  • Tron focuses on increasing visibility to promote mass adoption.
  • TRX may raise to $0.02 by early next month.

Tron (TRX) may not have registered any outstanding performance in the recent past, but the firm and its founder have managed to remain in the news for most of the year. Consequently, the coin remains to be profitable even after sluggish trends for almost 30 days. The current scenario may change very soon if the coin adoption increases in the next few months.

Tron Price Statistics:

In the last one month, TRX value has gone from high to low to high again and continues to be closer to the lower end now. As on September 20, 2019, at 05:29:58 UTC, the price of TRX token is noted to be $0.017. It has recorded a downtrend of over 5% in the last 30 days. The coin started trading at $0.018 over a month back but tumbled down to trade at $0.014 at the beginning of September. It has gained momentum to climb up again up to $0.018 but is currently moving in the downward direction.

Tron Price Chart
TRX Chart by TradingView

Yesterday, TRX recorded the highest value at $0.018 and even in the last 30 days, this was the highest one. The coin went up to $0.040 in the last 90-days and it may go bullish once again by the year-end.

Tron Price Prediction:

Tron started the year trading at $0.020 and currently, the value of the coin is below it, but it may start accelerating upwards in the coming months.

This is a very good time to start planning huge investments in the TRX token as the coin is highly profitable and may yield good returns from next year onwards.

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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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