Price Analysis

Tron (TRX) Experiences a Rough Patch; Deals at $0.014

  • Tron (TRX) badly affected by the recent drop.
  • The coin slips a spot in the market ranking.

Tron (TRX) seems to be bitten by the bear. The coin was seen improving in the chart from the last couple of days, but the most recent drop dragged it down again. The coin was seen at $0.014 in the opening hours of the day.

The coin was seen at $0.015087 high and $0.014053 low on yesterday’s price chart. The volume marked on the same chart was $465,868,869 USD.

Current Statistics of Tron:

  • The price of Tron (TRX) is at $0.014400.
  • The coin is at the 15th rank in the market.
  • The ROI is marked at 602.02%.
  • $960,229,459 is noted as the market cap of Tron (TRX).
  • The 24hr volume stands at $467,644,185.
  • The circulating supply has 66,682,072,191 TRX.

TRX to USD Price Comparison:

The chart is taken from Trading View on 07th September 2019 at 06:32:09 UTC for price analysis.

Tron to USD Price Chart

Yesterday, TRX opened at $0.015 and kept trading at the same level for almost the beginning of the second half. Further, it fell from $0.014 to $0.013 by 6.48%. It recovered in the last hours and brought it back to $0.014 from $0.013. The progression marked was of 2.37%. TRX closed with a huge fall of 4.88% at $0.014. Today, the coin is again experiencing the same pressure. However, it has jumped from $0.0142 to $0.0144.

Tron Price Prediction and Conclusion:

The crypto market touched some beautiful digits on the price chart during the first and second quarter. The third quarter was a bit disappointing for the traders. Talking about Tron, it was at the 10th position on the chart, during the first two quarters. In the ongoing quarter, the coin was seen slipping and is now at 15th position. The market cap has tremendously dropped with the price. The investment in Tron is not looking as promising in the previous quarter.

We would recommend the traders to keep a hold on their investment and wait for an uptrend in the coin. Predicting the future at the moment with the current momentum is quite difficult.

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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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