Tron (TRX) Price Analysis: Bullish Trends Ahead, TRX Might Trade Around $1 by the End of 2019

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Tron (TRX) is a decentralized blockchain technology focused mainly on content and entertainment services. Recently, Liverpool FC, one of the leading football clubs, has shown interest in crypto coins. Just a few days back, the club sent invitations to some crypto and blockchain firms, including Tron. This is a piece of good news for the crypto market and especially for Tron.  Entertainment services like streaming, storing and publishing of content over the internet is the forte of Tron (TRX). Since its migration from Ethereum blockchain, Tron has achieved quiet-a-lot. Besides partnering with top firms all around the globe, Tron (TRX) has been listed on top trading platforms in the world.

TronAs per Coinmarketcap, on April 30, at UTC 07:49, Tron (TRX) was trading at 0.022751 USD, with a return on investment of 1009.16%. If you look at the market capitalization of Tron (TRX), it is around 1,517,114,800 USD, with a total of 66,682,072,191 TRX chips in circulation. Looking at the 25-days trading variation, on April 5, the value of the crypto was at 0.027239 USD. Nevertheless, the market value of Tron (TRX) has declined by a slight margin and today it is trading with a loss of almost 16.5%.

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Historically, Tron’s all-time high was marked in the first month of 2018, with a trading price of 0.300363 USD, while it touched an all-time low of 0.001091 USD on Sep 15, 2017. Yesterday, the crypto opened the day at 0.023605 USD and in the intraday trading session, it loosed its value by 0.000767 USD (3.25%) and wrapped the day up at 0.022839 USD. The recorded highest and lowest value of crypto for yesterday was at 0.023718 USD and 0.022565 USD respectively. Regarding the trading volume of the crypto, yesterday it was around 662,954,530 USD. All these numbers helped the crypto in securing 11th position in the cryptocurrency chart.

Tron (TRX) Price Prediction:

The launch of its own mainnet and the acquisition of BitTorrent by Tron (TRX) are few of its major achievements. Since the launch of mainnet, Tron has seen unprecedented growth in its decentralized application platform. According to Tron Dapp report, the number of smart contracts and dapps on its network has reached up to 779 in a week only. Additionally, the amount of transactions taking place on a daily basis has also seen an enormous growth of 10%, bringing the total number of active users around 50,000. There is a stream of bullish news around Tron and moreover, experts also have predicted of a bounce back on the upper side. However, the price of Tron (TRX) has not been responding positively as of now. Nevertheless, the bullish forecast is giving investors hope, and it is most likely that the coin will bounce back soon. If the bullish trends in prediction become a reality, as expected by many analysts, by the end of 2019, Tron (TRX) may trade around 1 USD.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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