fbpx
Price Analysis

Tron (TRX) Price Analysis: TRON will Make it to the Top 10 with Tether Integration

TRON, a blockchain based operating system, is one of the largest platforms in the world for decentralized apps. TRON (TRX) aims to revolutionize the entertainment industry worth $ 1 trillion by monetizing digital content through the creation of smart contracts to publish, own and store content from anywhere in the world. Justin Sun, the founder of TRON, has bigger plans for the crypto and to give the competitors a run for their money.

Current Statistics:

Tron Price Analysis ChartWith a market capitalization of 1,815,805,790 USD, Tron (TRX) is currently at 11th position in the top 100 cryptocurrencies by the CoinMarketCap, as on April 18, 2019, at 13:44:02 UTC. The price of TRX is recorded as $0.027 USD & 0.00000517 BTC, ROI stands at 1,223.97%, circulating supply is 66,682,072,191 TRX as against the total supply of 99,281,283,754 TRX and 24 h volume is recorded at $342,638,245 USD. It won’t be wrong to say that Tron is slowly crawling its way up and can be expected to make it to the top 10 soon & will come neck-to-neck with its rivals ETH and EOS by the end of the second quarter.

Comparison:

When we compare the current price with the past 20 – 25 days, the crypto has shown an upward trend of 17%. The market capital, as on March 20, 2019, at 05:34:02 UTC was recorded at 1,540,377,603. The price of TRX was trading at 0.023 USD, and 24 h volume was recorded at 162,865,487 USD. In the past seven days, the currency recorded a high of 0.027 USD, and the lowest reached 0.02556 USD. TRX has been showing a consistent movement so forth and will continue to grow in the days to come. The recent integration of Tether (USDT), a USD-backed stablecoin, has raised the game for TRX and will contribute to increasing the price and popularity of the coin among users, enthusiasts, and organizations. This will also bring in more stability to the platform and increased trust in its vision.

Prediction:

The recent announcement by Tron’s CEO Justin Sun on TRX being accepted for booking through Travala.com is good news. Globally, an increasing number of travel websites are accepting TRX as a mode of payment, and this certainly increases the demand manifolds. The active and engaging social presence of Justin Sun is another factor contributing to the popularity of the crypto. TRX can be traded through popular global exchanges including BitKAN. By the end of 2019, TRX will be priced between 0.4 USD – 0.6 USD and five years down the line, TRX can be expected to grow as much as 5 USD given recent partnerships and technological innovations. Features including cost reduction, high scalability, user experience, consistent reliability in transactions will contribute to the overall success.

 

Ads
Tags

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Event Information
Event Information
Back to top button
Close