TRON (TRX) Price Analysis: Will TRON Regain Its Lost Glory?

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TRON(TRX) is a decentralized blockchain based network that focuses mainly on the internet and global free content and entertainment services. Entertainment services like streaming, storing and publishing of content over the internet form the crux of TRON (TRX). The network specializes in offering large scale scalability and consistently capable of processing transactions at a high rate via high-throughput computing.

Current Statistics:

TRON Price chart

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As on May 04, 2019 at 13:34:01 UTC, the market price of TRX is 0.024003 USD. Price is down by -0.41 % from the last closing price. Currently, the market cap is around 1.59 billion USD, 24 h volume is at 0.74 billion USD and ROI is a whopping 1064.74%. TRON is currently ranked eleven in the cryptocurrency world.  In the last 24 hours, the highest price was 0.024651 USD, and the lowest price was 0.023628 USD. As on April 04, 2019 at 17:34:02 UTC, the price was 0.026195 USD. There has been a downturn in price compared to last month to the tune of 8.14%. The 2018 market crash affected TRON also, but now the coin is slowly coming back to the pavilion.

Predictions – 2019:

TRON has garnered much popularity over a short time period. One major reason has been the successful transition from Ethereum blockchain and becoming an independent blockchain. It has created great collaborations with big names in the entertainment world. Tron is a future-oriented coin backed by strong technology. It is one of the best performing coins in the crypto market, has the potential and quality to expand far and wide. In 2019, TRON is expected to experience a huge upgrade in security and privacy. Launch of its mainnet later this year is being awaited with great anticipation, and this could help the price to surge ahead.

Experts call it the future of entertainment and advise that this is the right to invest as the market is slowly showing an upward trend. TRON coin price is expected to go up in the coming months. They predict the price rise would be around 0.3 USD in one year. Recently, Justin Sun, founder of TRON, labeled TRON as the “Ethereum killer” as TRON Dapps were dominating the crypto marketplace.  This coin has one of the best returns on investments in the crypto market. Higher the return, the higher the risk associated. This coin is not for the meek-hearted investors but will garner great returns shortly.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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