Technical Analysis

Tron Price Analysis: TRON (TRX) saw a slight increase at the early hours of 12th July 2019

After the recent tweets by the President, Donald Trump, showing his disappoint towards anything else which is not money, it seems that Justin Sun, Founder of TRON, wishes to change his mind for cryptocurrencies. He invited the President to attend the lunch on July 25th with the leaders of crypto that might help change his mind.

Well, only time will tell if that will be a possibility.

https://twitter.com/justinsuntron/status/1149509741883772928

Latest Statistics of TRON

  • Return on Investment: 1271.66%
  • Total supply/Circulating Supply: 99,281,283,754 TRX/ 66,682,072,191 TRX
  • 24 Hour Volume: 617,982,339 USD
  • Market Cap: 1,876,164,052 USD
  • 7 Day high/low: 0.035523 USD / 0.027225 USD

TRX to USD Price Comparison

As per the price analysis of the last 5 days, the TRX price was initially trading above the baseline on 8th July at 08:30 UTC. Next day, the value dropped by 5.51% on 9th July at 07:40 UTC trading at $0.0336. The value went further down on 10th July by 6.89% at 15:00 UTC with price trading at $0.031318.

Yesterday, the value saw the lowest touch down in 5 days with a trading value of $0.026871, which was a drop by 14.20% at 15:55 UTC. The trading value was $0.026871, which now slightly increased by 4.8% from then.

Tron Price Prediction and Conclusion

This might be a good time for the new traders to jump in as Tron is fluctuating in the bears’ trend. ‘Buying’ more Tron coins might be a better opportunity in the market as of now. However, with recent announcements and updates, if Justin Sun can convince the President to like cryptocurrency, it might work in his favor. And you never know we might see Tron price trading around $0.07 by the end of 2019.

Elaine Evans

Elaine Evans, a crytponews expert edits crypto news-stories for our team. She has keen interest in crypto-exchanges and advices people dealing with it via her cryptocurrency blogs.

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