Tron (TRX) was one of the top currencies in the crypto market. Currently, Monero is ranked at Tron’s position by replacing it. The brains behind Tron coin are continuously making an effort to increase the popularity of the coin. We are quite positive that Tron price would gain back the momentum and start the rally soon.
- TRX coin drops to $0.021 again.
- The day could be a sore one, for the intraday traders.
Current Statistics of Tron:
- Tron coin is currently trading at $0.021700.
- The ROI is noted as 957.77%.
- The coin is ranked at the 12th position in the crypto market.
- The market capitalization is marked as $1,446,823,910.
- The 24hr volume is noted as $432,529,711.
- The circulating supply has 66,682,072,191 TRX.
Let’s have a look at the price chart of Tron.
TRX to USD Price Comparison:
The chart is taken from TradingView as on 07th August 2019 at 01:07:11 UTC.
The above 5-day chart is reflecting a pick and drop in the price of the coin. The month started with a downtrend. Tron coin marked its first regression of 1.78% in the said time frame, from $0.024 to $0.022. Later, the coin again fell from $0.022 to $0.021 by 1.89%. Day 3 and day 4 booked an upsurge. On Day 3, the price counters changed from $0.0216 to $0.0219 by 1.39%. Day 4, the coin brought an escalation of 2.71% as it jumped from $0.0219 to $0.022. Day 5, the coin touched $0.023. The price counters changed from $0.0225 to $0.0228 by 1.75%. Yesterday, the coin dropped from $0.022 to $0.021 by 5.16%. Today, the TRX coin started trading at $0.021.
Tron Price Prediction and Conclusion:
We are quite positive about the coin’s future and so in the coming years, it will trade with greater price marks. By the end of 2019, the trx price is likely to reach $0.060.
The coin would be a great investment avenue for a long-term investment plan. The investors should plan to dig in for long-term and book profits.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.