TRX has been trying to regain its momentum from the past few days. Tron had a bad time like other coins in the ongoing crypto market volatility, but now with some positivity in the market, Tron has managed to recover, and the chart shows the price in the range of $0.0171 – $0.0180.
Current Statistics of Tron:
As on August 21, 2019, at 5:35:21 UTC, current statistics are as below:
- The current market price of Tron coin is $0.016978
- The Market Cap is around $1,135,802,508
- 24-hour volume is at $466,837,594
- ROI is at 730.38%
- Circulating supply is at 66,682,072,191TRX
TRX to USD Price Comparison:
Tron price chart shows that the coin is trying to gain back amidst crypto market volatility. From a high of $0.018085 on Aug 20, TRX price fell to $0.017162 in eight hours to the extent of 4.99%. In a matter of an hour, Tron price rallied to $0.01780176 to the extent of 3.63%. However, in the next four hours, TRX coin price again fell to $0.01735. Then on, the price of TRX coin had picked up momentum and rallied to $0.01768 to the extent of 1.88%. Today the Tron price is trading at $0.01697, which is lower by around 4%.
Tron Price Prediction & Conclusion:
Though the bears had been ruling the crypto market and putting pressure on coins, the past few days have given some respite to investors. Tron has been trying to consolidate its position and should come out of the current bearish trend. Analysts expect the potential of Tron to overcome the bears.
Investors should consider investing for the long-term at the current price. Short-term and day investors can gain if the market shows more upward trend and stability.
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.