CryptocurrencyPrice Analysis

Tron Price Analysis: TRX Value may Drop further from $0.0152 Mark

Tron price is hovering at the mark of $0.0152 with a change of -2.95% in twenty-four hours. Besides the token has slightly corrected itself on the 2nd Sep but it again plummeted down and there is a chance that it may drop further in the upcoming days.

Tron News:

Justin Sun the founder of Tron says that dApp review of July 2019 shows that 545 dApps were present on the Tron platform. In his tweet, he says:

Check out the summary of #TRON #DApp data 2018-2019. According to @dapp_review, as of July 2019, there were 545 #DApps on TRON. And #TRON is the mainstream public chain with the most new #DApps, fastest #DApp growth rate, most active users, and most active new users. #TRX $TRX.

Statistical Data of Tron

  • The market cap of the TRX is standing at $1,014,545,144 USD out of the total market capitalization of Cryptocurrency.
  • $409,713,682 USD is the 24-hour volume of the coin.
  • Circulation supply of the token is 66,682,072,191 TRX while the total supply of Tron is 99,281,283,754 TRX.

Price Value of Tron

At the time of writing, the price value of TRX is $0.015219 USD and 0.00000144 BTC by a change of -2.95% in 24-hours.

Tron Price Comparison

Tron has again moved down in the bearish trend besides a slight correction. According to the three-month chart comparison of the Tron price value of TRX was trading at $0.030 on 20th July 2019 then it decreased down and stopped at the mark of $0.0158. The value of the token plummeted down by -34.18% during the period of three weeks. The lowest value in the duration of past three-months was $0.0152 which is the current value of TRX. The price of the coin flew down by the percentage of -49.33, according to the latest three-month chart. The comparison chart is presented below:

Source: Trading View

Tron Price Prediction

TRX trend line behavior has been in the downward direction. Although the coin showed a slight recovery as it touched the mark of $0.0162 on 2nd Sep 2019 but it has again come down to $0.0152. So we can forecast on the basis of our technical analysis that it may drop further from this mark.

Conclusion

Apart from a little correction, the price of TRX has moved again in the bearish and there is a chance that the value of the coin goes further in the downward direction.

Hassan Mehmood

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has got a degree in journalism.

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