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:

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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.
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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.

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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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