By Hassan Mehmood (Saudi Arabia)
Tron Price Analysis:
Tron (TRX) has claims that they have healing power for internet by proliferating free content and data globally. The project of Tron (TRX) is long-term that began with Edodus in 2017 and will end in 2023 with Eternity. Another intention of Tron team is to decentralize the game industry through Blockchain technology.
Tron (TRX) News:
Tron established “BitTorrent” for faster downloading application:
https://twitter.com/TronNews_/status/1148675405500563456
Opera browser proclaimed big news yesterday:
Just in: we've begun testing @Tronfoundation and @Bitcoin support in the beta version of the Opera browser for Android. Learn more here: https://t.co/izsu63Nflm
— Opera (@opera) July 10, 2019
Transactions of TRX has impacted to remarkable position, CEO of Tron tweeted recently:
According to @TRONSCAN_ORG, transactions of #TRC20 based #USDT have exceeded 520k, with 0 transaction fee and faster speed, #TRC20 based #USDT will solve the problems of congestion and high transaction fee of Omni #USDT. #TRON #TRX $TRX pic.twitter.com/SYfzBs6Oq0
— H.E. Justin Sun
(@justinsuntron) July 11, 2019
Tron Price Statistical Data:
The market rank of Tron (TRX) is #10, a top position on Coin Market cap.
The 24 hour volume of token is $750,550,811 USD and 64,255 BTC respectively. The Market Cap of Tron is $1,900,320,527 USD and 162,688 BTC.
Also read:The circulating supply is 66,682,072,191 TRX and total supply is 99,281,283,754 TRX.
Price value of Tron (TRX) is $0.028498 USD and 0.00000244 BTC.
Tron Price Comparison:
The price of Tron (TRX) is at its downcast position of whole week. The value of TRX on July 4, 2019 was $0.032 USD which surged to $0.035 USD at the highest position of week. The 9-day MA break the 30-day MA which means that bearish trend is in control.
Tron (TRX) Price Prediction:
The forecast scenario indicating a behavior that bearish trend will remain dominant over the market of Tron (TRX). Its value may shrink from $0.0286 USD to $ 0.0163 USD and expected change will be -43.113%.
- The respective support levels are $0.03066, $0.0292 and $ 0.0273 USD.
- The respective resistance levels are $ 0.0340, $0.0360 and 0.0374 USD.
Conclusion:
The trend line is moving in the direction of downward direction representing down-trend of Tron (TRX).
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