Tron shows a promising future: Technical Price Analysis and Prediction 2018 by various experts
Tron(TRX) currently takes the 12th position on the top list of cryptocurrencies on Coinmarketcap. It has the potential to take over the platforms market as it possesses one of the most advanced platforms in the market. Its prices have been moving up without major fluctuations. According to tech indicators, Tron holders can expect more gains in the future. The crypto coin’s recent mainnet launch is expected to cause a surge in prices. It displayed a positive start in the quarter and continues to feature an upward trend.
Tron(TRX) Price Today
TRX is currently trading at $0.040 and has exhibited a gain of 7.68% in the past 24 hours. Its current trading volume is at $2.08 billion and is trading at a market cap of $2.6 billion. At present one TRX is equal to 0.00000606 BTC. The coin has gained by 2.47% against BTC. The prices clawed back up at a support of $0.037 after a bearish trend yesterday.
TRX’s Market Performance over Different Time Periods
TRX: Last 7 days
Support Level: $0.037
TRX: Last 30 days
Support level: $0.060
Resistance Level: $0.048
TRX: Last 90 days
Support level: $0.0631
Resistance Level: $0.0820
TRX price Prediction 2018
According to Finder, “Our panelists are optimistic about TRON, predicting the price to increase by a whopping 207% by August 1, 2018, and by 342% by the end of the year.” By December 31, 2018, Fred Schebesta predicts a low of $0.01, saying, “With TRON’s mainnet just launched, I think the price will be driven up. I don’t expect this to continue. I’m skeptical of this coin and the scandal that’s surrounded it.”
The highest prediction comes from Joseph Raczynski at $0.09, who says, “TRON is also migrating from its initial platform and, like EOS, might have some blips along the way. I think this is a crypto to watch, knowing it has potential but will be subject to swings in the next several months.” According to investingpr.com, within 5 years, TRX is expected to trade around over $1.
According to Smartereum, “analysts have predicted that the digital currency will increase to $3.75 by the end of this year. They also predicted that the price of Tron might hit the $12 mark by the end of 2019. Based on the analysis of the present value of the digital currency, they have also predicted that by 2020, the value of Tron could get to $52.91.”
According to Cryptocomes, “Recently, the TRON Foundation celebrated its Independence Day and burned one bln TRX tokens that cost $100 bln. From then on, the total amount of the emitted TRX turned 99 bln. By doing this, the Tron Foundation is trying to solve the question of the supply predictability. Now token holders know the exact number of the coins circulating out there and that is supposed to bring on investor confidence.”
TRX Recent News
- TRON [TRX] foundation launched two recent updates including BitForex trades for TRON [TRX] deposits and the second one concerned with speed of TRON network.
- Tron completed its token migration and initiated its MainNet on June 25. Keeping the safety measures in mind, the digital assets were locked by the Tron Foundation. According to Medium, 33,251,807,424 TRX (original amount is 34,251,807,524 TRX, 1 billion TRX were burnt when MainNet launch), were locked in 1000 addresses of Tron MainNet. It was done to reduce the risk of losing digital assets. In the medium post, the 1000 addresses were revealed.
TRX is the top trending coin on google. It’s value increased post migration from Ethereum virtual machine to Tron virtual machine. According to Cryptoglobalist, “any projections of TRX exponentially growing in value in the long-run have a solid basis. Once everything that the company has in its roadmap takes shape, it could easily rise to over $10. One thing is sure, Tron is highly undervalued at current prices.”
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