TRON [TRX] price prediction; TRON news today; TRON price today
TRON [TRX] has been one of the most talked about coins lately. It just finished its mainnet update, which was scheduled to take place between June 21 to June 25. Though the coin is priced at a meagre $0.0389, it has a huge potential to be a long-term investment option. The motive behind introducing the coin, which is to decentralise the internet, is a great one and this alone could take the coin to new heights.
TRON [TRX] price today
TRON [TRX] hasn’t had a great day at the markets. It’s overall loss is 5.04%, which has taken the coin’s price plummeting to $0.3689. The highlight of the day is that it has slipped below its critical support value of $0.04. This could cause the coin to slip down ever further, until it reaches its next critical support level of $0.0335.
The trading volumes, despite taking a hit at the beginning of the day, have recovered and now hold steady at $106.6 million. However, the fall in price has also affected the way it trades against Bitcoin and Ethereum. Its value against BTC has reduced by 3.25% and by 2.26% against ETH. The coin is still ranked 11 on the list of the top cryptocurrencies by market cap.
TRON [TRX] price over different time spans
TRON [TRX] price: Last 7 days
The coin started the week at a price of $0.0497 and had minor fluctuations during the first 2 days. However, the dip that started at the start of June 22nd continued till the end of June 24th. Over the course, the coin fell through one of its critical support values of $0.0475.
TRON [TRX] price: Last 30 days
It has been a slow and steady journey towards the gallows for TRON this past month. It started off at $0.0727 and has been decreasing ever since. The price crash that started on June 10 has affected the coin very much, driving its value down by 28% in a matter of 2 weeks.
— Justin Sun (@justinsuntron) June 27, 2018
How high can TRON [TRX] price go?
The highest price TRON [TRX] has ever reached is about $0.2874. This happened a long time ago during the ‘golden age’ of the cryptos. But since then, the coin has lost close to 85% of its value. But still, many crypto enthusiasts have a feeling that if the bullish markets kick in, the coin can reach a price of well over $1 by the end of 2019. If this happens, the coin can soar higher.
TRON [TRX] price prediction 2018
TRON [TRX] has recently been involved in a conflict with Ethereum [ETH]. Despite all the drama happening, TRON has managed to expand its base to 31 countries successfully.
Justin Sun, the founder said,
“Today, TRON is retaining its fearless energy but adds a much-needed groundedness with the debut of its technology.”
Though TRON [TRX] is in the news almost every single day, this hasn’t caused the price to go up whatsoever. This is because Bitcoin hasn’t been able to break the bearish trends, and it’s the same case with TRON. But if the bullish markets kick in, the coin can finish the year anywhere between $0.25 to $0.3. If that doesn’t happen, the coin would stay under $0.1.
TRON [TRX] price prediction 2020
TRON, being ranked 11 according to market capitalisation, is one of the most favoured cryptocurrencies in countries like China, Singapore, South Korea, etc. It has a huge following on Twitter and other social media sites, and the community supporting it is huge.
Considering all the possible outcomes, TRON price can reach between $2.2 and $2.6 by the end of 2020. In that case, TRON will be one of the best long-term investment options alongside Ripple [XRP], Cardano [ADA], Stellar [XLM] and IOTA [MIOTA].
TRON [TRX] news today
- Tron (TRX) just completed its token migration and is finally Independent. While it’s looking forward to some good days, the pornography industry showed interest in Tron and Pornhub would be accepting the cryptocurrency as the payment option.
- TRON [TRX]‘s mainnet was launched by TRON Independence Group yesterday based on community consensus and has been running smoothly since then. TRON [TRX] community will hold the first Super Representative Election and based on the votes. The will elect 27 representatives.
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