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Tron Price Analysis: TRX Price shows a downfall of 6% in the last week

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Tron was seen maintaining its price range from the last two days. The traders were quite apprehensive for the TRX coin as it has given positive results in the past. We were hopeful that the coin wouldn’t fall anymore. The future prospects of the coin were also guessed to be positive.

TRX to USD Price Comparison:

The chart is taken from TradingView on 13th August 2019 at 05:18:44 UTC.

Tron Price Prediction
Tron Price Chart by TradingView

Above chart is reflecting fall in Tron price. Starting from 07th August, the TRX coin kept a moderate approach for the day and hence didn’t change a bit. On 8th August, the Tron price escalated by 1.32%. The price counters changed from $0.021 to $0.022. On 9th August, the price of the TRX coin dropped from $0.0220292 to $0.020059 by 9.20%. The coin recovered on 10th August. Tron price switched from $0.020059 to $0.0206 by 3.16%. The escalation continued from $0.020693 to $0.020793 by 0.55%. Yesterday, the coin slipped by 0.27% from $0.020793 to $0.20736.

Current Statistics of Tron:

  • Tron price is trading around 0.020400 USD.
  • The ROI stands at 890.8%.
  • The circulation supply has 66,682,072,191 TRX, whereas the total supply stands at 99,281,283,754 TRX.
  • The 24-hour volume is noted as 441,510,811 USD.
  • The market cap is at 1,355,470,903 USD.

Tron Price Prediction and Conclusion:

TRX price has slipped from the last week once again. The same reflects that the traders have lost hope from the coin and hence making their way out. However, Tron Ecosystem is continuously trying to implement new strategies to increase the popularity of the coin. We are sure that the brains behind the coin would find a way to the traders’ heart.

Source:cryptonewsz

Tron

TRX/USD Technical Analysis: The long term picture is not as bearish as bitcoin

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  • Tron was also not immune to the crypto price drop today as it trades 6.65% lower.
  • The chart has not broken major lows as of yet with the next major support at 0.01174.

TRX/USD Daily Chart

Looking at the technicals for TRON on the daily chart it doesn’t seem as bearish as Bitcoin.

Bitcoin and some of the other major crypto’s are making new wave loves.

There are two key support levels that are keeping TRON from being that bearish.

The first is at 0.01174 and the second is at 0.01110 which is from 19th November 2018.

It will be interesting if 0.01500 holds today later on the session on the daily candle close.

TRON analysis

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Tron and Justin Sun step up the crypto game with the launch of Nile Test Network

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Tron has launched several testnets developed by its community since the firm has always claimed its users give the best feedback to the blockchain that way.

Tron has been known for its developments and updates regularly, and its CEO Justin Sun has been the spearhead in reaching out to the masses. Keeping with its trend, the Foundation recently announced the launch of the Nile Test Network made by the Tron community on the TRX blockchain. The official tweet from the Tron Foundation read:

The Nile Test Network’s public Full Node is at 47.252.19.181, 47.252.3.238, while the test network’s browser can be found at http://18.190.104.70:9000/. Following the release of this news, a majority of the community was thrilled at Tron’s inclusivity programs. Tron has launched several testnets developed by its community since the firm has always claimed its users give the best feedback to the blockchain that way.

The Justin Sun led company has also asserted several times that as the number of developments goes up, the value of the cryptocurrency will proportionately go up too.

At press time, however, the entire cryptocurrency market was amid a price pullback after the bear attacked the market midweek. As Bitcoin fell, the rest of the cryptocurrency market followed suit, including Tron. The cryptocurrency was trading for $0.017, with a total market cap of $1.13 billion. TRX’s market volume had fallen to $1.13 billion, coincidentally the same amount as the market cap.

The Nile Network comes on the back of several other testnets on the Tron blockchain, with the Sun Network being a significant example. The Sun Network works as a second-tier solution for the Tron network with the potential for covering a more substantial amount of transactions than the current blockchain. During the launch of that particular testnet, Justin Sun had tweeted:

“SunNetwork Testnet Has Officially Launched. The overall solution of SunNetwork will provide unlimited scaling capacity for TRON MainNet, bringing in more possibilities to development of TRON’s DApps and entire ecosystem.”

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Tron CEO Justin Sun Announces ‘Merry Giveaway’ on OKEx – 2 Mln USDT-Tron

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After the USDT-Tron giveaway on Poloniex, Tron is working with the OKEx team to let users win two million TRX20-based USDT .

On his official Twitter page, the Tron founder Justin Sun has announced the launch of another Tron-based USDT giveaway. This one is taking place in collaboration with the OKEx team and is offering users a chance to grab some of the USDT-Tron allocated for this.

The second consecutive TRX giveaway campaign

The similar thing that Tron conducted previously occurred on Poloniex where TRX trading had been recently launched. The giveaway amount on Poloniex totaled 25,000 USDT-Tron. The event was called ‘TRX Hurricane’ and it was a Net Deposit promotion.

The event took place from November 11 to November 18. To participate, Poloniex users needed to deposit TRX. The winners would get APR (annualized interest rate) awards – 20%-60% – and get prizes of 25,000 USDT-Tron.

This time, users will be able to get up to 33% ARP rewards on their TRX deposits, as well as prizes of 2 mln Tron-USDT. The new TRX campaign is taking part in three rounds.👉MUST READ

The Nile Test Network launch

On Wednesday, the Tron community started the trials of the Nile Network. Its code is compatible with the Tron mainnet. No other details have been released yet.

Justin Sun teases another Tron’s acquisition

Recently, the company’s chief executive Justin Sun posted a tweet saying that another acquisition had been made for the Tron network. He promised more details later but none have been released so far.

The previous big acquisition made by Tron was the BitTorrent giant back in the summer 2018.

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