Tron Price Analysis: Tron (TRX) Takes Flight Attacking $0.07

Tron is presently holding the number ten position amongst the leading digital currencies in the world based on market cap, and the market cap of the digital currency is over $ 4 billion. The digital currency has been in the limelight after its implausible performance and lined up development events for this year. The value of Tron increased to trade above the $0.10 towards the ending of April.

The Effort of the Company to Increase the Value of the Coin

The digital currency gave in to bearish pressure in the crypto market, stripping it of the gains it made in last month. The launch of Tron Mainnet is scheduled for 31st of May 2018. Moreover, the Tron team has said that the platform is prepared to migrate from Ethereum blockchain to Tron blockchain.

SEE ALSO:   TRON price predictions 2018: The cryptocurrency is increasing in value consistently - USD / TRON price analysis (TRX / TRON Price Today) Tron Coin News -Tron Price Prediction -Sat Jun 23

This firm has been known to reward its investors and users with valuable items such as Tron tokens. In December last year, Tron in collaboration with Binance Exchange promised the Tron community a Mercedes Benz and Maserati. The CEO – Justin Sun, also announced that the firm will be giving away a home. But further details of these promises will be released during the Mainnet launch a few weeks from now.

The Current Value of Tron

At the time of writing, the digital currency is trading at $0.066, although its trading value was over $0.072 during the Asian trading hours. The value of the Tron against the US dollar declined below the $0.070 mark, but it was supported by the 50-day simple moving average and the 100-day simple moving average.

SEE ALSO:   Ripple (XRP) Price Analysis: The Struggle is Real Between the Ripple (XRP) and USD Trading Pair But the Bulls May Triumph And Cross the $0.5640 Mark (Ripple News Today, June 22)

On the upside, bulls are considering attacking the $0.074 mark before gathering momentum to move towards the $0.08 mark. The present support level for the digital currency is at $0.068. Nevertheless, there are other support target zones of the cryptocurrency, including zones at $0.066 and $0.064.

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Bitcoin (BTC) Price Analysis: The Bears Seem to Have Gained Momentum Leaving Bitcoin (BTC) Investors Discouraged (Bitcoin News Today, June 22)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!