Tron (TRX) May Rise By 250% According To Latest Bullish Tron (TRX) Price Analysis

Tron (TRX) news has been a combination of positive and negative as is normal with many other projects. The Tron Trx price action has also been on a rollercoaster ride. When the Tron dApp weekly report revealed that the Tron blockchain had more activity that Ethereum and EOS for that week, the price of Tron was bullish amid a market correction. It recorded double digit gains at the time. Right now, the Tron Trx price prediction is no longer bullish short-term but this doesn’t mean that the price of Tron isn’t going to increase. The latest Tron price analysis reveals that the price of Tron will still go up even if there are no visible bullish signs on the chart.

Tron Trx Price Prediction – Tron Trx News Today – Tron Price Will Go Up

Tron Trx traders from tradingview have offered Tron Trx price predictions that you may find interesting. They didn’t just predict how high the price of Tron Trx will go by the end of April. They predicted how high it would be by the end of the year. One trader said that the price of Tron Trx will spike by 250% even if Tron Trx is current stuck in the same channel since the beginning of the year. The sideways trend has prevented Tron from gaining fast against the USD but it is going to end soon.

TRON (TRX) Price Today – TRX / USD

NamePrice
bitcoin
Bitcoin
$8,100.54-1.72%
tron
TRON
$0.017-1.99%

Another user suggested that the current price of Tron Trx presents the perfect buying opportunity for traders who want to profit long-term. Also, there have been some speculations that Tron Trx will become a part of CoinPlay soon. When this happens, the price of Tron will start rising against the USD. It would finally break the stagnation. Let’s not forget that Tron has been getting a lot of attention in the dApp space. It is now the choice network for gambling related apps. App developers who want to build gambling related dApps now prefer to build on Tron instead of Ethereum. The total number of gambling related dApps that are being created daily is increasing and the Tron blockchain is benefiting from it.

Tron Trx Price Prediction – Tron Trx News Today – Trx News Today

If the Tron Trx price prediction comes to pass and the price of Tron increases by 250%, this means that each token would sell at $0.80. This is expected to happen before the end of the year. At the time of writing, the price of Tron Trx was $0.026536. This means that it is down by 2.18% against the USD and down by 0.69% against the price of BTC. The trading volume over a 24 hour period is $334,220,613 and the market capitalization is $1,769,494,594.

While the Tron network is promising and there is a high chance that it will grow by 280%, the issue of over regulation is still a challenge to the growth of Tron and the TRX token. Even if the SEC released a guidance regarding cryptocurrency assets last month, it didn’t contain enough information to put the community at ease. Some people who are interested in Tron are waiting for the SEC to take a firm stance and decide how they intend to regulate tokens whether they are securities or not.

What do you think? Will the Tron Trx price prediction in the Tron news today happen? Share your thoughts about the TRX news in the comment section.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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