During the weekend, the TRX Tron news was bearish. Tron Trx, just like virtually every other cryptocurrency in the market, was deep in red against the USD. The Tron Trx news has been full of positive developments and amazing Tron Trx price predictions. However, the price of Tron Trx was unable to gather enough momentum to reclaim the 10th position on CoinMarketCap. In the afternoon yesterday, the price of cryptocurrencies started recovering against the USD. This includes the price of Tron. The bullish pressure continued until this morning and the TRX token was able to recover some of the gains it lost during the weekend.
Tron News Today – Tron Trx News Today – Tron Price Prediction – Bullish Tron Momentum Isn’t Convincing Enough
The fact that the price of Tron was able to gather some momentum against the USD was encouraging but the momentum wasn’t enough and it has started falling lower now. However, keep in mind that it is not an unusual thing for the price of altcoins to be outperformed by the price of Bitcoin. In some cases, when it is altcoin season, coins like Tron rule the market. For the last few weeks, Bitcoin has been king. During bearish waves, the price of Bitcoin retains more gains while the price of altcoins plummet. During bullish waves. The price of Bitcoin records significant gains while the price of altcoins record minimal gains.
At the time of writing, the price of Tron was $0.025158. This means that it is down by 0.64% against the USD and down by 5.03% against the price of BTC. The trading volume over a 24 hour period is $435,064,721 and the market capitalization is $1,677,589,370. Traders are worried about the current Tron to BTC price action as it is not encouraging at all. The price of Tron was initially higher by over 1% against the USD but that has changed now. Ever since the price of Tron broke the 600 Satoshi level against the USD, it has been declining consistently. It has already moved below 450 Satoshi and will most likely move lower before the end of today’s trading according to the Tron price analysis on NulLTX Crypto.
Tron News Today – Tron Trx News Today – Tron Foundation Makes Progress Even If The Price Of TRX Is Struggling
Within the Tron ecosystem, a lot of good things have been happening lately. The block height for Tron moved passed 8.6 million which is a significant milestone. There is also a consistent growth on the dApp platform that has increased the total number of transactions on the Tron network. This is also a sign that the network is growing. A post from
@TRONSCAN_ORG was as follows;
“According to the latest data from #TRONSCAN, block height of TRON has exceeded 8.6 million on April 23. TRON ecosystem has developed rapidly and continues to make efforts to build the #decentralized internet. #TRON $TRX @Tronfoundation @justinsuntron.”
Even if these developments are good for the long-term future of Tron, it is not currently influencing the price of the TRX token. Members of the Tron community are confident that the blockchain is here to stay. However, short-term traders are worried about the current price of Tron and hoping for a comeback soon.
What do you think about the Tron Trx news today? Why are the developments on the Tron network not affecting the current price of Tron? What is your Tron price prediction 2019? Share your thoughts in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
