Can the Bulls Rescue Tron (TRX) as it Loses 4% Of Its Value?

The price of Tron has been subject to many ups and downs. Fluctuations have become the order of the day. The digital asset hasn’t been doing well on a consistent basis. Even the April 1 positive news that Bitcoin had spearheaded even though it hasn’t really a strongly positive bullish movement, didn’t help the price of Tron. This brings us to the question: Will the bulls rescue the price of Tron?

TRON (TRX) Price Today – TRX / USD

Name Price
bitcoin
Bitcoin
$10,065.46-4.08%
tron
TRON
$0.018-2.16%

Tron Price Prediction: Tron Trading at $0.023596 at Press Time

According to data given by CoinMarketCap Tron is number 11 on the list of the best cryptocurrency with an ROI of 1054.20%. CoinMarketCap also places the number of TRX in circulation at $66,68207219 with a 24-hour trading volume of $580,300,296

The price of Tron now stands at $0.023596 USD and 0.00000446 BTC. Tron is well on course improve on the Long Term.

Tron Price Prediction: Comparing the Price of Tron From the First Ten Days of January to This Day

The price of Tron began this year at a low price. However, it began to make gains which took its value up by 50%. All in the 1st 10 days of the month or January. But this momentum was lost. To this day the price of Tron has been subject to a number of fluctuations. Even on April 1, the Bitcoin and altcoin boom was ineffective for the likes of Tron. Now the value of Tron is going downward.

As of March 29, the market capitalization of Tron was $1,555,158,719. The current market capitalization is just 1.17% more than the market capitalization of what was attained in March. The price of Tron was $0.023322 on 29 March. The value of the digital asset has since grown by 1.1748 % in the past 30 days.

Tron Price Prediction: Short-term Investors Should Move In Now, Long-term Investors Should Hold Until the End of 2020

Currently, the price of Tron has been hovering around $0.023. The digital asset price is now making cuts in value after the surge experienced last week. It is predicted that the price of Tron will rise to the $0.030 position in the coming month. We can recall that the coin held this position at previous levels. But the pathway will have inconsistencies. Both for the medium and long term, the outlook for the price of Tron is bullish. It is predicted that the coin will reach as high as $0.1 by the end of this year. The value will move past $2 by 2020 end. Although investors are advised that the growth pattern for Tron won’t be immune to steep falls and rises.

Experts recommend that short term investors make their purchase right now. This might give them a minimum of at least 50% in profits for their investment in a period of one month. While long term holders may also profit the most if they can hold their investments until 2020 end. Whether Tron will be rescued by the bulls in the coming weeks depends on the price movements of BTC.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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