Tron Trx News Today – In the cryptocurrency industry, rapid surges in price are typically followed by price corrections. The extent of the price correction typically depends on the extent or the surge as well as the variables behind it. The price of Tron Trx surged significantly against the USD a few days ago according to our Tron Trx news and Tron Trx price prediction at the time. A few months ago, the founder of Tron, Justin Sun predicted that the price of Tron will surge significantly overtaking Cardano and reclaiming its position as the 10th largest cryptocurrency per market capitalization. At the time, Justin Sun did not predict that the rise will be followed by a dump that would take Tron to the 12th position on CoinMarketCap.
Tron Trx News Today – Tron Trx Price Prediction – Tron Trx Price Crashes – What’s Next For Tron Trx
When the price of Tron Trx started to surge against the USD and Bitcoin, a Tron Trx price analysis on CryptoNewz anticipated that the price of Tron will hit $0.04 near-term and continue to surge higher against the USD and BTC. Unfortunately, this didn’t happen. Even if the price of Tron Trx was up against the USD by more than 19%, it faced strong resistance that prevented it from surging higher and dragged the price down. The current price action of Tron Trx proves that investors still don’t trust Tron’s Justin Sun. Irrespective of all the positive developments that have been on the Tron Trx news recently, people still aren’t seeing Tron Trx as a long-term investment option.
Even if the Tron Trx token has crashed to the 12th position, it is important to note that the ROI still stands at 1500%. It’s also vital to note that before the price of Tron surged above Cardano and took the 10th position, it had maintained the 11th position for months. The last bull run must have been related to the exciting June 1st updates that Justin Sun announced on Twitter. He simply said that something was going to happen without stating what that was. Does the price drop mean it’s over for Tron? Not exactly.
TRON (TRX) Price Today – TRX / USD
Tron is still a promising project. The activities on the Tron dApp network grows every single day. Justin Sun’s dream is for Tron and BitTorrent to become the largest decentralized networks in the world. He also intends to take over Ethereum as the foremost decentralised computer in the world. With time, his vision for Tron may be realized.
Tron News Today – Tron Trx Price Prediction 2019 – Tron Trx Price Update – Current Price Of Tron Trx
At the time of writing, the price of Tron Trx was $0.033365. It is down by 2.85% against the USD and down by 2.40% against the price of BTC. The trading volume over a 24 hour period is $1,015,202,477 and the market capitalization is $2,224,824,591. The next few trading sessions will determine if the price action will change. Bitcoin is also not doing so well against the USD. It has been relatively stable for the past few trading sessions while altcoins rallied. This is why traders are calling this period altcoin session.
What do you think about the Tron Trx price prediction in our Tron news today? Share your thoughts about the price of Tron Trx 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.