Tron to Rise to Top Seven as the Foundation Plans To Start a Buyback of Tron (TRX) Tokens

Tron (TRX) is currently benefiting from the bullish waves in the crypto market. Yesterday, when other digital currencies were correcting lower, the price of Tron (TRX) was on the rise. The bulls pushed the price of Tron significantly higher and it took over the position of Stellar Lumens. Tron market cap rose yesterday to claim the 10th position on the list of top digital currencies in the market. At the press time, the digital currency is still holding that position. Most of the coins in the market are now recovering from the slight dip, and Tron (TRX) price is not showing any sign of correcting lower. Bitcoin (BTC) has been at the forefront of this rally. At the press time, the BTC USD live price is $11,300 after an increase of about five percent over the past day.

The trend put by Tron over the past day is pretty fascinating. TRX USD price is up by about 15 percent over the past week. The digital currency looks set to break more records as there is more bullish Tron news today to trigger the next massive rally. One of the bullish Tron news is the buying back of tokens or coins by the Tron Foundation.

Tron Foundation Set to Begin the Buyback of Tron Tokens – Cryptocurrency Market Update – Tron Price Prediction 2019

According to a recent tweet, the Tron Foundation is about to start the buyback of Tron tokens. Buying back tokens or coins is one of the best ways to support the price of that token. This is exactly what Tron wants to do; the firm wants to support the price of Tron (TRX). Tron (TRX) is currently the 10th largest digital currency in the world by market cap. According to a report, the firm is looking to buyback Tron (TRX) tokens worth $20 million. If this happens, the price of Tron (TRX) will have a great boost, and it might push it into the top seven digital currencies in the world by market cap.

The buyback of Tron tokens by the Foundation would greatly benefit a lot of digital asset investors all over the world. It would also result in the entrance and return of many digital asset investors in the crypto market. Other bullish Tron news that would significantly boost the price of Tron are the forthcoming Tron summit, which would take place in Seoul South Korea and BitTorrent speed beta, which would launch this week.

Tron Price Analysis – Tron USD Price – Tron Price Prediction – Tron Price Forecast – Cryptocurrency News Today – Tron News Today

The majority of altcoins in the market are following the footstep of Bitcoin (BTC). As the price of Bitcoin (BTC) is growing substantially, most altcoins in the market are following suit. Tron (TRX) is one of the best performers over the past week. The price of Tron (TRX) registered a double-figure gain yesterday and over the past week. At the press time, TRX USD price is supported at the $0.03500 mark. On the upside, the immediate hurdle of the coin is the $0.0400 mark.

TRON (TRX) Price Today – TRX / USD

Name Price
bitcoin
Bitcoin
$10,050.24-3.15%
tron
TRON
$0.018-1.31%

At the time of writing, the price of Tron (TRX) is $0.0039302 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $2.62 billion. The trading volume of Tron (TRX) over the past twenty-four hours is $1 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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