Tron, has been a cryptocurrency which has been very popular in the modern day market scenario. Despite having been in the markets for a very short time, Tron has propelled its way forward and currently ranks in at #12 on the list of the top cryptocurrencies by market cap. Let us take a closer look at the Tron price and Tron market cap performance over the past few days - as well as a quick look at where the currency is heading. 

The past 24 hours have been good for Tron investors. The currency showed a positive trend. However, the growth over the day was just that of 1%. Tron prices opened the day at $0.0366 - and closed the day at $0.037. However, for a brief period of time during the day, TRX peaked to a high of $0.0381 - but it didn’t sustain that momentum. The lowest point of the day came at $0.0362. Tron’s market cap at the close of the day was $2.43 Billion.

Over the week, Tron prices showed a stable growth trend as the currency went from $0.034 to $0.037 over the week - a growth of almost 10% over the week. Tron prices peaked mid-week when the price hit $0.047 momentarily. Tron market cap went from $2.25 Billion to $2.43 Billion over the week.

From this point on, it is expected that the price of Tron will be on a slow rise for the next few days at least. A bull flag formation can be seen on the graph above. The rising blue lines indicate the direction in which the currency is expected to move forward. This is a good time to invest in Tron as a positive growth is in sight for the short-term as well as the mid-term investors. 

The currency runs on the Tron Network, which has an open-source global protocol for the digital entertainment industry. Tron started off in September 2017 and has been around the markets for about a little over six months now. However, in this short while, the currency has really impressed the markets.

For more Tron price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.  

Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions - which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice. 

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