Tron has been one of the most lucrative names in the world of cryptocurrencies, attracting millions of users to invest into the platform. Tron's promise of offering a better platform for distributing and monetizing content is quite unique and one of a kind offering. Tron is the 14th largest cryptocurrency by market cap, with a market cap of $2.26 Billion. Let us take a closet look at how the currency has performed lately and where it is headed.
(TRX) Tron Price Over The Past 24 Hours
Tron price over the past 24 hours has witnessed a fall of 6.79%. The currency began the day at $0.037, peaked at $0.038 but fell by $0.003 to close the day at $0.034. Tron's market cap at its peak was $2.5 Billion today while it hit $2.20 Billion at its lowest point of the day. The currency managed to close the day with a market cap of $2.26 Billion.
(TRX) Tron Price Over The Past Week
The past week hasn't really been exciting for Tron investors as the currency's price experienced quite a fall. Tron price at the beginning of the week was $0.0473, peaked at $0.0486 but it was all a downhill ride from there. The currency eventually hit rock-bottom at a price of $0.0311 mid-week from where it closed the week at $0.034.
(TRX) Tron Price Update
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Tron (TRX) Price Expectations: Image - TradingView[/caption]
While Tron prices are expected to take a couple of more hits along the way, overall it appears that there will soon be a positive-trend forming as these price drops will allow market bulls to rush into the markets and help lift the prices to a high of as much as a 100% recovery over the next two to three weeks. Tron looks like it would make a good short-term hold.
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: 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.