(TRX) Tron Worst Affected In Market Collapse

Having burst onto the scene last year, Tron has been one of the fastest rising cryptocurrencies in the markets. (TRX) Tron started off as a currency which would boost entertainment and content related platforms and has expanded to become a major force in the crypto markets! The currency has been one of the most trusted names in the trade. However, as crypto markets, in general, were in collapse, Tron was one of the worst affected currencies. Let us take a closer look at Tron's performance over the past week, the past 24 hours, as well as where it is heading:

(TRX) Tron Price Over The Past 24 Hours

The price of Tron, over the past 24 hours, has fallen by almost 15% as the currency started the day with a price of $0.041 and a market cap of $2.72 Billion. However, the opening price was the highest point of the day as the currency was on a continuous decline since there, closing the day at a low of $0.034 and a market cap of $2.27 Billion – losing almost $500 Million in a day! It was a rough day for Tron (TRX) investors.

(TRX) Tron Price Over The Past 7 Days

The past seven days have been very mercurial and unpredictable for Tron prices. The currency started the week at $0.046  – peaked at $0.049 and then crashed to $0.034 to close the week. Tron's market cap at the beginning of this week was $3.145 Billion – which fell to $2.27 Billion by the time the week came to a close!

(TRX) Tron Price Expectations

(TRX) Tron Price Expectations (Image: Tradingview)

Tron has had a rough week and most market experts believe there's more bad news to follow. Tron price is likely to collapse even more till it finally finds a support. However, the only thing working out in the favour of the currency at the moment is the fact that the Tron Testnet has just been launched, which is likely to lead a number of bullish investors towards the currency, especially at a time when the prices are so low and they can buy the currency in bulk! 

For more TRX 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. 

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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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