Tron Price Analysis : TRX Continue to Enjoy Bull Market

While the leading cryptocurrency bitcoin is still hovering within $11k, few major altcoins are showing a positive sign with slight growth. At present, the total market capitalization of the crypto market is  $289,137,302,201. Bitcoin SV (BSV) is leading in terms of gains with 13% growth followed by Tron (TRX). whereas, Bitcoin gold is the biggest loser with more than 6% loss.

According to coinmarketcap, Tron is currently holding a 10th position with 11.24% growth trading at $0.028189. In terms of TRX/BTC, the coin is trading at 0.00000266 BTC with 10.50%  growth. 

Currently, the Tron coin is holding market cap $1,879,686,266 with $648,145,958 24-hour volume and 66,682,072,191 TRX circulating supply. The current momentum of Tron (TRX) price is amazing. If the coin continues with the same momentum, then Tron would recover the drop soon. The market is expected to continue the bullish swing towards the major supply zone at $0.040214 and $0.040862 respectively.

According to technical indicators 

  • The Relative Strength indicator has turned bullish on the one-hour time frame which is above 70 levels. Indicating the overbought condition.
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were below the candles and showcased a bullish market.

On July 18th, Carbon, the New York-based Fintech company, expanded its support for the TRON blockchain community by enabling credit card purchases of TRC20-based tokens and other cryptocurrencies through its Fiber on-ramp product.

According to the Press release, Users can purchase via credit and debit cards through Carbon’s exchange, using a Carbon-enabled wallet, or through a dApp, and then receive their choice of TRX, BTT or TRXD stablecoin within minutes.

TRON and Carbon aim to improve blockchain and cryptocurrency’s onboarding experience. Decentralized financial products like TRXD, Fiber, and TRON’s other integrations will form the backbone of a robust ecosystem that attracts legions of users.

What’s your Tron Price Prediction for 2019? Share your views on our Facebook and Twitter Page.

Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Back to top button