Tron Price Analysis And Prediction: Time To Make The Best Of The Last Two Months Of 2018. Sunday, October 28th
Tron Price Analysis And Prediction, Time To Make The Best Of The Last Two Months Of 2018
Justin Sun, the founder of Tron, has ensured that the Tron project is one of the most active projects. Not a week passes without hearing a new development within the project or at the very least, Justin Sun giving praise and making predictions over the project. All these have ensured Tron’s TRX a number 11 ranking in the crypto market.
In addition to the rise in ranking, the coin has climbed from an initial valuation of $0.002050 to hit highs of $0.25 with a market cap of over $16 billion at the beginning of 2018.
These numbers have however dropped in recent months, with prices at the time of writing this bouncing around $0.023529 and the market cap currently hovering just over $1.5 billion.
But, this number should not fool anyone that the year has been a failure for the project. In fact, this is arguably the project’s biggest year yet. The year 2018 has seen the Tron project get into several partnerships, launch some of the most impressive and promising products, and make developments to its project. Recently, we reported that the project was partnering with an “industry giant” which turned out to be Baidu. At the time, this led to a price pump that saw the coin soar. According to Justin Sun, the work he and his team is up to guarantees Tron’s TRX a top ten ranking in the next 6 months.
As the year nears the end, many are expecting the coin to end at a high. Although it is unlikely it will hit highs seen at the beginning of the year, around $0.09 would be a comfortable position. The last time the coin achieved this position was back at the beginning of May. This position would see the market cap climb above $5 billion and ensure there is a bullish momentum going into 2019.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
XRP Leads Market Recovery, Surges By 11% And Leaves Ethereum ETH In The Wind
Can EOS Stay Up And Maintain The Fourth Position Ranking?
Dogecoin Drops Below Range, Is It Still Worth Holding In 2019?
Stellar XLM Drops By 10% Recording New Year Low As The Market Wipes Out Over $6 Billion
IOTA’s Slowdown Sees It Slip Behind In Ranking
XRP Market Cap Could Be Overvalued By $6 Billion
You need to login to create comments.