Tron Price Prediction: Tron (TRX) Looking To End The Year Strong. Friday, October 5th
Tron Price Prediction; Tron Looking To End The Year Strong
Like most cryptocurrencies, Tron has had a rough year. Since its all-time high early on in the year, the coin has lost over 80% of its value. However, this hasn’t deterred investors from buying the coin, and finally, it seems it is paying off. The coin Is also looking stronger by the day and seems poised to end the year on a high. When the coin dropped to 0.00000259 on August 16, 2018, many investors took this opportunity to buy at the least price and stand to gain the most when prices picked up a bullish momentum. This might be that time, but many still believe more is to come
Tron’s Bullish Pattern
Although in terms of numbers Tron has been suffering, in terms of development, 2018 remains its best year so far. The project has successfully moved from the Ethereum blockchain to its mainnet, forged numerous partnerships and acquired several companies like BitTorrent. The most recent announcement came a few days ago when Tron’s team said they would use BitTorrent’s protocol to make Tron’s blockchain faster and more efficient.
In the last 24 hours, the coin has added over 5% in value and is trading at $0.022790. Looking back at the last seven days, the coin is just shy of going past its best performance of $0.022940. The coin’s best performance in the last month is $0.025760, and if the coin can go past this resistance level, it could set it up for an even more outstanding price surge. The coin’s all-time high is $0.25791, an incredible performance it achieved at the beginning of the year.
Tron aims at revolutionizing the entertainment industry, in particular, how creators distribute their content to consumers. The entertainment industry is valued at over $1 trillion and if the project is as successful as it looks on paper, the reward will be handsome.
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