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Price Analysis of TRON (TRX) - Will Tron Become a Competitor Ethereum?
Price Analysis of TRON (TRX) - Will Tron Become a Competitor Ethereum?

TRON or (TRX) began its life as an Ethereum-based ERC-20 token, it was first traded in the Binance market. However, from May 31 to 2018, this token is then sent to its main network. Blockchain TRON has established itself as a competitor to Ethereum this year. The founder of Tron, Justin Sun has asked developers to launch a large-scale tron-based application on its network. Tron foundation recently also announced the expansion of "Sun Network" which plans to increase Tron's productivity by presenting Sidecain dApp and interoperable cross-chain highlights.

Let's understand the analysis of coin prices :

Now it has become a coin ranked 11 in the coinmarketcap:

- The market value of coins is $ 1,916,158,848 USD.

- Current coin price is $ 0.028736 USD.

- The 24 hour volume number is $ 761,466,240 USD.

- 66,682,072,191 TRX is currently circulating.

- Return on investment greater than 1300%.

Comparison :

On April 9-2019 the price of coins was worth 0.29736 USD. Seeing the price of coins from April 9 to 2019 to date, there has been a decline in the price of coins by 4 percent. The price of the coin has seen several ups and downs since January, with a sharp rise in prices on April 9-19.

Prediction of TRON 2019 Prices :

Looking at the current scenario, at the end of this year the price of coins can rise to% 0.633, and by the end of next year, it can reach $ 1. The bullish trend is expected to continue for Tron and is currently one of the best performing currencies.

Conclusion :

TRX is required to see some expansion later this month because financial specialists see the rally at the end of this month. TRON prices rise for the long term and certainly a good investment for a period of 5 years.