Tron Price Momentum Looks Promising Expect Another 20% Gain
Tron’s price is firmly above $0.02 again, which will undoubtedly please a lot of investors. There are plenty of interesting developments worth keeping an eye on in the cryptocurrency industry. While most people hardly look beyond the top 3 ranked by market cap, the entire industry is showing various signs of life.
Tron Price Momentum Looks Promising
Considering how Bitcoin is 10 years old this year, it seems the world’s leading cryptocurrency will be the center of focus first and foremost. It is evident the coming days and weeks will prove to be crucial for both Bitcoin as well as all altcoins on the market today. Whereas 2019 seemingly got off to a decent start, some of that momentum has begun to wane.
There is also a 4.5% increase in the TRX/BTC ratio, which means one TRX is valued at 534 Satoshi right now. Both of these trends show promise for the future, assuming the momentum can be sustained in the coming hours and days. In the case of Tron, the current uptrend is minimal but still pretty interesting. There is a net 3.5% gain in USD value, pushing the Tron price to $0.0206.
Bitrue, a relatively well-known cryptocurrency exchange, has confirmed it will enable a TRX/XRP trading pair. According to the company, the trading pair most of its users wanted to see on the platform. It will be interesting to see how this will affect the value of both assets in the future. One major development in the cryptocurrency industry will impact both TRX and XRP alike.
Again! Already available are BTC, USDT, ETH, BCH, ETC, GTO, GUSD, KNC, LINK, LTC, PAX, QKC, TUSD, WAN, WTC, ZRX pairs with $XRP!💕💕💕
— Bitrue (@BitrueOfficial) January 2, 2019
Superman Bitcoin is looking closely at the price chart and hopes to see TRX hit at least 660 Satoshi. That would represent another 20% increase compared to its current BTC value, which is not entirely impossible to be achieved whatsoever. Holders and enthusiasts are not hiding their bullish Tron price expectations either.
— 👓SUPERMAN BITCOIN👓 (@eromci) January 4, 2019
21 Million Club currently owns 74,812 TRX, albeit one has to wonder how wise it is to share that information on social media. What is somewhat bothersome is how some cryptocurrency users are more than willing to make their TRX holdings public knowledge. Although no damage can be done by doing so, it will undoubtedly attract attention from people with less than honest intentions as well.
— 21 Million Club (@21miIIionclub) January 4, 2019
There is still a lot of room for both improvements and retracements alike, which is always something to be wary of. So far, Tron generated a relatively high trading volume of nearly $120M. Only time will tell if that is sufficient to sustain this Tron price uptrend for long. It would appear things are looking pretty good for the Tron price right now.