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Tron (TRX) Price Analysis: Opera Crypto Wallet Supports Tron; Medium-term Bullish Outlook At $0.5

Written By 
May 16, 2019
trx price analysis - 16 May trx price analysis - 16 May
  • Opera browser has added Tron coin in its crypto wallet for Android users.
  • The value will go to half a dollar by the end of 2019.

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    Recently the major web browser Opera has added the support for Tron (TRX) and TRC-standard tokens in its crypto wallet. This crypto wallet was created last year along with Web 3.0 capabilities which were made available for the android browsers. As per the recent addition, millions of Tron users will be able to use Tron coin for gaming purposes and accessing dApps. It should be noted that the crypto wallet of Opera now supports many major cryptocurrencies. This development will have a short term bullish impact on the TRX price chart. The 2019 prediction goes with 0.5 USD. We need to look at the current figures and a growing trend to understand the future course.

    Current TRX coin Statistics-

    Tron Price Chart

    • Tron (TRX) is the 11th largest coin in the global market.
    • The ROI (Return on Investment) of Tron stands at 1498.72%.
    • A total of 66,682,072,191 TRX coins are in current circulation.
    • The current market cap as on 16th May at 02:24 UTC stands at 2,183,962,752 USD.
    • The value of each coin is 0.032752 USD and 0.00000397 BTC.
    • The 24h volume at the same UTC stands at 1,278,931,812 USD.

    Comparison-

    The TRX coin value has been subject to many steep price variations. The lowest point of Tron TRX was the value it started the year with which was 0.019 USD. The highest point for Tron is the current value at 0.032 USD. Between these two figures, the path has seen many ups and downs. The market cap on 16th April was 1,767,921,356 USD, and the value of each coin was 0.026513 USD and 0.00000524 BTC. The current market cap and the value of each coin in USD are 23.53% more than the figures for last month.

    Tron Price Prediction –

    As mentioned earlier, the coin is on fire right now. The current bullish trend is to continue for some time. The next resistance will be faced at 0.05 USD and 0.06 USD. According to TRON Forecast, by the end of 2019, the value should rest at 0.5 USD. Somewhere in September Tron will reach the 0.1 USD point.

    Conclusion-

    Looking at the current trend, buying fresh coin is advised. The biggest gainer will be the one who can hold the coins for a longer period. There are high chances of price variations, so investors should invest without panicking.

Scott CookbyScott Cook
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