Tron TRX Price Momentum Looks Promising

Tron TRX Price Momentum Looks Promising

There are plenty of interesting developments worth keeping an eye on in the crypto industry. While most people hardly look beyond the top 3 ranked by market capitalization, the entire industry is showing various signs of life. In the case of Tron TRX, its price is firmly above $0.02 again, which will undoubtedly please a lot of investors. "Tron TRX Price Momentum Looks Promising"

Tron TRX Price Momentum Looks Promising

It is evident the coming days and weeks will prove to be crucial for both Bitcoin BTC as well as all alternative cryptocurrency on the market today. Whereas 2019 seemingly got off to a decent start, some of that price momentum has begun to wane. Considering how Bitcoin BTC is 10 years old this year, it seems the world’s leading cryptocurrency will be the center of focus first and foremost.

In the case of Tron TRX, 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. There is also a 4.5% increase in the TRX/BTC ratio, which means one Tron TRX is valued at 534 Satoshi right now. Both of these trends show promise for the crypto future, assuming the momentum can be sustained in the coming hours and days.

One major development in the crypto industry will impact both Tron TRX and Ripple XRP alike. Bitrue, a relatively well-known cryptocurrency exchange, has confirmed it will enable a TRX/XRP trading pair in exchange platform. This was, 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.

Holders and enthusiasts are not hiding their bullish TRX price expectations either. Superman Bitcoin is looking closely at the price chart and hopes to see Tron hit at least 660 Satoshi. That would represent another 20% increase compared to its current Bitcoin value, which is not entirely impossible to be achieved whatsoever.

What is somewhat bothersome is how some cryptocurrency users are more than willing to make their Tron 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 currently owns 74,812 Tron, albeit one has to wonder how wise it is to share that information on social media.

For the time being, it would appear things are looking pretty good for the TRX price right now. There is still a lot of room for both improvements and retracements alike, which is always something to be wary of. So far, Tron TRX generated a relatively high trading volume of nearly $120m. Only time will tell if that is sufficient to sustain this Tron TRX price uptrend for long.

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