Tron Surges by 24%: $TRX Weekly Price Analysis

Tron ($TRX) has been in the headlines because of its significant growth last week. $TRX surged by 23.55% in the previous 7 days and is currently trading at $0.166. Tron ($TRX) is the native token of Tron Network, a decentralized virtual machine provider platform. As compared to the other top 10 crypto assets, $TRX is the significant cryptocurrency that has remained bullish throughout the week since the launch of SunPump.

Statistical Analysis of Tron ($TRX)

At the time of press, $TRX is trading at $0.166 with a market cap of $14,396,104,421, which is also up by 4.05%. Speaking of weekly price analysis, $TRX was standing at $0.1343 last Sunday and since then seems bullish as it didn’t fall to the support level. Tron’s current circulating supply is 86,849,988,899 $TRX showing exceptional growth since last Sunday and surging continuously.

Tron ($TRX), trading in the top 10 cryptocurrencies, spiked by 23.55% during the last 7 days because of the revenue generated by SunPump. If we look at the other crypto assets, $TRX seems bullish as it moved in the green throughout the week and still moving in the upward direction. It is for the first time during the last couple of years that $TRX has touched $0.16 and still showing potential to break the records.

Price Prediction of $TRX

7 years ago, $TRX showed an all-time high (ATH) of $0.3004 on the 5th of January 2018 and since then its price value has been fluctuating around $0.1. But now, $TRX has become the part of top 10 cryptocurrencies and showing dynamic growth.

Based on the previous performance, it is more likely that $TRX will surpass $0.2 in the coming couple of weeks and might have its previous ATH price of $0.3 next month. This price prediction is based on the $TRX recent performance, social chatter and the views of the crypto experts. You are advised to do complete research before investing in the crypto assets. However, Tron’s recent growth and bullish movement marks it as a valuable asset for trading. With a couple of weeks in green, $TRX is expected to maintain the legacy and show significant growth in the coming time and can be a valuable crypto asset in the coming time.

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