Tron has been experiencing one of the most extravagant roller coasters in terms of price among the top 20 cryptocurrencies this couple of weeks. Not only did we see TRX rach new heights yesterday, but also saw it plummet right back where it began.
Currently, the price of TRX is $0.024 per piece with a market cap of nearly $1.66 billion. But what’s very surprising is that yesterday on this very moment in time, TRX was trading for $0.026 a piece with a market cap of $1.76 billion.
It is now common knowledge that TRX was nothing but a lucky bystander of the BTC bandwagon. The moment the wagon stopped, the passengers started pouring down, and TRX was one of them.
There’s still hope
There’s still hope for TRX however, as the Parabolic SAR is showing the signs of a bullish market, and there’s nothing like a cheap coin in the top 20 list for these investors.
Already do we see the formed price increase on the chart compared to yesterday evening’s slope. Within a single day, Tron surprised us all and managed to dive back up from $0.023 to $0.024 within hours.
The sentiment about TRX around the market is growing ever stronger as investors are nominating $0.03 as the target resistance point. Should Tron surpass this price range, it is expected to see it continue until the end of 2020.
And based on the already existing “good intentions” for the crypto market in 2020, it may be safe to say that TRX is well on its way to maybe one day being worth 10 cents once again.