In the world of cryptocurrencies, change is always permanent.. While newly released coins make a splash, the coins that are familiar to our eyes can suddenly go into free fall. If we look at TRON, it would not be wrong to say that the week we left behind has not gone well.. The price of the coin, which was $0.08 at the time of writing, has dropped to $0.76 during the day.
TRON Has Difficulty Finding Stability
If you bought TRON at the record 0.26band, this week probably didn’t go well for you. Although signs of a decline in the coin began to appear almost 1 week ago, many of the people who invested in the coin thought that this decline would be temporary and would protect the price of TRON in one way or another.. However, these changes can be experienced very quickly in the crypto money world, and this is exactly the situation in TRON.. TRON has lost almost more than 50% of its value in the past week, but a minor rebound still seems possible at the time of this writing.
To take a deeper look, TRON prices are Several moves have been made recently to curb its steady decline.. The main goal here was to keep TRON between 0.1125 and 0.10, but the market resisted these and the decline continued.. The transaction volume, which was 16.5 billion dollars at the beginning of the week, has decreased to 5.73 billion dollars as of now.
Since a stable level seems quite far for now, Forecasts for the future state of the TRON price really do not go beyond predictions.. Although TRON, which saw the bottom with $0.0677 this week, shows signs of recovery slowly, one should not rely too much on them.. It is very difficult to say with confidence that the price will rise to $0.10 again.. Price corrections during the bear season may continue to hit the market, including TRON.
At the same time, the decrease in TRON’s daily trading volume is not overlooked.. As of today, the volume of 1,090,930,000 may still look nice, but when we compare the company’s chart for the last two weeks, the value is quite low.. Could this drop mean the end of the TRON rush, of course, but according to some altcoin lovers, this is just a correction before the big rise.
more than 70%of TRON trade in the market Binance it’s not hard to know who controls the job. Coinnest follows the stock market, where $660 milliontrade has taken place in the last 24 hours.. It can’t even come close to these two exchanges with other exchanges.
Especially in the short term, it is very difficult to make an estimation about TRON’s fee or to base it on it.. It would not be wrong to say that things are going worse for TRON compared to the situation last month, but one of the basic rules in the crypto money market is that the course of business can change very quickly.. Fixes and spikes are in the nature of every cryptocurrency, but it is possible to say that this process was slow for TRON and he could not find the upgrade he expected.. But of course, things may change in the future.
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