TRON (TRX) Price Analysis: TRX One of the Top Trading Cryptocurrencies with Less than -10% of Dips for the Week

TRON (TRX) alongside Bitcoin Satoshi Vision (BSV) is the only crypto in the top ten list marking less than -10% of losses during the course of the last seven days. The dips are still going rough on the market, while price cuts are becoming more obvious from day to day. The top market of the ten trading cryptocurrencies is once again seen in a massive dip, while the entire last week was marked with bear trends, only providing a brief relief on Sunday when the cryptos suddenly spiked. Bitcoin SV is two times in a row the top gaining cryptocurrency of the top 20 cryptos, while TRX managed to join the list of top ten trading digital assets, that way going above Cardano (ADA) and Monero (XMR) with Litecoin (LTC) ranked as the 9th top cryptocurrency.   At the same time, the majority of the top ten trading cryptos have gone down with the dips to take over -20% of losses while BCH even went down by -33%, becoming a top losing crypto. What can we expect from TRX by the end of 2018 and the beginning of 2019, and will TRX manage to keep its spot among the top ten traders of the cryptocurrency market?

What Can We Expect From TRX by the End of 2018 and the Beginning of 2019?

TRON is “easily” one of the top rising cryptocurrencies on the list of top ten traders despite the fact that the crypto lost over -43% of its value during the course of the last month, which matches the period of November dips that took over -50% of the total market capitalization of all cryptocurrencies. TRX has a major shot to progress even further up the list as the asset is marking over 150% of gains on its year to date chart, while toppers like Ethereum and Bitcoin are marking major losses on their YTD. Moreover, TRX is one of the rare top trading cryptos acquiring positive return in the course of the last two weeks, with 10% of gains in the last 14 days, which might provide the needed price resistance for TRX in the upcoming weeks.

TRON (TRX) Price Today – TRX / USD

Name Price24H (%)
Bitcoin (BTC)
$8,775.57
0.19%
TRON (TRX)
$0.019610
2.58%

In the course of the last seven days, TRX is marking -6% of lost value, while you can easily notice that the rest of the top trading currencies on the list of top twenty is going down approximately from -11% to 25%. At this point, holders will probably get to see more significant rises in oppose to the 10% of gains in the course of the last two weeks, implying that the price of TRX may even double by the beginning of 2019 driven by the latest announcements on the progress of TRX foundation. In the meanwhile, TRON foundation is working on multiple projects that focus on the development of the network as the greatest decentralized platform that Justin Sun is hoping to create while leading the revolution called Web 3.0. In the meanwhile, TRON foundation is working on attracting Dapp developers from EOS (EOS) and Ethereum (ETH) network, hoping to have more devs using TVM for Dapp development.  
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.