TRX Price Analysis March 2022

TRX is a coin of platform TRON. Its current price is around $0.05979 by the time of writing, with a low of $0.04682 in 2021, and has a market cap of 6 billion dollars.

What is TRON?

TRON is a decentralized platform that relies on blockchain technology. Users of the Tron network use TRX to pay the content creators to access their applications directly. Content creators do not pay a transaction fee to Tron. Justin Sun founded it in 2017, and the currency used on the Tron network is TRX.

Tron aims to provide entertainment to the world to encourage people to move away from broadcast and towards the more cost-effective sharing of digital content. TRON MainNet provides unlimited scalability with low resource consumption, high security, and customisable features.

What is TRX?

TRX is the coin of the TRON platform, which is around $0.05979 by the time of writing, with a low of $0.04682 in 2021. Its current ranking is #25 according to CoinMarketCap, with a market cap of 6 billion dollars.

TRX reached a high of $0.1799, with a low of $0.04682. WalletInvestor believes that Tron is a good investment that offers the potential to grow over time.

TRX Coin Market Analysis 

TRX has a max supply of 101,727,998,644 coins worth around $0.05979 with a market volume of 741 million dollars, whereas the market capitalisation is 6 billion dollars at writing. 

TRX Price Prediction

On the 1D timeframe, TRX is currently trading in a downtrend. Additionally, the price of TRX has been declining since its peak, and currently, it is at support, making inverse cup and handle patterns.

≪Strong≫Trx Price Analysis March 2022≪/Strong≫

The price has broken out from the breakout channel and could show a bullish move in the future.

≪Strong≫Trx Price Analysis March 2022≪/Strong≫

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Pratyaksh