Tron [TRX] Is the Best Performing Major Cryptocurrency This Week As Price Continues to Surge

2018-11-29 17:24

The market has been recovering this week but has started to slow with mixed performances among cryptocurrencies. However, Tron continues to perform strongly and is the best performer in the top 20 for the second consecutive day. Tron has increased 8.5% over the past seven days while most major cryptocurrencies are recording losses.

The price of Tron spiked yesterday from around $0.12 to close just below $0.15. The price rise continues today with price currently trading around $0.155 after forming an intraday high above $0.17. There has been significant volume driving the increases over the past two days showing significant strength behind the moves.

There are a number of possible factors driving the increase. The Tron platform recently upgraded its software which may be factoring into the price rise. BitTorrent Pro also recently started supporting payments in Tron which could be further driving the price rise. Tron acquired BitTorrent Inc earlier in the year.

The momentum is strongly behind the buyers with both the RSI and MACD increasing. The MACD is currently crossing its signal line to the upside a bullish signal. While price is currently retracing from its intraday highs, support may come into play at $0.15 which is an area of important trading activity.

Tron Daily Chart – Source: Tradingview.com Key Takeaways: Tron is the best performing altcoin over the past seven days with most major cryptocurrencies recording losses over this time period. Tron continues to increase today with large amounts of volume driving the appreciation. Both the RSI and MACD are increasing showing strong buyer momentum. Price is retracing from intraday highs today but may meet support at $0.15 which has been an area of significant trading activity. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Tron [TRX] Is the Best Performing Major Cryptocurrency This Week As Price Continues to Surge was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

origin »

BestChain (BEST) на Currencies.ru

$ 0.00193006 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 999999
Доступно / Всего 0 BEST

tron week price continues best cryptocurrency major

Источник: blokt.com

tron week → Результатов: 106


CEO Of Tron Hints New Partnership, TRX Coin Price Pump Present Again

In a recent News BTC report, it was noted that the crypto market has lost yet another USD$20 billion in its total market capitalization last week. As witnessed via statistical data, Bitcoin’s and Ethereum’s value remained the same more or less, while altcoins found themselves in a fluctuating situation. By the weekend, most of the […]

2018-10-15 08:50


Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS

Justin Sun, CEO of eleventh-ranked cryptocurrency TRON, took to Twitter this week to lay down some big claims for his platform’s latest ‘Odyssey 3.1′ update. The new upgrade has been promised to drastically reduce transaction costs to 1 percent of EOS’ current fees, while ramping up TRON’s network speeds to 200 times faster than leading… The post Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS appeared first on UNHASHED.

2018-10-10 22:38


дальше еще 57 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Forms Major CME Gap In Volatile Weekend Price Action, Analysts Discuss

Although Bitcoin (BTC) managed to recover most of its losses over the weekend after tumbling as low as $78,258 on February 28, the premier cryptocurrency has created a massive new Chicago Mercantile Exchange (CME) gap, raising concerns that the digital asset may witness another pullback to the low $80,000 level. Bitcoin Not Out Of The […]

Bitcoin Tumbles to $92k as Geopolitical Headwinds Roil Markets

Bitcoin fell 4. 72% over the weekend and another 3. 50% during Monday’s Asian session as tensions driven by Trump’s tariffs have investors derisking their positions. Over the weekend, China responded to Trump’s tariffs by indicating interest in imposing tariffs on US goods, while Canada imposed a 25% tariff on CA$155 billion worth of US goods.

Crypto Whale Offloads 10,070 Ethereum – Is ETH Losing Its Appeal?

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […] The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.

Weekly Price Analysis: Prices Decline on Risk-Off Sentiments

Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.