Tron Price

Read everything about the Tron Price.

Follow the Tron price in euro

The above given widget shows the overall performance of the Tron price for the past 24 hours in the form of an interactive chart. The displayed prices are for 24 hours, because crypto trading never stops. You can see the current price of Tron in the top left corner.

Traditional stock exchanges, are only active during weekdays in fixed business hours and are closed on the weekends. Tron, on the other side, never stops trading throughout the week, month and year, just like all other cryptocurrencies.

Further, you can examine the performance of the Tron value over the period of past seven days (7D), thirty days (30D), since the start of this year (YTD) and since its first listing (by clicking on option ALL). The chart also shows the exchange rate of Tron in euros including all trading fees, which can be viewed at the bottom above chart.

TRX price in euros and dollars

The chart below provides the data about the overall performance of Tron during the past week and month. You have access to the details related to the market capitalization and you can also see the highest and lowest price throughout the day. The prices are displayed in dollars and euros as well.

If you want to switch between euros and dollars, you have to click on EUR and USD.

Note: The above displayed prices for Tron may vary a few cents (dollars or euros) as compared to the prices presented in the chart at the top of the page, because the data is provided by the two different suppliers.

The history of Tron’s price

Tron is a blockchain project and was launched in 2017 by The Tron Foundation under the lead of marketing guru Justin Sun.

The first listing of Tron was at the price of $0.002 on 13 September 2017 and the price started to rise instantly. This was because of the general bullish trend on the market at that time and TRX was becoming very popular due to the marketing strategy of Justin Sun. The TRX token entered the top 10 cryptocurrency by market cap very fast after the first listing.

On 5 January 2018 the Tron price blew up to $0.30 and reached its all-time high. However, the price corrected in the same month to $0.04. After that, there was a small spike in May 2018, but most of the time the Tron price went down.

In 2019 Tron has seen many ups and downs over the year. In January, the overall market cap of Tron was almost $1.6 billion. After this, during the entire year the fate of Tron became obscure, because some authors saw it as a disordered cryptocurrency.

At the beginning of 2020, an increase of the Tron price was observed, which can be a good sign for 2020. The price is showing rapid fluctuations like every other crypto in the market. After the announcement of an updated version of Tron, which is going to launch on 7 July, the Tron price has seen an uprise to 5%.

In 2018 the CEO of Tron, Justin Sun acquired BitTorrent for $120 million. In the first week of January, Tron announced a major partnership with famous gaming source Game.com, where clients can buy virtual pets using TRX.

In 2019, Tron partnered with prominent companies like Tether, Oracle and CoinGate. Moreover in the end of 2019, Tron acquired the big Poloniex exchange and made TRX a base and native currency on the platform. In March 2020 Metal Pay joined hands with Tron, which will make the TRX token accessible to send money instantly. Tron also partnered with Samsung Galaxy Store and MeconCash.

Since the beginning, despite the overall performance, Tron has been a victim of criticism and accused of being a scam. However, the recent report of Flipside Crypto states that the Tron is more real than the other 90% of blockchains they have checked. This report will be a positive message for all the non believers.

Tron historical prices

The table below shows the historic Tron prices over the past week.

How is the Tron price established?

The Tron price determination is following the same criteria which applies on the stock exchange. So just like every asset, the Tron price depend upon the balance between supply and demand. In fact both buyers and sellers set the Tron price by bidding on each other. If the number of buyers is greater than the sellers, then the price will rise. On the other hand, if there are more sellers than buyers, the Tron price will drop.

Other than the relationship of supply and demand, some other factors can also affect the Tron price. Like, the critical statements of the famous tech-people about cryptocurrencies can influence the Tron value. As cryptocurrencies are a new market, trading manipulation and controversial news has a big impact on the price as well. It means that the everyday news can influence the price in a negative or in a positive way.

Tron price prediction

It is obvious that no one can predict the future value of Tron, so we are not sure about the market price of Tron in the near future. As the Tron price is very volatile, it is not easy to predict whether the price will rise or fall.

Though, Tron is among the most popular cryptocurrencies for 2020, but this is not the guarantee for the future value of TRX. Also, Justin Sun does a great job at marketing the token and investors can profit from that. He bought a $4.6 million meal with Warren Buffett, for example.

An important development for the Tron value is the integration of Tron with Samsung, which will play a central role in its adoption rate. Moreover, its partnership with Bitforex can open the way for Tron being the market player in 2020.

What do you need to take into account with the Tron price?

Just like other cryptocurrencies, the Tron price is volatile and shows rapid ups and downs. So it is not good for traditional traders who are used to classic stocks. In past trends we can see the rapid fluctuations in the price. This can happen because one prominent player can affect the price with with just one order.

Make sure you never spend more money than you are willing to lose. The crypto market is very risky and you can lose your money very fast.

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