TRON (TRX) appears to run in a depreciation loop without breaking the barriers for some long time now. Is TRON (TRX) going to the Moon?
TRON (TRX) price trends
At the moment of this review, TRON (TRX) is trading at $0.045 after it closed on February 2nd at $0.040.
TRON (TRX) is depreciating day-by-day since January 20th. Even more, the coin ranged from $0.08 to $0.06 in mid-January, following a loop-like pattern, just to fall further at $0.04 3 days ago.
Unfortunately, it got stuck at around $0.04 for 3 consecutive days now without showing a sign of recovery.
TRON (TRX) is a penny crypto coin – Why this matters?
We all heard those stories with people who bought Bitcoin (BTC) when one was a few cents and now are millionaires just because they kept their coins and sold them when the BTC was huge.
The same story goes for Ethereum (ETH).
However, there are people who would like to mimic that and to score profits of millions of USD by only investing a few.
TRON (TRX) is a penny crypto coin, which means it is below 1 dollar in value.
Imagine this scenario. You buy 1000 TRON (TRX) coins now, at $0.045 per coin, which means you’ll invest $45. The coin will be trading at $1 in few months. This means you’ll score a profit of $950.
Even better, in 1 year maybe the coin will value $10 and you held you coins untouched, resulting in $9550 in profit for you.
That’s why penny crypto coins are important for investors. Because they might go to the moon sooner or later and bring big profits.
Is TRON (TRX) going to the Moon?
According to some recent news, TRON (TRX) will be listed on Huobi exchange, which is one of the world’s leaders in digital assets exchanging networks and a top 5 exchange in terms of transactions’ value.
This deal is good news as the TRON (TRX) might really go up a few points.
However, not this kind of uptrend we’re looking for, right?
Well, if interested in the long-term price for TRON (TRX), then you should know that some crypto coins market analysts predict that, by the end of 2020 one TRON (TRX) will be traded at above $5. Imagine 8 years from now!