TRX Price Could Jump 15% By the End of this May Week

TRX Price Could Jump 15% By the End of this May Week

Key Takeaways:

  • The TRX price ended the previous day’s trade at INR 5.41 with a market capitalization of INR 687 Cr and a circulating supply of 1,01,61,06,58,681 TRX
  • The asset could continue ranging high, aiming for a minimum of a 12% uptrend by the end of the present week’s trade

Tron Price Analysis:  Will TRX Price May Hit INR 10 This Week of May?

Tron price faced multiple spikes during April’s trade but also was constantly rejected each time. However, after recording a bearish monthly close, the asset jumped drastically with the beginning of May’s trade. The asset ranged high by more than 15% during the first day of May and presently relaxing a bit. 

The asset appears to have absorbed the bullish momentum and after a brief consolidation may resume the uptrend at the earliest. With the next leg up, the price may surge beyond INR 6 initially, and further maintaining the uptrend could continue to head towards a double-digit figure soon. However, the price may face some rejections, yet may hover around INR 10 by the end of May’s trade

Tron Price Prediction: TRX Price Trend Comparison with XTZ (Last 30 Days)

Source: Tradingview

Tron and Tezos are popular competitors within the crypto space. Despite the beginning of April’s trade was pretty bearish but while TRX sustained the consolidation and flipped hard, XTZ maintained a strong descending trend. The TRX price after a heavy drop from 26.25%, flipped from the lows around -4.5% and currently swinging around +!6%. 

On the other hand, the XTZ maintained a significant descending trend by facing multiple rejections. At the press time, the XTZ price after getting rejected from -0.78% to as low as -22.12%.

Correlation of TRX/USDT and TRX/BTC (Last 30 Days)

Source: Tradingview

Tron with both the trading pairs ignited April’s trade on a bearish note. And due to this, the price remained consolidated throughout the month. However, a couple of spikes were nullified to some extent, but the bullish momentum prevailed. Therefore. TRX in both the trading pairs is ranging towards the north.

The TRX/USDT after falling from 9.21% to -17.93%, flipped and after a couple of rejections is hovering close to the average levels at +0.25%. On the other hand, the TRX/BTC pair also displayed a similar trend but maintained a significant distance from the USDT pair. The pair flipped from the lows at +1.36% and is currently at +24.32%.

Check out the Latest Prices, Charts, and Data of  TRX/USDT.

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Near Protocol(NEAR) INR 976.08 +13.96%
Fantom(FTM) INR 64.51 +13.46%
Tron(TRX) INR 5.78% +13.17%
Harmony(ONE) INR 6.79 +10.74%

Top Losers

Crypto Price* 7-Day Percentage Change
ApeCoin(APE) INR 1338.79 -13.35%
Monero(XMR) INR 17,342.27 =3.08%
Kyber Network(KNC) INR 376.87 =1.26%
Cosmos(ATOM) INR 1,475.36 -1.40%

*Prices are of 02 May 2022 at the time of writing the article

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
JasmyCoin(JASMY) INR 1.53
Audius(AUDIO) INR 70.95
Waves(WAVES) INR 1078.76
Mina (MINA) INR 146.91

*Prices are of 02 May 2022 at the time of writing the article 

Download CoinDCX App, India’s safest and simplest crypto exchange. 

Read recent price predictions on:

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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