TRON Weekly Market Analysis: TRX Price Spikes 15% as Sentiment and Technical Scores are on an Upward Trend
- By Pierre-Alexandre
May 27th, 2019
TRON Founder Justin Sun has created suspense in the crypto community saying that something huge is coming in the Tron platform on June 1.
1. TRON Price Surge as Justin Sun Makes an Announcement
2. Top Recent News
3. TRON Market Analysis Using Omenics’ Sentscore
TRON (TRX) one of the most popular crypto tokens is one of the best performing cryptocurrencies in the last week. Over the last one week, TRON has given nearly 15% returns to its investors, a majority of which has been contributed by today’s massive price rally.
As we can see in the charts, the TRON price remains somewhat volatile over the weekly. However, after making a weekly low on Thursday, May 23, TRON started moving northwards. But it is on today, May 27, that TRON showed a massive price surge gaining nearly 15% to hit its weekly high of $0.032.
Today’s price rally was triggered after TRON founder Justin Sun tweeted the arrival of “something huge and amazing” news for the TRON and BitTorrent community. However, Justin Sun stated that the news shall be delivered finally on the coming Saturday, June 1.
The TRON’s price surge comes just at a time when Bitcoin jumped 10% while reaching closer to the $9000 levels. The overall cryptocurrency market has added over $20 billion as Bitcoin and other altcoins start the week with a bang.
However, if you at the percentage gains, TRON has outclassed all the top 5 cryptocurrencies.
Top Recent News
- In the latest cryptocurrency rankings published by China’s CCID Group, TRON (TRX) has stood as the second among the top three cryptocurrencies. The rankings by the CCID Group are decided considering three basic factors of technology, applicability, and creativity.
TRON has got a basic-tech score of 95.6, an applicability score of 24.3, and a creativity score of 24.1. Note that all of the top three cryptocurrencies - EOS, TRON, ...