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The uncertainty of Bitcoin Cash has triggered a drastic storm against the encrypted market. Most cryptocurrencies trade in red with most of the losses exposed above 10%. The rally of the bear that has lasted for over 24 hours has canceled almost $ 30 billion according to Coinmarketcap. The bitcoin is the most affected since it has exceeded $ 6000, a key support level and currently trades around $ 5400, reaching a new annual low. Tron [TRX] it has lost over $ 200 million in market value since the bear's storm hit the market.
TRX / USD
Tron [TRX] prices are fast approaching the year low of 0.01738. Poor pressure from the buyer can be identified in the market, but the currency can be seen gradually devaluing it in value. The currency broke its critical mark at $ 0.019. The last level of support is at $ 0.018. The MACD indicates a bearish momentum for the currency. The 100 EMA line at $ 0.0214 shows a downward trend. TRX is trading hands at $ 0.0185 and is dropping against USD by 14.09%.
TRX / BTC
The virtual asset is losing against 2.01% BTC. At the time of writing, a TRX is equivalent to 0.00000334 BTC.
TRON [TRX] Price forecast 2018, 2020
• According to Wallet Investor, the token will probably be valued at $ 0.002093 in one year. However, cryptography is expected to start trading in 2020 at a value of $ 0.0486.
• Smartereum has predicted that by December the value of the digital asset will rise to $ 3.75. By the end of next year, its price will probably reach $ 12 and by 2020, the currency should trade at $ 52.91.
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