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ThecoinrepublicCryptocurrencyTron (TRX) Price Analysis: A Lunch With...
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Tron (TRX) Price Analysis: A Lunch With The Billionaire Investor Provided 14% gain for CEO Justin Sun

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  • A successful charity dinner with billionaire investor Mr. Warren Buffet helped TRX to build a bullish momentum and the overall gain of 14%.
  • The lunch resulted in investors pouring around $185 million into the market.

Finally, Tron(TRX) founder and CEO Justin Sun banqueted with the billionaire investor Warren Buffet after rescheduling the lunch for medical reasons in July 2019.

TRX
Source: Tradingview

We can say that to have lunch with the Warren Buffet, you need to have millions in your wallet. The opportunity caused Justin Sun to pay $4.57 million by winning a Warren Buffet’s annual charity auction.

The effect of this lunch can easily be seen in charts of Tron as the price, market capitalization, and volume traded boosted up. According to Coin360, the market capitalization is around $1,506,748,743 and the 24H volume traded is $596,521,259. TRX is currently trading at a price of around $0.022587.

However, Mr. Buffet seemed unconvinced and felt that bitcoin still needs a lot of work to capture the value of blockchain.

Technical Aspects 

The RSI is around 70 levels and indicates that TRX can further capitalize on this bullish movement. The CCI saw a negative divergence from the overbought zone which favors the bulls

Resistance Level: $0.030

Support level: $0.018

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
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