Tron (TRX), the price of the cryptocurrency stands on the podium
Tron (TRX), the price of the cryptocurrency stands on the podium

Tron (TRX), the price of the cryptocurrency stands on the podium

By Federico Izzi - 15 Jan 2019

Chevron down

In an attempt to leave the worst week of the last month behind, the colour green prevails for the second consecutive day.

tron trx price

Among the Top 20 is the price of the cryptocurrency Tron (TRX), keeping firm the highest place on the podium for the best daily performance, rising by more than 6% from yesterday morning levels.

For now, there is no news to explain this rise in the price of Tron, but the partnerships that the team is making and the fact that TRX is increasingly used as a cryptocurrency, are certainly affecting the market.

In addition to the price of the Tron (TRX) cryptocurrency, Ethereum (ETH), EOS, Litecoin (LTC) and Cardano (ADA) are also doing well, climbing with the same intensity, trying to get away from the dangerous supports touched over the weekend. Only QuarkChain (QKC) in 84th place and Augur (REP) in 42nd place performed better, both raising more than 27% from the levels of the beginning of the week.

More than 90% of the 2108 digital currencies listed on Coinmarketcap are in positive territory, with average increases between 3 and 5%.

Volumes also continue to rise, returning to over $17 billion a day, after having reached its lowest point in the last two months over the weekend.

Total capitalisation is once again trying to surpass $125 billion, after losing what it slowly accumulated during the New Year’s week.

As the competition for the second place between Ripple (XRP) and Ethereum (ETH) continues, bitcoin consolidates its market share above 52%.

tron trx price

Bitcoin (BTC)

Yesterday afternoon’s shot saw bitcoin recover prices by more than 7%, bringing prices back above the $3700 threshold, a level abandoned at the beginning of the weekend. The movement recorded the support of buying volumes, showing a first positive sign after more than a week of uncertainty.

In the next few hours, we need confirmations over $3800, input that would increase the chances of further impulses over $4000 in the next few days. On the other hand, a return of the prices under 3500 dollars would underline the vigilant presence of the sellers.

tron trx price

Ethereum (ETH)

A few hours after the important fork/upgrade of Constantinople, scheduled between January 16th and 17th, the attention of investors returns with new purchases that bring prices back over the threshold of 130 dollars.

The implementation of the Ethereum network will make several changes to the protocol and, if everything goes as planned, it could give further vitality to Ethereum, leaving behind its worst year.

Keeping the $130 would again project prices in the 160 area over the next few days. If this is not the case, holding the 115 dollars level remains decisive so as not to witness a collapse down to, or under, 100 dollars.

Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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