TRX Reaches New All-Time High
Tron’s TRX has recently surged to an all-time high of $0.22, surpassing the previous milestone set in 2018. This increase follows a 16% rise in the price of TRX and a staggering 104% surge in a single day, capturing significant trading interest and investor attention. The market capitalization of TRX is now around $20 billion, indicating a potential forthcoming ‘altseason’ in December. Contributing Factors
Some key factors leading to the all-time high include: Justin Sun's Support: Tron’s founder has been active in highlighting TRX’s valuation, suggesting it is now comparable to XRP. Market Dynamics: The price uptick occurs amid fluctuating crypto conditions, including minor declines in Bitcoin and Ethereum. Stablecoin Activity: TRON has facilitated about $24.3 billion in stablecoin transfers over the past month, making it a significant player alongside Ethereum, which recorded $35 billion. Show Less
