menuIcon
$ 96,811.5
BTC
$ 96,811.5
0.31 %
$ 1,839.95
ETH
$ 1,839.95
-0.26 %
$ 0.6948
ADA
$ 0.6948
-2.38 %
$ 600.02
BNB
$ 600.02
-0.04 %
$ 147.85
SOL
$ 147.85
-1.80 %
Sujit Kumar
Dec 4, 2024
by Sujit Kumar

Tron (TRX) Soars to New Heights with a 7-Year Record ATH

TRX Soars to New Heights

Table of contents

  1. Explosive Market Activity
  2. Factors Behind TRX’s Rally
  3. A Bright Future for TRON
Tron (TRX) is making waves in the crypto market, surging 80% in the past 24 hours to hit a new all-time high (ATH) of $0.45. This is the first ATH TRX has achieved since January 2018, when it last peaked at $0.35. The rally began on November 26, with TRX breaking through its April 2021 high of $0.1844 and its November resistance at $0.225.

Explosive Market Activity

In just three days, TRX’s price skyrocketed from $0.22 to $0.45, with trading volume spiking by 543% to $15.18 billion. At the time of writing, TRX is trading at $0.392, up 97% over the past week. Its market capitalization now stands at $33.9 billion, propelling TRON into the top 10 cryptocurrencies.

Factors Behind TRX’s Rally

TRX’s breakout aligns with the ongoing "altcoin season," a bullish phase for altcoins like TRX that outperform Bitcoin. TRON’s blockchain growth has also been pivotal, boasting over 270 million accounts and 8.8 billion transactions as of November. Strategic partnerships, such as its collaboration with the Chainlink Scale program, are enhancing TRON’s ecosystem, boosting adoption of stablecoins and real-world assets.

A Bright Future for TRON

With growing adoption, strategic partnerships, and sustained bullish momentum, TRON is poised for further gains. As the altcoin season continues, TRX’s performance suggests that this could be just the beginning of its long-term upward trajectory.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Follow us on: News
TRX Soars to New Heights
Tron (TRX) Soars to New Heights with a 7-Year Record ATH
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks