Tron's TRX token has experienced a significant rally, climbing 85% in one day to reach a new all-time high of $0.43. It currently trades around $0.33, marking a 20% increase in the past 24 hours. TRX's market capitalization has also surged from $19 billion to $36.7 billion, solidifying its position as one of the best-performing cryptocurrencies of 2024. The rally is part of a broader market recovery in altcoins, with increased trading volumes and market enthusiasm benefiting other altcoins like IOTA. Tron's founder, Justin Sun, has also made high-profile moves that have contributed to the momentum. The Tron ecosystem has thrived alongside TRX's price rally, with ecosystem tokens and memes seeing significant gains. The derivatives market activity for TRX has also been robust, with open interest and trading volume experiencing substantial surges. Market data and AI analysis suggest that TRX could close 2024 trading between $0.42 and $0.48, with the possibility of reaching $0.50.



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