The price of TRX, the native cryptocurrency of Tron, has seen a significant increase in the past 24 hours. Compared to last week, the price has doubled, going from less than $0.2 to almost $0.4. The sudden pump in price is due to the slow rebound of Tron's cryptocurrency in the financial markets since 2023. The price of TRX tends to be less volatile than other altcoins. However, it is uncertain if the boom will continue or if there will be a temporary drop due to a bursting mini-bubble. The attention has shifted to altcoins, including TRX, after a bull movement in Bitcoin. If Bitcoin resumes its run, the focus may shift back to Bitcoin and cause the mini-bubble in Tron to burst. It is uncertain how things will unfold, but there may be potential for another mini-altseason if Bitcoin restarts and then stops again.
- Content Editor ( en.cryptonomist.ch )
- 2024-12-04
Sudden boom for the price of Tron (TRX)