Tron's native token TRX has seen a significant surge of 66% in the past 24 hours, making it the top-performing altcoin among the top 100. This rally is part of a broader altcoin surge that is driving market-wide gains. TRX reached a new all-time high of $0.23 yesterday but continued to rally, reaching $0.44 before retracing to $0.39. Tron founder Justin Sun claimed that TRX is the next XRP, which fueled speculation and investor excitement. The increase in TRX volume to $14.67 billion and the activity of bullish addresses suggests that TRX's price could continue to rise in the short term, potentially reaching $0.44 again. The Money Flow Index indicates that the retracement to $0.39 may be temporary, and TRX's price could potentially bounce above $0.45 or even reach $1. However, if TRX holders decide to book profits, the price could drop to $0.33.
- Content Editor ( beincrypto.com )
- 2024-12-04
Tron (TRX) Skyrockets 66%, Becomes Top Performing Altcoin: Can It Match XRP?