Tron (TRX) has reached a new all-time high at $0.31, seven years after its last price peak. The price surge of 41% over 24 hours has positioned TRX as the 11th largest cryptocurrency by market cap. The increase comes as Bitcoin (BTC) experiences volatility and struggles to counter long-term holders' profit-taking. Ethereum (ETH) is also facing a 1.1% correction. TRX's performance traditionally follows ETH's lead during bull cycles, but this time TRX reached a new high before ETH. TRX has climbed 89% in the past 30 days, although it falls slightly below the market average. The reason behind the price increase is unknown, but Tron's network is known for its stablecoin usage, particularly with Tether USD (USDT) transfers. Tron has a high stablecoin transfer volume and the second-largest stablecoin supply. Tron was created in 2017 by Justin Sun with the intention of being faster than Ethereum for smart contract infrastructure.



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