TradingView’s data shows that TRON (TRX), a cryptocurrency, has reached its highest price ever at $0.41. This is nearly seven years since the last time this happened.
TRX has reached a new high after an 81% increase in price over the last 24 hour, which makes it the 10th biggest crypto according to market cap.
TRX had a previous record price of $0.23, set on January 4, 2018. The price increase comes amid Bitcoin’s (BTC) choppy movement in the past few days, as the market fights to gather buying pressure to counter long-term holders’ realizing profits. BTC dropped by 0.8% over the past day, and was priced at $95487.17, as of time of publication.
Ethereum (ETH) also has a 1,1% price correction and is currently priced at 3,582.62. ETH has traditionally encouraged other altcoins in bull markets to perform well. TRX reached a price peak prior to ETH.
TRX’s price has increased 164% in the last 30 days.
TRX is increasing in price for no reason. TRON’s network is famous for its stablecoin usage, especially regarding Tether USD (USDT) transfers.
According to Artemis data, in the past 30 days, TRON reached $24.3 billion in stablecoin transfer volume, only bested by Ethereum’s $35 billion. Additionally, TRON’s stablecoin supply is worth $59.6 Billion, making it the second biggest.
Justin Sun founded TRON at the end of 2017 in the midst of an initial coin offering frenzy. It was designed to be an unbiased network. “Ethereum killer,”It is a term given to several layer-1 chains that are designed to be quicker than Ethereum in terms of smart contract infrastructure.
TRON Market Data
The time of the press The date is December 4, 2024 at 12:38 AM UTCTRON’s market capitalization is #10 and its price is You can also check out our Facebook page. 85.4% Over the last 24 hours. TRON is valued at $37.71 billion The 24-hour volume trading is The $11.5 billion. Learn more about TRON ›
TRON
The date is December 4, 2024 at 12:38 AM UTC
$0.41
85.4% Crypto Market Analysis
The time of the press The date is December 4, 2024 at 12:38 AM UTCThe total market value of crypto is at 3 522 000,000,000 With a volume of 24 hours. 287.51 billion. Bitcoin is the dominant currency at this time. 53.89%. Learn more about the crypto market ›
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