Tron’s TRX Hits Record High After 95% Surge in 24 Hours
Tron’s TRX token hit a record high of over $0.44 on Dec. 3, soaring 95% in 24 hours and surpassing a $35 billion market cap.
Author: Tanishq Bodh
Written On: Wed, 04 Dec 2024 00:29:33 GMT
On December 3, TRX, the native token of the Tron network, reached a new all-time high of over $0.44, representing a staggering 95% increase in just 24 hours. This surge pushed TRX’s market capitalization beyond $35 billion, cementing its position among the top-performing cryptocurrencies.
The dramatic price movement came shortly after Justin Sun, the founder of Tron, likened TRX to Ripple’s XRP, which itself had seen a 40% price increase on December 2, peaking at nearly $2.80. Sun’s statement on social media predicted a similarly transformative trajectory for TRX.
In a follow-up post on X (formerly Twitter), Sun celebrated TRX’s rally and hinted at more growth to come, declaring the recent surge as “just the beginning.”
This milestone marks a significant moment for Tron and highlights the increasing competitiveness of alternative blockchain platforms in the rapidly evolving cryptocurrency space.
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