Tron (TRX) Surges Past Bitcoin, Ethereum in 24-Hour Price Action
Even though the crypto market’s currently feeling a bit down, all eyes are on Tron (TRX), which is holding strong as the eighth-largest cryptocurrency. Interestingly, Tron seems to be moving independently of Bitcoin (BTC) and Ethereum (ETH), as both of these bigger players have seen their values dip over the last day.
Tron rivals Bitcoin and Ethereum
Right now, you can grab TRX for around $0.2548. That’s after it jumped up by 2.9% in the last 24 hours, showing some impressive momentum.
According to data from CoinMarketCap, Tron is actually leading the pack as the top performer among the top 20 cryptocurrencies by market value. It’s even doing better than Bitcoin and Ethereum, which have both slipped by 0.5% and 2.0% respectively.
However, it’s worth noting that while the price is up, Tron’s trading activity has decreased a bit, down 5.6% to $568 million. This price surge is seen as a bit of a surprise as it breaks away from a period where TRX prices had been fairly stable since Tuesday. Earlier today, TRX started trading at $0.246.
After hovering around that price for a few hours, it made a decisive move upwards past $0.25, quickly climbing to a peak of $0.2548. Looking back over the last week, Tron’s price has impressively jumped by over 10.4%, highlighting its strength. To compare, both BTC and ETH rose as well, but by 9.6% and 6.9% respectively.
Tron founder predicts epic Tron breakout in Q2
Previously, Tron’s founder, Justin Sun, shared his prediction of a significant surge for TRX coming in the second quarter of this year. He’s anticipating that Tron’s market cap will reach a new record high during Q2 2025. Currently, Tron’s market cap is sitting at a substantial $241 billion.
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Sun also suggested that the increasing popularity of USDT on the Tron network, along with Tron’s own stablecoin USDD, could also be key factors in pushing TRX to even greater heights during this period. This implies that the positive outlook isn’t just about short-term price fluctuations, but rather about broader growth and expansion within the entire Tron ecosystem.
Adding another layer of excitement, especially with the growing buzz around ETFs for various altcoins, some experts are even hinting that a Tron ETF could be the next big thing we see.
