Tron (TRX) has been making headlines due to its impressive performance in the past week. The native token of the Tron Network, a decentralized virtual machine platform, has surged by 23.55% in the past seven days, currently trading at $0.166.
Compared to other top 10 cryptocurrencies, TRX stands out for its consistent bullish momentum throughout the week following the launch of SunPump. At the time of writing, TRX has a market capitalization of $14,396,104,421, which is also up by 4.05%.
Analyzing the weekly price movement, TRX was at $0.1343 last Sunday and has maintained a bullish trend, avoiding a dip to the support level. The current circulating supply of 86,849,988,899 TRX demonstrates exceptional growth since last week.
The surge in TRX can be attributed to the revenue generated by SunPump, a significant factor contributing to its 23.55% increase in the past seven days. Unlike other crypto assets, TRX has remained consistently bullish throughout the week, showing potential to break its previous records.
Looking back seven years, TRX reached an all-time high (ATH) of $0.3004 on January 5, 2018. Since then, its price has fluctuated around $0.1. However, with its recent inclusion in the top 10 cryptocurrencies and its dynamic growth, TRX is poised to surpass $0.2 in the coming weeks.
Based on TRX’s previous performance, social chatter, and expert opinions, there is a strong possibility of it reaching its previous ATH of $0.3 next month. However, it is essential to conduct thorough research before investing in cryptocurrencies.
Also Read: Tron (TRX) Surges 22% In A Week Outpaces Cardano And Boosts Meme Coin Market
Tron’s recent growth and bullish trend make it a promising asset for trading. With its consistent upward movement in the past few weeks, TRX is expected to maintain its momentum and continue to deliver significant value in the future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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