Tron Crypto Hits a New High Above $0.43 Amid a Broader Altcoin Wave

TRON’s TRX token has reached its highest price on record, surpassing a seven-year high amid an explosive rally that saw it reach just above $0.43.

Tron grew 81% on Tuesday, pushing its market cap above $35.1 billion, CoinGecko data showed.

It coincides with other cryptos, including XRP and Hedera (HBAR) this week, as investors speculate about changing regulations in the US.

In contrast, market-leading cryptos such as Bitcoin and Ethereum remain little changed over the same period.

Funds are moving from Bitcoin and newer tokens, including meme coins, to older projects, many of which are fully in circulation and have lost significant value since their peaks. Declutter was told.

“Most older projects are in full circulation and have fallen more than 90% from their peaks, allowing small amounts of capital to significantly increase prices and attract market liquidity,” said Pat Zhang, head of WOO X Research.

The analyst pointed to several catalysts, including speculation surrounding the potential inclusion of Tron into Grayscale’s investment assets, which Zhang said adds a layer of institutional legitimacy. In October, Grayscale revealed TRX as one of 35 tokens under consideration, with updates on potential inclusions scheduled quarterly.

In addition to the Grayscale speculation, TRX’s rise has been fueled by Tron founder Justin Sun’s high-profile actions, including a purchase of $30 million in WLFI tokens tied to a project linked to the Trump family and becoming an advisor.

Moreover, Sun’s playful stunt with the conceptual artwork “Comedian“led to community involvement and indirectly boosted related tokens such as BAN, Zhang said.

TRON was launched in 2017 after an initial $70 million coin issuance in September that year and is backed by Sun’s Singapore-based Tron Foundation. It operates as a high-throughput blockchain platform designed to compete with Ethereum.

At its core, TRON claims to reform digital content distribution by eliminating middlemen like YouTube and Facebook, creating direct connections between creators and consumers.

Tron meme coins

While Meme coins are seeing a slight decline elsewhere, coins based on the Tron blockchain are benefiting from increased investor interest.

Of the top 10 meme coins on Tron, FoFar (FOFAR) has made the most gains, gaining 240% in the last 24 hours.

Its market cap has more than tripled over the same period, although this is a far cry from its initial $25 million run as the price reached $0.025 at launch in August. facts of CoinGecko shows.

Volume data on the same chart indicates Sundog (SUNDOG) retains its top position, supporting more than $163 million in trades at a market cap of $172 million.

Tron Bull Coin (TBULL) is also showing a notable increase of 71.7%, with its market cap more than doubling in one day, from $13.4 million to $27.9 million.

Edited by Sebastian Sinclair