{"id":19175,"date":"2024-12-04T12:45:00","date_gmt":"2024-12-04T10:45:00","guid":{"rendered":"https:\/\/forklog.com\/en\/tron-reaches-new-all-time-high-after-doubling-in-value\/"},"modified":"2024-12-04T12:45:00","modified_gmt":"2024-12-04T10:45:00","slug":"tron-reaches-new-all-time-high-after-doubling-in-value","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tron-reaches-new-all-time-high-after-doubling-in-value\/","title":{"rendered":"TRON Reaches New All-Time High After Doubling in Value"},"content":{"rendered":"

On December 3, TRON (TRX) surged by 103.4%, reaching a new all-time high of $0.45.<\/p>\n

\"1-1339\"
Hourly TRX\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

At the time of writing, daily gains eased to 63.6%<\/a>. The price stands at $0.381. The cryptocurrency fell to 11th place by market capitalization ($32.5 billion) after a brief stint in the top 10.<\/p>\n

Rachel Lucas from BTC Markets attributed the asset’s rally to political instability in South Korea.<\/p>\n

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\u201cTRX’s role as a widely used token for transfers between exchanges makes it a tool for traders looking to quickly move funds between platforms,\u201d<\/em> \u2014<\/em> explained<\/a> the specialist.<\/p>\n<\/blockquote>\n

According to her, trading restrictions on Upbit, which sometimes accounts for over 80% of digital asset turnover in South Korea, might have increased TRX trading volume.<\/p>\n

Analyst Min Jeong from Presto Research questioned the impact of the political crisis in the country on the crypto asset’s dynamics.<\/p>\n

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\u201cThis could also be part of a broader ‘Dino rotation,’ where ‘old-timers’ like XRP rally in the current market conditions,\u201d<\/em> noted the expert.<\/p>\n<\/blockquote>\n

He mentioned that growth was also supported by projects like Iota and Vechain.<\/p>\n

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\u201cAdditionally, rumors suggest a significant portion of TRX supply is controlled by <\/em>[TRON founder] <\/em>Justin Sun, raising questions about the rally’s organic nature or its influence,\u201d \u2014<\/em> concluded the specialist.<\/p>\n<\/blockquote>\n

Justin Sun himself could not ignore TRON’s rally.<\/p>\n

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6 years later.
Still here.
Still #BUIDLing<\/a>.<\/p>\n

Things have changed, but one thing hasn\u2019t: #TRON<\/a> remains a top 10 contender.? https:\/\/t.co\/0xgGmVtpvK<\/a><\/p>\n

\u2014 H.E. Justin Sun ? (@justinsuntron) December 3, 2024<\/a><\/p><\/blockquote>\n