Tron (TRX) has surged 104% in a day and hit a new all-time high

Tron is the only token among the top-ranked cryptocurrencies by market capitalization to have increased by up to 104% in a single day, whereas Bitcoin fell to $93,000 earlier today.

Tron 67.3% TRON, a cryptocurrency with a market capitalization of $36 billion, had a tremendous trading day with $10 billion in volume, representing an almost 500% increase. The token price also increased by 95% in a single day, rising from $0.21 to $0.43 at the time of writing.

The currency produced for blockchain-based operating systems reached a new all-time high of $0.4, exceeding the June 2018 peak, and the price increased by 157% in just one month.

They record a large number of transactions from Tether’s USDT due to their blockchain’s smart contract functionality. They also emerged as one of the most prominent blockchains for decentralised finance (DeFi) and transactions.

TRX is the only crypto-token among the top-ranked by market capitalisation that is performing well while the others are experiencing price declines after Bitcoin (BTC) fell to $93,000. Ethereum (ETH) and Ripple’s XRP (XRP) both fell by 0.46% and 5.5% in a single trading day, respectively.

Tron price predictions

Tron’s market capitalisation had already reached $20 billion on December 3 and is presently over $36 billion. The projected price may rise even further, with recent trends indicating that it could reach $1 per TRX. This means that the price will increase 150% from its present level of $0.4.

This objective is justified by the fact that the company today handles more than $196 billion in Tether USDT transactions, surpassing Visa. The token circulation is also only 86 billion, with the highest being 11 billion in 2022, indicating that there is still opportunity for growth alongside the ecosystem.

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