One of the biggest surprises of the ongoing cryptocurrency market rally has been Tron (TRX), with the asset emerging as a bit gainer. Indeed, when the rest of the industry faced a correction on Wednesday, Tron led all tokens alongside Solana as one of the few gainers.
A large part of this recent rise has been due to new US President Donald Trump. Specifically, the 47th president had purchased $4.7 million worth of TRX prior to his inauguration Monday. Moreover, he significantly increased his position, making Tron one of the key cryptos to watch.
Also Read: Tron (TRX) Price Could Skyrocket to $2.2, Top Analyst Predicts
Tron Surges Amid Trump Involvement: What’s Next for TRX?
The Justin Sun-led Tron project has evolved into a high-potential cryptocurrency. Indeed, the asset has seen its prominence increase in recent months, with traders intrigued by just how high its TRX token could go. Yet, recent developments have increased that potential, with massive gains looking like they’re a distinct possibility.
One of the most interesting moves came from Donald Trump’s World Liberty Financial (WLFI). The firm has made yet another purchase into the token, as it brings its total TRX holdings to $7.5 million. Now, Tron (TRX) looks poised to continue increasing on the heels of positive sentiment and mainstream attention.
Also Read: Tron Surges Another 9% as TRX Eyes a New $0.3 All-Time High
Despite most of the top 15 cryptocurrencies facing a dip, Tron has not. Over the last 24 hours, TRX is up more than 5.22%, according to CoinMarketCap. Moreover, it continues a 10% jump that the asset has enjoyed over the last seven days. Currently, the token is firmly trading above the $0.25 level.
But just where can the industry expect it to go? Cryptocurrency market prediction platform CoinCodex has projected notable price surges ahead. Specifically, the platform projects the token to end January with a $0.26 high.
That will only get more impressive, the firm notes. In February, they predict TRX will skyrocket above the $0.34 level, setting an all-time high in the process. That will also be the yearly high for the asset, as it settles around the $0.27 level for the following months.
Credit: Source link
