The cryptocurrency market, like most financial markets this year, has been struggling with increased volatility. However, one key asset in the top 10 of tokens by market cap has hit a major milestone amid the uncertainty. Indeed, Tron has reached $1 billion in revenue, with traders pondering just what’s next for TRX.
The Justin Sun-led token has been one of the fastest rises in the industry over the last two years. However, like many of its contemporaries in the sector, it has failed to live up to expectations this year. The question is, can a recent market turnaround spark a potential price jump for Tron?
Also Read: If You Invested $5,000 in Tron’s TRX During Its Launch, Here’s Your Returns
Justin Sun’s Tron Hits Major Milestone: Here’s What to Expect From TRX
It has been an interesting start to the week for the cryptocurrency market. Despite the stock market falling noticeably, Bitcoin has surged. Indeed, the leading crypto reached an $88,000 price in its highest mark since US President Donald Trump introduced his Liberation Day tariff plan and plummeted the market.
There is hope that can extend to different assets, as many of the top 10 are up to start the week. With all eyes on the asset class’s potential as digital gold, the potential for increase is there. Moreover, Tron could be set to benefit, as the token reached the $1 billion revenue landmark as there is renewed hope for TRX.
Also Read: Chainlink (LINK) vs. TRON (TRX): Which Is Better For This Dip?
According to a report, Tron has generated more than $2 billion in the last 365 days, generating $1.48 billion in revenue this year. Moreover, it is now the second most profitable network in the entire industry.
Yet, the ninth-largest token by market cap has been unable to leverage that into a price increase. Over the last 24 hours, it is down less than 1%, according to CoinMarketCap. Subsequently, it is down more than 3.8% over the last seven days, trading at the $0.24 level.
The question is, what’s next for TRX? Well, there are many who expect things to turn around. Among them is cryptocurrency price prediction platform CoinCodex. Specifically, they project the asset to jump 14% by the end of April, trading at the $0.27 mark. However, they project that it will remain between $0.17 and $0.23 for most of the year.
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