TRON (TRX) is inching closer to its all-time high of $0.4313. The asset hit a peak in December 2024, but faced a quick correction soon after. TRX is currently down by 26.3% from its all-time high. The asset could reclaim its peak if it continues its upward trajectory. Bitcoin (BTC), XRP, and Binance’s BNB have all hit new peaks over the last few days. TRX could be the next crypto to achieve a new high.
When Could TRON Hit A New All-Time High?
TRX is currently up 2.2% in the daily charts, as CoinGecko reveals, 5.7% in the weekly charts, 10.9% in the 14-day charts, 19.1% in the monthly charts, and 141.9% since July 2024. TRX’s rally follows the general market bullish wave we have seen over the last few weeks.
TRON’s rally is likely due to a market-wide resurgence. There is ample FOMO (Fear Of Missing Out) among investors. Retail players may be entering the market after a substantial period of hibernation. The market rally was initially driven by increased institutional inflows into crypto-based ETFs and corporate buys.
TRX’s rally also came after the US House of Representatives passed the GENIUS, Clarity, and anti-CBDC bills and acts. The move may have boosted investor sentiment. Many expect a clearer regulatory oversight in the US over this year.
Also Read: Cryptocurrencies To Buy Under 50 Cents: VeChain, Shiba Inu, Tron
TRON (TRX) could hit a new all-time high if it continues its current upward momentum. The asset could face a correction if investors decide to book profits, or if ETF inflows slow down. ETFs have been the highlight of the crypto market over the last few months. ETF inflows did not stop even during times of distress, like the Israel-Iran conflict. Going by that pattern, the ETF inflows may continue to grow over the coming months. BTC facing a correction is another factor that could bar TRON’s (TRX) rise to a new all-time high.
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