TRON Price Successfully Reached ATH Just Last Night, Crypto Investors On Cuan!

TRX crypto assets succeeded in creating a new ATH. (Photo; Doc. Cryptopolitan)

JAKARTA - TRX, one of the crypto assets managed by Justin Sun's TRON, managed to record a new all-time high price (ATH) at the level of 0.44 US dollars (Rp 7,028) per coin on December 4, 2024. The surge in TRX prices occurred amid the strengthening of the altcoin season wave in the fourth quarter of this quarter.

After being in the low price range below 0.10 US dollars (Rp1,580) for some time, TRX is now showing a significant increase and is providing benefits to its holders who have been waiting for the moment of the TRX price increase.

TRX's latest record price defeats the previous achievement recorded in 2017, at the same time TRON first stole the attention of many circles. With prices at the level of 0.44 US dollars (Rp 7,028), TRX managed to pass its previous highest level above 0.22 US dollars (Rp 3,476).

The skyrocketing price of TRX did not happen instantly. Since early 2024, TRX has experienced a gradual increase even though it was slumped at a time when market conditions were still sluggish. However, entering the fourth quarter of 2024, TRX recorded a nearly 16% spike overnight, taking advantage of the momentum when rally XRP, which previously dominated the market, began to subside. TRX managed to steal the attention of crypto investors with a rally of prices that continued during trading hours between Asia and Europe.

While there is a possibility that this price rally is only temporary, TRX has a unique position as an infrastructure token for blockchain Layer 1. TRX acts as a utility token that supports transactions in the TRON ecosystem, including the use of Tether (USDT) which is produced by more than 61 billion tokens in this network.

The existence of TRX as a means of payment for transaction fees is one of the main drivers behind the price spike. Meanwhile, the altcoin market is starting to get excited, with the altcoin season index soaring from 73 to 84 points, showing the high interest of investors in the altcoin market.

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