The post Sudden boom for the price of Tron (TRX) appeared on BitcoinEthereumNews.com.

In the last 24 hours alone, the price of TRX, the native cryptocurrency of Tron, has risen by 70%. Compared to last week, the price has doubled, going in a few days from less than $0.2 to almost $0.4.  What generated this sudden and significant pump?  The slow rebound of the price of Tron (TRX) To understand what is happening to the price of Tron, it is necessary to analyze its trend over time.  TRX debuted on the crypto markets in 2017, during a full bullrun, and in 2021 it failed to reach new highs. In fact, in January 2018 it marked a quick peak beyond $0.22, while in 2021 it failed to surpass $0.16. During the bear-market of 2022, it plummeted to $0.05, but with a smaller percentage drop compared to that of many other altcoins.  In other words, the price of TRX tends to be less volatile in the long term compared to that of many other altcoins, with lower peaks, in percentage, and therefore also smaller drops.  Starting from 2023, the trend of Tron’s cryptocurrency in the financial markets has shown a very slow rebound, thanks to which it returned above $0.10 in November, a year after the lows of the bear-market, with a first peak at $0.14 in March of this year.  The rise Although in April the price then fell, the decline this time was not particularly significant, so much so that it stopped just above $0.10. This once again demonstrates how the price of TRX tends to be much less volatile than altcoins are on average, probably also thanks to real use cases.  The subsequent rise started already in August, when it managed to climb back above $0.16. That was more or less the price it had at the end of October, given that…

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Filed under: News - @ December 4, 2024 12:24 pm