The post CryptoTicker | Tron Price Prediction appeared on BitcoinEthereumNews.com.

Tron (TRX) has been making headlines with a significant price jump, reaching $0.16—the highest it’s been since May 2021. Over the past week, TRX has surged by 30%, sparking excitement and interest among investors and traders. In this Tron price prediction article, we’ll explore what’s behind this impressive rally and what it could mean for TRX’s future. How has the Tron (TRX) Price Moved Recently? TRX/USD Daily Chart: TradingView  Today, TRON (TRX) is priced at $0.165908, with a 24-hour trading volume of $1.68 billion and a market cap of $15.32 billion, giving it a market dominance of 0.68%. Over the past 24 hours, the TRX price has risen by 4.17%. TRON reached its peak price of $0.302062 on January 5, 2018, while its lowest recorded price was $0.001091 on September 15, 2017. Since its all-time high, the lowest TRX price was $0.00735 (cycle low), and the highest since that low was $0.179725 (cycle high). The current market sentiment for TRON is bullish, with the Fear & Greed Index at 54 (Neutral). TRON’s circulating supply stands at 92.35 billion TRX, out of a maximum supply of 99.28 billion TRX. Why is Tron (TRX) Price Up? Tron (TRX) has experienced a notable price increase due to a mix of favorable legal developments and rising market activity. One of the key drivers is the recent legal win for Justin Sun, Tron’s founder, in his ongoing battle with the U.S. Securities and Exchange Commission (SEC).  The SEC had been pursuing a lawsuit against Sun, accusing him of conducting an unregistered securities offering through the sale of TRX. However, on August 19th, a New York Federal Judge rejected the SEC’s request for an accelerated legal process. This decision provides Sun and his legal team more time to prepare their defense, easing some of the regulatory…

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Filed under: News - @ August 25, 2024 3:06 pm