The TRON (TRX) token demonstrates significant growth in the cryptocurrency market, reaching around $0.3453. Over the past few months, its price has increased by 28%, and since the beginning of last year, it has grown by 125%.
Current Market Situation of TRON (TRX)
Currently, the TRON token is trading around $0.3453, which is 2% higher than the previous day. Trading volume has significantly increased, reaching 42%. Analysts note that TRON has already surpassed Cardano and is preparing for the next jump to surpass Dogecoin.
The Impact of Institutional Investments
A major factor behind the rally is the increased interest from institutional investors. Tron Inc. plans to raise $1 billion to grow its TRX reserves, showing confidence in the token's future. The company currently holds over 365 million TRX, worth around $126 million. This purchasing demand reduces the market supply of TRX.
Growth Potential of TRON Compared to Solana
If TRON continues its current momentum, its price could rise significantly. Presently, Solana's market capitalization stands at about $25–27 billion, while TRON is between $12–13 billion. Reaching Solana's level could mean a price for TRX in the range of $0.65 to $0.75, and in a bull market, even $1.
The TRON token shows promising signs of growth. Given the institutional purchases, stablecoin activity, and stable network revenue, there are strong reasons to believe that TRON can continue its upward trajectory.
