Tron has recently gained significant market attention. The token has emerged as one of the best-performing cryptocurrencies lately, fueled by several strong price signals that are pushing its price to touch new highs. Will Tron (TRX) claim a new ATH this weekend? Let’s find out.
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Why is Tron Rising?
Tron (TRX) is a crypto token developed by the Tron Foundation. The token is surging rapidly for several reasons. First, Justin Sun, the founder of Tron, claimed a legal victory against the US SEC, which has fueled TRX’s price.
Secondly, the SunPump meme coin launch on Tron fuels its price levels. The meme coin has expedited Tron’s network activity, which has fueled the token’s price. Lastly, the new bullish price patterns emerging for Tron and speculation of the coin hitting a new ATH soon are also driving TRX’s price to new highs.
The token is at $0.1545 at press time, up 1.39% in the last 24 hours. As TRX draws considerable market momentum and attention, the token’s prospects to climb to a higher price pedestal remain open.
Tron was launched in 2017. The token has a total supply of 100 billion, with 71.6 coins currently in circulation per CoinMarketcap.
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Tron Price Prediction for the Weekend
According to CoinCodex, TRX is expected to hit a new price level of $0.184323, rising as high as 19% by August 26.
The token may note a slight price decline by August 30, shedding 1.79% to stabilize at $0.151827.
“The TRX price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these projections, TRX will be changing hands at $0.151827 on August 30, 2024, losing -1.79% in the process.”
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