Major

Rally

Bitcoin

<p>For the first time since May 2021, <a href="https://coinpedia.org/price-prediction/trx-tron-price-prediction/" target="_blank" rel="noreferrer noopener">Tron (TRX)</a> has recorded a daily close above 17 cents, marking a significant milestone for this popular large-cap altcoin. Currently valued at around $15.2 billion (fully diluted), Tron's trading activity has spiked notably in the past week. </p>   
<p>Early on Wednesday, November 13, during the New York session, Tron's daily average trading volume had more than tripled, reaching approximately $1.7 billion.</p>   
<p>Following <a href="https://coinpedia.org/news/why-is-crypto-going-up-today/" target="_blank" rel="noreferrer noopener">Bitcoin’s new all-time high</a> earlier this week, TRX surged by 8% to reach a multi-year high of around $0.1914. At the time of writing, TRX is trading near $0.176—about 24% below its all-time high, but still drawing increased attention from traders and investors.</p>   
<h2 class="wp-block-heading" id="h-main-reasons-to-bet-on-tron-this-bull-rally">Main Reasons to Bet on Tron This Bull Rally</h2>   
<p>As digital assets and <a href="https://coinpedia.org/beginners-guide/what-is-web-3-0/" target="_blank" rel="noreferrer noopener">Web3 technology</a> gain popularity, <a href="https://coinpedia.org/beginners-guide/what-is-tron-blochchain/" target="_blank" rel="noreferrer noopener">Tron</a> is emerging as a leading layer one (L1) blockchain. On-chain data reveals that Tron’s total value locked (TVL) is approximately $7.26 billion, while its stablecoin market cap stands close to $60 billion.</p>   
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<p>Tron’s transaction volumes showcase its growth and utility. Data from IntoTheBlock indicates Tron has been processing more than 50 million transactions weekly since the start of this year, with a total of 8.9 billion transactions since its inception. With over 271 million accounts, Tron’s adoption rate remains strong.</p>   [post_titles_links postid="379011"]   
<h2 class="wp-block-heading" id="h-meme-coins-drive-activity-on-tron"><strong>Meme Coins Drive Activity on Tron</strong></h2>   
<p>Much of Tron's recent growth can be attributed to the popularity of its meme coins, particularly Sundog (SUNDOG). Together, Tron-based meme coins have a market cap of around $281 million and a daily trading volume of about $133 million, adding to Tron’s overall activity.</p>   
<p>This surge in meme coin popularity has helped Tron reach over 2.4 million active addresses in the last 24 hours. Additionally, the network reported net revenue of $9.13 million, mostly generated through staking programs.</p>

Tron Breaks Multi-Year Record: More Gains Ahead for TRX Price?

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