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<p><a href="https://captainaltcoin.com/?s=TRX&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Tron’s native token TRX</a> has awakened from a seven-year slumber, shattering previous price records. Social media buzz and on-chain metrics reflect growth across the network’s ecosystem, suggesting this rally may have deeper roots than mere speculation.</p>
<h2 class="wp-block-heading" id="strong-trx-network-growth-drives-price-surge-strong"><strong>TRX Network Growth Drives Price Surge</strong></h2>
<p>As per Coinpedia, TRX surged to a new ATH of $0.4407. Besides, the Tron network has exhibited exceptional performance in its core metrics over the past month. Total revenue reached $237 million, marking an 18% increase.&nbsp;</p>
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   <p lang="en" dir="ltr">Bullish! <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TRX</a> hits new ATH of $0.4407 after 7 years, ranks as Top 10 <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a>. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TRON</a> MC reached a record-breaking of over $36B.<a href="https://twitter.com/hashtag/TRX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TRX</a> price pumped 90% in past 24hrs and 120% in past week. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>What's the next price target? <br><br>The RSI for <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TRX</a> has reached an extreme overbought… <a href="https://t.co/yDHuTSkIlz" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/yDHuTSkIlz</a></p>— Coinpedia Markets (@MarketCoinpedia) <a href="https://twitter.com/MarketCoinpedia/status/1864178190694097244?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>The ecosystem continues to expand its user base, with TRX holders growing to 159 million, a 3% rise.&nbsp; Moreover, the network processed 9.08 billion cumulative transactions, while total accounts climbed to 276 million.</p>
<p>This growth in fundamental metrics comes alongside a minor reduction in token supply, which decreased by 0.18%. The combination of expanding usage and contracting supply has created upward pressure on the token’s price.</p>
<h2 class="wp-block-heading" id="strong-market-performance-and-technical-indicators-strong"><strong>Market Performance and Technical Indicators</strong></h2>
<p>CoinGecko <a href="https://www.coingecko.com/en/coins/tron" target="_blank" rel="noopener noreferrer nofollow">data shows TRX trading volume</a> has surged past $15.9 billion in 24 hours. At publication, the token recorded gains of 66.94% during this period and 98.51% over the past week currently priced at $0.3921.&nbsp;</p>
<p>Coinpedia’s technical analysis reveals strong momentum, with the RSI reaching 92 in overbought territory. The Ultimate Oscillator reinforces bullish sentiment with a buy signal, setting price targets at $0.5528 with potential movement toward $0.7523.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/does-kas-still-have-time-to-pump-kaspa-price-prediction/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Does KAS Still Have Time to Pump? Kaspa Price Prediction</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-ecosystem-metrics-hit-record-levels-strong"><strong>Ecosystem Metrics Hit Record Levels</strong></h2>
<p>Crypto analyst Wise Advice reports unprecedented growth in Tron’s ecosystem metrics. The network’s Total Value Locked (TVL) doubled to $13.68 billion, while daily active users increased by 38% to 2.58 million.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TRX</a> made a NEW ATH again today <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>It's the #1 GAINER on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> today, but this rally is not speculation-driven.<br><br>Here are some amazing 30-day stats of <a href="https://twitter.com/trondao?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@trondao</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>➺ TVL: $13.68 Billion (+𝟭𝟬𝟭%)<br><br>➺ Daily Active Users: 2.58 million (+𝟯𝟴%)<br><br>➺ Revenue: $244M… <a href="https://t.co/gr4mwXhmPX" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/gr4mwXhmPX</a></p>— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1864181250069545147?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 4, 2024</a>
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<p>Trading volume soared by 165% to $31 billion. The platform’s stablecoin market capitalization achieved a new peak at $61 billion, contributing to a $20 billion increase in total market capitalization within a month.</p>
<p>These developments have sparked discussions about future price targets, though market movements remain unpredictable. The data suggests <a href="https://www.fxleaders.com/news/2024/12/04/tron-price-surges-15-as-justin-sun-calls-trx-the-next-xrp/" target="_blank" rel="noopener noreferrer nofollow">Tron’s growth</a> stems from increased network adoption and usage, supported by strong fundamentals across multiple metrics.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-tron-trx-price-pumping/" rel="noopener noreferrer nofollow">Why is Tron (TRX) Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Tron (TRX) Price Up?

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