Continuing its shocking surge over the past several days, Tron has surged another 9%, as TRX could be set to reach a new landmark all-time high price at $0.3 very soon. The token has turned heads with a surge that already has it among the best tokens in the industry.
The asset has already surged into the top 10 cryptocurrencies. Indeed, the asset beat out Cardano (ADA) in quite an impressive display. Indeed, the token now sports a market cap of more than $12.4 billion. Moreover, its out of nowhere rally has the industry taking notice.
Also Read: Tron (TRX) Surges: Price Prediction For End of August 2024
TRX Continues Climb as Record Price is Nearing
In the crypto market, things change in an instant. There is no shortage of newcomers, and the potential for those to succumb to a meteoric rise is always present. That has taken place in a shocking display for one asset. Indeed, it looks to be taking the market by storm.
Tron has surged another 9% today, with traders now eyeing a TRX surge to a new all-time high above $0.3. The asset has already surged more than 19% in the last seven days, according to CoinGecko. That would require the token to continue its stellar performance.
The cryptocurrency has surpassed the $0.15 mark. With an all-time high of $0.23 set in January of 2018, it would need a 37% surge to match that. Over the last 14 days, it has displayed a 23% surge, showing it has some potential, but still a long way to go.
Also Read: Why Is Tron [TRX] Up by 8% Today?
However, that could change. The founder of the Tron network, Justin Sun, recently hinted at an influx of activity on the network. Specifically, it is looking to integrate more meme community activity on the blockchain. According to Sun, this is a matter of when, not if.
“Today, I talked with several major meme community leaders about the meme ecosystem on Tron,” Sun said in a post to X (formerly Twitter). “They said they plan to bring millions of users to the Tron community and can’t wait to join the Tron ecosystem as soon as possible.”
That could be huge for the network and, in turn, TRX. There is no understating the popularity of meme coins. Those tokens drove Solana to previously beat out Ethereum in DEX volume. A similar sway of activity could have the token eyeing the $0.3 mark very soon.