Tron (TRX) just hit a new all-time high today. The price jumped by 12% in the last 24 hours, reaching $0.23. This spike has also pushed the market cap of the altcoin above $20 billion, which is another new record.
So, what’s driving this surge? It seems to be linked to a broader rally in altcoins and growing interest from both institutional and retail investors. But the big question is: will TRX keep rising?
Let’s look back. Just thirty days ago, Tron was priced at $0.16. Since then, it has increased by an impressive 41.02%, hitting this new peak. Before this, TRX’s highest price was back in June 2018, when it reached $0.22. It stayed below that level for quite a while.
Recently, there’s been a lot of buying pressure. This has driven Tron’s price up to $0.23, and now people are speculating that it might go even higher.