Why Tron (TRX) Price is Surging Today? Is a New All-Time High Within Reach?

The post Why Tron (TRX) Price is Surging Today? Is a New All-Time High Within Reach? appeared first on Coinpedia Fintech News

Tron (TRX) is making headlines with its price hitting $0.1578, the highest in three years. As it nears its 2021 all-time highs, the surge is driven by growing stablecoin transaction volumes on its network, especially in Asian markets where Tron is favored. Renowned crypto analyst Raoul Pal in his recent video analysis has highlighted several factors pumping Tron to new heights. 

Step into the Tron Pool and see what’s going on!

Pal noted that Justin Sun’s legal win over the SEC is one of the main reasons TRX’s price soared. This ruling alleviates some regulatory fears, encouraging investors to hold or buy TRX, anticipating a less severe outcome.

Recently, a meme coin called Sundog has emerged on Tron, capturing the crypto community’s attention. Sundog’s market cap has soared to over $200 million, fueling the already bullish sentiment surrounding Tron. While some enthusiasts believe Sundog could become the “Doge of the Tron blockchain,” others remain skeptical of its long-term potential.

Is Tron season here? Early data via @DuneAnalytics shows Sunpump's rapid rise on Tron: