{"id":25608,"date":"2024-12-04T07:48:28","date_gmt":"2024-12-04T07:48:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25608"},"modified":"2024-12-04T07:48:28","modified_gmt":"2024-12-04T07:48:28","slug":"is-tron-trx-the-next-ripple-xrp","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25608","title":{"rendered":"Is Tron (TRX) The Next Ripple (XRP)?"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

Tron\u2019s price flew through the roof in the past 12 hours or so, smashing its previous record and charting a new one a lot higher.
\nThis came amid a compelling post from Tron\u2019s founder that compared the protocol\u2019s native token against another high-flyer as of late \u2013 XRP.<\/p>\n

<\/a><\/p>\n

TRX\u2019s Explosion<\/h2>\n

It seems like the recent prediction<\/a> by CryptoQuant\u2019s CEO \u2013 Ki Young Ju, about the current altcoin season is coming true. He said that it will be a different altseason as only a selected handful of assets will skyrocket periodically.<\/p>\n

After alts like DOGE<\/a>, XRP, HBAR, and XLM, the past 24 hours belonged to Tron\u2019s native token. There are no better words to describe TRX\u2019s movements since yesterday than a full-on explosion that pushed<\/a> its price from $0.23 past its 2018 all-time high and toward a new one of $0.43, according to CoinGecko.<\/p>\n

$TRX<\/a> broke the 7 year old all-time high!<\/p>\n

We need to show respect. One of the very few Crypto\u2018s which beat Bitcoin over multiple cycles!<\/p>\n

I will wait for a good long entry, my spot position remains untouched. pic.twitter.com\/4G30eHaYft<\/a><\/p>\n

\u2014 MMCrypto (@MMCrypto) December 3, 2024<\/a><\/p>\n\n

Aside from the apparent ongoing altseason, some of the reasons behind this impressive rally could be related to the overall developments within the Tron ecosystem. It continues to be at the forefront of Tether (USDT) transactions as well as it has seen the launch of numerous trendy projects like sun.pump. Additionally, the founder \u2013 Justin Sun, has been very active lately, especially in terms of spending cash, which includes a sizeable investment<\/a> in Donald Trump\u2019s crypto project.<\/p>\n

TRX = XRP?<\/h2>\n

Sun also made an intriguing comparison as TRX\u2019s rally was beginning, and the asset had just broken its 2018 all-time high.<\/p>\n

TRX=XRP<\/p>\n

\u2014 H.E. Justin Sun (@justinsuntron) December 3, 2024<\/a><\/p>\n\n

Recall the price actions of Ripple\u2019s cross-border token. The cryptocurrency became the top performer shortly after Trump won the elections, especially following Gary Gensler\u2019s announcement about leaving the SEC. At one point, XRP had surged by over 420% on a monthly basis.<\/p>\n

Moreover, the token trades at a multi-year peak of its own, nearing<\/a> $3 earlier this week. It has become the third-largest cryptocurrency by market cap and continues to capture the community\u2019s attention through its price movements.<\/p>\n

TRX\u2019s monthly surge of \u2018only\u2019 135% is a lot more modest, but it managed to break its previous all-time high. As of now, TRX\u2019s market cap remains about 5x lower than XRP\u2019s but the crypto market is a wild place especially in the past month so everything can happen these days.<\/p>\n

The post Is Tron (TRX) The Next Ripple (XRP)?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; Tron\u2019s price flew through the roof in the past 12 hours or so, smashing its previous record and charting a new one a lot higher. This came amid a compelling post from Tron\u2019s founder that compared the protocol\u2019s native token against another high-flyer as of late \u2013 XRP. TRX\u2019s Explosion It seems like the […]<\/p>\n","protected":false},"author":0,"featured_media":25609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25608"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25608"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25609"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}