The altcoin season is late but it has arrived. Today we have to talk about TRX, which has recently made the industry people excited. This old token, which is often ignored by the industry, suddenly rushed out like a dark horse, and the single-day increase doubled directly, which shocked the entire currency circle. This is not only a carnival for TRX, but also a carnival for the entire TRON ecosystem!
Looking at other tokens in the TRON ecosystem, they are all more powerful than each other. JST has a 24-hour maximum increase of over 70%, and TRON tokens such as BTT, SUN, and SUNDOG have also followed suit. The entire TRON ecosystem is simply going crazy. The total locked value (TVL) of the entire chain ranks second, about 36.3 billion US dollars, and the 24-hour increase is 66.1%. This data is enviable.
At present, the market value of TRX is also rising, and it has once again ranked 10th in the market value ranking of the cryptocurrency circle. So, why is TRX's performance so amazing? Has TRON ushered in its moment of value discovery?
When it comes to value discovery, we have to talk about the fundamentals of TRON. Although many people are biased against TRON for various reasons, we cannot ignore its strong fundamentals. TRON was founded by Justin Sun and aims to build a decentralized public chain system. As the native token of TRON, TRX's main function is to encourage users to participate in the construction and maintenance of the network and maintain the security of the network.
In recent years, TRON has developed rapidly. It has not only made continuous breakthroughs in technology and launched various innovative functions and products, but also achieved remarkable results in market expansion. According to public data statistics, TRON's various data have repeatedly set new highs, with more than 270 million accounts, more than 9.1 billion transactions, and a total transfer amount of more than 15 trillion US dollars. This figure is enough to prove its activeness in the market and its user base.
Why is TRX so popular in the cryptocurrency world? There is a lot to it. TRON has always been very good at technology, just like a technical expert, constantly optimizing blockchain performance, fast transaction speed, low transaction cost, large number of stablecoins, and safe and smooth user experience. TRON has been shining among the many crypto projects that have emerged over the years, and investors and users have already voted with their feet.
For example, during the political turmoil in South Korea, Tron directly demonstrated its "reliability". At that time, the Korean won exchange rate plummeted, and the centralized exchanges in the Korean crypto industry were paralyzed. Investors were anxious like ants on a hot pot, and they transferred their funds to overseas exchanges. At this time, Tron came in handy. USDT under the TRC 20 protocol is not only a value store for Koreans in extraordinary times, but also plays the role of hard currency at critical moments, ensuring the stable operation of important markets.
The value is revealed when there is an urgent need. Those who understand will understand.
Whether it is the actual application scenarios, the accumulation of user base, or the performance of user activity, TRON is undoubtedly firmly based on fundamentals and has become a well-deserved "value coin". In the "altcoin" season of value coin discovery, the surge in TRX is natural.
It is worth noting that TRX, like BTC, SOL, PePe and other currencies, is one of the first currencies to achieve a breakthrough in historical highs. After this surge, previous value investors ushered in a miracle day of reaping the fruits, while prejudicers broke their thighs.
In addition to the strong support of fundamentals, the surge in TRX is also driven by some market expectations. The most eye-catching one is the expectation of TRX ETF covering more important markets. ETF, or exchange-traded fund, is a fund listed and traded on an exchange that tracks a specific index (such as stock index, bond index, cryptocurrency index, etc.). If TRX can successfully launch an ETF in the United States, it will attract more institutional and retail investors to participate, thereby further driving up the price of TRX.
Of course, the surge in TRX did not happen overnight. In this process, there are some other factors that played a key role. For example, Sun Ge’s series of operations have added a lot of momentum to TRX’s rise.
Do you still remember Sun Yuchen's investment in the Trump family's crypto project? This "Sun brother" is a tough guy. He not only invested 30 million US dollars in the Trump family's crypto project, but also directly became the largest investor and consultant of this project. This move not only greatly improved TRX's compliance and market expansion expectations, but also greatly improved TRX's popularity in the crypto industry and the political and business circles.
Moreover, Sun is very good at using social media to promote TRX. He often posts the latest developments and good news about TRON on various social media platforms, attracting a lot of attention and discussion. Although this high-profile publicity method sometimes causes some controversy and doubts, it is undeniable that it does bring more exposure and attention to TRON and TRX.
For example, Sun Ge's $6.2 million bid for the world's most expensive banana, Comedian, and his attendance at the press conference helped TRX's rise. When he ate the priceless banana in public, the whole incident instantly went viral. Sun Ge knows that attention is very important in a bull market. His move not only triggered widespread public discussion on the value of art, but also cleverly linked it to TRX, TRON, and cryptocurrency culture. This hand: "Great, great!"
Even if we don’t create value, from a purely “abstract” point of view, Sun Ge is still a good hand. With such a founder who is not only rich but also loves all-round, multi-dimensional and no-dead-angle genius marketing, how can TRX not rise?
At present, in addition to Sun's operation, the surge in TRX also benefits from the bull market atmosphere of the entire cryptocurrency circle. In a bull market, investors are very enthusiastic and are more willing to take risks and pursue high returns. As a potential and promising altcoin, TRX naturally becomes their focus. In addition, TRX's fundamentals and market expectations are very strong, so it is not surprising that its price has risen.
Let's talk about the ecological development of TRX. The surge in TRX is not only due to its own rise, but also due to the vigorous development of the entire TRON ecosystem. The TRON ecosystem is a decentralized ecosystem that includes a variety of decentralized DeFi applications, games, wallets and other products and services. These products and services not only enrich the application scenarios and ecosystem of TRX, but also provide more support and motivation for the price increase of TRX.
For example, Justlend in the TRON ecosystem is a very popular lending protocol. It provides lending services for various cryptocurrencies, and its TVL is second only to the four "king-level" protocols on the Ethereum chain. As Justlend continues to develop and grow, it attracts more and more users and trading volume, which indirectly drives up the price of TRX.
Looking ahead, as Trump promotes various crypto-friendly policies after taking office, the public chain sector will naturally be the target with the highest value, and TRON, as a leader in the sector, will naturally benefit more. The technology needs to be upgraded to make blockchain more powerful, and there will be more and more application scenarios to provide more fun for our users. In addition, we need to cooperate with global companies and institutions to apply blockchain to the real economy, and the commercial value will rise rapidly.
Since the price of TRX broke through the sky and hit a record high, I bet Sun Ge must have felt relieved. He may have sighed silently in his heart, or said out loud: "From now on, I don't owe anyone anything!" This is Sun Ge's unique explanation to investors and the industry, and it is also the ultimate recognition of his own value.
