XRP has been gaining significant attention due to its rapid rise, and many expect other altcoins to follow suit.
Among them, Justin Sun, the founder of Tron (TRX), recently predicted that TRX would be the next to experience such a surge—and his prediction appears to be coming true.
Over the past 24 hours, TRX saw a remarkable 70% increase, pushing its price up to $0.40. This sudden rally has sparked considerable interest, with analysts considering various factors contributing to this upward movement. One major factor could be the political instability in South Korea, where President Yoon Suk-yeol declared a state of emergency for the first time in four decades.
Experts, including BTC Markets analyst Rachael Lucas, suggest that the TRX price surge is linked to the political turmoil in South Korea. Tron is commonly used for transferring funds between exchanges, and amid political unrest, South Korean traders may have sought to move their assets to international platforms, driving up demand for TRX.
Min Jung, an analyst at Presto Research, agrees that political events likely played a role in TRX’s rise but also notes that this surge is part of a broader positive trend within the cryptocurrency market. The rally in TRX aligns with the cyclical gains seen in other major cryptocurrencies like XRP.
Coinbase has taken another step toward boosting DeFi participation by launching wrapped versions of Cardano and Litecoin on its Base Layer 2 network.
Biotech firm Synaptogenix has made an unexpected move into the crypto space, revealing its first acquisition of Bittensor (TAO) as part of a broader treasury diversification strategy.
Investor attention in the crypto market appears to be rotating toward a new mix of altcoins.
Ethereum (ETH) has gone down by 3% in the past 7 days as tensions in the Middle East have pulled down crypto prices. Despite the cease-fire between Iran and Israel brokered by President Donald Trump, only Bitcoin (BTC) seems to be receiving support from market participants as uncertainty prevails. However, despite this challenging environment, a […]