Tron hits all-time high with market cap exceeding $20 billion.
Tron (TRX) has achieved significant success by exceeding $20 billion in market capitalization, sending an optimistic signal for altcoins heading into 2025.
TRX’s new peak came after Tron founder Justin Sun announced that he invested $30 million in World Liberty Financial (WLFI) tokens by investing in Donald Trump’s crypto project. Sun’s statement was an important factor in the token’s rise.
Some analysts noted that the new high of TRX is a signal that points to the start of the altcoin season, which could lead to a rally in small cryptocurrencies in December.
An increasing number of analysts are predicting that altcoin season will begin around 2025, which could cause Ethereum to rise to as high as $4,000.
Meanwhile, Bitcoin (BTC) dominance fell below the support level of the last two years on November 30, drawing attention as another indicator of the beginning of the altcoin season. This decline in Bitcoin dominance shows that investors are making profits from their Bitcoin positions and directing these funds into altcoins.
Looking at historical data, it seems that the altcoin rally in December has begun. Mikybull Crypto emphasized in an X post dated December 3 that the decline in the ratio of altcoins to Bitcoin’s market capitalization paved the way for this rally.
Stay tuned.
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