Tron (TRX) has reached a new all-time high today after the price rallied by 12% in the last 24 hours to reach $0.23. The development also ensures that the altcoin’s market cap climbed above $20 billion, which is also a new high.
This significant surge could be linked to the broader rally in altcoins’ value and rising institutional and retail interest in the token. But will TRX’s price continue to rise?
Tron Rising Demand Drives It to New Peak
Thirty days ago, Tron’s price was $0.16. After a 41.02% hike since then, it sits at a new all-time high. Before this milestone, TRX’s all-time high was in June 2018, when its value climbed to $0.22 and was below this threshold for a long period.
But with rising buying pressure over the last few weeks, Tron’s price hit 0.23, and speculation spread that it could go higher.
Tron New All-Time High. Source: TradingView
This is a developing story…
