The post TRON’s $13.65B Market Cap Explosion – Must Buy! appeared first on Coinpedia Fintech News
TRON (TRX) is really making a splash right now! With its price hitting $0.1578, it’s at its highest point in three years. This huge jump has pushed TRON’s market cap to a jaw-dropping $13.65 billion. But what’s causing this crazy rise, and could there be even more to come for TRX? Let’s dive into the numbers and see what’s going on!
TRON’s Market Cap Going Through the Roof
TRON’s price has shot up by 12.45% in just 24 hours and a whopping 22% over the past week. That’s a huge boost! This has rocketed its market cap to $13.65 billion, kicking Cardano (ADA) out of the Top 10 crypto rankings. The 30-minute chart is showing TRX at a critical level of $1.152. If it breaks through the resistance at $1.155, it could shoot up to $1.580. But if it drops below $1.152, we might see a shift in momentum. In that case, the price could slide to support levels at $1.482 or even $1.453. The current market swings mean TRX might be in for some wild ups and downs!
TradingView SunPump’s Meme Coin Frenzy
So what’s driving TRON’s sky-high rise? The key seems to be SunPump, a new meme coin platform that’s been making big waves. Since SunPump started, around 40,000 new meme tokens have been launched.
Dune
Since launch, around $6.2M revenue has been generated. That’s some serious exponential growth. This meme coin madness is playing a huge part in TRON’s price surge, with lots of investors jumping in hoping for big profits.
Dune Revenue Boost: TRON’s Financial Explosion
The revenue numbers are also showing just how much SunPump is affecting TRON in a positive way. According to Dune’s data, total revenue from token launches on SunPump has skyrocketed to a massive 3,792,453 TRX. The number of tokens launched jumped from 354 on August 13 to an incredible 11,174 by August 19.
Many of these tokens are TRON versions of popular coins like PEPE, which is getting a lot of people excited. With TRON now featured on Dexscreener, it’s getting even more visibility. This could draw even more investors and push TRX to new heights.
Dex Screener Integration: TRON’s New Journey Started!
TRON has officially been integrated into Dex Screener, a move that’s set to turbocharge the platform’s visibility at a large scale. Justin Sun, the charismatic founder of TRON, announced this exciting development on X (formerly Twitter). With TRON now featured on Dexscreener, the exposure for TRON and its projects is about to hit new heights.
Here we go! TRON is officially on @dexscreener ! You can track TRON meme tokens and get info. This milestone integrates TRON and @sunpumpmeme into the meme token community. Tomorrow, millions are expected to join the TRON meme ecosystem, and we are ready! https://t.co/bBWZkTSVCf
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 20, 2024
X.com(formerly Twitter) What’s Next?
With TRON’s market cap shooting up and SunPump’s meme coin explosion driving big revenue, things are looking bright for TRX. Investors are keeping a close eye on these developments. The numbers suggest that TRX could be on the brink of even bigger gains. If the trends keep going this way, a 50X surge might not be too far off. If you’re thinking about investing, now could be the perfect time to jump in before the next big leap!
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