$TRX IS NEW ATH ON THE HORIZON?
TRON price surges as bullish trend strengthens, targeting a potential all-time high.
As it is holding strong above the $0.16 resistance, this bullish trend has sparked speculation about a potential climb to new all-time highs.
🔥 TRON Price Bolstered by TRX Token Burn Event
TRON price saw significant movement following the recent TRX token burn on October 8th. The network burned over 11 million TRX tokens, designed to enhance deflationary mechanisms and boost value.
A total of 5,991,836 TRX tokens, valued at approximately $958,693.76, were removed from circulation, contributing to the network’s deflationary goals. The burn demonstrated Tron’s ongoing commitment to increasing scarcity and promoting long-term value growth.
As a result, TRON reported a net negative production ratio of -5,991,836 tokens. This event is part of Tron’s broader strategy to position TRX for sustained upward price trends.
📊 TRX Price Eyes ATH with Steady Growth
TRON price is experiencing a notable upward trend. At the time of writing TRX price was $0.1612, reflecting a 2.82% increase in the last 24 hours. The coin hit a daily low of $0.1595 and a high of $0.1618, showing steady movement within a tight range. TRON’S all-time high stands at $0.3004, a drop of about 46.65% from its peak in January 2018.
As of now the numbers are indicating a midterm target of $0.2 followed by $0.25 respectively.
Stack this gem as much as you can.
