Author: Zoltan Vardai, CoinTelegraph; Translated by: Bai Shui, Golden Finance
The market capitalization of Tron tokens has surpassed a record $20 billion, sending another bullish signal for the altcoin market in 2025.
Data shows that as of 10:20 AM UTC on December 3, Tron’s price had risen over 13% in 24 hours, reaching an all-time high of $0.23.
TRX/USD, 1-day chart. Source: Cointelegraph
TRX has risen 42% on the monthly chart, and over 101% year-to-date.
Before TRX set its all-time high, Tron founder Justin Sun revealed that after investing $30 million in the WLFI token on November 25, he became the largest investor in Donald Trump's crypto project.
Source: Justin Sun
Some analysts say that the all-time high set by the TRX token is the latest signal of a potential altcoin season that could lead to a slight rebound in cryptocurrencies in December.
An increasing number of analysts expect the altcoin season to last until early 2025, with Ethereum potentially rising to $4,000 before Donald Trump officially takes office on January 20.
Due to the decline in Bitcoin's dominance, analysts are focusing on the altcoin season in December.
Meanwhile, Bitcoin's dominance fell below a two-year support line on November 30, another signal that the altcoin season may be beginning.
The decline in Bitcoin's dominance indicates that investors are taking profits from their Bitcoin positions and investing some of those funds into altcoins.
Cryptocurrency market liquidity. Source: Rekt Capital
Trader Mikybull Crypto stated in an article on December 3 that, based on historical patterns of the decline in altcoin market cap relative to Bitcoin, the altcoin rebound in December has already begun:
"The altcoin season of this cycle has begun. This is the perfect indicator of the altcoin season."
Other cryptocurrencies/BTC, 1-month chart. Source: Mikybull Cryptocurrency
However, altcoins are also benefiting from other catalysts beyond technical chart patterns.
Google Trends data shows that the global Google search volume for Tron tokens has reached its highest point in over 39 months, the last occurring in September.
Tron token, 1-year chart. Source: Google Trends
He said on November 21 that part of the growing interest might be due to Justin Sun, who also spent $6.2 million on an art piece of a banana taped to a wall.
Early signs of the altcoin season can also be found on other cryptocurrency charts.
Top 100 cryptocurrencies, 1-month chart. Source: Cryptobubbles.net
Cryptobubbles data shows that the Hedera (HBAR) token has risen over 763% in the past month, making it the best-performing token among the top 100 cryptocurrencies in November.
After a document on November 12 showed that investment firm Canary Capital is seeking to launch a Hedera-based Exchange-Traded Product (ETP), the token has attracted increasing retail interest.
