Tron (TRX) at the gates of the top 10, its price increases by +24% in one week

The Tron (TRX) cryptocurrency is experiencing a notable increase this week. How can we explain that the TRX is soaring and will it last?

Tron: the TRX is rising with the rise of memecoins

The breakthrough in the TRX price has been gradual, with a clear increase since Sunday. In 3 days, the cryptocurrency has in fact increased by 25%, reaching a peak of $0.166 early this morning. It had been 3 years since the TRX had reached such a price:

As we explained to you yesterday, this sudden breakthrough is mainly due to the rise of a memecoin launcher on Tron: SunPump. Inspired by Pump.fun, it is generating a lot of interest: it has already enabled the launch of more than 19,425 tokens.

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Income has also exploded: while fees amounted to $4.3 million 24 hours ago, they already show $7.6 million this morning.

BTT price also affected by the trend

The BTT price has also been affected by this trend. As a reminder, the cryptocurrency is linked to BitTorrent, a protocol that was bought by Justin Sun, the creator of Tron. As a result, BTT is also showing a net increase, with +18.9% over the last 7 days.

Originally, BitTorrent is a peer-to-peer exchange protocol, which launched its cryptocurrency after the buyout in 2019. It uses certain decentralized applications (dApps) developed on Tron.