Although the 'altcoin season' is late, today we need to talk about the recent TRX, an old-brand token that is often overlooked by the industry, which has suddenly surged like a dark horse, with its daily increase doubling, shocking the entire crypto market. This is not only the carnival of TRX, but also the carnival of the entire TRON ecosystem!
Looking at the other tokens in the TRON ecosystem, they are also one more fierce than the other. The 24-hour maximum increase of JST exceeded 70%, and BTT, SUN, and SUNDOG, these TRON-based tokens, have also followed the rise, and the entire TRON ecosystem is simply crazy. The total locked value (TVL) ranking is second, about $36.3 billion, with a 24-hour increase of 66.1%, which is enough to make people envious.
Currently, TRX's market capitalization is also constantly rising, and it has once again entered the top 10 of the crypto market capitalization ranking. So, why is TRX's performance so brilliant? Has TRON ushered in a moment of value discovery?
When it comes to value discovery, we have to talk about TRON's fundamentals. Although many people have prejudices against TRON for various reasons, we cannot ignore its strong fundamentals. TRON was founded by Justin Sun, with the aim of building a decentralized public chain system. TRX, as TRON's native token, its main role is to incentivize users to participate in the construction and maintenance of the network, and maintain the security of the network.
In recent years, TRON's development has been rapid. It has not only made continuous breakthroughs in technology, launching various innovative functions and products, but also achieved remarkable results in market expansion. According to public data, TRON's various data have repeatedly hit new highs, with over 270 million accounts, over 9.1 billion transactions, and a total transfer amount of over $15 trillion, which is enough to prove its activity in the market and user base.
Why can TRX stand firm in the crypto market? There is a lot to be said about this. TRON has always been very capable in technology, like a technical expert, constantly optimizing blockchain performance, fast transaction speed, low transaction cost, abundant stablecoin quantity, and a safe and smooth user experience. TRON has been shining in the midst of the continuous emergence of many crypto projects over the years, and investors and users have long voted with their feet.
For example, during the political turmoil in South Korea, TRON directly demonstrated its "reliable" characteristics. At that time, the Korean won exchange rate plummeted, and the centralized crypto exchanges in South Korea collapsed, causing investors to be anxious like ants on a hot pot, and they rushed to transfer their funds to overseas exchanges. This is when TRON came in handy, as the USDT under the TRC-20 protocol served as a value storage for Koreans in times of crisis, and also played the role of a hard currency at a critical moment, ensuring the stable operation of the important market.
Value is only seen when it is in demand, and those who understand it understand.
Whether it is the real application scenarios, the accumulation of user base, or the performance of user activity, TRON has undoubtedly firmly established itself on the fundamentals and become the well-deserved "value coin". In the "altcoin" season of major value discovery, the surge of TRX is naturally understandable.
It is worth noting that TRX, like BTC, SOL, and Pepe, is one of the first batch of coins to break through historical highs. After this surge, the previous value investors have reaped a great miracle, while the prejudiced ones have shot themselves in the foot.
In addition to the strong fundamental support, the surge of TRX also benefits from the push of some market expectations. The most eye-catching one is the expectation of the TRX ETF covering more important markets. ETF, or exchange-traded fund, is a fund that is listed and traded on the exchange, tracking a specific index (such as stock index, bond index, crypto index, etc.). If TRX can successfully launch an ETF in the US, it will attract more institutional and retail investors to participate, further driving the price increase of TRX.
Of course, the surge of TRX is not achieved overnight. In this process, there are also some other factors that have played a key role. For example, Justin Sun's series of operations have added a lot of impetus to the rise of TRX.
Do you still remember Justin Sun's investment in the Trump family's crypto project? This "Mr. Sun" is a tough guy. He not only invested $30 million in the Trump family's crypto project, but also directly became the largest investor and advisor of this project. This move not only greatly increased the compliance and market expansion expectations of TRX, but also greatly enhanced the visibility of TRX in the crypto industry and the political and business circles.
In addition, Mr. Sun is also very good at using social media to promote TRX. He often posts the latest dynamics and positive news about TRON on various social media platforms, attracting a lot of attention and discussion. Although this high-profile promotion method sometimes causes some controversy and doubts, it is undeniable that it has brought more exposure and attention to TRON and TRX.
For example, Mr. Sun's $620,000 purchase of the world's most expensive banana "Comedian" and his attendance at the release conference have also added a lot of impetus to the rise of TRX. When he ate the banana worth a fortune in public, the whole event immediately ignited the internet. Mr. Sun knows well that in a bull market, attention is too important. His move not only sparked a widespread public discussion on the artistic value, but also cleverly linked it to TRX, TRON, and the crypto culture. This is a great move: "Brilliant, brilliant!"
Even if he doesn't do value creation, just from the pure "abstract" perspective, Mr. Sun is still a master. With such a founder who has money and loves all-round, multi-dimensional, and omnidirectional genius marketing, how can TRX not rise?
Currently, in addition to Mr. Sun's operations, the surge of TRX also benefits from the overall bull market atmosphere in the crypto market. In a bull market, investors' sentiment is very high, and they are more willing to take risks and pursue high returns. As a potential and promising altcoin, TRX naturally becomes their focus of attention. Combined with TRX's strong fundamentals and market expectations, its price increase is not surprising.
Let's also talk about the development of the TRX ecosystem. The surge of TRX is not only due to its own rise, but also due to the thriving development of the entire TRON ecosystem. The TRON ecosystem is a decentralized ecosystem, which includes various decentralized DeFi applications, games, wallets, and other products and services. These products and services not only enrich the application scenarios and ecosystem of TRX, but also provide more support and momentum for the price increase of TRX.
For example, Justlend in the TRON ecosystem is a very popular lending protocol. It provides lending services for various cryptocurrencies, and its TVL is second only to the four "king-level" protocols on the Ethereum chain. With the continuous development and growth of Justlend, it has attracted more and more users and trading volume, indirectly driving the price increase of TRX.
