TL;DR
- TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol.
- The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships.
TRX’s Impressive Rally
TRX – the native token of Tron – has been among the top-performing cryptocurrencies lately. Earlier this week, its price exceeded $0.16 for the first time since April 2021, while the market capitalization neared $14 billion. The substantial uptick positioned TRX as the 11th biggest cryptocurrency, flipping Cardano (ADA), which trails behind on the 12th spot.
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