beincrypto.com
Tron ($TRX) has reached a new all-time high today after the price rallied by 12% in the last 24 hours to reach $0.23. The development also ensures that the altcoin’s market cap climbed above $20 billion, which is also a new high.
This significant surge could be linked to the broader rally in altcoins’ value and rising institutional and retail interest in the token. But will $TRX’s price continue to rise?
Tron Rising Demand Drives It to New Peak
Thirty days ago, Tron’s price was $0.16. After a 41.02% hike since then, it sits at a new all-time high. Before this milestone, $TRX’s all-time high was in June 2018, when its value climbed to $0.22 and was below this threshold for a long period.
But with rising buying pressure over the last few weeks, Tron’s price hit 0.23, and speculation spread that it could go higher.
This is a developing story…