cryptonews.net
Tron founder Justin SUN is optimistic about the future of Tron (TRX). According to Sun, TRX price will reach a new all-time high (ATH) despite the current network performance and the asset’s fundamentals. Just three months after TRX hit an all-time high, Justin Sun says the asset will surpass its previous milestone. The project founder is confident that TRX will set another all-time high in the coming months after a sharp price drop.
TRX set an all-time high of $0.44 in December 2024 amid a broader altcoin rally. At $0.24, TRX is down 44.22% from its all-time high, but analysts still share a similar view with Justin Sun. The seven-day chart of TRX shows a steady increase of almost 7%, fueling speculation that TRX will reach $1.
Despite trading at nearly 50% of its all-time high, the Tron network is showing impressive network activity. Analyst Ali Martinez confirmed that active addresses have reached 2.94 million, a two-month high. An analyst who goes by the pseudonym Crypto Patel reported that TRX is heading towards $1, expressing confidence that the asset will reach the target in a bull run.
Image: freepik
Designed by Freepik