TRON (TRX) is really making a splash right now! At $0.1578, it’s at a three-year high. This massive jump has pushed TRON’s market cap to a staggering $13.65 billion. But what’s driving this insane rise, and could there be more to come for TRX? Let’s take a look at the numbers and see what’s going on!
TRON's market cap is skyrocketing
TRON price has increased by 12.45% in just 24 hours and by a whopping 22% in the past week. That’s a huge boost! This has caused its market cap to skyrocket to $13.65 billion, knocking Cardano (ADA) out of the top 10 crypto rankings. The 30-minute chart shows that TRX is trading at a critical level of $1,152. If it breaks the resistance at $1,155, it could skyrocket to $1,580. However, if it drops below $1,152, we could see a shift in momentum. In that case, the price could drop to support levels at $1,482 or even $1,453. The current market fluctuations mean that TRX could be in for some wild ups and downs!
SunPump's Meme Coin Frenzy
So what’s driving TRON’s skyrocketing rise? The key appears to be SunPump, a new meme coin platform that’s making waves. Since SunPump launched, around 40,000 new meme tokens have been launched.
Since its launch, it has generated around $6.2 million in revenue. That’s some serious exponential growth. This meme coin craze is playing a huge role in TRON’s price rise, with many investors jumping in hoping for big profits.
Sales Increase: TRON's Financial Explosion
The revenue figures also show how much SunPump is positively influencing TRON. According to Dune’s data, the total revenue from token launches on SunPump has skyrocketed to a whopping 3,792,453 TRX. The number of tokens launched jumped from 354 on August 13th to an incredible 11,174 on August 19th.
Many of these tokens are TRON versions of popular coins like PEPE that many people are excited about. Now that TRON is listed on Dexscreener, it will gain even more visibility. This could attract even more investors and propel TRX to new heights.
Dex Screener Integration: TRON's New Journey Has Begun!
TRON has officially integrated into Dex Screener, a move that will increase the platform’s visibility on a massive scale. Justin Sun, the charismatic founder of TRON, announced this exciting development on X (formerly Twitter). Now that TRON is featured on Dexscreener, the exposure for TRON and its projects will reach new heights.
What now?
With TRON’s market cap skyrocketing and the explosion of SunPump’s meme coins bringing in big revenues, things are looking bright for TRX. Investors are keeping a close eye on these developments. The numbers suggest that TRX is poised for even bigger gains. If trends continue like this, a 50X increase might not be far off. If you’re considering investing, now might be the perfect time to get in before the next big jump!
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