Altcoin
Tron Founder Justin Sun Asserts TRX Price Will Hit New ATH
Tron founder Justin Sun is rippling with optimism over the future of Tron (TRX) as he eyes a new price level. According to Sun, TRX’s price will reach a new all-time high (ATH) despite the current on-chain indicators and fundamentals around the asset.
Justin Sun Targets New All-Time High For TRX
Barely three months after TRX hit an all-time high, Justin Sun says the asset will surpass its previous milestone. The project’s founder took to X (formerly Twitter) to predict the future price of TRX amid a cloud of uncertainty.
For Justin Sun, TRX will set another all-time high in the coming months following a steep drop in asset prices. TRX set a new all-time high of $0.44 in December 2024 on the back of a broader altcoin rally but recent prices pale in comparison.
“TRX will hit ATH no matter what happens,” said Sun in an X post.
With prices at $0.24, TRX has fallen by 44.22% from its all-time high but analysts are still sharing a similar sentiment with Justin Sun. TRX’s seven-day chart indicates a steady upward climb of nearly 7%, sparking speculation that TRX will reach $1.
Tron Network’s Activity Heats Up To A Boil
Despite trading at nearly 50% from its all-time high, the Tron network is recording impressive network activity. Onchain analyst Ali Martinez confirmed that active addresses have reached 2.94 million, marking a two-month high.
Pseudonymous analyst Crypto Patel revealed that TRX is barrelling toward $1, expressing confidence that the asset will reach the target in this bull run.
A hefty investment by Justin Sun in the Trump family-backed World Liberty tokens has fuelled speculation for an upward climb for TRX. However, the exclusion of the TRX in the Crypto Strategic Reserve has left a bad taste in the mouth of investors.
Amid speculation involving TRX, the Chinese-born entrepreneur is grappling with his fair share of legal troubles. Justin Sun is staring down at the possibility of a lawsuit from blockchain protocol Chain for market manipulation. The US SEC is exploring a resolution to Justin Sun’s civil fraud case following the securities watchdog dismissal of Kraken’s case.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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