The Tron (TRX) token is hitting a key Milestone as the Market enters 2025 as The Market heads towards reaching $20 billion in market Capitalization.
TRX achieved a new all-time high of $0.23, marking a 13% increase in the 24 hours leading up to 10:20 AM UTC on December 3. The token has seen a 42% gain in the last month and 101% year to date (YTD) on a wider scale.
That came on the heels of Tron founder Justin Sun’s November 25 announcement that it would invest $30 million in another crypto initiative that’s backed by Donald Trump, the World Liberty Financial (WLFI), in which Sun invested the most.
Tron Reaches New Heights as Market Momentum Builds
Record high TRX performance is a signal that the ‘altcoin season’ is still on its way and small crypto will rally through December 2025 and into early 2025, according to market analysts. Ether (ETH) could reach $4,000 ahead of US president elect Donald Trump’s inauguration on January 20, predictions suggest.
At the same time, Bitcoin’s dominance dipped below a two year support level on November 30 as investors see the shift in focus toward altcoins. Since Bitcoin dominance tends to decline as BTC holders rebalance their portfolios from BTC into alternative tokens, the decline often reflects rational profit taking by someone with BTC holdings, and subsequent entry into alternative tokens; other market catalysts being behind.
Trader Mikybull Crypto alerted to historical altcoin patterns, stating in a Dec. 3 X post that the December altcoin rally has begun.
“Altseason for this cycle begins. This is the perfect indicator for altszn.”
Following Ether’s push into the top 10, Tron interest has skyrocketed, and searches for TRX on Google Trends have reached a three-month high of 39, which last occurred in September. It isn’t the only such news to contribute to the buzz, either: on November 21, Justin Sun scooped up a $6.2 million art piece—namely a banana taped to a wall.
Other altcoins are seeing early signs of strength as well, beyond Tron. According to Cryptobubbles, Hedera (HBAR) was November’s top performer among the largest 100 cryptocurrencies, surging 763% during the month. It came after news broke Canary Capital is planning an ETP on Hedera.
These developments come at a time when the market is getting ready for possible altcoin gains as investors embrace alternative cryptocurrencies in 2025.
