TRONs $13.65B Market Cap Explosion
TRON (TRX) is really making a splash right now! With its price hitting $0.1578, its at its highest point in three years. This huge jump has pushed TRONs market cap to a jaw-dropping $13.65 billion. But whats causing this crazy rise, and could there be even more to come for TRX? Lets dive into the numbers and see whats going on!
TRONs Market Cap Going Through the Roof
TRONs price has shot up by 12.45% in just 24 hours and a whopping 22% over the past week. Thats a huge boost! This has rocketed its market cap to $13.65 billion, kicking Cardano (ADA) out of the Top 10 crypto rankings. The 30-minute chart is showing TRX at a critical level of $1.152. If it breaks through the resistance at $1.155, it could shoot up to $1.580. But if it drops below $1.152, we might see a shift in momentum. In that case, the price could slide to support levels at $1.482 or even $1.453. The current market swings mean TRX might be in for some wild ups and downs!
SunPumps Meme Coin Frenzy
So whats driving TRONs sky-high rise? The key seems to be SunPump, a new meme coin platform thats been making big waves. Since SunPump started, around 40,000 new meme tokens have been launched.
Since launch, around $6.2M revenue has been generated. Thats some serious exponential growth. This meme coin madness is playing a huge part in TRONs price surge, with lots of investors jumping in hoping for big profits.
Revenue Boost: TRONs Financial Explosion
The revenue numbers are also showing just how much SunPump is affecting TRON in a positive way. According to Dunes data, total revenue from token launches on SunPump has skyrocketed to a massive 3,792,453 TRX. The number of tokens launched jumped from 354 on August 13 to an incredible 11,174 by August 19.
Many of these tokens are TRON versions of popular coins like PEPE, which is getting a lot of people excited. With TRON now featured on Dexscreener, its getting even more visibility. This could draw even more investors and push TRX to new heights.
Dex Screener Integration: TRONs New Journey Started!
TRON has officially been integrated into Dex Screener, a move thats set to turbocharge the platforms visibility at a large scale. Justin Sun, the charismatic founder of TRON, announced this exciting development on X (formerly Twitter). With TRON now featured on Dexscreener, the exposure for TRON and its projects is about to hit new heights.
Whats Next?
With TRONs market cap shooting up and SunPumps meme coin explosion driving big revenue, things are looking bright for TRX. Investors are keeping a close eye on these developments. The numbers suggest that TRX could be on the brink of even bigger gains. If the trends keep going this way, a 50X surge might not be too far off. If youre thinking about investing, now could be the perfect time to jump in before the next big leap!
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The post TRONs $13.65B Market Cap Explosion first appeared on Crypto News.
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