Tron (TRX) has displayed an immense price surge this week, following that of XRP, and reclaiming the top ten position in terms of market cap. This tremendous increase came after years of poor price performance but in light of Justin Sun’s recent ambitious activity in the crypto space, TRX now attracts new retail investors that are roaming the market in search of quick profits.
Brief History of Tron Emergence, BitTorrent Acquisition
Young ambitious digital entrepreneur Justin Sun created the Tron blockchain with a native cryptocurrency TRX in 2017, when ICOs (initial coin offering) were still allowed in China and generally popular in the crypto space as a powerful tool for raising funds to kickstart new blockchain projects.
Tron managed by the Tron Foundation was focused on decentralizing the Internet and disrupting the industry of digital entertainment. Initially, Tron was built on the Ethereum blockchain as an ERC-20 token. In 2018, Tron transitioned to its own mainnet, embracing independence and scalability. Currently, Tron is able to handle 2,000 transactions per second, charging users tiny fees. As many blockchains that were born after Tron, Justin Sun’s brainchild thus earned a name “Ethereum Killer.” During its rise, Tron faced multiple challenges, including some in the crypto community accusing Tron of plagiarism and critiques regarding its extensive reliance on marketing rather than proper development.
Justin Sun’s Recent Successful Projects
Justin Sun has turned into a prominent figure and influencer in the cryptocurrency space as he drove the Tron chain forward to new peaks and achievements. His leadership has helped Tron to break beyond the original concept and vision. Among the first achievements after departing from Ethereum to its own mainnet was the acquisition of the largest peer-to-peer file-sharing platform BitTorrent by Justin Sun for $140 million. In 2019, BTT token emerged as a result of Sun taking the reign of the platform in his hands.
In 2020, he even had a notable lunch with the world’s renowned investor and Omaha Prophet Warren Buffett. Sun won this privilege after donating $4.5 million to the charity of Warren’s wife as an auction bid. The crypto billionaire Sun brought a long almost a dozen guests – other blockchain sphere leaders, including Litecoin founder Charlie Lee, the eToro CEO Yoni Assia, the head of Binance Charity Foundation Helen Hai, who came in place of the Binance founder and CEO back then CZ, CFO of Huobi Chris Lee, and others.
Sun presented Buffett with a Samsung smartphone that contained a crypto wallet loaded with BTC and TRX. Sun launched Tron-based USSD stablecoin pegged to the USD, rivalling the already popular existing analogues – USDT and USDC. USSD added utility to the Tron chain, attracting new users and developers to it.
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In the course of his bright career after creating Tron, Sun stepped down as the Tron Foundation CEO, he acquired crypto exchange Poloniex, then served as Grenada’s Ambassador to the World Trade Organization (WTO) between 2022 and 2023. After that, he returned to the crypto space and bought the top crypto exchange Huobi.
Recently, he launched a meme coin SUN, actively promoting it on the X app. SUN became the governance mechanism for Tron’s decentralized finance (DeFi) apps. He also created a launchpad for meme coins called SunPump, thus challenging rivals with similar ventures, such as Solana’s Pump.fun. SunPump has helped to kickstart many meme cryptos that later managed to reach impressive highs, like SunDog (the top 337 crypto on CoinMarketCap now). SUNDOG quickly soared to a market capitalization of nearly $200 million.
Earlier this fall, Sun announced an acquisition of the conceptual piece of art “Comedian” authored by Maurizio Cattelan, for $6.2 million, which is basically a banana duct-taped to a wall. This move garnered a great deal of attention from the media in the crypto space and beyond, capturing the public interest.
Tron (TRX) Rockets to New All-Time High
This week, TRX printed a crazy daily growth of more than 94% as it exploded from $0.23 to $0.45, which propelled it to a new all-time high of $0.4407. Tron’s market cap also witnessed a major boost, pushing the coin to the top ten place on the analytics CoinMarketCap website.
Tron’s previous ATH was seen six years ago – in January 2018. The reasons behind this surge are seen in the rapidly ascending Bitcoin and altcoins gaining speed following it. Besides, in early November, Tron’s user base reported a huge growth to the level of 270 million accounts with 8.8 billion transactions in total.
This week, once XRP jumped over $2, Justin Sun tweeted that TRX is a new XRP, before TRX hit the record price peak. Besides, he tweeted a hint about a potential release of Ripple’s new upcoming RLUSD stablecoin on the Tron blockchain, along with Ethereum and XRPL. Currently, TRX is trading at $0.32.
Tron Price Prediction 2025
Tron (TRX) price predictions for 2025 vary depending on assumptions about market conditions and adoption trends. Optimistic forecasts suggest the cryptocurrency could trade between $0.32 and $0.39, with an average price of approximately $0.33 during the year. This outlook is based on growing adoption of Tron’s blockchain technology, particularly in decentralized finance (DeFi) applications, as well as its low transaction fees and deflationary supply model.
On the other hand, more cautious analyses project a narrower price range of $0.10 to $0.22. These estimates take into account potential headwinds such as regulatory scrutiny and controversies surrounding the leadership of the Tron network.
The future price of TRX will likely depend on broader cryptocurrency market dynamics, investor sentiment, and the resolution of regulatory and reputational challenges. While Tron’s strong network activity and utility are promising, its growth may be hindered if these risks materialize. As with any cryptocurrency, investment in Tron carries significant volatility and should be approached with caution.
