Tron Cryptocurrency Set for Surge: Is TRXUSDT Prepared to Reach $1?
Tron has surged 15% over the past week as TRXUSD appears poised to emerge from its four-month consolidation phase. Will the expansion of Decentralized finance, backing from World Liberty Financial, and growth in stablecoins propel TRX to $1?
Tron has established itself among the top 10 cryptocurrencies, eclipsing Cardano and LEO Crypto token, as reported by Coingecko. While the crypto token has remained fairly stable in the last 24 hours with a gain of approximately 4%, boosting its weekly total to over 12%, an analyst on X suggests that it might exceed its 2024 peak and reach as much as $1.
#TRON has already jumped 180% since we entered the crypto market — and I’m far from finished.
My goal for $TRX in this bull run is $1… with anything above that being a bonus.
What fuels this optimistic outlook?
— Crypto Patel (@CryptoPatel) April 13, 2025
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Is Tron Set to Break Out?
Currently, TRX is trading close to $0.256, having risen 15% over the last week. However, TRXUSDT has largely been confined within a four-month trading range since mid-December 2024, with upper barrier level around $0.30 and lower support near $0.20.
(TRXUSDT)
From a technical standpoint, TRX digital currency is expected to surpass $0.30 in the upcoming trading sessions. Should this occur, buyers from the first half of Q4 2024 could take control, potentially pushing prices to as high as $0.40 as the trend continues.
This in turn could channel capital into some of the most promising presales to consider in April 2025.
World Liberty Financial, Backed by Trump, Looks to Purchase TRX
This projection is attributed to several fundamental indicators, with the analyst emphasizing the involvement of World Liberty Financial (WLF) at the forefront.
The DeFi platform, associated with the Trump family, is likely to make significant investments in ETH digital currency and some of the top cryptocurrencies to buy in the broader Ethereum ecosystem. Nonetheless, the team also intends to acquire TRX.
While details of the investment remain vague, the mere association with institutional backing linked to political ties might enhance market sentiment, propelling prices higher.
The precise volume of TRX WLF aims to purchase is yet to be determined, but it could be substantial. Tron DAO, as indicated by Justin Sun, the founder of Tron, has invested $75 million in the WLFI safety crypto token.
We @trondao are enhancing our investment in World Liberty Financial by an additional $45 million, thereby raising the total investment to $75 million. @worldlibertyfi @EricTrump @DonaldJTrumpJr @realDonaldTrump
— H.E. Justin Sun
Tron Ecosystem Grows, DeFi TVL Surpasses $4.9 Billion
In addition to this investment, the Tron ecosystem is expanding rapidly. According to DeFiLlama, the total value locked (TVL) within Tron now stands at over $4.9 billion.
(Source)
Should Decentralized finance growth continue, similar to 2021, TRX is likely to rise, driven by heightened market demand for TRX, the utility token utilized for transaction fees.
The increase in DEX volume to approaching $120 million in just one day underscores this trend. The number of daily active addresses exceeds 2.6 million. This rise in active users aligns with the growth of its USDT stablecoin market cap, which has now surpassed $68 billion.
(Source)
Throughout the years, Tron has established itself as a leading platform for stablecoin transactions, particularly USDT.
If the Trump administration establishes clear regulatory frameworks regarding stablecoins and the coin achieves broader acceptance, Tron, being a widely-used protocol, could lead the charge in growth, enhancing its trading market valuation.
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Tron Aims for $1, TRXUSDT Up 15% as Decentralized finance TVL Reaches $4.9B
- Tron rises 15% weekly; will TRXUSDT achieve $1?
- World Liberty Financial is considering TRX
- Tron DAO invests in World Liberty Financial
- USDT stablecoin on Tron reaches $68 billion
The article Tron Crypto Poised for Breakout: Is TRXUSDT Ready for $1? first appeared on 99Bitcoins.
