Tron Hits All-Time High as Justin Sun Invests $30M in WLFI Tokens

Justin Sun’s Bold Investment Sparks Tron Hits All-Time High

With a market valuation of over $20 billion, the Tron token has sent forth yet another bullish signal for altcoins heading into 2025. According to Cointelegraph data, the price of Tron increased by more than 13% in the 24 hours before December 3, reaching a new all-time high of $0.23. TRX is up more than 101% year-to-date (YTD) and 42% on the monthly chart. TRX hit a new all-time high after Justin Sun, the founder of Tron, said on November 25 that he had invested $30 million in World Liberty Financial (WLFI) tokens, making him the largest investor in Donald Trump’s cryptocurrency initiative.

Altcoin Season Incoming? TRX Rally and Bitcoin Dominance Drop Fuel Speculation

The new all-time high of the TRX token, according to some analysts, is the most recent indication of a possible altcoin season, in which smaller cryptocurrencies may see a December bounce. More and more researchers predict that there will be an altcoin boom in early 2025, which could see Ether reach $4,000 before US President-elect Trump formally assumes office on January 20.

On November 30, Bitcoin dominance dropped below its two-year support level, suggesting that the altcoin season may be about to begin. A decline in the dominance of Bitcoin indicates that investors are profiting from their holdings of the cryptocurrency and transferring some of their money to other cryptocurrencies. Trader Mikybull Crypto stated on Dec. 3 that the cryptocurrency rally for December had already started, based on historical trends that emerged despite a dropping ratio of altcoins to Bitcoin’s market capitalization.

Altseason for this cycle begins. This is the perfect indicator for altszn.

Mikybull Crypto

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