Justin Sun Predicts TRX ATH
Tron founder Justin Sun has expressed unwavering optimism about the future price of Tron (TRX), predicting it will reach a new all-time high (ATH).
Justin Sun's TRX ATH Prediction
Just three months after TRX briefly hit its previous ATH of $0.44 in December 2024, Sun took to X (formerly Twitter) to reiterate his bullish outlook. Despite a recent price drop to $0.24 (representing a 44.22% decline from the peak), Sun remains confident. His statement was simple: "TRX will hit ATH no matter what happens."
This prediction, however, comes amidst a backdrop of uncertainty. While TRX has seen a recent 7% increase over seven days, fueling speculation, some investors remain cautious.
Increased Network Activity
Despite the price fluctuation, Tron's network activity remains strong. On-chain analyst Ali Martinez noted that active addresses have reached 2.94 million, a two-month high. This increased activity is viewed by some, like analyst Crypto Patel, as a positive sign pointing toward a potential price rise towards $1 during this bull run.
Factors Influencing TRX Price
- Sun's investment in World Liberty tokens (backed by the Trump family) has sparked speculation.
- The exclusion of TRX from the Crypto Strategic Reserve has caused some investor concern.
- Legal challenges facing Sun, including a potential lawsuit from Chain for alleged market manipulation and an ongoing SEC investigation, introduce additional risks.
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Disclaimer: This article presents information from various sources and does not constitute financial advice. Market conditions are volatile. Conduct thorough research before making any investment decisions. Codeum and the author are not responsible for individual investment losses.