Justin Sun has broken his silence on the trend in the broader digital currency ecosystem, sharing insight that Tron, his flagship asset, may test new highs this quarter.
Tron founder Justin Sun is quite optimistic about how the coming weeks will turn out for the cryptocurrency ecosystem, with a focus on TRX.
In a recent post, he predicted the coming of a fresh all-time high (ATH) for TRX before the end of this second quarter. The timing of this post has made traders and investors very attentive to the projection.
Tron Still Far From Last ATH
In the last few weeks, the broader crypto ecosystem has experienced some fluctuations that have made it quite difficult to tell the exact state of the market.
The market is neither bearish nor in a state of euphoria. Rather, it looks as if there is an expectation for an event or situation that will change the rhythm. Interestingly, the Tron founder’s statement may be that push that Tron holders expect.
TRX has steadily dropped, with almost 50% of its 2024 gains lost. At this writing, the coin traded at $0.2471, down by 1.05% in the last 24 hours.
Even with this price slip, the numbers remain grounded, particularly because they are still around 3.19% higher this week. The coin remains more than 40% less than its last ATH of $0.4407, recorded in early December 2024.
TRX is still a long way from its ATH compared to the current price level. How much more hiking is needed to reach a new ATH?
The market cap of TRX, USDT on Tron, and USDD on Tron will all hit all-time highs in Q2. Mark my words!
— H.E. Justin Sun 🍌 (@justinsuntron) April 13, 2025
To close in just a couple of months and reach the level predicted by Sun, especially considering the recent sideways consolidation, will require a strong catalyst. Although, the price level is not an impossibility based on technical analysis.
President Donald Trump Rolls Back Tariff Policies
On a larger scale, the broader crypto market has seen some rebound these last few days. Bitcoin (BTC) has improved, as the flagship cryptocurrency now trades at $83,782.33 after losing 0.85% of its 24-hour gain. Ethereum (ETH) and other altcoins have recovered slightly from the market crash.
The pivot is attributed to President Donald Trump’s move regarding tariff policies. He has rolled back a chunk of his hardline tariff policy, which delivered welcome news to the tech sector.
This new development extends to digital assets, leading to price changes. At this rate, BTC may eventually achieve the price predicted by Cardano co-founder Charles Hoskinson.
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