Tron (TRX) Price Prediction Dec. 4: Justin Sun’s $30M Trump Crypto Bet Sends TRX to New All-Time Highs! Is TRX a Good Catch Today?

Tron’s TRX is on fire right now. The price upswinged 100%, hitting $0.45, and the market cap reached a record $39 billion. This all happened after Justin Sun, the founder of Tron, made a daring move. He put $30 million into Donald Trump’s new crypto project, World Liberty Financial (WLF).

We're honored to have the support of @justinsuntron and @trondao ! Together, we're driving innovation, aligning on a vision for a stronger blockchain future, and contributing to the growing ecosystem. Exciting times ahead! 🦅🇺🇸 https://t.co/gtXwoJOAnL

— WLFI (@worldlibertyfi) November 25, 2024

There’s more. TRX climbed into the top 10 cryptocurrencies, pushing past Avalanche (AVAX) and getting closer to USD Coin (USDC).

Alt text: Tron’s token (TRX) is currently one of the Top 10 cryptocurrencies by market cap as of writing. Source: CoinMarketCap

TRX Hits New Highs

TRX is seeing some of its best days ever. On Tuesday, the price shot up to $0.45, doubling in just one day. Even though it dropped slightly to $0.40 the next day, it’s still holding firm. The market cap is now close to $39 billion, the highest it’s ever clinched.

Alt text: Tron (TRX) price rose by 100% on Tuesday, seizing $0.45. Source: TradingView.

This massive rally has a lot to do with Justin Sun. His investment in Trump’s project gave WLF a big boost, especially after Trump’s re-election. It also got investors excited about TRX. On top of that, other altcoins like XRP are having a good run, adding to the hype.

Here are some quick numbers: TRX hit $0.45 before settling at $0.40. The market cap is relaxing at $39 billion, now the 10th largest cryptocurrency, as of writing.

Justin Sun’s Big Moves

Justin Sun is making headlines again. His $30 million investment in WLF has turned heads. It even helped the project meet its financial goals, which benefits Trump’s vision of a crypto-friendly America. Sun also became an advisor to WLF.

But, Sun isn’t without controversy. The SEC has accused him of fraud and market manipulation. Even so, his influence in crypto remains strong.

Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of crypto asset securities Tronix and BitTorrent.

Read more:https://t.co/4tXgKNof6Q

— U.S. Securities and Exchange Commission (@SECGov) March 22, 2023

Tron itself is doing great too. Its blockchain is known for being fast, cheap, and comparatively chosen for decentralized finance (DeFi). More developers are choosing Tron for apps and smart contracts, which is helping it compete with big names like Ethereum.

Some highlights from Tron’s ecosystem:

• Tron handles a lot of Tether (USDT) transactions, which adds liquidity.

• Its DeFi platforms are pulling in both big and small investors.

• It works with other blockchains, which makes it more attractive to developers.

Where’s TRX Headed?

TRX is climbing fast, but it’s still a risky ride. Its price went up sharply, then dropped a bit, which shows how unpredictable crypto can be.

Some experts think TRX will keep going up. They point to Tron’s strong ecosystem and Sun’s big moves. Others aren’t so sure, warning about the legal troubles Sun faces and the risks tied to the crypto market.

Albeit, forecasts say, by 2024, TRX could hit $0.50 to $0.60.

By 2025, it might climb to $0.75 or even $1.

And, by 2030, some think it could eye $1.80 if things keep going well.

TRX is having an amazing run. Justin Sun’s bold actions and Tron’s growing ecosystem are driving it forward. But crypto is a rollercoaster, and TRX is no different. If you’re thinking about investing, do your homework and be ready for the ups and downs.