Tron (TRX) at $20: Justin Sun Invites Community to Do Simple Math

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As a seasoned researcher who has followed the crypto market for years, I must admit that the recent TRX rally to almost its all-time high is nothing short of fascinating. Justin Sun’s comment about it being “simple math” seems ironic, given the volatile and unpredictable nature of the cryptocurrency market. However, in this case, the math does seem to be working in TRX’s favor.

Tron’s (TRX) surge towards $20 and beyond is just a matter of basic arithmetic, as Justin Sun humorously pointed out regarding X. In reality, however, TRX is soaring; the price of TRX is almost touching its record high, despite the altcoin season being somewhat slow.

TRX up to 100x rally? Here’s what Justin Sun says

In a joking tweet, cryptocurrency exchange Poloniex decided to calculate the prospects of Tron’s (TRX) price given the fact that Tron’s founder Justin Sun just purchased a banana for $6.2 million. This formula spells out $20 for TRX as a resonable price, Poloniex wrote to 635,000 followers.

Simple math

— H.E. Justin Sun 🍌 (@justinsuntron) November 22, 2024

Sun found the comment amusing and proposed that considering the TRX price increase to surpass $20, which equates to a staggering 100-fold rise, could be boiled down to basic mathematical calculations.

On the 21st of November, 2024, Justin Sun, the founder of Tron and CEO of BitTorrent, made a purchase worth $6.2 million. The artwork he acquired was “Comedian,” a piece by Maurizio Cattelan, which is essentially a banana affixed to a wall with duct tape.

As an analyst, I’ve observed that the banana depicted in the artpiece is famously known as the most costly fruit globally. Currently, Sun has expressed his intention to personally savor this exotic delicacy as a unique cultural encounter.

The Tron community is buzzing with enthusiasm over Justin Sun’s recent performance, and they are confident that the TRX coin’s price will soon begin a new phase of market exploration.

Tron (TRX) price makes epic comeback

Among significant alternative cryptocurrencies, Tron’s TRX stands out as one that not only attained but surpassed the price peaks of past market upswings.

On November 18th, 2024, I observed Tron (TRX) surging to $0.204. Remarkably, this marks a price level unseen since early January 2018, indicating that the TRX/USD pair is inching towards its nearly seven-year highs.

Currently, TRX’s value needs to increase by approximately 10% to reach its highest ever recorded price. This digital currency is nearly joining the elite group of top 10 cryptocurrencies in terms of market capitalization, boasting a valuation over $17.2 billion.

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2024-11-22 19:01