Tron (TRX) Skyrockets 15% on XRP Hype: Details

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As a seasoned researcher with over two decades of experience in the digital currency ecosystem, I’ve witnessed the rise and fall of numerous cryptocurrencies. The recent surge of Tron (TRX) and XRP has certainly caught my attention, with each coin displaying unique traits and trajectories.

Recently, some unexpected ups and downs have occurred in the larger digital currency market, with Tron (TRX) and XRP receiving particular attention. Over the past month, it’s been XRP that has spearheaded the market surge; however, currently, XRP is playing a game of catch-up. In the last 24 hours alone, Tron has significantly increased by more than 15.75%, reaching $0.2388. This growth moves Tron closer to the top 10 digital assets in terms of ranking.

Tron becoming next XRP

In a recent post on X, Tron Founder Justin Sun triggered community enthusiasm when he noted that Tron is becoming the next XRP. This statement has many explanations, but the most possible hinges on XRP’s parabolic growth run.

Instead of TRX, which saw a modest rise of 24% in the last seven days, XRP has experienced a significant surge of more than 107%. In the past month, XRP has soared by over 435%, while Tron’s growth was relatively lower at approximately 44%.

Here’s a more conversational way of saying that: XRP has regained its position as the third biggest digital asset by overtaking Binance Coin (BNB), thanks to these unique growth patterns it boasts. Changpeng Zhao, on the other hand, expresses his hope for Tron (TRX) to follow a similar trajectory and generate excitement within its ecosystem, as well.

Originally, Tron reached into the top 10 cryptocurrencies with a market value approximately $20 billion, but it hasn’t achieved the same level of ranking as XRP so far. This continues to drive its aspirations for further growth.

XRP now altcoin model

For the last four years, XRP has been in dispute with the U.S. Securities and Exchange Commission (SEC) over its classification as a commodity. Although Judge Analisa Tornes clarified that XRP is not considered a security, the legal battle between Ripple and the SEC persists to this day.

With Gary Gensler’s departure from the commission imminent, there’s optimism among community members that a more crypto-friendly SEC chair might take his place. This change could potentially lead to a softer stance on the regulatory body’s previous appeals.

The combination of this feeling and the revolutionary XRP ETF product are casting a brighter light on the coin, encouraging further growth. Additionally, it seems that Tron’s Justin Sun is eager to explore this fresh territory.

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2024-12-03 16:49