Tron vs MATIC: Who Will Hit $1 First?

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Crypto investors are currently in a holding pattern, hoping for a revival of the altcoin market to recoup losses during the ongoing correction. Unfortunately, this bull run may not materialize soon, leading to heightened selling pressure on cryptocurrencies like Tron. The challenge lies in deciding which crypto to hold onto and which one to sell.

The communities surrounding Tron and Matic, two prominent cryptocurrencies, face a dilemma as they eagerly watch for these digital assets to reach the $1 mark in order to maximize their investments.

In this post, we’ll compare Tron and Matic and discuss which of these altcoins may reach a value of $1 first.

Tron (TRX) Price Analysis

Tron stands out for bringing decentralized app tech to the entertainment sector. Initially, it was just an ERC-20 token, but eventually, it developed its own network.

Currently, TRON is priced at $0.1078 during this writing session. The coin has experienced a weekly slump of around 9.79%, and on a daily basis, it has decreased by approximately 3.64%. As a result, the market capitalization has taken a hit, dropping to roughly $9.44 billion, which represents a daily decline of about 4.63%.

Tron vs MATIC: Who Will Hit $1 First?

In the interim, the trading volume for TRX has significantly increased to reach a total of $430,112,597, marking a 30.71% rise. However, despite hitting its best value in mid-March, TRX remains far from reaching the dollar mark. This is an unexpected development given that the highest value recorded for TRX this month and this year has only been $0.3004, which was achieved six years ago.

According to current trends, the TRX community’s anticipation doesn’t exceed the all-time high (ATH) mark. However, following the halving event, there is a possibility that the bull market will shift the perspective for TRX.

Polygon (Matic) Price Analysis

Instead of Tron, MATIC‘s price is more around the $1 level. Additionally, it has previously spiked over $1, as seen with last month’s peak at $1.2714.

An option besides Ethereum that goes by the name of Polygon aims to provide quicker and more affordable transaction solutions. Currently, MATIC‘s price is at $0.6803 following a 21.58% decrease in value over the past week. Yet, there has been a slight improvement from the previous day with a 1% increase. Similarly, its market cap has also seen a minor uptick to $6,740,404,581.

Tron vs MATIC: Who Will Hit $1 First?

MATIC’s trading volume has experienced the most significant growth, increasing by approximately 41.70%. As a result, its value now stands at over $356 million.

Although MATIC experienced some positive price action over the past several months, it has yet to reach its previous record high of $2.92, which was established approximately two and a half years ago.

Who Will Hit The $1 Mark First?

While MATIC has a higher price history than Tron, Tron’s greater market capitalization makes it the victor, despite having a lower value.

Currently, the crypto market is experiencing a correction period, meaning significant price increases are unlikely before the halving event takes place. Consequently, none of these cryptocurrencies will suddenly reach a value of $1. However, in the future, both cryptos have the potential to reach that price, regardless of their current standing or past performance.

In a comparison between Tron and Matic, it’s likely that MATIC will surpass a price of $1 first due to its stronger reputation in the cryptocurrency industry and recent noteworthy advancements.

Final Thoughts

Tron and Matic are two popular cryptocurrencies, currently ranked among the top 20 based on market capitalization. These digital assets have recently attracted the attention of crypto investors due to their strong performance in the past month. As we move forward, it will be intriguing to observe how the post-Bitcoin halving bull run will impact the growth trajectories of Tron and Matic.

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2024-04-18 20:10