- Sun’s Confident Prediction: Justin Sun believes TRX will hit a new all-time high (ATH) despite a 44.22% drop from its previous peak and ongoing market uncertainty.
- Rising Network Activity: Tron’s network is seeing increased activity, with active addresses reaching a two-month high, signaling potential bullish momentum.
- Legal and Speculative Drama: While Sun’s recent investments and predictions fuel speculation, legal issues, including a market manipulation lawsuit, hang over his efforts to boost TRX’s price.
Despite the lingering negative sentiment around the Tron project, Justin Sun is brimming with optimism about TRX’s future. In fact, he believes the price of TRX is headed for a new all-time high (ATH)—a bold statement given the current market conditions.
Sun’s Bold Prediction for TRX
Justin Sun, the founder of Tron, is confidently predicting that TRX will soar to new heights, even though the on-chain indicators and the asset’s fundamentals don’t exactly scream “bullish.” He recently took to X (formerly Twitter) to share his belief that TRX’s price will not just recover, but surpass its previous ATH.
It’s been barely three months since TRX hit an all-time high of $0.44 in December 2024, during a broader altcoin rally, but prices are now sitting much lower. Currently trading at $0.24, TRX has fallen a significant 44.22% from its ATH. But according to Sun, this doesn’t matter. “TRX will hit ATH no matter what happens,” he declared in a post, maintaining his unwavering optimism despite the pullback.
A Potential Rally Brewing
Though TRX has suffered a steep decline, there are signs that a rally may be on the horizon. Over the past seven days, TRX has posted a steady upward movement of almost 7%. This has sparked renewed speculation that the coin could be on track to hit the $1 mark, echoing Sun’s bold predictions.
Network Activity Shows Strength
Even with TRX trading nearly 50% below its all-time high, the Tron network has been heating up. Onchain analyst Ali Martinez recently confirmed that active addresses on the network have surged to 2.94 million, marking a two-month high. This uptick in activity could signal renewed interest and growing confidence in the Tron ecosystem.
Crypto analyst Crypto Patel also jumped on the bullish bandwagon, expressing confidence that TRX is barreling toward $1, driven by the current market momentum.
Speculation and Legal Challenges
Of course, the excitement around TRX doesn’t come without its share of drama. Justin Sun’s recent investment in the Trump family-backed World Liberty tokens has fueled speculation that this could be a factor in TRX’s potential price rise. However, the exclusion of TRX from the Crypto Strategic Reserve has caused some grumbling among investors, leaving a sour taste in the market’s mouth.
On top of that, Sun is not without his legal troubles. The entrepreneur is currently facing the prospect of a lawsuit from the blockchain protocol Chain, accusing him of market manipulation. Meanwhile, the U.S. SEC is looking into a potential resolution of Sun’s civil fraud case following the dismissal of Kraken’s case by the securities watchdog.
The Road Ahead for TRX
Despite the hurdles, Justin Sun’s unwavering belief in TRX’s future shines through. Whether the price will hit new heights or continue to languish remains to be seen, but with growing network activity and continued speculation, TRX’s journey is far from over.
