Can Tron’s TRX hit $1 before December 10th?

Justin Sun’s Tron has been making headlines lately. The asset continued to rise to a high of $0.4407. This surge shook the entire market as the altcoin faced backlash due to its sluggish movement in the past. However, TRX’s recent rise has opened up the possibility of a possible rise towards the $1 zone.

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Tron’s TRX surges 80%

In the last 24 hours, TRX recorded an increase of almost 80%. At press time, the asset saw a slight pullback. The altcoin traded at $0.3908 after surging 66%. The cryptocurrency Tron is currently 9.48% below its peak.

This placed Tron in the top ten and is currently traded as the tenth largest cryptocurrency on the market. The altcoin’s market capitalization is currently $33.66 billion. Furthermore, the asset’s daily volume increased by a remarkable 529% and amounted to $14.56 billion. An increase in volume during a bull run reinforces bullish momentum.

According to data from IntoTheBlock, the number of daily large transactions on the Tron network also increased sharply. These significant transactions totaled $990 million after registering a 128% increase. All of this increases in several metrics

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Will $1 soon become a reality?

Currently, TRX is trading lower at $0.39, far away from the $1 mark, currently trading around 156% away from this value. Most cryptos are aiming to achieve this hallmark, the $1 mark, across a number of networks. It is difficult to reach this hurdle, but not impossible. According to CoinCodex, TRX is expected to record a new all-time high of $0.480. This represents a 24% increase from current price levels.

Amid this, Justin Sun declared on X (formerly Twitter) that TRX is the “next XRP.” Sun’s posts, including “TRX = XRP,” have caught the attention of the entire market. This is not just the Tron network, but also the XRP community. Several have even predicted that TRX would follow the price of XRP.