In the past few days, there has been a shift in trading volume from Solana (SOL) and Ethereum (ETH) to Tron (TRX). This trend is supported by data, but for those who trade crypto regularly, the movement is evident even without looking at the numbers.
Tron’s price has responded positively to this shift, along with the broader market recovery today. TRX has risen by 12%, now trading above $0.15.
The crypto analyst “Wise Advice,” who has over 250k followers on Twitter, highlighted some key reasons why Tron might experience a surge similar to Solana’s pump.
Tron Leading in Key Metrics
He notes that Tron’s fundamentals have significantly strengthened since the launch of the “SunPump” initiative. Over the past seven days, Tron recorded $40.1 million in network fees—higher than any other blockchain during the same period. Additionally, the number of active addresses on the network reached 2.15 million in the last 24 hours, more than any other blockchain.
This surge in activity is largely driven by the increasing hype around memecoins on the Tron network. What differentiates Tron’s memecoins from others, however, is their fair launch process and the absence of ‘snipers,’ or early buyers who can skew market dynamics.
If this momentum continues, Wise Advice believes that the demand for TRX could see a substantial increase. He also suggests that some Tron-based memecoins have the potential to reach market capitalizations of $500 million or even $1 billion.
As seen in the data, Tron currently leads in active addresses, far outpacing Solana, Base, and Binance Smart Chain (BSC). While Bitcoin has seen a +decline in active addresses (-15.20% over the last 24 hours), Tron continues to grow. This shift indicates a broader market trend, with users increasingly gravitating towards the Tron network, likely drawn by its lower fees and the ongoing memecoin hype.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +While Solana has posted a modest 2% gain today, Tron is clearly outperforming SOL at the moment.
The shift in trading volume and increased activity on the Tron network suggests that TRX could be poised for a significant price surge.
Read also: This Crypto Trader Predicts XRP Price Will Rally 302%
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
