CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-06-17 18:19:53

Can Tron price surge 60% and revisit December highs?

Tron price remained consolidated on Tuesday as investors reflected on the new public listing news. Tron ( TRX ) was trading at $0.2790, a few points above this week’s low of $0.2670. It has risen by almost 40% from its lowest level this year. The biggest Tron news is that it will execute a reverse merger with SRM Entertainment , a company that sells branded toys. Dominari Securities, a company with ties to the Trump family, is arranging this merger. The merger will see SRM accumulate TRX tokens, mimicking the strategy of Strategy, which transformed from a small tech company into the largest Bitcoin ( BTC ) holder. Strategy’s market capitalization has soared from $1 billion in 2020 to $105 billion today. The deal comes after the successful Circle IPO , which has pushed its market capitalization to over $33 billion. Other companies in the crypto industry, like Gemini, Galaxy Digital, and Kraken, are also considering going public late this year. You might also like: Tron’s $210m Nasdaq play is real. Eric Trump’s role? Not so much. Tron has grown into one of the largest cryptocurrencies, with a market capitalization of over $24 billion. It is also the second most profitable crypto project after Tether. According to TokenTerminal data , Tron has generated over $3.65 billion in revenue over the past 365 days, with $1.6 billion recorded so far this year. Most of these fees are either burned or distributed to super representatives. The token-burning mechanism contributes to Tron’s deflationary nature. Its circulating supply has dropped from 96.3 billion in June last year to 94.8 billion today. Tron price technical analysis TRX price chart | Source: crypto.news The daily chart shows that TRX has been in a gradual uptrend in recent months, rising from a February low of $0.20 to $0.2743 today. The price has moved above the 50-day and 100-day Exponential Moving Averages (EMAs), signaling that bulls remain in control. Tron has also formed a cup-and-handle pattern, a popular continuation formation, and is currently developing the handle portion. If the pattern holds and TRX breaks above the year-to-date high of $0.2958, a continuation rally toward last year’s high of $0.4497, a roughly 60% upside, becomes increasingly likely. You might also like: Sei price may crash 22% and then rebound

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta