While Justin Sun’s Tron (TRX) was the talk of the town for several years, the advent of new assets put TRX in the backseat. But the altcoin was seen making a major comeback. Despite its price rut for years, TRX has managed to remain within the top 10. With a market cap of $20.6 billion, the asset stands as the 10th largest cryptocurrency in the market. Amidst this, TRX’s price took a huge dip. The real question is if the altcoin can recover by the end of the month.
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How Is Tron’s TRX Faring At the Moment?
TRX was among the assets that encountered a drop in price over the past 24 hours. At the time of writing, the cryptocurrency was trading at $0.2393 after recording a daily dip of 1.65%. The altcoin was trading at a high of $0.2436 just earlier today before dropping to a low of $0.2378.
Similar to an array of assets, Justin Sun’s TRX pocketed notable gains during the last rally of 2024. Several cryptocurrencies managed to record new milestones in December 2024. TRX did not hold back. Breaking years of stagnancy, the altcoin surged all the way to a high of $0.4407. Sadly, TRX is trading 45% below this peak at the moment.
Despite this, a majority of the asset’s holders were making big profits. Data from IntoTheBlock reveals that a staggering 94% of TRX holders were making money at the asset’s current price. Meanwhile, only 4% were drowning in loss.
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Feb-End Price Prediction
It looks like Tron’s TRX will continue its downtrend towards the end of February as well. According to data from CoinCodex, the altcoin will reportedly trade at a low of $0.223236 on the last day of the month. While the asset will most likely not recuperate by the end of the month, investors are looking forward to its rise in March 2025.
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