Tron Crypto Poised for Breakout: Is TRXUSDT Ready for $1?
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Tron is up 15% in one week as TRXUSD is likely to break from the 4-month consolidation. Will DeFi growth, World Liberty Financial backing, and stablecoin growth drive TRX to $1?
Tron crypto has secured its spot in the top 10, surpassing Cardano and LEO Token, according to Coingecko. Although the coin has remained steady over the past day, gaining roughly 4% and extending weekly gains above 12%, one analyst on X predicts that the coin could trade above its 2024 highs, potentially reaching as high as $1.
#TRON is already up 180% from our entry — and I’m still not done.
This bull run, my target for $TRX is $1… and anything above $1 is pure bonus.
Why so bullish?
Trump's-backed World Liberty Financial is investing in TRON
Justin Sun is active, building, and pushing… https://t.co/b5C1ZQxPrg pic.twitter.com/HpQfNeq6vD
— Crypto Patel (@CryptoPatel) April 13, 2025
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Is Tron Ready to Break Out?
At press time, TRX is trading at around $0.256, up 15% in the past week. However, TRXUSDT has been largely stuck in a four-month range since mid-December 2024, capped at approximately $0.30 on the upper end and $0.20 on the lower end.
(TRXUSDT)
From a technical perspective, TRX crypto will likely break $0.30 in the coming trading days. If this scenario plays out, buyers from the first half of Q4 2024 will take charge, potentially lifting prices to as high as $0.40 in a buy-trend continuation formation.
In turn, this could funnel capital into some of the hottest presales to buy in April 2025.
Trump-Backed World Liberty Financial to Buy TRX
The trader attributes this forecast to several fundamental factors. At the top of the list, the analyst highlighted the involvement of World Liberty Financial (WLF).
The DeFi platform, backed by the Trump family, might heavily invest in ETH crypto and some of the best cryptos to buy in the broader Ethereum ecosystem. However, the team also plans to buy TRX.
While details remain scarce, the mere mention of institutional backing with political associations could boost sentiment, further driving prices upward.
The exact amount WLF plans to buy of TRX remains unclear but could be reciprocal. Tron DAO, as stated by Justin Sun, the founder of Tron, has invested $75 million in the WLFI security token.
We @trondao are continuing to increase our investment in World Liberty Financial, with an additional $45 million, bringing the total investment to $75 million. @worldlibertyfi @EricTrump @DonaldJTrumpJr @realDonaldTrump
— H.E. Justin Sun
(@justinsuntron) January 20, 2025
Tron Ecosystem Expands, Over $4.9 Billion in DeFi TVL
Beyond this investment, the Tron ecosystem is growing rapidly. According to DeFiLlama, the total value locked (TVL) in Tron stands at over $4.9 billion.
(Source)
If DeFi expands, as it did in 2021, TRX will likely trend higher, lifted by increasing demand for TRX, the utility coin used to pay for gas fees.
The expansion in DEX volume to nearly $120 million in the past day alone reflects this growth. The number of daily active addresses stands at over 2.6 million. This growth in active addresses also coincides with the expansion of its USDT stablecoin market cap to over $68 billion.
(Source)
Over the years, Tron has become a preferred platform for transacting stablecoins, mainly USDT.
If the Trump administration creates clear laws around stablecoins and the token gains adoption, Tron, as a popular platform, could spearhead growth, boosting its valuation.
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Tron Bulls Eye $1, TRXUSDT Up 15% as DeFi TVL Hits $4.9B
- Tron climbs 15% in a week, will TRXUSDT hit $1
- World Liberty Financial will consider TRX
- Tron DAO invests in World Liberty Financial
- USDT stablecoin on Tron reaches $68 billion
The post Tron Crypto Poised for Breakout: Is TRXUSDT Ready for $1? appeared first on 99Bitcoins.
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