TRON has risen by 85% to a new record, the market value is more than 36 billion dollars

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TRON's TRX token surged to an all-time high of $0.43 in a one-day increase of 85%. TRX's market cap rose from $19 billion to $36.7 billion in 24 hours.

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Tron's TRX token has made a solar comeback, exploding 85% in one day, breaking the previous high of $0.23, and rising to a new high of $0.43, according to CoinGecko data.

At press time, the token was trading at $0.37, up 70% in 24 hours, pushing its market value from $19 billion to $36.7 billion.

TRX has gained roughly 140% over the past 30 days, outperforming the broader market's growth over the same period. The token has increased by more than 280% since the beginning of the year.

The sharp rally comes on the back of broader market growth in the former crypto assets, even as Bitcoin and Ethereum remain flat. Other tokens also made big gains, with IOTA up 50%, VET up 15%, and KDA up 44% in the last 24 hours, according to CoinGecko data.

Tron founder Justin Sun recently joined World Freedom Financial (WLFI), the DeFi venture backed by Donald Trump and his sons, as an adviser. The move came after the purchase of $30 million in WMFI tokens, which became WMFI Well.

Sun has been in the spotlight since he bought the famous banana artwork at a Sotheby's auction.

In a recent post by X (formerly Twitter), Sun suggested that TRX could be the next XRP.

TRX=XRP

— HE Justin Sun 🍌 (@justinsuntron) December 3, 2024

Ripple's native cryptocurrency XRP, which has recently emerged as a market darling, has surged to close higher, overtaking Solana and Tether to become the third largest crypto asset by market value.

XRP's bullish momentum is starting to slow, dropping 7% to $2.5 in the last 24 hours.

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