Tron (TRX) surprises with 11% price growth, here's likely reason for rise TRX $TRX
It states a few assets that have seen significant price increases as the week wraps up, which include TRON's TRX.
Santiment adds that the performance of equities in the upcoming week might give a clue as to how crypto assets might perform, given an"ongoing tight correlation."TRX has been on a steady rise since March 22 after its price hit lows of $0.056. The move gained immense traction on June 2 as TRX exploded from lows of $0.074 to reach highs of $0.084.
The rise was sustained till press time, with TRX attaining highs of $0.085. The move propelled TRX ahead in crypto market rankings, as it currently sits at the 11th spot with a market capitalization of $7.73 billion.On June 1, TRON foundershared the exciting news that the network has hit a new record high in daily transactions, with 10,935,762 transactions processed.
Sun states that the growth in transactions is expected to bolster protocol revenue, proving that TRON's fundamentals remain strong even in a challenging market.
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