The trade price of Tron ($TRX) Cryptocurrency seems unstoppable, despite the escalating bear sentiments in the crypto space.
Summary
- Tron ($TRX) price is sharply pumping.
- $TRX coin will be launched on the Solana network.
- Bear sentiments triggering in the crypto sector.
Tron is a popular Proof-of-Stake (PoS) Cryptocurrency known for its fast & efficient transaction ability. Justin Sun, a Chinese crypto entrepreneur, is the founder of Tron. He always remains active on X (formerly Twitter) to promote the Tron crypto project, along with his other co-founded projects. Sun owns many crypto projects as well as platforms, including HTX exchange & Poloniex crypto exchange.
The current trade price of $TRX, the native Cryptocurrency of Tron Blockchain, is $0.23 & this price level is 7.25% high over the last 24 hours trading period.
We can see that the trade prices of the top major cryptocurrencies are struggling badly, because of escalating bear sentiments in this volatile market.
On the other hand, the $TRX coin is performing very well, thanks to the latest development around the $TRX coin.
On 18 March 2025, Justin Sun announced that soon, the $TRX coin will be available on the Solana blockchain network.
Tron founder’s announcement confirmed that Tron will acquire a significant amount of Solana ($Sol) coin, as a part of collaboration with the Solana crypto project.
However, some people can’t consider this news as a big development, but here, people need to understand that $TRX is currently a 10th-ranked cryptocurrency and Solana is a 6th-ranked project in the crypto space by trade volume & market cap index.
Collaboration between these two top crypto projects is basically a hint that a very high level of crypto adoption will take place, as cross-chain features will be unlocked where $TRX coin lovers will be interested in using the Solana network.
Bearish Sentiments in the Market
In the latest developments, CryptoQuant founder Ki Young Ju shared his analysis of the Crypto sector, on behalf of multiple factors, predicting that the Crypto market is currently heading toward a bear phase.
According to Young, the market is now expected to experience either a decline or a period of stagnation for the next 6 to 12 months.
Young noted that fresh liquidity is not coming in the market & big Crypto investors are continuously selling their holdings.
On the other hand, some crypto enthusiasts are optimistic with the latest tweet of CNBC host Jim Cramer. Cramer said that there’s no way for Bitcoin to hit $1 million price level.
Usually, Cramer remains against Bitcoin & cryptocurrencies, but his prediction always remains opposite to what happens in reality. People call his prediction “inverse Cramer”.
Despite the negative sentiments around the current bull phase of the market, Bitcoin & crypto investors are still optimistic for the upcoming months, as ProCrypto US President Donald Trump is actively taking action to bring ProCrypto policies into the country.
Recently, Trump’s Executive Director on cryptocurrencies stated that they discussed several ways of acquiring more Bitcoin in budget-neutral ways, as much as they can.
Read also: Now Binance Allows Dex Tokens Trading on Cex Without Switching: Alpha 2.0
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.
