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TRON's TRX surpasses Dogecoin; fueled by USDT & IPO buzz.

20.06.2025 17:29

TRON's TRX cryptocurrency has surpassed Dogecoin (DOGE) to claim the eighth position among the world's largest digital assets by market capitalization, a significant shift in the crypto landscape. This surge, placing TRX's market cap at over $25.9 billion—a margin exceeding $500 million over Dogecoin's valuation—is largely attributed to a confluence of factors.

The substantial increase in Tether (USDT) transaction volume processed on the TRON network plays a crucial role. TRON currently handles over 65% of global USDT transactions, with major exchanges processing a staggering $2 to $3 billion daily. This high volume underscores TRON's growing importance as a global payment infrastructure, particularly as the TRON DAO emphasizes the global, rather than solely emerging-market-driven, nature of this USDT activity. Analysts even suggest that TRON's infrastructure could rival traditional payment networks in regions such as Latin America.

Furthermore, the anticipation surrounding TRON's upcoming public listing through a $210 million reverse merger with SRM Entertainment is fueling investor enthusiasm. This IPO momentum, combined with TRX's impressive year-over-year growth exceeding 130%, contrasts sharply with Dogecoin's recent decline of over 25% in the last month and a significant drop in weekly trading volume exceeding 80%. This suggests a broader market trend away from meme-based coins and towards projects demonstrating tangible utility, like TRON.

Technical analysis reveals TRX consolidating within a descending triangle pattern, suggesting a potential upward breakout if the price surpasses the $0.2760 resistance level. Currently trading around $0.2731, with a 24-hour volatility of just 0.2%, TRX's price stability amidst this market movement reflects a growing confidence in the project's long-term potential. The information presented here is gathered from internet sources.

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