TRON ($TRX) Crypto Forecast: Down 5.1% Today

What is TRON?

TRX is a cryptocurrency token associated with the TRON blockchain platform. The cryptocurrency market has been active recently, with various tokens seeing significant price movements.

Why is TRON going down?

TRX crypto is down 5.1% on Jan 13, 2025 2:56

• TRX showed bearish movements today despite positive developments in the market.
• News regarding Sui potentially entering the top 10 and Grayscale considering including TRX in its investment options did not have a positive impact on TRX's price.
• The market appears to be reacting to overall uncertainty and volatility in the cryptocurrency space, resulting in TRX's bearish trend.
• Investors may be exercising caution regarding TRX's future performance, considering upcoming additions to Grayscale's investment options and the potential growth in market cap of other cryptocurrencies.

TRX Price Chart

TRX Technical Analysis

TRX News

Binance Market Update (2025-01-11)

Binance Market Update (2025-01-11)

https://www.binance.com/en/square/post/01-11-2025-binance-market-update-2025-01-11-18788676504930?utm_source=BinanceNewsRSS

Sui Price Reclaims $5-Here’s When the Crypto Will Officially Enter the Top 10 Surpassing Tron

Sui Price Reclaims $5-Here’s When the Crypto Will Officially Enter the Top 10 Surpassing Tron

https://coinpedia.org/price-analysis/sui-price-reclaims-5-heres-when-the-crypto-will-officially-enter-the-top-10-surpassing-tron/

Grayscale Considers Adding BNB, Dogecoin and Tron to its Investment Instruments

Grayscale Considers Adding BNB, Dogecoin and Tron to its Investment Instruments

https://thedefiant.io/news/cefi/grayscale-considers-adding-bnb-dogecoin-and-tron-to-its-investment-instruments

2 cryptocurrencies to reach a $50 billion market cap in Q1 2025

2 cryptocurrencies to reach a $50 billion market cap in Q1 2025

https://finbold.com/2-cryptocurrencies-to-reach-a-50-billion-market-cap-in-q1-2025/

Grayscale Reveals Nearly 40 Altcoins For Investment Consideration

Grayscale Reveals Nearly 40 Altcoins For Investment Consideration

https://beincrypto.com/grayscale-announces-new-investible-digital-assets/

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TRON Price History

20.11.2024 - TRX Crypto was down 10.4%

• TRX saw a downward trend, possibly linked to the delisting of WBTC by Coinbase, affecting market sentiment.
• The collaboration between Bitget and SunPump for the Tron meme ecosystem did not generate enough positive momentum in light of market conditions.
• Despite backing from Trump's World Liberty Financial in response to the Coinbase situation, TRX's performance remained largely unaffected.
• TRX's movement may have been influenced by the market downturn, despite the partnership between World Liberty Financial and Ethena Labs resulting in gains for ENA token.

20.11.2024 - TRX Crypto was down 6.3%

• A recent partnership and $10 million acquisition of TRX by Bitget initially boosted confidence in the token. However, a subsequent collaboration with SunPump for the growth of the Tron meme ecosystem may have been perceived as less impactful, leading to a bearish sentiment.
• The delisting of WBTC by Coinbase after a judge's approval created uncertainty in the cryptocurrency market, which could have affected investor sentiment towards TRX.
• The backing of WBTC by Trump's World Liberty Financial amidst the Coinbase controversy might have diverted attention and investment away from TRX, thus contributing to its bearish movement.
• The combination of these factors, including mixed news related to TRX and broader cryptocurrency market conditions, likely led to the strong bearish movement in TRX today.

07.00.2025 - TRX Crypto was down 2.8%

• TRX saw a decline in value today amidst the broader market fluctuations.
• The introduction of Router Nitro for cross-chain deposits supporting popular cryptocurrencies like Ethereum and Solana may have shifted investor attention from TRX.
• Suggestions from sources pointing to another cryptocurrency with high growth potential by 2025 might have prompted some investors to move away from TRX.
• The absence of significant TRX-specific updates in recent market reports from Binance could also have played a role in the decline as investors search for more promising prospects.

13.00.2025 - TRX Crypto was down 5.1%

• TRX showed bearish movements today despite positive developments in the market.
• News regarding Sui potentially entering the top 10 and Grayscale considering including TRX in its investment options did not have a positive impact on TRX's price.
• The market appears to be reacting to overall uncertainty and volatility in the cryptocurrency space, resulting in TRX's bearish trend.
• Investors may be exercising caution regarding TRX's future performance, considering upcoming additions to Grayscale's investment options and the potential growth in market cap of other cryptocurrencies.

27.11.2024 - TRX Crypto was up 5.4%

• TRX exhibited a strong bullish movement today, despite recent Ethereum sales by Justin Sun, the founder of Tron.
• The signals pointing towards a possible local bottom for Tron could have boosted investor confidence, resulting in the bullish movement.
• Justin Sun's dismissal of selloff rumors and his optimistic view on Ethereum may have had a positive impact on market sentiment towards TRX.
• An overall market update from Binance might have also contributed to TRX's performance amid market fluctuations.

08.00.2025 - TRX Crypto was down 7.4%

• TRX experienced a bearish movement possibly due to struggles at $0.26, leading to a sell-off by some investors.
• The news of Tether executing a $1 billion USDT chain swap to the Tron network might have added selling pressure on TRX as investors may have shifted their focus to USDT.
• Despite the bearish movement, resilient investors holding steady could indicate a potential rebound in TRX's price in the near future as market sentiment stabilizes.

08.00.2025 - TRX Crypto was down 5.7%

• Today's downward trend of TRX could be linked to a significant $1 billion USDT chain swap to the Tron blockchain. This development may have sparked apprehension among investors, resulting in a decline in TRX token holdings.
• Despite struggles around the $0.26 mark, steadfast investors retaining their positions suggest a potential support level for TRX. However, broader market sentiments might have overshadowed individual investor resilience, contributing to the bearish trend.
• The shift in focus towards Tether's USDT chain swap to the Tron network could have caused a diversion from TRX itself, altering trading volume and price dynamics for the token.

21.11.2024 - TRX Crypto was up 10.8%

• TRX saw a strong bullish movement likely due to the partnership between Bitget and Tron, as well as Bitget's acquisition of $10 million in TRX. This collaboration could have sparked investor interest and confidence in TRX.
• The strategic collaboration between Bitget and SunPump to enhance the growth of the Tron meme ecosystem might have also contributed to the positive sentiment surrounding TRX, attracting more attention from traders and investors.
• The news of Ethereum Investment project grabbing a significant amount of ETH at a high valuation could have indirectly influenced the overall positive market sentiment towards cryptocurrencies, including TRX.
• The 2025 outlook shared by an analyst on the top crypto, which might have included positive predictions for TRX, could have further fueled the bullish movement of the token.

21.11.2024 - TRX Crypto was up 5.2%

• TRX experienced a bullish movement attributed to positive developments in its ecosystem, such as a partnership with Bitget and a substantial acquisition of $10 million in TRX.
• The collaboration with SunPump for the growth of the Tron meme ecosystem possibly contributed to increased demand for TRX and positive sentiment.
• The overall bullish trend in the cryptocurrency market, showcased by investments in Ethereum and an optimistic 2025 outlook, likely had a positive impact on TRX's performance.
• The news of Coinbase delisting WBTC possibly shifted focus and investments towards other cryptocurrencies like TRX, fueling its bullish movement.

07.00.2025 - TRX Crypto was down 5.0%

• TRX saw a decrease likely associated with the recent $1 billion USDT chain swap to the Tron network.
• The market's response to this swap may have contributed to a decline in TRX demand, possibly due to perceived oversupply.
• Some investors stood firm at $0.26 during this downturn, possibly demonstrating belief in TRX and Tron's future potential.

19.11.2024 - TRX Crypto was down 5.3%

• TRX experienced a bearish movement today amidst the broader market volatility.
• The delisting of WBTC by Coinbase and Trump's World Liberty Financial backing WBTC could have caused uncertainty and negative sentiment in the cryptocurrency market.
• The partnership between Trump-backed World Liberty Financial and Ethena Labs, leading to ENA token gains, might have diverted attention and investment away from TRX, contributing to its bearish movement.
• The potential XRP price surge to $11 ATH could have also shifted investor focus away from TRX, impacting its performance negatively.

19.11.2024 - TRX Crypto was down 6.6%

• A partnership between Trump-Backed World Liberty Financial and Ethena Labs could have attracted investor interest towards ENA token, potentially impacting TRX.
• A $1 billion lawsuit filed against Coinbase regarding wBTC delisting, coupled with risks associated with Justin Sun, may have introduced uncertainty into the cryptocurrency market, impacting TRX negatively.
• The prevailing bullish sentiment surrounding Bitcoin reaching a new all-time high of $108,000 possibly prompted investors to divert their attention to more established cryptocurrencies, contributing to TRX's bearish performance.