- Tron (TRX) has surpassed Cardano (ADA) in market cap, driven by strong stablecoin activity and investor interest despite market volatility.
- However, TRX faces a major hurdle at the $0.30 resistance level, which has repeatedly blocked further price gains since December 2024.
Tron (TRX) has leapfrogged Cardano (ADA) in market capitalization, claiming the ninth spot in the global crypto rankings. With a surge in market valuation and dominance in the stablecoin sector, TRX appears to be riding a wave of investor preference. However, despite this victory, Tron faces a critical test ahead.
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TRON Overtakes ADA in a Shifting Market
In the last 30 days, Tron has enjoyed a bullish phase, with its price climbing near $0.30. While the psychological resistance at that level remains unbroken, the rally has been strong enough to push Tron’s market cap to $25.79 billion, surpassing Cardano’s $24.88 billion.
This reshuffle happened amid a broader crypto sell-off, making Tron’s resilience even more notable. Its growing popularity in stablecoin transactions and daily active addresses—particularly with USDT transfers—has helped fuel the rise. In fact, Tron recently outperformed Ethereum in stablecoin volume, a milestone that likely enhanced investor confidence.
Stablecoin Dominance Fuels Surge
One of the biggest contributors to Tron’s rise is its dominance in the stablecoin ecosystem. TRX’s network has become the go-to for USDT transactions, pushing volumes and user activity higher. As traders moved more liquidity through Tron, demand increased—providing a strong foundation for its recent price action.
Even during slight pullbacks, like the recent dip to $0.2719 (down 1.36%), the trading volume soared by over 21%, hitting $695.56 million. This suggests strong market engagement and potential support for higher price action.
Can TRX Break the $0.30 Wall?
Despite its current success, TRX faces a familiar foe: the $0.30 resistance. Since December 2024, every attempt to break above this level has been rejected. Without a clear breakout, there’s a risk that investor enthusiasm could fade, especially if market-wide volatility returns.
Still, with more than 98% of TRX addresses currently in profit, a large-scale sell-off seems unlikely for now. Most holders may be holding out for a potential rally that pushes TRX toward a new all-time high.
Tron may have dethroned Cardano for now, but whether it can defend its position hinges on overcoming the $0.30 ceiling and avoiding the drag of broader market corrections. The next few weeks will be crucial for TRX’s place in the crypto elite.
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