Tron’s Price Steady Post-Trump Dinner Meet
Tron’s price held steady at around $0.2680 on Friday, after crypto tycoon Justin Sun’s meeting with Donald Trump. The TRX token remained in a narrow trading range, slightly under this week’s peak of $0.2805. It has been stabilizing sence January.
The meeting,which sparked mild interest,was part of an exclusive dinner where Trump interacted with major backers of his meme coin. Justin Sun, a notable crypto billionaire and the largest holder of Trump coin, expressed interest in discussing crypto’s future with Trump. Sun’s past investments inTrump’s ventures, like World Liberty Financial, highlight his influence.
Some analysts speculate this could sway the SEC’s stance on a TRX ETF proposed by canary Capital.However, considering Sun’s citizenship and Trump’s focus on American coins, the approval remains uncertain.
Tron’s network is flourishing,ranking second in profitability this year,with over $1.3 billion in fees. It processes a significant volume of USDT transactions, reaching $118 billion on Thursday alone.
Analysts predict stablecoins will grow, positioning Tron for success. Technically, TRX price hovers above the 50-day moving average, suggesting a bullish trend. A breakout could target $0.3112 next.
