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Tron, the crypto project founded by Justin Sun, remains in a bear market after falling more than 40% from its highest level in 2024. Tron (TRX) price dropped to $0.

The price of TRON (TRX) fell to $0.198 before rebounding on February 3. The cryptocurrency has resumed its uptrend after recovering above the $0.22 support.

The cryptocurrency market continued its volatile trajectory on Friday, with most major coins trading sluggishly. Bitcoin (BTC) remained subdued at the $97K level, while Ethereum (ETH), XRP, and Solana (SOL) experienced sharper declines. The global cryptocurrency market capitalisation stands at $3.15 trillion, reflecting a 1.06% decline over the past 24 hours.

The crypto market on Friday continued keeping investors on their toes, with coins mainly trading sluggishly. Bitcoin (BTC) price showcased a trading session at the $97K level, whereas Ethereum (ETH), XRP, and Solana (SOL) reflected a similar volatile trajectory.

Justin Sun's Tron coin has remained in a deep bear market despite having some of the strongest fundamentals in the crypto industry. Tron price has dropped to $0.2320, down by over 57% from its highest level in December last year. This article explores why the TRX price may bounce back in the coming weeks.

In 2024, Tron reached several important milestones, outpacing both Bitcoin and the broader altcoin market and expanding its user base.

Tron (TRX), the cryptocurrency built around decentralized applications (dApps) and decentralized finance (DeFi), has shown a notable recovery after facing significant price declines in the past week. Despite a 10% drop in value over the past week, TRX saw a 3.7% rebound in the last 24 hours, bringing its price to $0.2253.

TRX rebounds after a 10% weekly drop, driven by increased decentralized activity and positive technical indicators.

The growing rivalry between Tron (TRX) and Ethereum (ETH) has taken a new twist with an unusual network shift. According to data insights from the crypto analytics platform CryptoQuant, Tron has surpassed Ethereum in network fee revenue.

Tron (TRX) and Cardano (ADA) have remained popular choices for investors looking for long-term blockchain projects with strong fundamentals. Tron's high-speed transactions and low fees have made it a go-to network for decentralized applications (dApps) and stablecoin transactions.

Stablecoins expanded their activity in 2024, remaining a tool for peer-to-peer payments, making up to 50% of on-chain traffic.

low fees, but new competition from Coldware (COLD) is challenging its dominance. With Coldware (COLD) gaining momentum as a highly scalable and decentralized Layer-1 blockchain, investors are taking note.

Tron founder Justin Sun has boldly heralded USDD as the only “true decentralized stablecoin” in the entire crypto sector. Sun has made several promotional statements in recent weeks to rally the crypto community toward the stablecoin, ahead of the launch of USDD 2.0.

TRON consolidates after a sharp decline, with a larger recovery likely ahead, targeting $0.34. The crypto's price is still showing indecision, but short-term bullishness looks highly likely.

TRON and Movement Labs assert $TRX and $MOVE holdings were acquired via standard market transactions. WLFI holds significant assets, including Ethereum, USDC, Chainlink, AAVE, TRON, and Uniswap.

TRON's TRX is the second largest holding in World Liberty Financial's wallet.

Representatives from TRON and MOVE, two of the protocols whose tokens are being held by the treasury of World Liberty Financial (WLFI), have come out to deny they entered a token swap agreement with the Trump-linked DeFI project. Blockworks first reported that World Liberty Financial has been offering blockchain teams a token swap deal.

A report alleges that projects were pitched on a $10 million - $15 million buy-in on the Trump-backed project.

With the cryptocurrency market continuing to show growth and volatility, investors are on the lookout for the next big opportunity.

T3 FCU, a group consisting of Tron, Tether, and TRM Labs, helped Spanish authorities freeze $26.4 million used in a crypto money laundering operation.

TRX is breaking out from a descending wedge, signaling potential bullish continuation. If momentum sustains, Wave (3) could target $0.2903.

Cryptocurrency analysts of Coinidol.com report, the price of TRON (TRX) has entered a sideways trend after stopping above the $0.217 support level.

Crypto assets are trading sideways after attempting a narrow recovery following last week's free fall. Despite slight whale inflows, Solana (SOL) and Tron (TRX) are among the struggling altcoins.

The crypto market never stands still. New players are constantly shaking up the game, challenging the old guard.