TL:DR;

Trons price flew through the roof in the past 12 hours or so, smashing its previous record and charting a new one a lot higher. This came amid a compelling post from Trons founder that compared the protocols native token against another high-flyer as of late XRP.

TRXs Explosion

It seems like the recent prediction by CryptoQuants CEO Ki Young Ju, about the current altcoin season is coming true. He said that it will be a different altseason as only a selected handful of assets will skyrocket periodically.

After alts like DOGE, XRP, HBAR, and XLM, the past 24 hours belonged to Trons native token. There are no better words to describe TRXs movements since yesterday than a full-on explosion that pushed its price from $0.23 past its 2018 all-time high and toward a new one of $0.43, according to CoinGecko.

$TRX broke the 7 year old all-time high!

We need to show respect. One of the very few Crypto‘s which beat Bitcoin over multiple cycles!

I will wait for a good long entry, my spot position remains untouched. pic.twitter.com/4G30eHaYft

Aside from the apparent ongoing altseason, some of the reasons behind this impressive rally could be related to the overall developments within the Tron ecosystem. It continues to be at the forefront of Tether (USDT) transactions as well as it has seen the launch of numerous trendy projects like sun.pump. Additionally, the founder Justin Sun, has been very active lately, especially in terms of spending cash, which includes a sizeable investment in Donald Trumps crypto project.

TRX = XRP?

Sun also made an intriguing comparison as TRXs rally was beginning, and the asset had just broken its 2018 all-time high.

TRX=XRP

Recall the price actions of Ripples cross-border token. The cryptocurrency became the top performer shortly after Trump won the elections, especially following Gary Genslers announcement about leaving the SEC. At one point, XRP had surged by over 420% on a monthly basis.

Moreover, the token trades at a multi-year peak of its own, nearing $3 earlier this week. It has become the third-largest cryptocurrency by market cap and continues to capture the communitys attention through its price movements.

TRXs monthly surge of only 135% is a lot more modest, but it managed to break its previous all-time high. As of now, TRXs market cap remains about 5x lower than XRPs but the crypto market is a wild place especially in the past month so everything can happen these days.