Tron (TRX) vs. Binance Coin: Which Crypto Will Dominate by April 2025?

As the cryptocurrency market experiences another correction, investors are closely watching the performance of major altcoins like Binance Coin (BNB) and Tron (TRX). While BNB has shown resilience despite recent dips, the question remains: which of these two cryptocurrencies will come out on top by the end of April 2025? This analysis delves into their recent trends and future potential.

Binance Coin Vs TRON: Which Comes Out On Top By April-End?

The cryptocurrency market has faced another slight correction. Bitcoin (BTC) has fallen to the $83,000 price level after climbing to $85,000. The global crypto market cap has fallen 4.5% in the last 24 hours to $2.72 trillion. Binance’s BNB coin has also faced a stark correction, dipping 1.8% in the daily charts, 4% in the 14-day charts, and 9.3% over the previous month. Despite the dip, BNB has rallied 4% over the last week and 6% since April 2024. TRON (TRX), on the other hand, is trading in the green zone across the board.

TRX Declines 2.7% as Large Holders Sell

TRX, the native token of Tron, has seen a significant market decline in the last 24 hours, falling by 2.77% despite positive trading activity over the past three weeks. The decline has been driven by large holders selling their holdings, which has forced the price to trend lower. However, AMBCrypto’s analysis suggests that this market movement could be a two-way event, with the asset potentially rallying to the upside after the initial price decline. Despite the fall, the overall market structure seemed bullish as on-chain fees and other market sentiments hinted at positive activity.

Canary Capital Seeks SEC Approval for Staked Tron ETF

On Friday, Canary Capital filed an S-1 prospectus with the U.S. Securities and Exchange Commission for a spot TRON ETF with staking capabilities. The new Canary Staked TRX ETF product aims to provide exposure to Tron’s price. Canary Capital is renowned for pioneering notable altcoin ETF products, and this latest Tron ETF further solidifies its position in the exchange-traded fund revolution. The asset manager plans to use Coindesk Indices’ pricing data to determine the product’s Net Asset Value (NAV). However, Canary Capital has yet to reveal the trading platform on which the product will trade.