Here’s How Tron’s TRX Will End January 2025
Justin Sun’s Tron (TRX) has managed to maintain a rather strong position. The altcoin has not budged despite the increased volatility in the overall market. Along with its price, the asset’s market cap has led to TRX sticking to the 10th spot for a while now. Amidst this, a recent report highlighted how the Tron network recorded a massive drop in illicit cryptocurrency transfers. All these factors are expected to push the price of TRX sooner rather than later.
No Room For Illegal Transfers In The Tron Network
The number of illegal transfers on the TRON blockchain decreased by $6 billion in 2024. According to TRM Labs’ 2024 Crypto Crime Report, it is equivalent to “halving” the share of such behavior in total blockchain trade. While this is great for the network, Tron continues to be in charge of 58% of illicit cryptocurrency transactions.
At the time of writing, the asset was trading at $0.2404 following a dainty drop of 0.13% over the past 24 hours. It should be noted that over the course of one year, TRX has surged by 117%. 2024 was certainly monumental for the cryptocurrency as it recorded an all-time high of $0.4407. TRX is currently 45% below this price level.
Month-End Price Prediction
According to data from CoinCodex, Tron’s TRX is expected to trade slightly higher than its current price level. It seems like the market is garnering stability leaving no room for volatility. The firm revealed that the asset will trade at a high of $0.2488 during the final week of January. On the last day of the month, TRX is expected to be priced at $0.2456, this marks a dainty 2.11% rise from its current price level. While this isn’t a major rise, the overall community remains bullish.
