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<p><a href="https://coinpedia.org/price-prediction/trx-tron-price-prediction/" target="_blank" rel="noreferrer noopener">Tron (TRX) price</a> has gradually been grinding up since early 2023, despite the short-term crypto correction experienced since early March this year. The large-cap altcoin, with a fully diluted valuation of about $13.7 billion and a daily average traded volume of over $451 million, has been retesting its 2021 all-time high (ATH) in the past few weeks.</p>   
<p>Having underperformed in the 2021 <a href="https://coinpedia.org/news/top-4-altcoins-set-to-10x-rally-this-crypto-bull-run/" target="_blank" rel="noreferrer noopener">crypto bull run</a> compared to its peers, TRX price is now well positioned for a major bull run in the near term. Moreover, the altcoin industry has been preparing for a major breakout after underperforming Bitcoin in the last couple of months.</p>   
<h2 class="wp-block-heading" id="h-tron-network-expands">Tron Network Expands </h2>   
<p>The Tron network has grown to a vibrant web3 ecosystem with more than 153 million holders. According to on-chain data analytics, the Tron network is the second-largest web3 ecosystem after <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum (ETH)</a>, based on funds locked by different DeFi protocols.</p>   
<p>As of this writing, the Tron network had over $7.4 billion in total value locked (TVL) and over $60 billion in stablecoins market cap. In the past 24 hours, the Tron network reported over 2.3 million active addresses.</p>   
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<p>On Tuesday, October 15, the Tron network reported revenue of $7.28 million, a 170 percent gain compared to the same time last year.</p>   
<p>The notable rise of Tron’s revenue in the recent past is majorly struggling to its <a href="https://coinpedia.org/price-analysis/sundogs-insane-433-surge-will-it-hit-1-next/" target="_blank" rel="noreferrer noopener">growing meme coin market led by Sundog</a> (SUNDOG).&nbsp;</p>   
<p>As of this report, Tron’s meme coin ecosystem had a market cap of over $373 million and a daily average traded volume of around $97 million.</p>   
<h2 class="wp-block-heading" id="h-midterm-trx-price-target">Midterm TRX Price Target</h2>   
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<p>From a technical analysis standpoint, TRX's price against the US dollar is on the cusp of a major bullish breakout. In the weekly time frame, TRX price has been forming an ascending symmetry triangle since 2018, thus gaining significant bullish momentum.</p>   
<p>A consistent close above 2021’s ATH will propel TRX's price toward 30 cents in the near term. However, a breach of the macro-rising logarithmic support level will result in a major sell-off.</p>   [post_titles_links postid="367420"]   
<p>With a growing ecosystem, strong revenue performance, and promising technical signals, Tron is emerging as a strong player in the altcoin rally. Keep a close eye on the key levels to predict the next move. And of course, stay tuned to Coinpedia! </p>

Tron Price Prediction: Top Reasons Why a TRX Bull Run is Coming

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