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<ul>
 <li><strong>TRX reached a new all-time high value of $0.2422.&nbsp;</strong></li>
 <li><strong>The market capitalization of Tron went above the $20 billion mark, following an uptrend.</strong></li>
</ul>
<p>While the entire crypto community set its eyes on XRP awaiting its new all-time high, Tron’s TRX surprised by reaching a new all-time value of $0.2422. The market price of TRX token increased by over 16% amidst Justin Sun calling “TRX, the Next XRP.”</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcPMck27jRAWE3hv_NmutZcDwB-Sg4VBQOKYL4FF1pQRS5E9x5iiM-nTgcuBzrAKi12P3e761TZsb3hNCg5J8y7Nxf4VZ0R3VQ-Gue2pvfifUGtq0_BP4clj-E7pOoib-IxVcInJQ?key=-5X22HjMfmTaG9fMvDIGhT1O" alt="">
  <figcaption>
   TRX Price (Source: <a href="https://coinmarketcap.com/currencies/tron/" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
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 </figure>
</div>
<p>Tron token TRX has been going on an upward trend for the past month, recording monthly gains of 45% and weekly gains of 25%. After reaching an all-time high value of $0.2422, the token is currently trading above the $0.23 price level with 16% rise in the last 24 hours. Its market capitalization breached the $20 billion mark for the first time in its market history and trading volume is also recording considerable growth of 132%.&nbsp;</p>
<h3 class="wp-block-heading" id="h-justin-sun-calls-trx-the-next-xrp">Justin Sun Calls TRX the Next XRP</h3>
<div>
 <blockquote class="twitter-tweet">
  <p>TRX, the next XRP<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" style="height: 1em; max-height: 1em;"></p>— H.E. Justin Sun <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f34c.png" alt="🍌" style="height: 1em; max-height: 1em;"> (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1863487043843826103?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 2, 2024</a>
 </blockquote>
</div>
<p>Tron blockchain founder Justin Sun recently called “TRX the Next XRP” on his X account. Keeping which context he referred to aside, the post added to the already existing hype around the TRX token.&nbsp;</p>
<p>Justin Sun constantly makes headlines in the crypto industry, be it for his remarkable work through Tron or for his activities such as eating a <a href="https://thenewscrypto.com/justin-sun-eats-6-2m-banana-artwork-in-hong-kong/" target="_blank" rel="noopener noreferrer nofollow">$6.2 million</a> worth artwork banana. The blockchain and its native TRX token has a loyal community of followers who believe in the potential of the project.&nbsp;</p>
<p>While the current bullish market scenario played part in its price rally, the real use cases and strong fundamentals also caused the upward trend. Last month, <a href="https://thenewscrypto.com/tron-dao-launches-podcast-interviewing-crypto-policy-and-regulation-experts/" target="_blank" rel="noopener noreferrer nofollow">Tron DAO</a> attended Berkeley Security Summit as Platinum Sponsor at DevCon24 and drew attention from the industry.&nbsp;</p>
<p>Adding fuel to the fire, Justin Sun also made another post on X, <a href="https://x.com/justinsuntron/status/1863841232038109372" target="_blank" rel="noopener noreferrer nofollow">stating</a> “TRX=XRP.” Sun’s posts about TRX triggered the price to skyrocket and eventually led to its all-time high of $0.2422.&nbsp;</p>
<p><strong>Highlighted Crypto News Today:</strong></p>
<p><a href="https://thenewscrypto.com/south-koreas-crypto-trading-volume-hits-18b-surpassing-stock-market-by-22/" target="_blank" rel="noopener noreferrer nofollow">South Korea’s Crypto Trading Volume Hits $18B Surpassing Stock Market by 22%</a></p>

Tron Reaches New All-Time High Surpassing $20B Market Cap

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