Tron (TRX)’s market capitalization increased from $24 billion to $257.9 billion, taking 9th place in the rankings, turning the Cardano ADA overturned. Tron recently showed strength amid wider market uncertainty and supported its upward trajectory. Furthermore, the Tron network was the dominant home for USDT transfers and other top stub coins.
In this same area, the Tron Network recently flipped Ethereum with a stable volume. This is a major change in fluidity. Emotions probably had a positive effect on Tron, causing investors’ feelings to rise in value as they became positive.
Furthermore, the growing popularity of Crypto ETFs may have spurred market rise in May 2025. Recently, Canary Capital applied for a pile ETF based on Tron (TRX). Although the sequence of cryptocurrency ETF proposals was delayed, the SEC was seen to acknowledge a stained TRX ETF application from canary capital. Acknowledgements send the price of TRX up, with the asset increasing 9.6% over the past week. The assets are well below the all-time high of $0.4407, but the community is optimistic about the TRX. Canary Capital is also betting on a rise in several cryptocurrency after Sataked Trx ETF application has also got a green signal.
Tron TRX next target after beating Cardano
Since December 2024, Tron has not been able to violate the $0.30 resistance level. The assets are currently at around $0.27, but the market capitalization is working well. This caused investors to panic and unable to settle their assets. Currently, more than 98% of addresses are profiting, so there is unlikely to be a massive TRX damping to regain profits.
Analysts have captured the future of TRX with TRX ETF approval, but this is still SEC approved. The SEC review process usually spans several months. It should be noted that no exact approval date is specified. However, industry experts are hoping to make a decision by the second half of 2025. According to Cincodex data, TRX actually registers a significant rise towards the end of 2025. The company has revealed that assets could increase to $0.3512 in the final month of 2025.
