TRON surpasses Dogecoin and ranks in the Top 8: Rise of USDT and IPO rumors boost TRX
TRX, the native token of the TRON ecosystem, has been one of the biggest surprises of the year in the crypto market. Amid an environment marked by uncertainty, capital outflows from speculative projects, and a growing preference for assets with real utility, $TRX has surpassed Dogecoin (DOGE) in market capitalization, consolidating itself as the eighth most valuable cryptocurrency in the world.
This rise is not a coincidence. It is based on three key pillars:
1. Dominance in USDT transactions
More than 65% of global USDT transfers are conducted on the TRON network, thanks to its low fees and high efficiency. Binance processes between $2 billion and $3 billion daily in USDT through this network.
2. Real adoption in emerging markets
In regions like Latin America, Africa, and Southeast Asia, TRON has become the preferred channel for remittances, international payments, and P2P trading. This tangible utility has generated sustained structural demand for TRX.
3. Expectations for an IPO
The TRON ecosystem is preparing for a possible reverse merger with SRM Entertainment, valued at $210 million, which would open the door to its listing in traditional markets.
. This move has been interpreted as a step towards the institutionalization of the project.
🧭 Impact on the cryptocurrency market and Binance
- Capital reallocation: The drop of more than 25% in DOGE's price and the 80% decrease in its weekly volume reflect a migration of capital from memecoins to projects with solid fundamentals.
- Increased liquidity on Binance:
The role of #Binance as the main liquidity driver in TRON reinforces its position as a leading exchange in stablecoins, especially in emerging economies.
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
vc_custy
🫖☕️😎
