The Return of Tron and the BNB Record. What Happened to the Major Cryptocurrencies?
The large cryptocurrencies Tron (TRX) and BNB (BNB) renewed their all-time highs.
The large cryptocurrencies Tron (TRX) and BNB (BNB) renewed their all-time highs. As a result, the TRX token has returned to the top ten largest cryptocurrencies by capitalisation and the Binance exchange's coin has surpassed the market leaders in terms of growth.
The value of the Tron (TRX) cryptocurrency surpassed the all-time high set almost seven years ago, reaching $0.43 on the morning of 4 December. TRX's previous record dates back to 5 January 2018, when it touched $0.3, and then remained below this threshold for years, without surpassing it even in peak market cycles.
The coin increased in value by 71% in a single day, returning to the top ten of the digital assets with the highest capitalisation.
At 10:50am, TRX's value hovered around $0.39, with a market capitalisation of $33.5 billion. In the past 24 hours, TRX has surpassed Avalanche (AVAX) in this indicator and has moved closer to the USDC stablecoin (USDC), whose market value is $22.2 billion and $40.1 billion respectively.
Trends
The value of TRX has risen 135% in one month and 258% since the start of the year. The cryptocurrency's new all-time high came after Tron blockchain founder, Justin Sun, declared that he had become the largest investor in Donald Trump's family's crypto project, having invested $30 million in World Liberty Financial (WLFI) tokens on 25 November.
Previously, it was also announced that Sun had become an advisor to World Liberty Financial. As noted by the project team, they will benefit from Sun's experience and knowledge.
Binance's BNB token (BNB) also reached a new high. On the night of 3 to 4 December, it touched the price of $771 for the first time. In the past 24 hours, the value of BNB has risen by 17.5%. In the past month, the native token on the leading cryptocurrency exchange has risen 36% and 143% since the beginning of the year.
The previous day, Binance founder Changpeng Zhao had hinted at the start of the "altcoin season." However, analysts warn that the upcoming 'alt season' may not meet market expectations due to insufficient liquidity.
At the same time, the Altcoin Season Index, an index that measures the profitability of altcoins compared to Bitcoin (BTC), rose from 78 to 90 points out of 100 in a single day. This means that currently 90 per cent of the cryptocurrencies in the top 50 by capitalisation have outperformed Bitcoin in terms of profitability in the past 90 days.
BTC has risen 1.1 per cent in the past 24 hours and, as of 10:50am, the leading cryptocurrency is trading at around $96.5k. Ethereum (ETH) is up 2.8% in the past 24 hours to $3.71 thousand.
Solana VS BNB / X - Spaziocrypto
Among the top 10 cryptocurrencies, Solana (SOL) recorded the highest increase after BNB and TRX, with a 4.8% rise. The only coin that experienced a decline was Cardano (ADA), which dropped by 2.7%.
Among the top 100 cryptocurrencies by market capitalization, after Tron, Hyperliquid (HYPE) showed the greatest growth at 32.2%. Only five days have passed since the arrival of HYPE tokens on the market, but during this period, their value has increased by over 200%, according to CoinGecko.
The growth leader yesterday, Hedera (HBAR), recorded the most significant drop in the last 24 hours among the top 100 cryptocurrencies. The cryptocurrency of the Hedera Hashgraph blockchain fell by 7% in the last 24 hours, but its value increased by 649% over the past month.
The total market capitalization of cryptocurrencies increased by 1.1% in the last 24 hours, reaching $3.722 trillion, marking a historical high. The daily trading volume is $422 billion.
Conclusion
The cryptocurrency market has recently witnessed significant developments, with Tron (TRX) making a remarkable comeback and Binance Coin (BNB) reaching new records. Tron's comeback is attributed to increased activity on the network, growing adoption of decentralized applications (dApps), and strategic partnerships fueling its ecosystem.
Meanwhile, BNB has achieved an extraordinary milestone through the continued expansion of its Binance platform, including innovations in decentralized finance (DeFi), non-fungible tokens (NFTs), and initiatives focused on regulatory compliance. These changes highlight the dynamic nature of the crypto landscape, where utility, community support, and innovation play key roles in determining the success of major digital assets.
The large cryptocurrencies Tron (TRX) and BNB (BNB) renewed their all-time highs. As a result, the TRX token has returned to the top ten largest cryptocurrencies by capitalisation and the Binance exchange's coin has surpassed the market leaders in terms of growth.
The value of the Tron (TRX) cryptocurrency surpassed the all-time high set almost seven years ago, reaching $0.43 on the morning of 4 December. TRX's previous record dates back to 5 January 2018, when it touched $0.3, and then remained below this threshold for years, without surpassing it even in peak market cycles.
The coin increased in value by 71% in a single day, returning to the top ten of the digital assets with the highest capitalisation.
At 10:50am, TRX's value hovered around $0.39, with a market capitalisation of $33.5 billion. In the past 24 hours, TRX has surpassed Avalanche (AVAX) in this indicator and has moved closer to the USDC stablecoin (USDC), whose market value is $22.2 billion and $40.1 billion respectively.
The value of TRX has risen 135% in one month and 258% since the start of the year. The cryptocurrency's new all-time high came after Tron blockchain founder, Justin Sun, declared that he had become the largest investor in Donald Trump's family's crypto project, having invested $30 million in World Liberty Financial (WLFI) tokens on 25 November.
Previously, it was also announced that Sun had become an advisor to World Liberty Financial. As noted by the project team, they will benefit from Sun's experience and knowledge.
Binance's BNB token (BNB) also reached a new high. On the night of 3 to 4 December, it touched the price of $771 for the first time. In the past 24 hours, the value of BNB has risen by 17.5%. In the past month, the native token on the leading cryptocurrency exchange has risen 36% and 143% since the beginning of the year.
The previous day, Binance founder Changpeng Zhao had hinted at the start of the "altcoin season." However, analysts warn that the upcoming 'alt season' may not meet market expectations due to insufficient liquidity.
At the same time, the Altcoin Season Index, an index that measures the profitability of altcoins compared to Bitcoin (BTC), rose from 78 to 90 points out of 100 in a single day. This means that currently 90 per cent of the cryptocurrencies in the top 50 by capitalisation have outperformed Bitcoin in terms of profitability in the past 90 days.
BTC has risen 1.1 per cent in the past 24 hours and, as of 10:50am, the leading cryptocurrency is trading at around $96.5k. Ethereum (ETH) is up 2.8% in the past 24 hours to $3.71 thousand.
Among the top 10 cryptocurrencies, Solana (SOL) recorded the highest increase after BNB and TRX, with a 4.8% rise. The only coin that experienced a decline was Cardano (ADA), which dropped by 2.7%.
Among the top 100 cryptocurrencies by market capitalization, after Tron, Hyperliquid (HYPE) showed the greatest growth at 32.2%. Only five days have passed since the arrival of HYPE tokens on the market, but during this period, their value has increased by over 200%, according to CoinGecko.
The growth leader yesterday, Hedera (HBAR), recorded the most significant drop in the last 24 hours among the top 100 cryptocurrencies. The cryptocurrency of the Hedera Hashgraph blockchain fell by 7% in the last 24 hours, but its value increased by 649% over the past month.
The total market capitalization of cryptocurrencies increased by 1.1% in the last 24 hours, reaching $3.722 trillion, marking a historical high. The daily trading volume is $422 billion.
Conclusion
The cryptocurrency market has recently witnessed significant developments, with Tron (TRX) making a remarkable comeback and Binance Coin (BNB) reaching new records. Tron's comeback is attributed to increased activity on the network, growing adoption of decentralized applications (dApps), and strategic partnerships fueling its ecosystem.
Meanwhile, BNB has achieved an extraordinary milestone through the continued expansion of its Binance platform, including innovations in decentralized finance (DeFi), non-fungible tokens (NFTs), and initiatives focused on regulatory compliance. These changes highlight the dynamic nature of the crypto landscape, where utility, community support, and innovation play key roles in determining the success of major digital assets.
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