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Reading: Tron price predictions as Tron overtakes Ethereum in key metrics
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Investor's Crypto Daily > Blog > Headlines > Cryptocurrency News > Tron price predictions as Tron overtakes Ethereum in key metrics
Cryptocurrency News

Tron price predictions as Tron overtakes Ethereum in key metrics

Last updated: December 30, 2024 1:11 am
By Michelle Whelan 4 Min Read
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Tron’s price dropped in recent weeks, as cryptocurrency prices fell. TRX dropped from $0.4506 on December 4, a peak, to $0.2600 today. This is a decline of 42%. What’s the next step for Tron now that it has flipped Ethereum when it comes to fees collected?

Contents
Tron Network is more profitable than EthereumTron Price Analysis

Tron Network is more profitable than Ethereum

Ethereum was the most lucrative blockchain network over the last few years due to the higher fees it charges and the activity that occurs on its platform. The most popular network in the blockchain world today is Ethereum, which has a significant market share compared to other chains.

Ethereum, for example, has a blockchain with a TVL (total value locked) of more than $68 billion. It has also accumulated bridging volume nearing $200 billion.

Justin Sun’s Tron, on the other hand, has a TVL worth $7.4 Billion, a bridged value of $68 Billion, and 60 billion dollars in stablecoins. Ethereum’s ecosystem has 1,263 DeFi applications, compared to just 34 in Tron.

Tron still makes more than Ethereum. Tron’s fees have topped $800,000,000 in the past 180 days according to TokenTerminal. In the past 30 days, the same pattern was observed as both made $217 and $333 millions.

The Tron network has seen more activity and is collecting more revenue. In 2025, if the current trend is maintained, Tron’s annual fees could surpass Ethereum. Ethereum made $2.46billion in the past 365 days, whereas Tron only earned $2.12billion.

Tron’s increasing fees are likely due to the SunPump eco-system that has led to increased activity on the network. SunPump, a competitor to Solana’s Pump.fun, allows users to create meme coins in minutes.

SunPump’s ecosystem began well, gaining thousands of memes within days. There are recent signs, though, that SunPump’s network is losing steam. The market capitalization of the tokens dropped from $700,000,000 a few month ago to just $144,000,000 today. These tokens include Sundog, Tron Bull Coin (TRON Bull), Suncat and SunWukong.

Tron’s rising fees are a good sign for its investors. Tron’s staking cap is over $10 billion. This gives it a stake ratio of 46%. The staking rate has risen to 4,65%, which is higher than Ethereum’s 3,03%.

Tron Price Analysis

Source: TradingView

On the daily chart, TRX has entered a bear market. Its price is down by more than 42% since its peak this year. TRX is still above its 50-day moving mean, which indicates that the price has the potential for a rebound. This is an indication that the asset is doing mean-reversion.

Tron also surpassed the trendline ascendant that links its lowest swings from June of this year. The chart has formed a fall wedge pattern, which is a common reversal signal. TRX will therefore likely rebound and reach its highs of $0.4506, which are 73% higher than the current price. The bullish outlook will be invalidated if the price drops below $0.2232, the level of support.

The ICD published this post TRX Price Prediction as Tron Flips Ethereum on Key Metric.

Click here to read more

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