Coin Data Cap Crypto News AI predicts Tron (TRX) price for year-end
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AI predicts Tron (TRX) price for year-end

Tron’s TRX token has captured headlines with its remarkable rally, climbing 85% within a single day to break its previous all-time high of $0.23 and reaching a peak of $0.43, according to CoinGecko data. 

As of press time, TRX trades around $0.33, marking a 20% increase over the past 24 hours. Its market capitalization has also surged from $19 billion to $36.7 billion, cementing its position as one of 2024’s best-performing cryptocurrencies. 

Over the past 30 days, TRX has gained over 98%, with a 220% increase since the start of the year.

surge in TRX’s market activity. 

Open interest in TRX futures jumped 90.94% to $434.78 million, while 24-hour trading volume exploded by 518.32% to $8.77 billion. Binance‘s long/short ratio for TRX/USDT stands at 1.9949, with top traders holding a more bullish position at 2.2626. These metrics indicate that traders are overwhelmingly optimistic about further price gains for TRX.

TRX Derivatives data. Source: CoinGlass

AI predicts TRX year-end price

To gauge TRX’s future potential, coindatacap leveraged market data and consulted ChatGPT-4o to analyze its prospects. According to the AI model, TRX is projected to close 2024 trading between $0.42 and $0.48, depending on market conditions and investor sentiment.

ChatGPT outlook on TRX. Source: ChatGPT/coindatacap

This range accounts for possible profit-taking and short-term corrections but underscores the strong momentum behind the token. Should the Tron ecosystem continue expanding and market interest remain high, TRX could even test the $0.50 mark by year-end.

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