TRON Price Surges as Justin Sun Pushes Meme Ecosystem Expansion

Highlights:

TRON price shows bullish momentum with a 5% surge over the past 24 hours.
Justin Sun backs meme coins, offering incentives for ecosystem growth.
TRX rallies above resistance, eyeing further upward movement soon.

TRON (TRX) price has experienced a notable surge over the last 24 hours, making it one of the top gainers in the crypto market. The digital asset is currently seeing an upward trend as the broader market recovers. Investors are closely watching TRON, as its price approaches the $0.3 level, driven by growing bullish momentum. If the market remains favorable, TRON could see further gains in the coming days.

The global cryptocurrency market capitalization has reached $2.78 trillion, reflecting a 4.28% increase over the past 24 hours. Meanwhile, the total trading volume across all cryptocurrencies has surged by 8.76%, hitting $79.32 billion. TRON’s market cap now stands at $21.85 billion, with a 2.59% rise, showing its strength in the current market recovery.

Justin Sun Introduces Incentives to Strengthen TRON Memecoin Ecosystem

The price value of TRON increased after Justin Sun announced his backing for the memecoin industry. Through his X post, Sun confirmed his dedication to build TRON’s meme ecosystem into a higher development state. The projects will generate no personal earnings for him. All donations along with potential financial losses will be covered by John Sun through this donation program.

TRON has decided to eliminate all trading fees on memecoins for its platform throughout the next several months as a new feature. Users can execute trades of TRON-based memecoins using no TRX funds. According to Sun, TRON will pay for all memecoin transaction fees without limitation on costs.

Users need to freeze their TRX to produce the power needed for executing smart contracts. All memecoin users now benefit from absolute free trading through a program that removes any necessary requirements for TRX. Sun expressed his willingness to provide $1 million in financial assistance to memecoin developers. The provided financial assistance intends to foster innovation processes within the whole TRON ecosystem.

TRON offers fast exchange listings on Huobi and Poloniex for all memecoins that utilize the platform which enhances their visibility and market access. The technical aspects of TRON’s ongoing growth initiatives have resulted in favorable analysis which forecasts that its price may reach $0.30 in the coming months.

Meme这么火，孙哥也该上了，孙哥这边meme也是只缺东风！我思考一下以什么方式切入比较好，波场meme肯定是一个最核心发力方向

— H.E. Justin Sun 🍌 (@justinsuntron) March 18, 2025

TRON Price Rallies: Bulls Eye Key Resistance

The TRX price has seen a notable price rally over the past 24 hours, showing a steady upward movement in the market. The cryptocurrency, which has been trading in a narrow range recently, surged above key resistance levels, gaining momentum with higher volume. At the time of writing, TRX was priced at $0.2292, with a strong surge of 5% in the past 24 hours. The technical analysis suggests that the asset has been following an ascending channel pattern, indicating a bullish short-term outlook.

Traders are closely watching the next key resistance at $0.2300, with further upside potential if the TRON price can break through this level. Should TRX maintain its current trajectory, the next target lies around $0.2500, followed by a possible push towards $0.2700.