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Tron (TRX) has won an increase in the momentum in addition to the wider cryptocurrency market, which reflects strong price performance in recent weeks. The crypto -active has risen more than 10% in the past month, with its current price at $ 0.2748, which reflects a modest increase of 0.7% in the last 24 hours.
Although they do not pack newspaper heads with dramatic peaks, TRX’s steady growth fits in closely with the wider bullish cycle led by Bitcoin (BTC), suggesting that it can benefit from the sentiment at the macro level.
A recent analysis by Carmelo Alemán, a contribution to the Quicktake platform of Cryptoquant, highlights The increasing relevance of Tron in this market phase.
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Bitcoin correlation feeds investor optimism
The report of Alemán, entitled “The crypto elite grows with Bitcoin and why TRX takes a special place”, investigates how assets that demonstrate a high correlation with Bitcoin, such as TRX, tends to mirror the market movements of BTC.
This statistical connection, usually measured by correlation coefficients such as those of Pearson, means that the profits of Bitcoin or Retracements often influence comparable movements in tokens such as Tron.
According to Alemán, the current Bitcoin -Bullmarkt, expected by some until the first quarter of 2025, states a favorable context for assets with a strong historical correlation with BTC.
Tokens, including TRX, SUI, ADA, XLM, HBar and Litecoin, are often observed to keep track of Bitcoin’s behavior, to rise during rallies and withdraw during corrections.
For many investors, these assets offer attractive opportunities in view of their lower market capitalizations compared to Bitcoin, so that they are able to offer a greater percentage profit during bullish conditions. The analyst said:
In practice, it is unlikely that Bitcoin will grow more than 2x from his current price, while highly correlated tokens can triple, four -fold or more, simply because their smaller market hoods make such extensions more feasible.
In particular, Alemán draws attention to Tron’s upward momentum and the growing network activity, especially in Asia. In particular, Tron recently surpassed Ethereum in the volume of USDT (Tether) issued on its network, which indicates a shift in real-world utility and acceptance. Alemán wrote:
This is not a small development: it reflects a restructuring in real network use and suggests that Tron could multiply considerably in value in the coming months, because it continues to move with the Bitcoin trend.
Tron in the long term growth potential
In addition to the price promotion, Alemán also underlines the position of Tron in strategic portfolio planning. Due to its correlation with Bitcoin and its smaller relative size, Tron offers potential leverage to BTC’s market cycles.
For long-term and tactical traders holders offers dynamic opportunities for outperformance during phases of persistent bitcoin growth.
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Alemán concludes by advising market participants to stay attentive to indicators on chains and inter-asset relationships, which emphasizes that informed decisions based on correlation dynamics during this cycle can improve the portfolio rates.
Featured image made with Dall-e, graph of TradingView