Tron (TRX) Outpaces Bitcoin (BTC) and Ethereum (ETH), Trading as the Eighth-Largest Cryptocurrency

Tron (TRX), currently trading as the eighth-largest cryptocurrency, is in the spotlight despite the broader bearish market sentiment.

Tron (TRX), currently ranked as the eighth-largest cryptocurrency, is turning heads amidst the broader bearish market sentiment. In a surprising twist, Tron has managed to decouple from Bitcoin (BTC) and Ethereum (ETH), both of which experienced declines in the past 24 hours, as noted by cryptocurrency data from CoinMarketCap.

As of Thursday, 12 April, at 07:48 (GMT+7), the price of TRX was reported to be trading at $0.2548, showing a 2.9% increase over the past 24 hours.

Data from CoinMaketCap shows that Tron is the best gainer among the top 20 digital currencies by market capitalization. The altcoin is also outshining Bitcoin and Ethereum, each of which has dropped by 0.5% and 2.0%, respectively.

However, Tron's trading volume decreased by 5.6% to reach $568 million.

The TRX price rally marks an unusual breakout from its consolidation trend on Tuesday. The TRX price started the day at $0.246.

After holding at this level for several hours, it broke out decisively at $0.25 to rally to a high of $0.2548.

The TRX price is testing the boundaries of its bullish breakout. A sustained move above the $0.2540-$0.2548 resistance zone could open the door for a rally towards the $0.2600-$0.2620 barrier.

Alternatively, a failure to sustain above the $0.2530-$0.2525 support could spark another leg of the price selloff, pushing the TRX price back towards the $0.2480-$0.2460 zone.

Over the past seven days, the price of Tron has surged more than 10.4%, showcasing its resilience. In comparison, BTC and ETH experienced gains of 9.6% and 6.9%, respectively.

Tron founder predicts epic Tron breakout in Q2

In an earlier report by TokenPocket, Tron Founder Justin Sun made an optimistic prediction for a major rally of TRX in the year's second quarter.

According to Sun's predictions, which were made in response to a question from a user on a recent post on WeChat, the altcoin's market capitalization is expected to hit a new all-time high in Q2, 2025. The altcoin currently has a market cap of $241 billion.

Sun also hinted that the market caps of USDT on Tron and the network’s native stablecoin, USDD, could also push the digital currency to new highs in the same time frame.

This suggests that it’s not just about price action or short-term speculation but more about growth across the entire ecosystem.

At a time when ETF sentiment is growing in the altcoin world, experts have teased that a Tron ETF is next.