TRON (TRX) is currently trading under $0.29, but it has strong factors that could help it rise soon. As of July 4, the TRX coin is priced at approximately $0.2845 and has increased by nearly 5% in the past week. While its price is stable in the short term, recent developments could give TRX the boost it needs to move out of its current price range.
SRM Entertainment Stakes $100M TRX
In a move drawing comparisons to MicroStrategy’s BTC accumulation, SRM Entertainment just staked 365 million TRX, worth over $100 million, into the TRON ecosystem. The goal is to secure yields of up to 10% APY through TRON’s native staking infrastructure.
This shows strong institutional support for TRON’s future. By locking away a large amount of TRX, SRM improves liquidity and lowers the amount of TRX in circulation. This helps stabilize the price and sets the foundation for future growth.
The accumulation signals institutions are starting to see TRX as a serious DeFi yield asset. If this triggers a broader wave of institutional treasury plays, TRX’s price could respond aggressively in the coming quarters.
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Russia’s National Stablecoin Will Run on Tron
Adding to TRON’s bullish fundamentals, Russia’s Rostec, a state-owned defense and tech giant, has announced a national stablecoin, RUBx, that will be built on the Tron blockchain.
As reported by BanklessTimes earlier today, this 1:1 ruble-pegged digital currency is expected to roll out later this year and serve as the engine for RT-Pay, a major digital payment system in Russia.
RUBx is a state-backed digital currency tied to a geopolitical superpower’s financial strategy, and it’s choosing TRON as its base layer. That elevates TRON’s relevance on the global stage and adds a layer of state-level credibility to its infrastructure.
Tron Dominates On-Chain Metrics
TRON is also leading the charts. Over the past month, TRON generated $346.7 million in transaction fees, dominating the Layer-1 ecosystem with a 77.5% market share of the total fee, far surpassing Ethereum ($37.8 million), Solana ($30.7 million), and Bitcoin ($14.8 million).
Meanwhile, TRON is sitting at 16.8 million monthly active addresses, ranking #4 globally behind Solana, NEAR, and BNB, according to Token Terminal. Over 134 million wallets have now interacted with the chain, with daily active addresses and new adoption both climbing steadily.
Data from IntoTheBlock shows that TRON’s 30-day new adoption rate is over 8%. Additionally, the activity-to-fee ratio spiked to 307%, indicating that users are interacting heavily relative to transaction costs —a bullish efficiency metric for long-term growth.
TRX Price Prediction: Eyes on $0.30–$0.32 Breakout
TRX is currently trading just below the critical level of $0.29. It has bounced off the 50-day moving average of $0.274 several times and stays above the 100-day moving average of $0.260, showing positive strength.
The Bollinger Bands on the daily chart are also getting tighter, which suggests a breakout may happen soon. If the TRX price breaks the resistance level at $0.29, the next targets will be $0.305 and then $0.32. If market sentiment improves, TRX could rise further to $0.35-$0.38 as interest in altcoins increases.
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