The market capitalization of Tron (TRX) has grown from $24 billion to $25.79 billion, clinching ninth place in the rankings and flipping Cardano ADA. Tron recently displayed strength amid broader market uncertainty, which supported its upward trajectory. Additionally, the Tron Network has been the dominant home of USDT transfers and other top stablecoins.

In this same realm, the Tron Network recently flipped Ethereum in stablecoin volume, a significant shift in liquidity. The sentiment likely impacted Tron for the better, triggering a rise in value with investor sentiment growing positive.

Additionally, the rising popularity of crypto ETFs is likely spurring a market climb in May 2025. Recently, Canary Capital filed for a staked ETF based on Tron (TRX). While an array of cryptocurrency ETF proposals were delayed, the SEC was seen acknowledging the staked TRX ETF application from Canary Capital. The acknowledgment sent the TRX price upwards, with the asset now up 9.6% in the past week. While the asset remains much below its all-time high of $0.4407, the community is optimistic about TRX. Several are betting on the cryptocurrency’s rise after the Canary Capital staked TRX ETF application gets a green signal as well.

Also Read: Chainlink & TRON Integration Could Fuel Rally For TRX and LINK

Tron TRX Next Target After Beating Cardano

Since December 2024, Tron has not been able to breach the $0.30 resistance level. The asset currently sits around $0.27, but its market cap has been performing well. This has kept investors from panicking and liquidating their assets. Over 98% of addresses are currently in profit, and as such, massive TRX dumping for regaining profits is unlikely.

Analysts are pitting TRX’s future on the approval of a TRX ETF, which still aways SEC approval. The SEC’s review process typically spans several months. It should be noted that an exact approval date is not specified. But industry experts expect a decision by late 2025. According to data from CoinCodex, TRX will indeed register a notable rise towards the end of 2025. The firm revealed that the asset might increase to a high of $0.3512 during the final month of 2025. This marks a 28% rise from its current price level.