Tron (TRX) finds itself right at the center of some compelling developments. Often seen by some as a relic from a previous bull run, Tron has, in fact, quietly transformed into one of the most active and profitable blockchains in the industry. Now, with its price rallying and market cap climbing, a big question is on many minds: has Tron permanently outpaced its rival Cardano (ADA), and could TRX actually hit that much-talked-about $1 mark? Tron Climbs Past Cardano in Market Rankings On the crypto leaderboard, Tron recently overtook Cardano to claim the ninth spot among the largest cryptocurrencies by market cap. According to CoinMarketCap data, Tron’s valuation surged from $24 billion to $25.60 billion, while Cardano slipped to tenth place at $24 billion. This surge didn’t happen by chance — Tron’s growing dominance in the stablecoin space has fueled its momentum. The network now processes more daily Tether (USDT) transactions than Ethereum, handling over $118 billion in USDT transfers in a single day. It currently holds more than half of the total USDT market share. This rising on-chain activity has made Tron the go-to settlement layer for stablecoins, attracting traders and investors in search of low fees and lightning-fast transactions. Related: Cardano Price Slides Below $0.70: Is the ADA Dip Far From Over Amid ETF Delay? Can TRX Hit $1? What the Charts Say From a technical standpoint, TRX has been trading within an ascending channel since February and recently tested highs of $0.2805. The $0.30 mark remains a critical resistance level — a barrier Tron has failed to break since December 2024. However, if it clears this hurdle, it could surge toward $0.44, its previous all-time high, and possibly beyond. Source: TradingView It will also depend on Bitcoin’s performance and the global appetite for stablecoins. A continued bull run in the crypto market, coupled with Tron’s stablecoin dominance, could push TRX closer to the coveted $1 mark. On the flip side, market volatility, regulatory pressures, or large whale sell-offs could trigger sharp pullbacks toward the $0.18 region. Justin Sun’s U.S. Moves Spark ETF Speculation Tron’s founder Justin Sun made headlines after attending a private crypto dinner hosted by Donald Trump. Related: Altcoin Market Stabilizes After Harsh Q1, Ethereum Leads Recovery Efforts While the immediate market reaction was muted, the meeting raised speculation about Sun’s influence in shaping crypto policy and advancing Tron-related projects in the U.S. There’s even chatter about a potential spot TRX ETF filing through Canary Capital — a move that could supercharge investor interest if it materializes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.