Author: Zoltan Vardai, CoinTelegraph; Compiled by: White Water, Golden Finance

The market value of the Tron token has exceeded a record $20 billion, sending another bullish signal for the altcoin market in 2025.

Data shows that as of 10:20 a.m. UTC on December 3, Tron’s price rose by more than 13% in 24 hours, hitting a record high of $0.23.

TRX/USD, 1-day chart. Source: Cointelegraph

TRX is up 42% on the monthly chart and is up over 101% year to date.

TRX’s all-time high comes after Tron founder Justin Sun revealed that he had become the largest investor in Donald Trump’s crypto project after investing $30 million in the WLFI token on November 25.

Source: Justin Sun

Some analysts say the all-time high hit by the TRX token is a potential The latest sign of altcoin season, which could lead to a smaller crypto rally in December.

A growing number of analysts expect that the peak season for altcoins will last until early 2025, and Ethereum may rise to $4,000 before U.S. President-elect Trump is officially inaugurated on January 20.

Meanwhile, Bitcoin’s dominance fell below two-year support on November 30, a possible altcoin season Another signal to start.

The decline in Bitcoin dominance suggests that investors are profiting from their Bitcoin positions and investing some of their funds in altcoins.

Cryptocurrency market flows. Source: Rekt Capital

In a December 3 article, trader Mikybull Crypto said that based on the historical pattern of altcoins declining in proportion to Bitcoin’s market capitalization, December’s altcoin rally has already Start:

"Altcoin season has begun this cycle. This is the perfect indicator of altcoin season."

Other Cryptocurrencies/BTC, 1 Monthly chart. Source: Mikybull Crypto

However, altcoins benefit from other catalysts outside of technical chart patterns.

Google Trends data shows that TronGlobal Google searches for the coin rose to its highest point in more than 39 months, last appearing in September.

Tron Token, 1 Year Chart. Source: Google Trends

Part of the reason for the growing interest may be Justin Sun, who also spent $6.2 million on a banana taped to the wall, he said on Nov. 21 artwork.

Early signs of altcoin season can also be found on other cryptocurrency charts.

Top 100 cryptocurrencies, 1-month chart. Source: Cryptobubbles.net

Cryptobubbles data shows that the Hedera (HBAR) token is up more than 763% over the past month, making it the best-performing token among the 100 largest cryptocurrencies in November.

The token has attracted increasing interest from retail investors after a Nov. 12 filing revealed that investment firm Canary Capital is looking to launch an exchange-traded product (ETP) based on Hedera. interest.