The Unstoppable Rise of Tron (TRX) – Up 50% This Year on BitTorrent (BTT) News
A few days ago we reported on Litecoin (LTC) and Tron’s incredible performance so far this year. Since then, Litecoin has leveled out along with most other coins in the cryptocurrency Top 10, but Tron just keeps going up. TRX recently took over 8th place in the top 10 from Tether and is already up over 50 percent in value just this year alone. At the current rate, it will likely have doubled in value by February.
As 2019 started Tron was trading at $0.018 and now sits at almost $0.029, about a 52 percent increase – making Tron the best performing major digital asset this year so far.
The growth comes as Ton founder Justin Sun tweeted that Tron will enable mass blockchain adoption via its side project, the now tokenized BitTorrent (BTT) platform, one of the largest peer-to-peer file-sharing networks in the world. When you think about, integrated blockchain technology into BitTorrent makes perfect sense but whether or not users will adopt the token remains to be seen.
Praise from Binance
Justin Sun has been known to make sweeping statements in the past, but with many now coming to fruition, it seems crypto enthusiasts are finally starting to pay attention. Even Changpeng Zhao, CEO of the cryptocurrency exchange and trading platform Binance, has voiced his interest in the BitTorrent tokenization project. In response to a Tweet from Techmeme announcing the BTT token launch, he said:
“The grandfather of Dapp finally finds its decentralized currency and business model. Should be a very interesting case study.”
For a project that started out with a rather unclear mission and has faced a slew of criticism regarding its whitepaper, Tron now appears to one cryptocurrency that might actually deliver.