HomeTodays NewsTron [TRX] will be back in top-10 by June and BitTorrent [BTT] will be in the top-30 by Q2, claims Justin Sun
Tron [TRX] will be back in top-10 by June and BitTorrent [BTT] will be in the top-30 by Q2, claims Justin Sun
May 8, 2019
With the cryptocurrency market showing early signs of a bull run and Bitcoin [BTC] on the verge of breaking $6000, the collective community is buoyant. Tron Foundation’s Justin Sun is one of them.
In a May 7 tweet, Sun predicted that TRX will break into the top-10 next month, while BitTorrent [BTT] will surge into the top-30 by the second quarter of the year. His tweet read,
“#TRON will be back to Top 10 in June! #BitTorrent will be Top 30 in Q2! Let’s wait and see! #BTT $BTT $TRX #TRX”
Tron was booted out of the top-10 in mid-March following significant price pumps for Binance Coin [BNB] and Cardano [ADA]. The former was boosted by its parent exchange’s revamped lottery system and by the success of the Binance DEX, while the latter saw a slew of partnerships with a European blockchain association and Ledger, the hardware wallet.
It can be speculated that Sun’s optimism was sparked by Bitcoin’s imminent price push above $6,000 which, as historical data suggests, would result in a collective market upswing. However, Tron has been witnessing a slew of isolated successes as well.
Hours prior to tweeting the prediction, Sun announced that Tron reached a block height of 9 million. Following the launch of TRXMarket, the platform’s decentralized exchange, the community has been pegged as a source of good investment leading to positive price movements for the coin.
Further, the network saw notable growth in its DApps as well. According to Mischa Lederman, a popular Tron proponent, the Sun-led network launched 167 new DApps in comparison to just 122 by Ethereum and 81 by EOS. This data points to a 68 percent growth within the Tron ecosystem over the past two months.
Another positive piece of news for the network is the ‘end’ to the bitter rivalry with Vitalik Buterin’s Ethereum. In an April podcast, Sun stated that he planned to “collaborate with lots of Ethereum developers,” and although no specific date or project was mentioned, the partnership is speculated to manifest this year.