A continuous wave of positive news from TRON foundation finally resulted in the TRX coin overcoming the remaining top 30 cryptocurrencies. In the last 24 hours, the TRX coin showed a growth of more than 7% – while the leading cryptocurrency, Bitcoin (BTC) is up by less than 1%.
The last few weeks have been lucky for TRON, as the TRX coin has reported achieving milestones like increasing the number of dApps and completing other blockchain goals.
TRON Foundation and BitTorrent
The platform BitTorrent was acquired by TRON foundation in June 2018. This acquisition resulted in TRX coin going upwards by 17%. What might trouble TRON and its founder Justin Sun is BitTorrent selling off its token on the Binance Launchpad.
Following this, a project named Atlas was launched by TRON in October that was aimed to include blockchain technology and blockchain based tokens to BitTorrent’s 27 million strong user-base. With respect to this, a few months back, Justin Sun and the CEO of Binance held a meeting in Malta.
Such an honor to be at the heart of the United Nations and witness the innovations of @binance and @tronfoundation. These #blockchain innovations support the @UNDP, facilitate reaching sustainable development goals, and contribute to global awareness around charity. $TRX #TRON pic.twitter.com/9VIgkgGTN6
— Justin Sun (@justinsuntron) October 24, 2018
It has been predicted that BitTorrent token is going to be launched on Binance LaunchPad – a token creation platform of Binance. The firm Binance officially announced:
“BitTorrent’s protocol is empowering a new generation of content creators with the tools to distribute their content directly to others on the web. The new BTT token of BitTorrent will make it easy for its peers to encourage activities so that it can lead to a better file sharing – using faster networks – enabling longer seeding periods.”
At the time of writing this article, the TRX coin was trading at $0.22491 with a market capitalization of $1.4 billion. TRX coin has registered a 24-hour trading volume of $202 million, a hike of 7.45%. Over the last week, TRX coin has grown by 7.22% and reported to grow by 0.51% in the last hour.