CEO Justin Sun Reveals BitTorrent and TRON Growth in the Past 24 Hours Based on Announcement
On Sunday, May 26th, the CEO of TRON, Justin Sun took to Twitter to express recent growth of both the TRON (TRX) and BitTorrent (BTT) tokens. As seen in the tweet below, the BTT token experienced an increase in the value of nearly 33%, in the past 24 hours, holding the second position, followed by the TRX token that is deemed sixth.
Another day, another good news for our #TRON and #BitTorrent community! Just today, according to @CoinMarketCap, $BTT hit the 2nd place with the highest price increase over the last 24 hours among the TOP100 #Cryptos by Market Capitalization! Way to go, #BTT! pic.twitter.com/kfUtQSUpo9
— Justin Sun (@justinsuntron) May 27, 2019
Said growth is supposedly based on an increase in both market capitalizations, which is believed to help the currencies amidst their previous drops in value – especially during the bear market. Since the tweet has been posted, many from the crypto community have shared mixed opinions.
For instance, one user, XRPcryptowolf shared:
“Yeah #BTT’s price increased because of your announcement for an upcoming announcement.”
While another user, Rajesh Karwa, noted:
“Please concentrate on something creative instead of creating fake pumps via tweets. If the project will be productive, price will automatically be unstoppable.”
However, a Twitter user, Sophia Gavrila shot back at the two aforementioned by emphasizing that announcements on potential partnerships and projects,
“ARE creative and productive … and building clout and hype is the driving factor behind the value of almost every coin ….”
The news outlet, AMB Crypto, also reported on Sun’s announcement and noticed a temporary fall in growth positions. In particular, they found that BTT eventually fell to the third position due to Bitcoin SV’s recent pump (roughly 30%), while TRX dropped to eighth maintaining a growth ranging in the 20%. This being said, the drop is negligible considering that the drop wasn’t too significant.
New Listing Revealed Today!
What might these number of announcements be for BTT and TRX? One could potentially be that shared on Monday, May 27th, where Sun disclosed the listing of BTT on crypto exchange, KuCoin. This will commence starting June 2019 and the currency has been paired against TRX.
While it is great news for the cryptocurrency, many within the crypto sphere are not convinced that this was the major announcement as Sun tweeted it will be shared after June 1st. On Sunday, May 26, he shared the following:
— Justin Sun (@justinsuntron) May 26, 2019
Given the hype he has been building and the fact that many seem to be tired of it, let’s hope the news is actually a big one! What are your expectations on what’s to come for the TRX and BTT communities? Do you think this is merely done to induce hype and increase token value? Let us know in the comments below.