How Did Tron Cemented Its TRX Coin in the Top 10 Cryptocurrency Market Cap Listings?
If Ripple Inc. and XRP were the success story of 2017, then 2018 was definitely Tron (TRX) year. XRP claimed the headlines across the cryptocurrency universe due to a massive 30,000% increase while the latter development through 2018 was remarkable. TRX has started the year in cool fashion rising over 20% in the past month according to Coinmarketcap listings. Tron is currently trading at $0.025478 USD, representing a 7% increase on TRX’s price in the last 24 hours.
What makes Tron’s rise in price even more remarkable is that the coin is rising during a bear market. Bitcoin has experienced a percentage drop in the last 24 hours while Ethereum and EOS have dropped 0.04% and 0.07% respectively in a day. This article focuses on Tron Foundation’s developments during this period that has seen the coin cement its position in the top 10 rankings according to Coinmarketcap.
Tron Holders Will Receive BitTorrent Tokens
The announcement made official by Binance at the start of the year is one of the catalysts TRX has had in the past 30 days. In an announcement on their token economics page, Binance confirmed that TRX holders will receive BTT in an airdrop scheduled to begin in February and will last the next 6 years.
“Tron Airdrop tokens constitute 10.1% of total token supply, to be spread out over the next 6 years.”
– Binance announcement on BTT.
Sun has played a huge role in the success of BTT, he went on a marketing campaign when Tron Foundation bought BitTorrent for $60 million. Despite the criticisms, the young CEO has been able to gain investors trust that the network bandwidth sharing platform will increase its download speeds with the introduction of the voluntary token.
The niTron Conference
One aspect that Tron beats its competitors is on marketing led by their CEO Justin Sun.
The niTron Conference further showed why Tron Foundation has been so successful since the launch of the token. One of the interviews featured the legendary NBA basketballer Kobi Bryant and the CEO of TRON Foundation, Justin Sun.
Such publicity stunts by Sun have been criticized by investors across the board who think the project is a shill. Tron has been labeled a scam since its development but with the recent showing, it may well be a case of fake it till you make it.
Do you think Tron will keep a hold on the top 10 list in 2019? Share your opinions with us.