Tron which is currently sitting at the 11th spot by market cap of $1.6 billion is going to climb back into the top 10 ranks next month, according to Tron founder and BitTorrent CEO, Justin Sun.
Sun took to Twitter to share that next coming months are going to be exciting for both Tron and BitTorrent that will see it rise in price and ranks.
— Justin Sun (@justinsuntron) May 7, 2019
While Tron is pretty close to 10th spot, BitTorrent is still far away at 50th position, as per Coinmarketcap data.
Tron (TRX) Live Price
1 TRX/USD =$0.0169 change ~ -1.13%
With this projection, Sun has made Tron community happy. While some are skeptical, others are in support of Sun and are expecting exciting news soon. Some are expecting a coin burn that can positively affect the price of both the coins as one such user said, “Coin burn!!!!!!!!!!!!! Damn sun!!!!” while another one added, “Only way this happens is if you burn 40% of the total circulating supply.”
At the time of writing, TRX/USD has been trading at $0.024 with 24-hours gains of 2.31 percent while trading in the red by over 2 percent in the BTC market. In 2019, till date, it is only up by 25 percent while down 92 percent from its all-time high of $0.30.
Tron's Network Growth
While Tron price has started to see some greens amidst the rising market, Tron’s block height is making records as well as it reaches to 9 million. At the same time, the number of accounts has crossed 2.7 million.
#TRON Weekly Report
1. Completed the analysis and processing of the first phase of #SUNNetwork anomalies;
2. 50 exchanges listed #BTT;
3. #TRON accounts exceeding 2.7 M;
4. #BTFS nodes of Linux and MacOS have been automatically tested & implemented. https://t.co/himc6Zv9gr
— Justin Sun (@justinsuntron) May 6, 2019
Apart from these developments, last week saw a critical
vulnerability disclosed by Tron Foundation that could have crashed its blockchain but has been fixed.
As we reported, per the disclosure, “Using a single machine an attacker could send DDOS attack to all or 51% of the SR node and render Tron network unusable or make it unavailable.”
TRON’s price is $0.02 TRX/USD exchange rate today. The real-time TRX market cap of $1.13 Billion currently ranks #15 with , daily trading volume of $83.67 Million and live coin value change of TRX -1.13 in the last 24 hours.