Tron (TRX) Seems to be the Most Bullish Coin in the Market According to Crypto Ratings Service
Weiss Cryptocurrency Ratings has given its opinion about the crypto market. In a recent tweet, the firm wrote that Tron (TRX) is the most bullish cryptocurrency in the market of any top 10 projects right now.
The Tweet uploaded on January 25 allowed Tron to be the second best performing digital asset in the top 10 after Litecoin (LTC).
We might give #TRON a hard time every now and then, but give credit where credit is due: The #TRX/USD pair is the most bullish looking chart of any top 10 project right now. The popularity of this project cannot be denied. #BTC #altcoins #bitcoin #crypto #cryptocurrency
— Weiss Crypto Ratings (@WeissCrypto) January 25, 2019
Weiss Ratings is an independent rating agency that has been giving ratings to virtual currencies during 2018. Each of the new releases included an updated rating for a list of more than 50 virtual currencies in the market.
The company is recognized for giving independent ratings to each of the projects in the market. In the past, it has never endorsed a specific cryptocurrency. Nevertheless, this time, the company seems to be very bullish about the future of Tron. Indeed, in the past, Weiss Ratings said that both Ethereum (ETH) and EOS were better than Tron.
Some days ago, Tron took the decision to hire a former U.S. Securities and Exchange Commission (SEC) official. The intention is to show that cryptocurrencies are not scams. Furthermore, this new individual would be able to help Tron have better contact with regulatory agencies.
Tron has been growing during the last year. In 2018 it launched its mainnet network and launched the Tron Virtual Machine (TVM). At the same time, they purchased the decentralized file sharing platform BitTorrent. Now, the Tron network has more transactions compared to Ethereum and more accounts than EOS:
Additionally, there are around 142 decentralized applications (dApps) working on top of Tron, and the number could keep growing in the future. In 2019, the team behind Tron wants to work with BitTorrent and improve it using blockchain technology.
At the time of writing this article, Tron is the 9th largest digital currency in the market. It has a market capitalization of $1.84 billion and each TRX can be purchased for $0.0275. In the last few months, Tron was able to enter the top ten and in the future, the Tron Foundation wants to reach the top 5.