Tron Surpasses Bitcoin SV As The 9th Largest Digital Asset In The Market
Tron (TRX) has surpassed the hard fork of Bitcoin Cash (BCH), Bitcoin SV (BSV) just a few hours ago. Now, Tron became the 9th largest digital asset in the market after registering an increase of 11.64% in the last 24 hours, according to data provided by CoinMarketCap.
Tron has currently a market capitalization of $1.74 billion while Bitcoin SV has a market cap of $1.55 billion. If Bitcoin SV continues to show a modest performance, in the near future, Cardano (ADA) could surpass it. At the moment, Tron has a market capitalization of $20 million more than Bitcoin SV. In the last 24 hours, Bitcoin SV registered an increase of 0.13%.
Justin Sun, founder of the Tron Foundation predicted on Twitter that TRX was going to surpass BSV in terms of market capitalization. And indeed it happened.
There are some positive things to mention about Tron and why it is growing so fast during the last days. The first thing is that Tron will be hosting the NiTRON event in San Francisco between January 17 and 18. Two of the most important participants in this event are going to be Kobe Bryant and Justin Sun.
Just some days ago, the BitTorrent token – known as BTT – was launched to the market. This is one of the major projects that Tron currently has in mind. This virtual currency is going to be used on top of the BitTorrent platform that Tron acquired earlier in 2018. This project is also featured on the Binance Launchpad, allowing the firm to raise even more funds and gain more expositions to investors.
Furthermore, during the last months, Tron dApps have shown to be better positioned than those on top of the Ethereum (ETH) network. Indeed, a few days ago, the TronGoo game moved from the Ethereum platform. Before, TronGoo was known as EtherGoo.
Furthermore, in the near future, Tron could see the implementation of privacy features. The intention is to include zk-SNARKS and protect users’ privacy while moving funds
On the matter, Justin Sun commented:
“In the future, if you want these private transactions and a private address, we can make sure… they cannot see you and the transaction can be untraceable.”