The positive crypto news for the TRON altcoin are nowhere near an end. Currently, the TRX coin is rising in terms of value and outpacing the rest of the top 35 cryptocurrencies with a 24-hour growth of over 7%. Meanwhile, Bitcoin (BTC) is still stagnant and only with a 1% growth on the day.
TRON has reported various improvements over the past weeks and months. From achieving major blockchain milestones to an ever increasing number of dApps on its chain in the recent weeks, the TRON Foundation and founder Justin Sun acquired the BitTorrent platform in June 2018 when TRX rose by 17%.
The current rise for TRON might be triggered by BitTorrent and its token being listed on the Binance Launchpad. Sun’s relationship with the CEO of Binance, Changpeng Zhao, has been active and started in Malta a few months ago.
Such an honor to be at the heart of the United Nations and witness the innovations of @binance and @tronfoundation. These #blockchain innovations support the @UNDP, facilitate reaching sustainable development goals, and contribute to global awareness around charity. $TRX #TRON pic.twitter.com/9VIgkgGTN6
— Justin Sun (@justinsuntron) October 24, 2018
The TRON blockchain ecosystem however has a lot to go in order to inspire investors. Even though it achieved over 1 million user accounts in just over six months, it now has more than 80 dApps and has grown from two engineers to over 40 in less than a year.
With this, it is clear that Sun plans TRON to break into the top 4 cryptocurrencies by market capitalization, especially if it holds this momentum.
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