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Justin Sun Bullish On TRX and BTT

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Justin Sun
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While TRON (TRX) managed to become one of the most popular projects in the crypto history, the coin itself has been in and out of the list of 10 largest cryptos by market cap several times by now. Recently, it got pushed out of the list once again, although not very far. After briefly holding the 10th spot, it got replaced by Cardano (ADA) which is, similarly to TRON, yet another challenger to Ethereum.

Meanwhile, TRON’s founder and CEO, Justin Sun, appears not to be worried about the current situation. In fact, he recently stated that he believes TRON will climb back up among the top 10 coins within a month. However, he gave another prediction, and this one appears to be quite bold.

Justin Sun’s TRX and BTT predictions

According to Sun, another cryptocurrency that recently joined the TRON ecosystem, BitTorrent (BTT), will soon see a massive surge which will bring it among the top 30 coins. Sun predicts that this will happen at some point during Q2 of this year.

Of course, Sun’s bullishness when it comes to TRON, and now BTT, is nothing new. The popular crypto entrepreneur has always known how to use current events, as well as his influence in the community in order to boost coins’ popularity and exposure. In addition, BTT has managed to climb quite high, considering that it is less than half a year old, being launched on January 28th.

At the moment the 30th largest cryptocurrency by market cap is Decred (DCR), with a market cap of $255.42 million. BitTorrent token, however, sits at the 50th spot with a market cap of $136.48 million. The coin would, therefore, need to nearly double its market cap in order to rise through the ranks.

To do so, BTT would need to see massive demand in the next few months. The coin does have a use case, as it serves as an incentive for torrent users to upload content on the BitTorrent network. Meanwhile, those downloading content can use the coin to achieve better download speeds. Right now, the token only functions with BitTorrent’s native client, but it is important to remember that this is a protocol, meaning that anyone can develop their own client, provided that they have the knowledge.

The main question is whether or not these predictions can actually come true? In order for it to happen, both coins will need to see a massive surge in demand. While TRON does seem to come up with a plethora of new dApps, most of which are gambling-related, which seemingly boosts its volume and usage — can the same be said for BTT?

Can BTT rise through the ranks?

BitTorrent has, is, and likely always will be used for piracy, and BTT now allows users to make a profit of it. While this is frowned upon at best, and usually fully illegal, the questionable morality is not the only thing stopping people from rushing towards BitTorrent and BTT. After all, there are countless cheap streaming services, such as Netflix or Spotify, not to mention free outlets such as YouTube.

There are ways for creators to earn money by offering or approaching content, without having to risk getting involved in legal issues by downloading and uploading copyrighted materials. Of course, trying to predict the future of any cryptocurrency is impossible, and speculation at best. No one managed to predict that cryptos will crash by over 80% in 2018, nor that the bear market would last for an entire year.

However, high volatility and unpredictable nature of cryptos allow for anything to happen so Sun’s prediction may come true after all. Additionally, there is always a possibility that Sun knows something that the rest of the community does not. Perhaps something new is coming, and it will allow both cryptos to surge up and beat the competition. As things are now, it is much easier for TRX to return to the top 10 list than for BTT to climb up for 20+ ranks. As for the prices, 1 TRX is almost enough to buy 40 BTT, meaning that the coin would have to see a major price boost in order to reach the top 30.

For now, there are more questions than answers, which is often the case with crypto, and all that remains is wait and see whether Sun was right or not.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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