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Justin Sun Bullish On TRX and BTT

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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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