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Justin Sun Bullish On TRX and BTT

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Justin Sun

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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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