TRX News

TRX Will Overtake Cardano in 30 days and BTT Will be on CMC’s Top 30 by Q2 2019, Justin Sun Predicts

Justin Sun is determined to put all his effort into promoting Tron (TRX) not only to increase its marketcap but also to demonstrate that every day there are more use cases for this blockchain.

Yesterday, the crypto influencer with most followers within the CT community promised that Tron (TRX) would reach again the Top 10 of Coinmarketcap before the end of June.

Sun’s words inspire optimism in the Tron community, especially considering that since February, the token has lost positions as compared to other altcoins.

However, it is important to note that this trend is not necessarily the result of poor token performance but rather a consequence of the exceptional behavior of rival altcoins such as Cardano and Binance Coin. Of all the global marketcap, BNB (Binance’s native token) has had a bullish behavior even when the rest of the cryptocurrencies were in a bearish stage. We can see this pattern in the graph below:

TRX went from 8 to 11 and BNB went from 12 to 7 in the list of cryptocurrencies with most marketcap. courtesy: Coinlib
Graphical Representation of the Ranking of TRX, XLM, ADA and BNB during the last 3 months

Although many see Sun’s “prophecy” as very optimistic (especially considering the upcoming updates that Cardano promises) the truth is that they are quite conservative vis-à-vis the expectations that Justin Sun has shared with his followers.

Tron’s CEO has previously stated that he intends to place Tron as the most important blockchain for dApps and TRX as the most important altcoin in the ecosystem.

TRX to the Top 10. BTT to the Top 30

Similarly, Sun commented that he expects BTT, the token of BitTorrent, to occupy a place in the list of the 30 most capitalized cryptocurrencies in the market.

BTT currently ranks 50th in the global marketcap. The cryptocurrency was at the time the first token offered by the Binance Launchpad platform, and its initial offer sold out in minutes.

Such was the popularity of the token, that CZ explained that had it not been for an internal error, the sale would have ended only a few seconds after it had started.

BTT is currently not having enough bullish behavior to trust Sun’s predictions. The token’s marketcap has remained in the area bounded by 130 and 144 million dollars, which is not enough to place it near the top 30 most valuable cryptocurrencies… yet

TRX Will Overtake Cardano in 30 days and BTT Will be on CMC's Top 30 by Q2 2019, Justin Sun Predicts 1

About author

Lanz is a freelance journalist and native of Venezuela. He is a lawyer, specialist in strategic planning, and professor whose work has appeared in various cryptocurrency and blockchain publications. Email Jose directly at lanzjose@pm.me
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