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Justin Sun posted a tweet sounding very promising. He wrote that “something huge and amazing” is going to happen with Tron and BitTorrent. He promised the details after June 1. The market did respond to it with the TRX price showing a nearly 14% surge.
That was the last tweet TRON’s CEO Justin Sun which made leaving us with question mark all over our heads.
“Something huge and amazing going about TRON and BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed!”
It also surged up TRON’s price for 10,35% to $0,032 at the time of writing. From Sunday morning’s low of $0.027574, the value of TRX climbed to $0.030158 within just over two hours.
Sun also added that there is a 70 percent chance of whatever it is that he has in mind to take place, meaning that it’s not even certain.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 26, 2019
The price of BitTorrent Token (BTT), surged following the tweet. At one point of the day, the price was up more than 16 percent. Bittorent is currently 7th largest Token among the Top100 tokens on CoinMarketCap. With its IEO raising $7 million 3 months ago, BitTorrent now has a market cap of $340 million Realizing that BitTorrent Speed, BitTorrent Live & BFST launching very soon is mind-boggling, you might say.
One possible explanation for BTT’s sudden rise could regard Opera’s plans to include TRX in its browser-based crypto wallet. The news resulted in a positive pump for TRON on the day, but BTT may have benefited in a more subtle way.
Sun also tweeted that this June, BTT/TRX will be listed on KuCoin. Just for reminder, in February this year, KuCoin announced listing of BitTorrent (BTT) with supported trading pairs as BTT/BTC and BTT/ETH.
Moreover, TRX will be listed on BigONE exchange so TRONICS could trade TRX/USDT, TRX/BTC at 12:00, May 29, 2019(SGT).
TRON Becoming Unstoppable?
If we take a look at traditional companies, we can see that those kind of things are very carefully monitored by the regulating authorities such as the US Securities and Exchange Commission. That’s why it’s particularly important to be careful with the way information is being presented to the community in order to avoid speculation and unjustified price rise.
On Sunday, May 26, the crypto market’s capitalization added $16 billion. Tron demonstrated bigger growth than that of Bitcoin and all of the top ten currencies by rising nearly 14 percent.
This morning CoinMarketCap showed a rise by 13.65%. At press time, TRX is up slightly over 10 percent. It is following the top gaining crypto, Litecoin, which has risen 11.27 percent.
We shouldn’t forget that earlier in this month, Tron’s CTO Lucien Chen parted ways with Justin Sun and the Tron Foundation, which caused a wave of criticism towards Sun. Not just that Chen dodn’t go quiet, but he made an announcement on Medium about his disagreements with Justin Sun and accused the Tron Foundation’s current Super Reps system of pushing the blockchain and the whole ecosystem towards centralization.
However, this didn’t seem to worry Sun. Quite the opposite, TRON has continued to build market dominance in both valuation and the industry of Decentralized Application (DApps). Two weeks ago TRON set a new all-time high for daily DApp users, registering more than 102,000 users on May 16.