The Tron Foundation has been really busy these days, and the community had some reasons to celebrate at the beginning of 2019. TRX has been looking really bullish the past few days.
Tron’s TRX began 2019 rallying
Only a few days ago, TRX was able to surpass Bitcoin SV (BSV) from the number 9 spot on CoinMarketCap, and on that day, TRX’s market cap reached $1.558 billion.
TRX also took Tether’s 8th spot, but the stablecoin claimed it back, and now TRX is positioned on the 9th place.
The reasons for this rally might include the recent launch of BitTorrent Token (BTT).
The content sharing ecosystem has about 100 million users, and their interest in TRX could be triggered shortly.
Justin Sun says the new token, BTT will be used to reward people who share files on the platform: “Users will earn tokens for uploading, incentivizing them to continue seeding the file longer after the download is complete. Storage and bandwidth will be infused into the torrent ecosystem, causing a rising tide of high availability and longer torrent lifetimes.”
Did you hear about our BitTorrent token $BTT? Come to #niTROn2019 to learn more details about $BTT from our project lead! Join us on the journey of revolutionizing content consumption with blockchain! https://t.co/hhBQC7358f pic.twitter.com/owUEKByzUo
— BitTorrent Inc. (@BitTorrent) January 10, 2019
OKEx supports TRX
OKEx is one of the leading crypto platforms in the space, and it seems to be helping TRX with an additional push in the market.
The just announced the opening of the marginal market for TRX.
This means that customers “will be able to open a position for the coin with leverage, money borrowed by the exchange for trading. Additionally, a trader can either short or long their position based on the market trend for the cryptocurrency,” notes AMBCrypto.
TRX will be paired with Tether (USDT) and Bitcoin (BTC) for margin trading.
Double up your profit!
Simply deposit your Tron (TRX) into our OK PiggyBank and get a share of 1,000,000 TRX!
— OKEx (@OKEx) January 10, 2019
Justin Sun congratulates Vitalik Buterin
January 9th marked an important day for Ethereum. One of the core developers, Peter Szilagyi revealed that the Constantinople hard fork has been successful on the Rinkeby Testnet.
This is one of the three Testnets of Ethereum that is similar to the production chain.
Peter Szilagyi said on Twitter:
Rinkeby #Ethereum testnet successfully forked over to Constantinople! All signers, bootnodes, faucet online and working well. Clean split between new and non-upgraded nodes (please update!). ? pic.twitter.com/o4hlHHEjss
— Péter Szilágyi (@peter_szilagyi) January 9, 2019
This announcement caught the attention of Justin Sun as he said on Twitter:
“Congrats to @VitalikButerin and one step further to join POS family! #TRON#TRX$TRX.”
Tron is getting ready for the two-day developer conference, scheduled for January 17-18.
Fernandon Sobreira, CEO @_CryptoChain_; Antoine Portaria, Founding Member @TronWatch; Juliun Brabon, Co-founder @sesameseed_SR, Jared Psigoda, CEO @BitGuildPLAT; Dio Ianakiara, CEO @TronWalletMe will talk about New World, New Opportunities: Expanding the #DApp Ecosystem on #TRON. pic.twitter.com/gQyqodjHk1
— TRON Foundation (@Tronfoundation) January 11, 2019