The crypto market looks to have resumed on the upside trend of the chart as Bitcoin and Tron (TRX) champion the top ten bull run while others trend along. Bitcoin is now trading above the $11,900 price with great optimism for a cross above $12,000 mark if the present trend in maintained.
Tron (TRX) is the second highest gainer among top 10 coins in the market. The altcoin is bulling with over 5% added value when compared to its starting value in the last 24 hours.
As at press time, TRX value against Dollar is $0.034067. TRX resumed on the upside trend of the market at the closing hours of the North American trading session yesterday. Within 4 hours, TRX rose from being priced $0.032 to $0.035.
Tron (TRX), since then, tried to maintain stability between $0.0354 and $0.0348 resistance levels until the closing hours of the Asian trading session today when the altcoin witnessed a slight regressed that made it value drop to around $0.034067.
Nevertheless, observers feel the bulls are not dead yet for Tron (TRX) as the altcoin looks to be gearing up for a massive development which is underway.
Tron (TRX) is now ranked the 10th largest cryptocurrency by market cap.
Will Justin Sun’s Statement Materialize for Tron (TRX)
While CEO Justin Sun earlier asserted that the BitTorrent Speed which will be going live in the next few hours will be made available for both Tron and BitTorrent, the entire Tron community eyes it as an important development that will thrust the blockchain network.
Sun in a statement also bet that the launch of BitTorrent Speed would be massive for Tron (TRX), supporting the blockchain network in achieving optimum effectiveness and efficiency in the decentralized world.
The millennial CEO on another account said BitTorrent Speed, when launched, will be “available for 100 million users around the world! We are really excited to witness the moment when TORRENT MEETS BLOCKCHAIN on July 8.”
While this is yet to go live, Tron (TRX) is pacing in the market with substantial added values that made the altcoin overthrow Cardano in the market to be ranked the 10th largest coin by market cap.
Tron (TRX) is pushing up harder in the market and observers are of the opinion that Justin Sun’s statement might be materializing for the crypto assets as investors yearn for more growth with the unveiling of BitTorrent Speed.
BitTorrent Speed will be going live soonest, and it has tipped as a development which will hand users better experience on Tron blockchain and BitTorrent network.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.