Tron (TRX) is making it to the uppers and it seems to to have a formidable obstacle, so as Binance Coin (BNB). After the successful launch of the BitTorrent Token (BTT), the crypto community looks forward to more strides that are positive from the coin.
On its part, Tron (TRX) seems to be the one at the benefiting end. It is on record that its Foundation bought the peer file-sharing platform (BitTorrent) to facilitate its mission of decentralizing the web. Now, the crypto graphic project is getting some positive results.
While Tron remains a strategic partner of Binance, the three project are being linked up by umbilical crypto cord.
Tron (TRX)’s BitTorrent, The Power of a Token Launch
Initial Coin Offering (ICO) is the designated time to launch and sell out digital assets of a cryptocurrency project. In what might be the fastest token sales, the BitTorrent Token (BTT) sold out over 59 million tokens in less than 20 minutes. The powerful stride is an indication that the principal, Tron (TRX) and the Binance exchange will profit from the massive welcome that heralded it.
In addition, the exchange’s native token, the Binance Coin (BNB) will also benefit from the increased value. While Binance and Tron remain strategic partners, the disposition of the Binance exchange to list the BTT token throughout the token sales and further pairing it with BTC, it is a clue that the token will make it to the tops.
Binance Coin (BNB) is Making Headways
No doubt, BTT token launch had positive impacts on Binance Coin (BNB) in the market, the coin apparently witnessed tremendous growth around this period. Aside that, Binance Coin (BNB) on it own tried to maintain a bullish trend in the market even after the tempo effect.
The BNB/BTC trading pair still is in charge of the Binance exchange and trades above the BTT/BTC pair. It is not surprising that the former made it to the top five (5) few days after the launch of the BTT token. The token rewards to TRX holders, the massive adoption of BTT token on Binance Platform, and the real-time sales were pivotal to its current position in the market.
Binance Coin (BNB), Tron (TRX), BitTorrent (BTT): In 2019 is the Year of Bulls
After the bear held the center stage in 2018, the bulls are set to toss it away in the current year. Different crypto coins are gearing up to grab the opportunity. The potency displayed by Tron (TRX), BitTorrent and Binance Coin (BNB) individually signals that they may grab a significant share in the upcoming bull run expected to takeover the market anytime from now.