- BitTorrent, which was acquired by Tron, will be creating its own cryptocurrency.
- TRX/USD bulls are back in control making solid progress towards further upside.
Life has come back to the market bulls flocking into Tron, seeing TRX/USD trading back in the green again. At the time of writing it is trading up over 2% in the early part of Friday’s session. Notably outperforming several of its peers, as they either trade broadly flat or are nursing minor losses.
TRX/USD daily chart. The price remains within the confinements of the pennant structure, but a breakout could be near.
Meanwhile, as detailed in the prior Tron article, there is some considerable room for decent upside, given the technical set up eyed. The price is further heading in the right direction for that potentially explosive breakout. In terms of fundamental news surrounding Tron, this does not seem to stop flowing.
BitTorrent Creating Cryptocurrency on Tron Blockchain
BitTorrent, the giant peer-to-peer file sharing platform, is creating its own cryptocurrency. The new BitTorrent Token (BTT) will be running on the Tron network, which as a reminder, acquired BitTorrent in June 2018.
BitTorrent Token claim to have a huge 100 million users on its platform, which is very encouraging on the possible cryptocurrency adoption front. The token will be leveraged by users to pay for faster file download speeds.
The Tron founder, Justin Sun, confirmed to exciting news via an update on Twitter. He said, “Excited to unveil our new token BitTorrent BTT and its crowdfunding on #BinanceLaunchpad!! The BitTorrent token is the first of many steps towards achieving mass adoption of a truly decentralized internet.”