The native token of major smart contract and dapp platform Tron has been down for some time now. Tron was among the top ten cryptocurrencies by the start of 2019. The asset even moved from the tenth spot to become the 8th largest cryptocurrency by market cap on Coin Market Cap within 48 hours. Those days may be long gone now, but Tron CEO Justin Sun says Tron will be back among the top ten assets by June 2019.
BitTorrent will not be left behind
Sun made a statement on Twitter in the early hours of 7 May that sounded like a bet. In addition to bringing Tron back up among the top ten cryptocurrencies, he said BitTorrent will also be among the top 30 assets by the end of Q2. BTT is currently the 49th largest cryptocurrency while TRX recently came up to the 11th position.
BitTorrent has seen some significant price surges earlier in the year especially after its initial offering. Notably, the asset surged by 500% within a week in early February and has been among the top performing assets since then. TRX, however, has not been doing very well but is now on its way up too, thanks to the ongoing green market that is carrying everyone along.
Does Justin Sun have plans we don’t know about?
The Tron CEO said at the beginning of the year that he had programs lined up that will make Tron a top blockchain platform. Some of the programs he has implemented so far are the Tron Accelerator Program which was intended to lure developers to Tron. So far, the platform has recorded significant progress with the number of dapps, smart contracts, and daily active users since the Accelerator program. As at last week, the platform had 400 dapps and nearly 900 smart contracts.
Things have not been very good for TRX all the same, does Sun have other plans we are yet to know about that can push Tron and BTT up the ladder to make such promises of bringing these assets up within about 2 months? Only time will tell.
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A cryptocurrency enthusiast, author, and investor with high motivation in cryptocurrency/blockchain research and writing. He loves birdwatching and traveling. Follow him on Twitter at @Ponvangbu