Tron (TRX) has emerged as the best performing cryptocurrency amongst the top thirty of them so far this year. The cryptocurrency has started the year in a very impressive manner and has recorded a double-digit gain this month.
Tron up by 34 percent this year
Tron’s TRX is up by 34 percent so far this year and has now become the best performer amongst the leading cryptocurrencies. At the start of the year, TRX was trading at 0.0191 USD (511 satoshis) but recorded impressive growth to trade at 0.0342 USD (843 satoshis) on January 10. It has dropped slightly to trade at 0.0255 USD (741 sats) and has retained that price. The price of the cryptocurrency has doubled since its low in mid-December, making it the best performer amongst the top thirty cryptocurrencies.
The impressive performance by TRX has seen it overtake Stellar and is currently challenging Litecoin and Bitcoin Cash for the sixth place on the market cap charts.
The BitTorrent token sale and the BTT airdrop to TRX holders have made the coin very attractive to customers. The team spearheaded by Justin Sun has one of the best marketing strategies in the crypto space. The crypto winter hasn’t affected them as they continue to promote the project actively.
Following the initial BTT token sale on Binance Launchpad, the token has already been listed on numerous exchanges including OKEx and Upbit.
Justin tweeted about this latest development. The BTT token has also been listed on Coinmarketcap.com and currently trades around 0.000503 USD or 15 satoshis. The token sale was one of the fastest in crypto history lasting for just 15 minutes, with 7 million USD raised in the process.
#BTT will be listed on @OKEx, you can deposit $BTT at 21:00 on Jan 31, 2019(HKT), withdraw $BTT at 16:00 on Feb 3, 2019(HKT). BTT/USDT,BTT/BTC,BTT/ETH will be available at 15:00 on Feb 1, 2019(HKT) #BitTorrent #TRON #TRX https://t.co/6ESYGz1Jjl pic.twitter.com/CkadBHG7PR
— Justin Sun (@justinsuntron) January 31, 2019
Another reason for the rise of Tron is the increase in dApp usage of the Tron network. A recent report by Dappradar.com revealed that both users and transactions for Tron dApps are higher than those recorded on the Ethereum blockchain.
Tron is one of the most hyped crypto projects at the moment. However, the project has recorded some impressive results over the past few months.