Tron (TRX) Top Performing Cryptocurrency So Far This Year
Tron’s TRX token has made an impressive gain of 34% so far this year while those around it have all fallen. Starting the year at $0.0191 (511 satoshis) TRX surged to $0.0342 (843 sats) by January ten before falling back to $0.0255 (741 sats) where it currently trades. Since its 2018 low in mid-December Tron has doubled in price. No other crypto asset in the top thirty can match that.
This solid performance has enabled TRX to flip both Litecoin and Stellar and challenge for sixth place on the market cap charts. At the moment it has fallen back to eighth but TRX is still the top performing altcoin by a long margin.
Without a doubt the Bittorrent token sale and lure of BTT tokens airdropped to TRX holders has driven momentum for Tron. The team has the best marketing kung fu in the crypto world at the moment as no others are able to compete. Justin Sun et al have not feared the crypto winter and have actively promoted the project which has clearly paid dividends so far this year.
After the initial token sale on Binance Launchpad ended in a blistering 15 minutes or so, BTT has been listed on a number of exchanges, most recently OKEx and Upbit.
#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
Bittorrent token has also just been included on Coinmarketcap.com where it currently trades at $0.000503 or 15 satoshis. The ICO raised over $7 million and shifted over 50 billion tokens.
This is all good gravy for Tron which will be leveraging the BT user base to tokenize content for creators and cut out the middle man. Another big plus for the Tron network is the increase in dApp usage. Both users and transactions for Tron dApps are higher than those on the Ethereum network and very close to those on EOS according to dappradar.com.
There is no doubting that Tron is the most hyped crypto project out there at the moment. But the critics cannot dispute the results of that hype which have been plain to see in TRX prices so far this year. Tron has effectively trounced the competition as its two main rivals are in pain. Ethereum has dumped 21% and EOS has shed 10% year-to-date, the Tron train keeps gathering steam.