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Tron Price Prediction [Updated]: Tron-Based BTT Shakes Up TRX Price

  • Jack Thomas
    🤷 Opinions

    The Tron-supported BitTorrent token sale on Binance’s Launchpad has come to pass, causing a bit of up-and-down TRX price movement


Tron Price Prediction [Updated]: Tron-Based BTT Shakes Up TRX Price
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Since Tron acquired the well-known torrenting site BitTorrent, many have been waiting for its next move with the company, which has finally happened. The Tron (TRX)-supported BitTorrent token sale on Binance’s in-house initial coin offering (ICO) platform, Launchpad, was recently completed, sending a few shock waves through the market price of TRX.

Justin Sun, the head of Tron, announced that they would be semi-tokenizing the Torrent platform, and with the support of Binance, they achieved their first step as a way for the crypto industry to “achieve mass adoption of a truly decentralized internet.”


The idea behind the BTT token’s utility was described as a way to create a token-based economy surrounding networking, bandwidth, and computational storage for millions, if not billions of computers across the globe.

In its first introduction to the crypto-community, there was some effect to be seen in the price of TRX, but it was mostly up and down, and probably not as dramatic as many would have hoped.

Understanding the token sale

The initial sale of the BTT token seemed to be an overall success as within the two simultaneous sale sessions there was an entire sell-out of coins. The Binance Coin-supported session sold 23.76 billion BTT within 13 minutes, while the TRX session sold 35.64 billion BTT in a mere 14 minutes and 41 seconds. In total, this sale netted BitTorrent’s team around $7 million.

Considering the speed within a true bear market and an even more recent bearish downturn, the numbers are fairly impressive. However, the general effect for Tron was probably less impressive as the TRX token went both up and down in the sale and the aftermath.

Good build up

In the lead-up to the token sale, Tron saw some pretty good growth as the token tipped over the $0.03 mark on Sunday, but it did start to correct after that.

Tron Price Prediction [Updated]: Tron-Based BTT Shakes Up TRX Price

There were two more substantial drops in the lead-up to this BTT announcement, but both times the coin managed to correct somewhat.

It is probably too early to make a solid price prediction on which way those moves will take Tron, but there are certainly positives moves on the horizon, with even talk of a streaming service being built between BitTorrent and Tron.

Cover image via u.today
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Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology

  • Darryn Pollock
    🤷 Opinions

    Blockchain adoption by billion dollar companies is probably a lot further along than expected as Forbes has revealed


Blockchain Adoption Uncovered by Forbes as Billion Dollar Companies Buy In to Drive Technology
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Forbes has recently released a list of 50 companies utilizing blockchain technology that are valued at over a billion dollars, these companies include the likes of Amazon, Microsoft, IBM, as well as less technical ones such as BP and Walmart.

What is surprising about the list is just how broad the scope of interest is when it comes to blockchain by these massive global companies. The adoption of blockchain, over the last 10 years, has been relatively slow, up until now.


But, in 2019, it seems that the future of technology has been laid out and to get a competitive edge these companies realise that there is a lot that can be done with blockchain and that they need to get their foot in the door.

Heavy hitters

While the Forbes list paints a grand picture of blockchain adoption, it also shows just how far along in the process some of these companies are. For companies to have made it onto the list, they have to have been using blockchain in some sort of effective and tangible way.

There are some, like insurance giant MetLife, which already has a working blockchain, and product, that has been going since 2014. Back then, the adoption of blockchain by major companies was not even heard of – it was more about the starting boom of Bitcoin.

But blockchain is the new leader in the space, taking over the batton from cryptocurrencies which certainly helped raise the profile of the entire ecosystem. If it was not for the cryptocurrency boom, a lot of these major companies would never even have stumbled across the underlying technology.

A drive for blockchain

Now, with the cryptocurrency market right back down again, and a lot of the speculation having been cleared out, there has been a whole year of rather focusing in on blockchain building and its application, instead of making money off speculative tokens.

That change in mindset has really helped major corporations take on the technology and begin experimenting with its efficiency and disruptive powers. There is almost an arms race going on as the advantages the technology can give across a huge spectrum of enterprises, which are massive and very coveted.

A need for enterprise investment

There still remains a debate as to whether blockchain, and crypto, with its decentralised nature, is in need of these major corporations coming in to monopolise the space which was born out of defiance of banks.

However, it would be foolish to think that blockchain can reach its full potential without a drive from big companies with big budgets. Smaller startups and companies are able to bring innovation and excitement to the space, but the mass adoption will only come when the heavy hitters are involved.

Cover image via 123rf.com
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