Tron Remains at the Tail of Top-10 on CMC, Reaches over 2 Mln Accounts, Though

Mon, 03/04/2019 - 15:23
Yuri Molchan
💹Tron reaches several important milestones lately but fails to recover spot #9 on Coinmarketcap, remaining at the very end of the top ten list📈
Cover image via U.Today

The Tron Foundation keeps promoting its TRX currency in various ways, from partnerships with new exchanges to using BitTorrent and its native utility token BTT. However, after Binance Coin took position #9 from Tron on Coinmarketcap, TRX has been sitting there with no signs of going forward.

Tron’s recent milestones

Today, on March 4, the Tron Foundation proudly announced on its Twitter account that the number of Tron mainnet accounts has exceeded 2 mln.

In the comment thread, though, some users are expressing doubt regarding Tron’s current state. Some have mentioned that at least half of these 2 mln accounts are empty escrow wallets.

Others have mentioned Tron’s recent major update Odyssey v.3.5, saying that Ethereum has conducted its Constantinople hard fork on the same day as Tron, but the price went down instead.

Slightly earlier, Justin Sun tweeted the number of smart contracts on the Tron network has reached 449, growing weekly by 5.9 percent.

Apart from that, the amount of Justin Sun’s followers on Twitter has reached 911,000. That is already more than the amount of Vitalik Buterin’s followers – 837,000 and John McAfee’s – 899,000.

As a leader of a crypto platform, Justin Sun seems to be getting more popular than some other key figures in the crypto industry. Besides, Sun publicly calls Ethereum and Vitalik Buterin Tron’s rival and plans to overtake it on Coinmarketcap. So far he has just managed to get more Twitter followers.

BitTorrent Product Director: 100 mln of Our Users Can Earn Money Through File Distribution

Tron’s market state, further plans

At present, Tron remains in position #10, where it was pushed back by Binance Coin, which currently occupies position #9.

Tron is trading at $0.0214, having lost 6.44 percent of its value over the last day.

The other day, Justin Sun posted on Twitter that he and his team intend to bring a million BitTorrent users onto the Tron network. This is basically what the acquisition of BitTorrent was made for, as Sun said to the press last year.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at

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