The Tron Foundation has been really busy these days, and the community had some reasons to celebrate at the beginning of 2019. TRX has been looking really bullish the past few days.
Tron’s TRX began 2019 rallying
Only a few days ago, TRX was able to surpass Bitcoin SV (BSV) from the number 9 spot on CoinMarketCap, and on that day, TRX’s market cap reached $1.558 billion.
TRX also took Tether’s 8th spot, but the stablecoin claimed it back, and now TRX is positioned on the 9th place.
The reasons for this rally might include the recent launch of BitTorrent Token (BTT).
The content sharing ecosystem has about 100 million users, and their interest in TRX could be triggered shortly.
Justin Sun says the new token, BTT will be used to reward people who share files on the platform: “Users will earn tokens for uploading, incentivizing them to continue seeding the file longer after the download is complete. Storage and bandwidth will be infused into the torrent ecosystem, causing a rising tide of high availability and longer torrent lifetimes.”
OKEx is one of the leading crypto platforms in the space, and it seems to be helping TRX with an additional push in the market.
The just announced the opening of the marginal market for TRX.
This means that customers “will be able to open a position for the coin with leverage, money borrowed by the exchange for trading. Additionally, a trader can either short or long their position based on the market trend for the cryptocurrency,” notes AMBCrypto.
TRX will be paired with Tether (USDT) and Bitcoin (BTC) for margin trading.
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