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Tron Market Cap Skyrockets, Surpasses Bitcoin SV

ยท in Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Tron (TRX) has skyrocketed and surpassed Bitcoin SV (BSV) in the cryptocurrency market. In the last 24 hours, Tron has increased almost 11% surpassing Bitcoin SV that lost almost 2% during the same period of time.

Tron Surpasses Bitcoin SV in Market Cap

Tron seems to continue its expansion in the market. As soon as it sees the opportunity to increase its presence, it immediately does it. This is why it reached a whopping 11% growth in just a few hours. This allowed the virtual currency founded by Justin Sun to surpass Bitcoin SV, a hard fork from Bitcoin Cash (BCH).

A few hours before Tron surpassed Bitcoin SV, Justin Sun wrote a tweet in which he said that TRX was going to surpass BSV.

At the time of writing this article, Tron has a market capitalization of $1.73 billion. This is $20 million more than Bitcoin SV that registered a market cap of $1.53 billion. Each TRX can be purchased for $0.026, while each BSV is being sold for around $87.

Tron will soon be hosting the NiTRON event in San Francisco as soon as January 17. The event will last until January 18 and it will have recognized participants such as Kobe Bryant and Justin Sun.

Additionally, the BitTorrent token (BTT) was also released to the market a few weeks ago. This is very important for BitTorrent and its plans for the future. The intention is to enhance the services provided by BitTorrent to users all over the world. BitTorrent was acquired by the Tron Foundation in 2018, allowing Tron to reach a larger audience for its services.

In addition to it, Tron is expected to enhance its privacy features for in the future. Apparently, the intention is to include the so-called zk-SNARKS and improve users’ privacy.

In the past, we wrote an article regarding this issue. We explained that these zero-knowledge proofs are already being used by many different projects in the crypto market. Each time a TRX transaction is performed, it would now be shielded, encrypting the TRX amounts sent and received.

In the future, Tron could continue to surprise investors with new and innovative solutions. The next step is to surpass Tether (USDT) and reach the eighth place in the crypto market. But why not to keep growing even further?

Meanwhile, Bitcoin SV will have to improve its performance if it does not want other digital assets such as Cardano (ADA) to surpass it.

Read More

Want to learn more about TRON? Read about how Tron’s transactions have passed other major coins in our in-depth article. You can also read about how Tron’s price was boosted earlier this year with the rumor of a big partnership.

Interested in investing in Tron? You’ll want to start with our Tron price prediction article as well as our analyst’s read on TRX trading in our Tron Technical Analysis.

The best place to buy or trade for TRX is on Binance. After, you can utilize the great features of TronWallet to hold your TRX.

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