Bitcoin (BTC), cryptocurrency, TRON (TRX) –After two weeks of the worst cryptocurrency price drop since the beginning of the year, when Bitcoin and Altcoins prices hit their lowest level in 2018, the entire market is back in the green. For investors who weathered the tumbling cryptocurrency storm that spawned a litany of unfavorable views on the outlook for the industry, the brief rally is a welcome sign. While most hold their breath in anticipation of further price drop after the rally as most analysts bottom out in the $ 3,000- $ 3,500 range, the majority of coins in the top ten by market cap are seeing double-digit gains that day.
TRON, the twelfth largest coin by market capitalization, is a leader in the top 20 cryptocurrencies. In the past twenty-four hours, profits rose more than 20 percent. Given how far the currency has fallen over the course of 2018, after hitting an all-time high of $ 0.35 per coin earlier in the year, it’s no surprise that TRX managed to be at the top of the back to rise.
As previously reported by EWNThe price movement for TRON – along with the most famous currencies in the industry – has little to do with the development or introduction of TRX. Under the direction of Founder and CEO Justin Sun, the TRON Foundation has continued to seek ways to keep the currency relevant, both in developing development and marketing maneuvers that represent advancement for the industry. Just two weeks ago, before crypto prices plummeted, TRON announced the presence of basketball legend Kobe Bryant as the special guest speaker for TRX’s first international conference, held in San Francisco in January 2019.
Kobe Bryant, CEO and President of Kobe Inc and NBA legend, will attend #TRON’s first international conference in San Francisco as a special guest to share his vision of entrepreneurship. Join the conference with @kobebryant! # niTROn2019 https://t.co/LqxAuu8DBl pic.twitter.com/0b0IzcpOoP
– TRON Foundation (@Tronfoundation) November 20, 2018
While Bryant has little to do with cryptocurrency, he brings with him an entrepreneurial vision that could resonate with the development-minded audience of TRON’s followers and expand the spread of crypto through the crossover provided by the former NBA Most Valuable Player.
In addition, TRON made one of the largest acquisitions of the year for cryptocurrency with the purchase of BitTorrent, the world’s largest peer-to-peer file sharing network. Given the huge overlap between the decentralized focus of cryptocurrency and the open economy of torrenting, it’s no surprise that Sun is targeting BitTorrent as a tool to integrate and improve the TRON platform experience. While the details of the BitTorrent and TRON merger have been limited, the community has, through the announcement of Project Atlas, an initiative aimed at doing more than just torrenting shoes to the TRON platform, but improving how it works, gained some knowledge.
Even with the recent drop in prices in the cryptocurrency landscape, with many focusing on the ongoing 2018 bear cycle as a direct indicator of the health of the industry, currency developers have continued to push the ease of use of their technology. Until blockchain and cryptocurrency experience wider adoption and integrated use in society, it is no surprise that price volatility in Bitcoin and Altcoins continues to increase after a roller coaster path of boom and bust valuation.