Tron (TRX) and BitTorrent (BTT) Surge Coming to the Top 25

by in Cryptocurrency News

Tron TRX BTT surge

Blockchain-based decentralized platform Tron's tokens TRX and BTT are among the best performing cryptocurrencies of the week.

Related: Bitcoin dominance index plunges to a seven-month low

The price of Tron's native token TRX went up by over 102%, surpassing $0.1. At the moment the token ranks 16th with a market cap of over $9.4 Billion.

Tron network adopted a deflation policy for TRX. The first deflation history that started on March 31, ended on April 5. So, TRX becomes the world's first deflationary cryptocurrency meaning that the supply of the token will be reduced over time. This can be managed through buybacks or a burning process.

As for BitTorrent (BTT), the price of the cryptocurrency went up by more than 151% in 7 days reaching $0.013. The cryptocurrency ranks 23rd in terms of market cap, which stands at over $6.6 B.

Tron platform was founded by Justin Sun in 2017. The network aims to improve compatibility with Ethereum smart contracts and build the infrastructure for a decentralized internet.

On July 24, 2018, the company bought San Francisco-based internet technology firm BitTorrent Inc. In February 2019 Tron launched the token BTT using its TRC-10 standard.