Over the last 24 hours, some of the top cryptos have seen red, but things seem to be looking really nice for Tron’s TRX. The rest of the market is currently getting some green too. On that note, TRX is very noticeable for its current bullish trend that has seen it gain by over 20%. TRX is now the biggest gainer among the top 10 cryptos.
In fact, not only did TRX gain in terms of value but also reclaimed its number 11 position on the charts right after knocking out Cardano. The crypto has even gone on to grab position 10 from Stellar, effectively knocking XLM out of the top 10.
Tron’s sudden surge didn’t just happen. It was triggered by CEO Justin Sun’s tweet that promised to soon reveal something amazing about TRX and BTT. Justin went on to intimate that the announcement will be a big win for both Tron and the entire blockchain community.
At first, he didn’t seem to have settled on a date, although he promised to do the reveal after June 1st. Justin has since named June 3rd as the big day for the announcement.
As expected, such tweets by influential people have a history of causing a market rush, and TRX was no exception in this case. The crypto’s price soon started spiking. At the moment, TRX records a cool 20% spike and sits on position 10 on the crypto charts as posted on CoinMarketCap. Tron’s other cryptocurrency, BitTorrent (BTT) is currently at position 29 and records a 12% price increase.
The crypto community is one speculative populace. Moments after Justin’s tweet, some people wagered that the announcement may have something to do with the BitTorrent File System (BTFS) that Tron had earlier announced to be working on, although no hard facts have been established so far. The BTFS allows users of the Tron network to store files on their PCs while still on a decentralized network.