Tron (TRX) has been making big moves recently. One such move was making a comeback to the list of the top 10 largest digital coins by market capitalization. Pricewise, TRON has been registering moderate gains. In the last 24-hr period, TRX has seen 3.48% gains to hit $0.034840 on CoinMarketCap. This uptrend looks steady and overall bullish.
Tron Is Poised To Launch Groundbreaking Initiatives In July
On June 28th, Justin Sun said in a tweet, “July is going to be a big month for the TRON community.” In July, Justin will have a charity lunch with Warren Buffett, renowned billionaire investor, after he [Justin] donated $4.5 million to the Glide Foundation. During the lunch, Justin will have the chance to convince a veteran billionaire investor that the future of lucrative investments is cryptocurrencies, and in this case, TRON.
Litecoin’s (LTC) Creator, Charlie Lee is so far the only announced guest invited to attend the highly anticipated lunch at Quince Restaurant, San Francisco with Warren. However, it goes beyond a simple lunch. Sun’s intent is to use that platform to turn many other enterprising investors who are still skeptical about cryptocurrencies to ardent believers.
In the tweet, Justin added that on July 1st, TRON will celebrate the “testnet launch of BTFS.” BTFS will be the largest among the P2P storage network and it will allow its users to receive files as well as share their free storage with other connected users. It’s not clear what impact this initiative will have on the price of TRX but it may cause TRON’S reputation in the decentralized cloud computing ecosystem to grow by leaps and bounds.
On July 8th, the TRON community will witness BitTorrent Speed beta coming to life. This platform will be crucial in powering faster download of files. The BitTorrent Speed is a project that has been in the works ever since Tron officially acquired BitTorrent and the Tron community is antsy of how the BitTorrent Speed initiative will unfold.
The Future Looks Bright For Tron
Before the downward correction that happened on Thursday, June 27, Tron had managed to achieve a real milestone and become the 10th largest crypto by market cap for some time. As of now, Tron is still going head to head with Cardano over who takes the spot of the 10th largest digital token by market capitalization.
Otherwise, enthusiasts are optimistic that if BitTorrent Speed turns out to be a roaring success, Tron’s prices will likely soar high. As Justin remarked, July could be a very monumental month for Tron and the decentralized web ecosystem en-masse.