Ethereum Rival Tron Is Surging As Bitcoin Sinks--Here's Why



The tron price has now passed both litecoin and stellar after a strong few months to take the seventh spot in the rankings of world's biggest cryptocurrencies by market capitalization, according to CoinMarketCap, which tracks most major digital tokens.
Tron has outperformed both bitcoin and the U.S. dollar over the last month, with its price climbing over 130% since its bull run began in mid-December. 
Tron is however down by some 90% since its all-time high 12 months ago, which saw it propelled to an eye-watering market capitalization of more than $16 billion by bitcoin and the wider cryptocurrency market's massive 2017 bull run.



 Tron's recent price rally has been put down to a rise in the use of tron blockchain protocol for DApps, while it has been further boosted by the upcoming BitTorrent token sale, which will begin tomorrow and run until February 3. 
There will be two sessions of the token sale whereby investors can use either tron or binance coin to purchase BitTorrent tokens.

 Tron holders will also receive BitTorrent tokens in a so-called airdrop, with the first tranche expected in early February. BitTorrent is a professional version of the file-sharing software features unlimited downloading with file conversion, anti-virus, and an HD media player. 
Meanwhile, the tron price has been sent higher by analysts at Weiss Ratings, who hailed tron's popularity. 
"We might give tron a hard time every now and then, but give credit where credit is due: The TRX/USD pair is the most bullish looking chart of any top 10 project right now," Weiss Ratings said, via Twitter. "The popularity of this project cannot be denied."

 Elsewhere, Brock Pierce, co-founder of crypto-focused venture capital firm Blockchain Capital, has said that EOS, another ethereum rival, and tron are thriving based on the number of decentralized applications and active users on the two smart contract blockchain protocols.


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