BitTorrent foundation is finally going to initiate the first airdrop of BitTorrent (BTT) today at block height 6.6 million to Tron (TRX) holders. It would involve the airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1 percent of total supply.
BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT that is 10 percent of the total supply to long-term Tron holders during online and offline events.
There is no minimum TRX required to qualify for BTT airdrops. Everyone who is holding TRX and all officials wallets relaying on Tron network and carrying TRX are eligible for BTT airdrops, in the ratio of approximately 1 TRX = 0.11 BTT.
Longest Airdrop in History
BitTorrent airdrop is not going to be just one-off event rather it is a gift that will keep on giving. According to the official announcement,“Over the next 12 months following this initial airdrop, 11,880,000,000 BTT will be offered to TRX holders, corresponding to 1.2% of total supply. In 2020, the BitTorrent Foundation will airdrop 12,870,000,000 BTT, corresponding to 1.3% of the total supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025.”
Tron Founder and BitTorrent CEO, Justin Sun has this to say about TRX and BTT’s integration into BiTorrent,“Think of Tron and BitTorrent like a razor and a blade. You need both together to create a new internet economy driven by decentralization. We are seeding BTT to deliver a marketplace of innovations and applications across the web.”
Tron Founder Takes a Jab at Ethereum Founder
Meanwhile, Sun doesn’t let go any chance to take a jab at Ethereum or its co-founder Vitalik Buterin.
Recently we reported how Sun announced a “secret campaign” for Buterin over him choosing BitTorrent as the proved “real long lasting use case for decentralized applications” back in 2017. Just last week, Buterin had taken a jab at Tron with,
Well, now Sun’s followers on Twitter has reached 835k in comparison to Buterin’s 832k and he is not letting it slide unnoticed.
On the price front, at the time of writing, Tron has been trading at $0.02555 with the 24-hours loss of 0.19 percent. The eighth largest cryptocurrency with a market cap of $1.7 billion is in the red by 0.30 percent in the BTC market.
Tron Price Analysis: TRX Moves Downward Today; Traders Still Hold Hope For Improvement In Price
Tron price was seen suffering from quite a long time. The coin was spotted improving from last week. Well, the scenario is exactly contrary to what it was yesterday. The opening hours were quite accelerating, and now, the TRX coin is trading below the baseline. Let’s have a look at the Tron price chart.
Current Statistics of Tron:
- TRX price is trading at $0.017900.
- ROI stands at 772.42%.
- The Market Cap is noted as $1,193,300,472.
- Circulating Supply is at 66,682,072,191 TRX.
- The 24-hour volume is marked as $469,893,103.
TRX to USD Price Comparison:
The chart is taken from TradingView on 24th August 2019, at 04:48:34 UTC.
Yesterday, the TRX coin opened at $0.017563. The coin escalated to $0.018087 by 2.98%. The escalation continued. Tron price jumped from $0.017910 to $0.018325 by 2.32%. For the rest of the day, the TRX coin was seen around $0.018 mark. The coin closed with a profit of 3.20% at $0.018127. Today, the coin opened with an escalation of 0.42% and reached $0.018203. Later, the Tron price fell from $0.018203 to $0.17829 by 2.04%.
Tron Price Prediction and Conclusion:
TRX coin was trading upwards from the last couple of days. The traders were quite impressed by the momentum of the coin. We were expecting Tron to continue the upward movement. Well, the expectations are still intact.
The coin has a high prospect of escalation by the end of the year. Tron would be best suited for long-term traders.
Tron Price Analysis: TRX Meets Critical Resistance Again, Can it Break?
Taking a close look at the market, we can see the past four weeks of trading has presented decreasing volatility, amounting to a shrink in liquidity inflow.
- The price of Tron is likely to create a new low if the $0.018 mark rejects the price.
- Although the price has seen an increase of 6.78% in the last 24-hours, still Tron (TRX) remains in a robust downward range.
Over the past weeks, Tron (TRX) has been displaying a downward movement, subjected under firm bearish control. After the significant rebound from $0.02 in July, the price action is moving on a steady fall with a current price hovering at $0.018. Meanwhile, the bulls have been struggling along with the bearish favoring trend.
Taking a close look at the market, we can see the past four weeks of trading has presented decreasing volatility, amounting to a shrink in liquidity inflow. What this simply means is that the bears seem to be losing momentum.
The bulls are more likely to act upon this bearish weakness. However, if the upper boundary of the channel holds buying pressure, we might witness another terrible sell-off.
Tron (TRX)’s Current Statistics
Trading Price: $0.018
Market Capitalization: $1,204,523,596
Trading Volume: $541,003,115
Key Resistance Levels: $0.020, $0.022, $0.024
Key Support Levels: $0.016, $0.014, $0.012
Tron Price Analysis August 23, 2019
On the 4-hour chart, Tron has continued the rollercoaster move after dropping from the $0.030 in July. Currently, the price is currently testing the channel’s upper boundary at $0.018. If the market can break away this time, the price of TRX is likely to hit $0.020, $0.022, and $0.024 resistances.
However, if the channel’s upper boundary continues to bolster as an active defensive line for the bears, a massive sell-off is likely to floor the market at $0.016, $0.014 and $0.012 supports. Still, the long-term outlook remains bearish for the TRX/USD pair.
In as much as the price actions keep respecting the descending channel formation, Tron will remain perpetually under the control of bear radar. Meanwhile, we need a strong and consistent demand to kick-start a bull run for the TRX market.
Technical Indicator Reading
The RSI 30 level has managed to act as support for the latest price drop as the market will continue to rise if the level can remain uninterrupted.
The Stochastic RSI for Tron is already in the overbought zone; possible selling pressure is likely if it turns downward.
Tron Founder Justin Sun Bashed by Community Despite New BTT Listings
Justin Sun informs the community about BTT getting listed on FinanceX and IDAX but followers respond with a wave of severe criticism of Sun and Tron
The founder of the Tron project, Justin Sun, seems to have ruined his reputation of an innovative project creator and lost the community’s trust. Nearly each recent tweet by Sun meets a wave of criticism where crypto enthusiasts are calling Tron, Sun and even Binance crypto scams.
Many are referring to TRX nothing but a ‘shitcoin’.
One of the recent messages posted by Sun was about BTT getting listed by the FinanceX fiat-crypto exchange but the public does not seem to care about it.
Instead of positive and excited comments, they remind Sun about the failed but heavily hyped lunch with Warren Buffett and Sun’s promise to return TRX and BTT to their previous winning positions on CoinMarketCap – TRX – to the top ten list, BTT – to the top thirty one.