Cryptocurrency

Tron Enters Top Five Ranking Cryptocurrencies At 861 Points, Just 26 Away From Bitcoin

It’s a moment of rejoicing for Tron enthusiasts and holders as the cryptocurrency became the fifth largest token on CoinMarketCap, in terms of Fundamental Crypto Asset Score (FCAS), on Monday, July 1. TRX FCAS is 861 points, just 26 behind market leader Bitcoin.

FCAS is comparative index used to measure the fundamental health of any crypto project. The gives points based on various fundamental parameters, like user activity, developer activity, adoption, and market maturity. TRX is moving healthily for the past few months, and recent developments in the TRON Ecosystem suggest a formidable future growth as well.

Tron ecosystem is expecting a major boost in July, especially from the BitTorrent side of things. BTFS based BitTorrent Speed will be launched in a few days from now, which is touted to be the first mass adoption use case for cryptocurrencies. BitTorrent is expected to spread the reach to more than 100 million customers, and successfully done, could ignite a huge rally for TRX as well as BTT.

Another major event for the Tron community happening in July is the eBay powered Power of One Lunch with Warren Buffett. Tron Foundation CEO Justin Sun had made a huge $4.57 million bid in a charity auction towards Glide Foundation. In fact, the move is one which matters to the entire industry, as Warren Buffett has been a staunch opponent and critic of digital currencies, and Sun will definitely make an effort to change the Master Investor’s perception.

All of these factors will lead to a healthy FCAS rating, and Tron will hold on to its position, and might even climb up the ladder.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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