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Tron TRX is ahead of Bitcoin SV in the cryptocurrency market, the digital currency is leading Cardano (ADA, IOTA (MIOTA) and Monero (XMR) with wide margin.
The digital currency has been on a bull run for some days now. It is noticed that nearly all digital currency are showing a bullish trend, but that of Tron and some other digital assets are extremely outstanding.
At the point of writing this article, Tron (TRX), with a market capitalization of $1.56 billion, is leading Cardano (ADA) and IOTA (MIOTA) with over $292 million and $529 million respectively.
In the same line, the margin between Tron and Bitcoin SV is nothing less than $6 million.
Although the co-founder of Tron and CEO of Tron Foundation has earlier predicted that TRX will soon lead BSV.
“Tron will surpass #BSV very soon. My bad.”
It is not hard to state the reasons behind the crypto bull run. Different cryptocurrency websites have stated that Tron is becoming a good choice for dApps developers, with many of them departing Ethereum platform for Tron network, the reason it market cap is increasing.
The fact that developers claim Ethereum is unable to withstand the increasing number of transaction on their blockchain is creating a problem for the blockchain platform.
Aside BitGuild, many dApps have departed the Ethereum network for Tron. Among them is EtherGoo, which announced the release of TronGoo. Those behind TronGoo said they intend to use the Tron network to provide a “Brand new interface with mobile compatibility.”
Since TronGoo announced this, the market cap of TRX has increased, leaving Bitcoin SV and some other digital currencies as the back. Another thing behind the upsurge could be the announcement of BitTorrent (BTT) token.
Meanwhile, one of the not so mentioned reasons Tron TRX edges Bitcoin SV out of the 9th position is that BitKeep, covering over 16 countries and serving millions of users, has announced Tron (TRX) is now available on their platform.