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The independent rating agency Weiss Ratings seems to be very bullish about Tron (TRX). In a recent tweet, the company wrote that the TRX/USD pair is the most bullish looking chart of any top 10 projects. Tron is one of the largest digital currencies in the market and it aims to surpass Ethereum (ETH) and EOS.
Weiss Ratings Bullish About Tron
Weiss Ratings is currently bullish about Tron and its future. The company explained that the TRX/USD trading pair is the most bullish looking chart compared to any other top 10 projects in the market.
On the matter, the company wrote:
“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 outlook chart of any top 10 projects right now The popularity of this project cannot be denied.”
We might give #TRON a hard time every now and then, but give credit where credit is due: The TRX?src=hash&ref_src=twsrc%5Etfw">#TRX/USD pair is the most bullish looking chart of any top 10 project right now. The popularity of this project cannot be denied. BTC?src=hash&ref_src=twsrc%5Etfw">#BTC #altcoins #bitcoin #crypto #cryptocurrency
— Weiss Ratings (@WeissRatings) January 25, 2019
Tron has been growing during the last year. In 2018, the Tron mainnet was launched as well as the Tron Virtual Machine (TVM). The TVM has been created to attract dApps and developers from other networks such as Ethereum. In less than a year after launching the mainnet, Tron has registered over 1 million users and has more than 140 decentralized applications (dApps).
In the future, the number of dApps is expected to grow as well as the number of individuals on the platform. Justin Sun, the founder of the Tron Foundation is usually commenting about the latest developments on the network. Furthermore, the Foundation has also acquired BitTorrent, one of the largest decentralized networks in the world.
In 2019, the company is expected to keep growing and compete against Ethereum and EOS. With BitTorrent, Tron aims at bringing blockchain technology to the masses. In order to improve the network, the BitTorrent Foundation has launched its own token called BitTorrent Token (BTT).
At the time of writing this article, Tron is the 8th largest digital asset in the market. It has surpassed Stellar Lumens (XLM) and it could surpass Litecoin (LTC) in the coming hours. It seems that the positive comments made by Weiss Ratings helped Tron to be the best performing coin among the top 30.
Tron has a market capitalization of $1.92 billion and it can be purchased for $0.0288. Litecoin, which has been the second-best performer among the top 10 in the last 24 hours, has a market cap of $2 billion.
Read More
Want to learn more about TRON? Read about how Tron’s transactions have passed other major coins in our in-depth article. You can also read about how Tron’s price was boosted earlier this year with the rumor of a big partnership.
Interested in investing in Tron? You’ll want to start with our Tron price prediction article as well as our analyst’s read on TRX trading in our Tron Technical Analysis.
The best place to buy or trade for TRX is on Binance. After, you can utilize the great features of TronWallet to hold your TRX.