2018-6-20 22:15 |
Tron (TRX) is reporting double-digit gains on Tuesday and is the biggest gainer among top 100 cryptocurrencies.
The cryptocurrency seemingly picked up a bid after reports started doing the rounds that Tron Foundation founder Justin Sun acquired BitTorrent – the owner of popular file-sharing client uTorrent – for $140 million.
Rumors of the acquisition have been floating around since the end of May and the deal was reportedly signed last week.
As of now, it is unclear how the acquisition will help TRON cement its reputation as a truly decentralized internet.
Despite the stellar gains, it is still too early to call a bullish trend reversal, the price chart analysis indicates.
Similar to Notcoin - Blum - Airdrops In 2024