Justin Sun Announces Announcement "Big Win" Helping BTT and TRX Surge

Both BitTorrent's Token (BTT) and TRON TRN have recently seen their prices rise after Justin Sun announced a "big win for the blockchain community," which should allow speculators to invest in cryptocurrencies.

This is not the first time Justin Sun has announced a social media ad to more than a million people. Earlier this week, he claimed

something "huge and amazing" could soon be shared

with them, although he noted that he had "a 70% chance of winning and succeeding".

In his new announcement of an upcoming announcement, he revealed that he "had done it" and that it was a "big win" for the community. He said the announcement would be announced on June 3rd.

Some believe that the next announcement originally referred to the

publication of the BTFS protocol (BitTorrent File System)

, which allows users to "receive and host storage and their computers with other individuals and businesses."

Although what Sun plans to announce has not yet been clarified, his tweets have influenced the market, as the value of TRX and BTT grew shortly after it was released.

TRX, BTT Surge with Tweets from Justin Sun

Currently, according to CryptoCompare data, the price of TRX has increased by 13% in the last 24 hours, with each chip trading at $ 0.04. Over the past 30 days, the price of cryptocurrency has increased by almost 65% and its volume of transactions has accompanied it.

BitTorrent's BTT token, on the other hand, increased only 4.2%, with each chip trading at $ 0.00169. Over the past 30 days, it has risen by 153% and the recent rise came after falling to $ 0.0015, which could mean that Justin Sun's tweet coincided with a recovery.

As some badysts have said, the decline in BTT is expected because, according to one

Medium post

BitTorrent, the piracy token is distributed to holders of TRX, whose total release represents 1.2% of its offering, or 11.88 billion tokens, which will be deployed this year.

This could add selling pressure on the price of the BTT, as some users will likely sell their chips as soon as they get them. In addition, a recent announcement of the Opera revealing that it was ready to

add support for the TRON blockchain

and several others on his integrated cryptocurrency wallet is also likely to help the chips.

BTT is a TRC-10 token based on the TRON

network, launched after confirmation of its acquisition of BitTorrent

. The addition of new decentralized applications this week, bringing the total network to 447 according to a TRON network

Weekly update.