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 said that a "huge and incredible" thing 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.

I did it! Great victory for the #blockchain community! Big reveal on June 3rd. Stay tuned! #TRX $ TRX $ BTT #BTT https://t.co/C2ZcINfcKb

– Justin Sun (@justinsuntron) June 1, 2019

Some believe that the upcoming announcement initially referred to the release of the BitTorrent File System (BTFS) protocol, which allows users to "receive and host storage and their computers with other people 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 analysts have claimed, the decline in BTT is expected since, according to a BitTorrent article published on Medium, the piracy-oriented token is distributed to TRX holders. 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 from Opera, which has announced its intention to support the TRON blockchain and many more on its integrated cryptocurrency portfolio, should also help tokens.

BTT is a TRC-10 token based on the TRON network, launched after the confirmation of the BitTorrent acquisition. The addition of new decentralized applications this week, bringing the total network to 447 according to a weekly update from TRON, could likely support price increases.