Tron Ecosystem Revs Up: NFT Marketplace Launch Fuels Gains for BTT and NFT Tokens

Get ready for a Tron takeover? A tweet by Tron founder Justin Sun sparked a surge in APENFT (NFT) and BitTorrent (BTT) tokens, hinting at

Written by: Arslan Butt • Monday, March 4, 2024 • 1 min read

• Last updated: Monday, March 4, 2024

Tron Ecosystem Revs Up: NFT Marketplace Launch Fuels Gains for BTT and NFT Tokens

Get ready for a Tron takeover? A tweet by Tron founder Justin Sun sparked a surge in APENFT (NFT) and BitTorrent (BTT) tokens, hinting at the imminent launch of a TRON-based NFT marketplace.

Justin Sun Tweets, Tokens Jump

Sun, known for his frequent crypto purchases, sent the Tron community buzzing with his latest announcement. He revealed an upcoming TRON-based NFT marketplace developed by APENFT is set to launch soon. Sun’s tweet, followed by a cryptic “BTT is coming soon,” fueled a 10% price increase for BitTorrent (BTT).

What is BitTorrent (BTT)?

For those unfamiliar, BitTorrent is a popular peer-to-peer file-sharing platform acquired by Tron in 2018. Its native token, BTT, currently trades around $0.000001711.

A Boon for the Tron Ecosystem

The news of the TRON NFT marketplace signifies a significant development for the Tron ecosystem. This native marketplace, built by APENFT, will allow users to create and trade NFTs. While specifics and a launch date remain undisclosed, speculation suggests integration with BTT, Tron’s native token.

APENFT Token Soars

Following Sun’s tweet, APENFT’s NFT token skyrocketed by 25%, reaching its highest price since June 2022. This surge reflects investor confidence in the upcoming marketplace and the potential for NFT adoption on Tron.

Technical Analysis (TRX/USD)

Short-Term: The recent price increase for TRX could be a continuation of the broader market uptrend. However, a pullback for consolidation is a possibility.
Long-Term: The success of the TRON NFT marketplace and its impact on BTT and NFT token adoption will significantly influence TRX’s long-term trajectory. Traders should monitor developments surrounding the marketplace launch and BTT integration for further buying opportunities.