**TRON-Based Inscriptions Market to Launch Soon**
TRON (TRX) Founder Justin Sun has announced that a TRON-based inscription marketplace is set to launch. This news comes after TRON recently reached 95 million total addresses, surpassing other Layer-1 networks in address growth.
Inscriptions have gained popularity since the launch of Bitcoin Ordinals, which allowed the creation of non-fungible tokens (NFTs) on the Bitcoin blockchain. Now, other chains are launching their own inscriptions using various types of data such as audio, video, and images.
The inscriptions marketplace on TRON has been developed by TRON developers and APENFT Foundation’s NFT team. All developers are welcome to build in the TRON ecosystem.
While the news did not have an immediate impact on the price of TRX, the token’s trading volume increased by 21.48% from the previous day. The community has welcomed this announcement positively, expressing excitement about what TRON can bring to the NFT market.
Similarly, crypto exchange Binance recently launched its Inscription Marketplace, allowing users to create and trade inscription tokens within the Binance app.
**Justin Sun Behind BitTorrent (BTT)’s Price Surge?**
After announcing the upcoming launch of the TRON-based inscription marketplace, Justin Sun quoted his post to “announce” BTT-related news. Sun acquired BitTorrent in 2018, and it is a file-sharing platform built on the TRON blockchain.
Sun’s two-word post sent the price of BTT surging by 24%. Prior to his post, BTT’s price had been moving sideways. However, just moments after Sun’s comment, the price quickly rose from $0.000001526 to $0.0000017. The trading volume also increased significantly within an hour.
Currently, BTT’s price is $0.000001755, representing a 24.6% increase from the previous day. The token has seen significant price surges of 68% and 118% in the 7-day and 30-day timeframes, respectively. This suggests a recovery from its all-time low in the past year.
BTT’s market capitalization is currently $1.62 billion, making it the 64th largest cryptocurrency according to CoinMarketCap.
**Hot Take: Expectations for TRON and BitTorrent**
The announcement of the TRON-based inscription marketplace and the subsequent surge in BTT’s price have created expectations for the future of both TRON and BitTorrent.
– The TRON-based inscription marketplace has the potential to attract developers to build within the TRON ecosystem.
– TRON’s address growth surpassing other Layer-1 networks indicates growing interest and adoption of the platform.
– The launch of Binance’s Inscription Marketplace further validates the demand for inscription tokens and NFTs.
– Justin Sun’s involvement in BitTorrent and his ability to influence its price through social media posts demonstrate his impact on the crypto market.
Overall, these developments highlight the increasing popularity and potential of inscriptions and NFTs within the crypto industry. Both TRON and BitTorrent are well-positioned to capitalize on this growing trend.
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