As Ethereum & Ripple (XRP) Plunged, Tron the Only Major Crypto Post Gains in October

The month of October saw many altcoins continue to bleed out in price, with ethereum (ETH) and ripple (XRP) each declining by more than 10 percent. After almost ten months of mostly bearish price action in the cryptocurrency space, there was just one crypto token that managed to tread water in October — tron (TRX).

Tron’s [Previously] Volatile Nature

Tron’s October stability comes as a bit of a surprise for a coin that is often volatile. Earlier this year, Finder.com conducted a study ranking the top fifty cryptocurrencies by market cap in order of volatility. For the first two months of 2018, tron ranked as the most volatile.

This past month, tron saw a 30-day change of about one-quarter-of-one percent, with that movement occurring to the upside.

Source: onchainfx

Tron’s Controversial October ‘Partnership’

Tron, along with founder Justin Sun, has been accused of over-hyping partnerships. Earlier this year, CCN reported on a tron partnership with Chinese firm Baofeng that didn’t quite live up to the hype.

Last month, on Oct. 12, founder Justin Sun published a tweet hinting at another future partnership announcement.

The mysterious partnership turned out to be with cloud computing company Baidu. But according to another report by CCN, tron was only a client of Baidu — not a partner in the conventional sense of the word. It seems as though tron’s Twitter account even removed their tweet announcing the Baidu partnership. A Google search still finds a link for the tweet, but said link leads to a page that seemingly no longer exists and has not been archived by the Wayback Machine.

Tron did have positive developments in October, however, with news of its upcoming decentralized exchange.

“Tron (TRX) fans had reasons to cheer earlier this morning following the release of the dedicated decentralized exchange (DEX) for tron’s TRX-standard tokens” Hacked reported. But according to the same article, this news was overshadowed by a market-wide price downturn.

Altcoins Continue To Bleed

This month also showed XRP down more than 18 percent, and litecoin (LTC) down almost 17 percent.

According to CoinMarketCap data, Verge (XVG) saw price highs over $0.26 during its peak last December. Verge now sits at just over $0.01. According to these numbers, Verge has seen a decline in price of almost 95 percent over the past year.

Amazingly, Ryan Selkis (better known as “TwoBitIdiot”) predicted such numbers in his 95 Crypto Theses For 2018, posted in January during the height of the last bull market. He said:

“There is no rhyme or reason to prices in crypto, and there will not be in 2018. Best to embrace that this will be a sentiment-driven market until the crash. Stay safe and embrace the opportunity to sit on the sidelines and do research! There will be gems to swoop up in the coming 99 percent off sale.”


Source
Author: Benjamin Pirus
Image Credit

Tron Price Analysis: TRX/USD Trends of October 30–November 05, 2018

Key Highlights:

  • The probability of further Tron price reduction is high;
  • bears may still take control of the market this week;
  • there may be price retracement.

TRX/USD Price Long-term Trend: Bearish

Resistance levels: $0.025, $0.028, $0.031
Support levels: $0.021, $0.020, $0.018Tron continues in its bearish movement. As predicted last week that the TRX price will reach the support level of $0.021.The bears maintain their pressure and the TRX price was reduced gradually, broke the 21-day EMA that is acting as dynamic support and resistance downside. Yesterday the TRX price reached the last week target of $0.021. The bears are in control of the market. It is experiencing a pullback as at present.

The coin is falling below the 21-day EMA and the 50-day EMA, an indication of bear’s pressure which means there is a probability for further decrease of the TRX price to the support level of $0.020 if $0.021 TRX price level is broken down side by the bears.

In case the support level of $0.021 hold, the TRX price will bounce to the north and the bulls will take over the market. The trader should seek the opportunity to set up long trade, have your stop loss order below the support level of $0.21 and exit the trade at the resistance level of $0.025 or where the TRX price reverse.

Meanwhile, the Stochastic Oscillator Period 14 on the daily chart is at the oversold region (below 20 levels) with the signal lines pointing to the north, indicating a buy signal.

TRX/USD Price Medium-term Trend: Bearish

TRX/USD on the 4-Hour chart is in bearish movement. The bears have been in control of the market making lower-lows and lower highs as the characteristics of the downtrend. TRX price hit the last week target by the bears pushing the coin down from the resistance level of $0.026 towards the support level of $0.021.

Presently, TRX price is below 21-day EMA and the 50-day EMA; it indicates a continuation of downtrend movement.

There is a probability that the price will experience further downtrend movement which may break the support level of $0.021 and make the support level of $0.020 as the next target. Nonetheless, the Stochastic Oscillator Period 14 is above 20level which is oversold region; there is a tendency for price retracement.

Image Credit-Shutterstock

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After Baidu, Tron (TRX) In For Major Partnership Talk With Oracle Tech Gaint –TRX News

While the ripple and disruption Tron (TRX) blockchain technology created in the crypto space with the announcement of a partnership with a colossal tech giant, Baidu seems not dead with expectation that bullish growth is imminent for the altcoin, the blockchain technology is again here with another wave will likely create massive shock and aftershock in the space.

The mastermind behind the cryptographic project, Justin Sun open the air today with an announcement that a team from the Oracle blockchain visited the headquarter office of Tron foundation in San Fransisco.

Sun mentioned that the meeting held between the two companies was centered on partnership opportunities talk, Smart Contract and Tokenization.

Oracle Blockchain Meeting With Tron (TRX)

A tech start up adviser that works at Oracle, Neal H., who was amongst the Oracle blockchain team flagged the session as “Meeting of the Blockchain Minds”.

Attesting to Sun statement, he also averred that partnership opportunities was amongst the major talk at the meeting.

Neal expressed gratitude to the likes of Roy Liu, Head Of Business Development at Tron Foundation, and Jonathan, a member of Tron Foundation, who were both present at the assembly today.

Neal also gave credit to Dante Venafro, a Blockchain Advisory Member at Oracle, for the initiating and making the meeting come to realization.

Oracle Blockchain

Edging into blockchain technology in July to join the likes of Microsoft, IBM and SAP in offering blockchain-as-a-service for companies, Oracle intends deploying Distributed Ledger Technology (DLT) with low cost.

Granting an easier way to adopt blockchain technology, Oracle plans to transform businesses with industry’s most comprehensive and enterprise-grade blockchain platform. Oracle blockchain platform helps to secure and make your business transaction faster.

A lover of the blockchain project who commented on the meeting said Tron (TRX) will in the future take over Ethereum and Bitcoin.

Oracle Cloud Service And Tron (TRX) Blockchain

Earlier, in the announcement of the partnership between Tron (TRX) and Baidu, it was stated that the Tron will now have access to working on Baidu cloud platform. Seems like the new impending partnership will also take the same shape as Oracle stands as a tech company that offers Blockchain Cloud Services.

Oracle Blockchain Cloud Service grants a pre-assembled Platform that is used in building and running smart contracts, and at the same time buoying a tamper-proof distributed ledger.


Source
Author:  Evelyn Murphy
Image Credit

Tron Says its Community is More Active Than Ethereum, Hackathon Shows Otherwise

During an interview with Investopedia on Oct. 5, Tron CEO Justin Sun stated that its developer community is more vibrant and active than Ethereum.

When asked by the publication to provide five reasons why Tron is better than Ethereum, Sun said:

“At TRON we always emphasize the importance of accessibility and our dedication to the community. That’s why we made sure to deliver on our goals of being faster and cheaper than Ethereum, providing an easy-to-use and affordable network to our vibrant community of talented developers.”

1,000 Developers at ETHSanFrancisco Ethereum Hackathon

In a recent hackathon held in San Francisco, more than 1,000 developers gathered to develop applications and scaling solutions on Ethereum.

Brayton Williams, the co-founder of venture capital firm Boost VC and a blockchain investor, stated:

“5 years ago at one of the first crypto conferences ‘Bitcoin 2013’ we Boost VC organized the hackathon. We maybe had 25 people participate and took place in San Jose. This weekend it was amazing to see over 1,000 people hacking away @ETH SanFrancisco at the Palace of Fine Arts.”

Lindia Xie, a co-founder at Scalar Capital and 0x advisor, who has helped ETH SanFrancisco and other locations to host Ethereum hackathons, said that the developer community of Ethereum has grown significantly over the past three years.

Echoing the sentiment of Williams, Xie said:

“Completely agree, I remember attending the ETH San Francisco meetups 3 years ago and it’d be like 20 people there! It’s been so amazing seeing the community grow.”

In terms of user activity, transasction volume, network activity, and number of dApps, Ethereum is stastically far ahead of Tron. According to Etherscan, Ethereum is processing around 500,000 transactions per second on a daily basis. Tron, in contrast, is struggling to record 50 percent of that.

But, for blockchain projects based on the ERC20 token contract standard of Ethereum, competition against the second most valuable cryptocurrency in the global market is only friendly, because they benefit off of the efforts of the developer community of Ethereum to scale the blockchain.

Many of the scaling solutions that are being integrated into the Ethereum network including Sharding, Plasma, Snark-Based Side Chain, and ZK-SNARKs are expected to drastically increase the mainnet capacity of the Ethereum network, which will be beneficial to both dApps and blockchain protocols launched on top of Ethereum.

How Tron can Actually Compete

In all areas, Tron remains behind Ethereum, and the blockchain project is not close to catching up to the dominant smart contract protocol, as a cryptocurrency that remains outside of the top 10 rankings in the global market.

But, Tron’s acquisition of BitTorrent, the largest torrent client in the world with more than 100 million users, given Tron a unique market to target with a decentralized blockchain system. With it, if leveraged correctly, it is possible for Tron to find a solid use case of its blockchain technology.


Source
Author: Joseph Young
Image Credit: Images from Shutterstock

Tron (TRX) Unveils Major Update: Project Atlas, DApps, Gaming, Wallet and 97 Billion Token Burn

Tron just wrapped up an in-depth live stream update on the platform’s progress.

Founder and CEO Justin Sun began by comparing Tron’s network activity to other blockchains, noting the Tron network now boasts more unique addresses than EOS. In addition, Sun says Tron gained more unique addresses in the first 95 days after its mainnet launch than Ethereum did during its initial launch back in July of 2015.

Sun also announced that Tron has now burned 98% of all its ERC20 Ethereum-based TRX tokens, which are no longer needed now that Tron has migrated off the Ethereum blockchain. The process has essentially locked up about 97 billion tokens that are no longer needed, throwing away the key.

The Tron team also highlighted a number of DApps, including the updated Tron Wallet for iOS and Android and two new gaming DApps built on the Tron network.

As for Project Atlas – the code name for Tron’s integration with the legacy file sharing platform BitTorrent – Tron revealed a number of announced on how the two platforms will merge.

• Integration of a new Tron-based TRX20 token is designed to incentivize users to share files and increase overall download speed
• Users will have the option to take part in the tokenization, or can continue to use BitTorrent without any modifications if they like
• Mobile, desktop, and third party torrent clients will all have the option to enable the new tokenization features
• BitTorrent will remain free and continue to allow users to upload any and all types of files


Source
Author: Daily Hodl Staff
Image Credit

BitTorrent to Integrate Tron Tokens in New Incentive Model

Following its acquisition by blockchain startup Tron, peer-to-peer file sharing service BitTorrent will begin incentivizing users by paying them with its cryptocurrency tokens.
Tron announced Thursday that its forthcoming Project Atlas would connect BitTorrent and Tron, hoping to make the BitTorrent protocol faster for peers, as well as encourage both new and existing users to run the file sharing protocol for longer periods of time, according to a press release.

BitTorrent seeders, or users storing and sharing files being downloaded, will earn Tron’s TRX tokens for remaining online for longer periods of time, as well as for “dedicating more of their bandwidth and storage to ensure that swarms are faster and live longer.”
Moreover, users downloading content can pay seeders with tokens as part of this incentive program, the company’s website added.

Tron founder and CEO Justin Sun said the move is “the foundation for a new way of content distribution,” according to a statement.
He added:
“To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.”
The press release emphasized that because the Tron protocol uses Delegated Proof-of-Stake (DPoS) as its consensus mechanism, users will not be mining the token on their machines. Instead, token rewards will be “based on resources provided.”
The move appears to be optional – BitTorrent will still remain free to use, according to the press release.

Tron’s announcement comes a month after CoinDesk reported that several employees at BitTorrent had left the company, at least in part due to the direction it seemed to be taking under its new leadership.


Source
Author: Nikhilesh De
Image Credit

TRX Coin Price At A Quarter: What Will It Take For Tron Token To Reach $0.25?

The blockchain space has flourished this year and blockchain-based projects and ICOs fared quite well. However, when it comes to digital assets, the market was not as favorable.

Tron TRX reached several milestones. Justin Sun purchased the largest data sharing platform, BitTorrent to create a decentralized web, known as Web 3.0. Even though the platform launched its mainnet and declared independence from Tronic a few months ago, TRON has declined against fiat currency and has a price that is ten times lower than its all-time high. The big question here is whether TRX is able to rise back to its record price by the end of the year and what are the chances that it will happen.

Tron’s high was back in January and thereafter, it lost 91 percent of its value. Worse, in the last couple of weeks, it had some chances or rebounding and the biggest gain was from $0.018 to $0.026. A week later, the currency fell to $0.017 and went on its sluggish way.
Some surmise that the decline has to do with the negative market trends that are in charge by a common case. Further, it is expected that there will be a continuous decline in the coming weeks. Just last week, TRX has appeared to have adopting a bullish trend, so there is a chance that expectations may change.

Some are saying that by the end of 2018, TRX may rebound due to several new projects that it has announced on Project Atlas. In addition, some believe that TRX needs a boost against the fiat. TRON does best when it has new listing and new trading pairs.


Source
Author: MaxPositives
Image Credit

TRON Network’s First Decentralized Exchange Coming Soon!

TRON Network would soon have its first decentralized exchange (DEX) with TronWatch.Market!
SEEDGerminator, the seeding platform developed by the TRON Super Representative Sesameseed for projects working on the TRON network, now has another project in line to be seeded—TronWatch.Market. It is a decentralized exchange which charges a modest fee to carry out the transactions on the network. The aim of the project is to increase the popularity of the network.

The TWM tokens which aren’t sold during the token sale would be burnt, and so would 50 percent of the fees which it collects for listing and discounts. This would help them decrease the total supply of the tokens as the DEX becomes more widely adopted.
About the trading fees paid using TWM, this is what the official Medium blog has to say:
“We’ll be creating a not-for-profit contract anyone can use to buy and sell TWM tokens. This contract will automatically adjust price based on the current supply and demand. Our DEX will use this contract to exchange all trading fees collected in TRX for TWM tokens at the time trades are placed.
The value of this approach is that it drives volume for the TWM token. The TronWatch team and its affiliates will receive much of their compensation in TWM, and will need to trade that in the future. Arbitrage traders will purchase TWM (from our exchange or others) to sell back to the contract in order to keep the price stable.”

This is what they had to say about the listing fees:
“Every token on the TRON network may be traded on our DEX. There is no whitelist or approval required — it just works. In fact, we could not block a token from being traded, as we will be using decentralized and immutable smart contracts. However, there will be too many to show a list of every option for users to choose from. To address this, we charge a listing fee, paid in TWM tokens.”
Adding to it, the blog said:
“Listing a token costs 150,000 TWM. 50% of the listing fee is burned, reducing the total TWM circulating supply.
Token creators, including ICOs and Dapps, will want their tokens listed to help ensure adequate liquidity is available. This also creates demand for the TWM token and continuously burns TWM tokens, reducing the circulating supply.”
The best part of using the network is that the trading fees keep adding up so that at 5,000 TWM, you can trade for free—something which would help in the adoption of the DEX in the long run.

If you intend to stake TWM to feature a token on the DEX, here’s what the blog has to say about it:
“Our DEX will feature a few tokens on our DEX. This gives those tokens a prominent position so users take notice, perhaps visit the website for more information, and then consider a trade. Anyone can stake their TWM tokens to place a vote for which token should be featured. Staking does not cost users anything; it simply freezes the tokens until the user requests the tokens be returned. The token with the most votes ATM will have 0 trading fees for all users.
We believe this may be an attractive option for recent ICOs and token holders looking to get their name out there to grow their community, helping them build up liquidity so that future traders feel more comfortable considering their token. This gives groups reason to acquire TWM tokens and will temporarily take them out of circulation.”


Source
Author: MaxPositives
Image Credit

Tron’s Justin Sun shows his unwavering support for XRP and Ripple

Yesterday, the entire cryptocurrency market was left astonished because of XRP move. The coin witnessed a massive momentum in the market by seeing a rise of more than 80% in the past 24 hours. It even took over Ethereum within a fraction of moments, with billions of difference in the market capitalization between Ethereum and XRP.
The rally was followed by the whole market speaking of XRP, with the XRP community stating that the long-awaited bull run has finally arrived and other communities calling this a market manipulation and stating this has a fine example for why the market needs regulation.

However, Justin Sun, the CEO and Founder of Tron Foundation, showed his unwavering support for XRP. Before the inception of Tron Foundation, Justin Sun was the Chief Representative for Greater China and the Advisor of Ripple Labs. He was one of the first employees of Ripple in the Greater China area according to his LinkedIn profile.
The Founder congratulated Ripple on his official Twitter handle. Justin Sun stated:
“Congrats to @Ripple! @justmoon”
He further added that the surge in the price of XRP is credited to Ripple’s recent partnership with PNC bank. He said:
“…With Bill Clinton keynoting Swell 2018, blockchain is going mainstream! As Ripple’s Greater China Chief Rep from 2014-16 and a Ripple shareholder, I’m confident financial institutions will adopt blockchain.”

Recently, the CEO of Ripple, Brad Garlinghouse announced that they have partnered with one of the biggest banks of the United States, PNC Bank. The firms will be working together to improvise the bank’s real-time cross-border payments for their commercial customers, an addition to RippleNet. Moreover, Ripple is also set to launch xRapid in the coming days. The product will utilize XRP as bridge currency for the transfer of value of one currency to another currency.

This move by Justin has gained a lot of support from the cryptocurrency community. With the majority stating that Justin has truly shown to be one of the great leaders in the space by stepping up and appreciating XRP and Ripple. A part of the community even claims that the two currencies are going to take over the top positions of the cryptocurrency market soon.
Crypto Steve, a Twitterati said:
“always positive to see leaders of great projects acknowledging each other’s hard work and success.”
Lee Van Cleef, another Twitterati said:
“I was reading this without looking who wrote it. I said to myself “this guy definitely seems to know what he is talking about”….then noticed It’s OUR GUY!!!! Big Tron Hodler and Believer here – Go Justin! Go #TRX”

Moreover, along with the surge in XRPs price, Tron [TRX] also witnessed a significant growth. The coin has seen a growth of more than 4% in the past 24 hours, according to CoinMarketCap. At the time of writing, the coin was trading at $0.023 with a market cap of $1.5 billion. TRX has seen a significant growth of over 15% in the past 7 days.


Source
Author: MaxPositives
Image Credit

Reasons why TRON (TRX) price can increase massively this year!

What is TRON?
TRON is a decentralized platform based on Blockchain and aims to build a digital content sharing platform eventually leveraging peer to peer (p2p) blockchain system. TRON first founded by a non-profit Singapore based foundation, and this foundation is specifically seeking to distribute the global entertainment industry.

Presently, lots of user data and traffic managed by a few corporations like Google, Amazon, and Facebook & Snapchat. TRON creates some serious steps to control by placing ownership of the data back into the creator’s hands.
Features of TRON
There are some key features of TRON, given below
• TRON wants to heal the Internet with its entertainment features.
• Data liberation; free and uncontrolled data.
• Content-enabled ecosystem, where users can obtain digital assets from content spreading.
• Personal ICO with the ability to distribute digital assets.

• Different infrastructure which allows distributing digital assets exchange (such as games) and marketing forecasting.
Advantages of TRON
TRON has the biggest advantage, is its good team of developers, advisers, and investors. It’s CEO is Justin Sun, who is the protégé of Jack Ma, the founder of the Alibaba group and other advantages the fact about data creators, which are the data ownership of central and also the users on the Tron network are entitled to proportional profits granted by rules. Tron has an idea to administrate free service platforms for the public. That’s why it is operated and designed to serve the masses that enjoy entertainment content around the world.

Reasons for the massive increase in the price of TRON
If you are having feelings like the heat just because of the price of TRON. Well, don’t be. This is a right time to get yourself a bit rich with the massive increase in the price of Tron. That is because what is happening now in the market is that wide crash that has seen previously in all cryptos shed a good portion of their value, with bitcoin dropping below $7700. While everything else has risen again, Tron (TRX) is in an incredibly good position with its risen up again by even bigger margins.
Here are the reasons why TRX price could rise:
The Mainnet Launch
In the previous scenario, just a few months ago Tron was in deep fall and it was migrating from the Ethereum blockchain to its own blockchain. But besides all this, several major exchanges have announced to support for the Tron migration, indicating that this event will be a major success as it is a strong enough reason to get into Tron at today’s prices, which reap big once the main net goes live.
Tron’s Drawing more in developers
In the Tron (TRX) case, its success completely depends on the team which has been pushing hard to woo Ethereum developers to the project. Tron team has used airdrops and other rewards to achieve this end. Giving them those incentives are worthwhile and one can expect the faster completion of project milestones, which will serve to further drive up the price.

• One of the biggest reason for Tron’s (TRX) massive increase in price is its continued growth with its fundamental strength.
• The other important reason for the massive growth is because it led by an aggressive and ambitious leader. Justin Sun, the CEO of Tron, has not only overseen the fast-tracking of milestone deadlines, but he has also decided that he wants Tron to be a top 6 coin in crypto ranking.
• It had been hovering in this position for the last few months, until a few deep altcoin drops of the last few weeks. TRON’s peak coin price will be again high as eight cents just in a short duration.
• From the beginning and the new holders who recently have joined, It sees a movement of about $200 million each day, give or take, and this spread across the major trading coin out there.
• According to the price predicting; fiat trading is still extremely unrepresented here. That means is going to have an enormous opportunity to crack more fiat selling with a massive increase in prices and growth parallel.
• Tron’s strong & steady strength which makes it continuously moving and this is also the reason for a massive increase in the price of Tron.


Source
Author: MaxPositives
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