Tron Fighting the Bear Market, Justin Sun Expecting 500% Surge in DApp Activities with Proposal Activation

The 10th largest cryptocurrency is focusing on Buidl to fight the bear market while being down over 94 percent down from its all-time high (ATH). Founder Justin Sun is expecting a tremendous increase in Dapp activities after the activation of Proposal 7 that changes the total energy limit.
DApp Ecosystem Growth: Modifying Total Energy Limit to 250 Billion
Amidst the market rout where Tron price has fallen more than 94 percent from its peak, Tron is focused on Buidl. The 10th largest cryptocurrency that is currently trading at $0.0133 is expecting an explosive growth in Dapp development on Tron network as stated by Tron founder and CEO Justin Sun,
“Proposal 7 is approved by TRON community. We will expect 500% increase of DApp activities after the activation of Proposal 7.”
Tron enthusiast, Misha Lederman shared,
“TRON SR Proposal 7 has been approved. 20 SRs have voted yes to “modify total energy limit to 250 billion.”

By increasing TRON’s energy limit, this allows developers to have lower fees & costs, thereby encouraging growth for the entire #TRX DApp ecosystem.”
Just recently, Sun has commented that “DApp in TRON” will be one of the factors that will trigger the next bull run. And now he has declared a whopping surge coming for Tron Dapps.
Proposal 7 that will drive this growth according to Justin Sun,
“I have created Proposal 7 to increase our energy limit and support TRON developers. This proposal allows them to have lower fee and cost with better experience! Plz vote for Proposal 7!”
Apart from Dapps, Tron is also continuously working on Tron Decentralized Exchanges (DEX). Now, another DEX is going to make an entry into the market as announced by Justin Sun,
“TRX.market  and http://tronscan.org  will jointly launch a new TRX dex trading platform with powerful engine in 48 hours. New dex supports TRC 10 and 20 together! Looking forward to seeing it!”
Moreover, Justin Sun also drew a comparison of Tronscan.org and Stellar.org that represents the former’s popularity as he says, “http://Tronscan.org  has surpassed http://stellar.org according to Alexa Internet from amazon Stellar Org.”

As stated by one crypto enthusiast, “I am impressed how Tron has been able to adapt and are in a position to survive this bear market so kudos there,” Tron seems to be focused on developments and working on making up for the extreme price loss.
The post Tron Fighting the Bear Market, Justin Sun Expecting 500% Surge in DApp Activities with Proposal Activation appeared first on Coingape.
Source: CoinGape

Tron [TRX]’s Justin Sun invites ETCDEV developers to join the “family”

Justin Sun, the Founder and CEO of Tron Foundation, has always been in the limelight because of the brawl with Vitalik Buterin, the co-founder of Ethereum. Additionally, Ethereum, the third biggest cryptocurrency and the leading smart contract platform, has always been the biggest competitor of Tron, with the network surpassing that of Ethereum’s on several terms.
Now, Sun is back in the spotlight because of his invitation to one of the Ethereum Classic’s development team. The development team happens to be Ethereum Classic Development Company aka ETCDEV, which recently announced that they would be shutting down their operations.
The team has been responsible for taking care of the main client of Ethereum Classic, Classic Geth, ever since the occurrence of the DAO hack that resulted in split chains. The team is also known for the development of Emerald, Sputnik VM and Orbita. The reason for the company wrapping up their operations is owed to be the bear market, which resulted in the team failing to raise the sufficient fund required for the development of one of the leading projects.
Justin Sun said on his official Twitter handle:
“You can join #TRON family! Actually one developer in @etcdev has contacted us. #TRX $TRX”
Chris Tannahill, a Twitterati said:
“Despite what people may say, I think you’re doing some great things in this space, Justin  Some projects have brilliant ideas that are not sustainable in the current bear market. It’s awesome that Tron is looking to support developers through these difficult times. Keep it up”
PabloTheViking, another Twitterati said:
“Very clever move, Justin! This might turn out to be the smartest move you have ever done to lay the foundation for future growth of the Tron platform. Developers and applications are key to win this battle!”
Recently, Sun stated that Tron would be building a fund in order to rescue Ethereum [ETH] and EOS developers from the “collapse” of their respective platforms. He stated that the fund will be of help to them only if the developers chose to migrate their dApps to Tron.
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Source: AMB Crypto

Tron [TRX]’s Justin Sun offers to rescue EOS and Ethereum [ETH] but on one condition

Tron [TRX], the tenth largest coin on CoinMarketCap, has been playing it safe and has been gradually moving upwards in the market. Even with the latest changes in the standings of the coins, TRX has proven to hold its tenth position. However, other major coins such as EOS and Ethereum [ETH] have been facing the wrath of the bear and being pulled down to the soil.
After seeing this, TRON founder, Justin Sun offered help to the coin developers but on one condition. Sun tweeted:
Source: Twitter
To this, a Twitter user named JohnColbyEvans1 commented:
“Damn @justinsuntron making people sell their soul. Too the dark side of the moon we go! as long as it gets us there I guess.”
While there were few who appreciated this tactical move by Sun. Boffixpics, a Twitter user commented on Sun’s post saying:
“#TRON is already a really serious competitor. Everybody wants everything fast these days, if not immediately. How can #ETH keep up? If you are developing something that requires fast transactions, the #tron network is recommended.”
Sun had previously suggested Ethereum developers to migrate to Tron, explaining the benefits. Sun had said:
“In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX”
Tron recently added a new feather to its hat in terms of daily transactions and account on its network. It recorded transactions over 2 million and 700k registered accounts. This resulted in Sun claiming that Tron is making blockchain history. The founder also revealed that there will be some more exciting announcements during the niTron Summit 2019.
Tron is an ever so growing foundation who is also investing in the gaming industry. The foundation is investing in various gaming projects over the coming few years with a reserve of $100 million. Sun’s aim is to encourage the gaming developers to build on top of Tron and making it an essential blockchain in the gaming industry. The foundation will also be seen involved in charity, enterprise, and social media.
The post Tron [TRX]’s Justin Sun offers to rescue EOS and Ethereum [ETH] but on one condition appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] is excited to join Blockfolio Signal beta, says Justin Sun

Tron [TRX], the eleventh biggest cryptocurrency, still continues to be the only coin which has been able to successfully dodge most of the bear’s attacks. Along with holding on to a better price position than all the other cryptocurrencies, Tron is also making advancements in terms of developments.
Justin Sun, the CEO and Founder of Tron Foundation said on Twitter:
“#TRON is excited to join the @blockfolio Signal beta, a leader in mobile portfolio tracking and management for the crypto and blockchain industry.”
Blockfolio is a well-known mobile cryptocurrency portfolio tracking and management network. It provides information regarding the price of cryptocurrencies on several exchange platforms. Blockfolio Signal, a communication platform that connects the token teams to the users. This new communication channel will provide users with the latest updates directly from the cryptocurrency team, ensuring a more personal, and transparent relationship.
With Tron being the latest addition, the network provides support to a majority of the top cryptocurrencies in the market. This includes, Bitcoin [BTC], Ethereum [ETH], Monero [XMR], XRP, Bitcoin Cash [BCHABC], Litecoin [LTC], Cardano [ADA], and Stellar Lumens [XLM].
This news comes in the limelight right after Tron marked new milestones in terms of daily transactions and accounts on the network. The network recently recorded over 2 million transactions, and 700k registered accounts, resulting in Sun claiming that Tron is “writing blockchain history.” The Founder also stated that there will be more exciting announcement regarding the project during the niTron Summit 2019.
Moreover, the Foundation announced Tron Arcade, an investment initiative in the gaming industry. Through this, the Foundation will be funding various gaming projects over the next three years, with $100 million reserved for the same. This is with the main agenda of encouraging gaming developers to build on top on Tron, and making it one of the key blockchain ecosystems in the gaming industry. The Foundation has also stated that they will be steeping into various other industries as well including charity, enterprise, entertainment and social media.
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Source: AMB Crypto

ETH vs TRX: Vitalik and Justin Sun continue throwing blows at each other on Twitter

As Tron is getting stronger and Ethereum losing its shine, the rivalry of Vitalik Buterin of Ethereum and Justin Sun of Tron has just got fiercer. Both crypto prodigies again took to Twitter to hell blows at each other again defending the respective coin s and putting down other.
Justin mocks Vitalik again challenges him to touch 2 million transactions per day
It all began with Justin mocking Vitalik pointing at an interview where Vitalik mention that “the next wave in crypto will not be based on a hype.” Justin said that finally, it was clear that the 2017 run lead by Ethereum was all based on hype and also claimed that the next bull run will be led by Tron.
Reply to his tweet, Vitalik Buterin questioned Justin Sun and hit back at Tron by tweeting that, “anyone who puts a dollar sign followed by a ticker symbol in their tweet is basically a self-identified shill and not worth listening to.”

Heuristic #103: anyone who puts a dollar sign followed by a ticker symbol in their tweet is basically a self-identified shill and not worth listening to.
— Vitalik Non-giver of Ether (@VitalikButerin) December 2, 2018

Justin Sun then responded, “We can talk about the dollar sign after the day ETH reaches 2 million Txs per day, which I think will never happen.”

We can talk about the dollar sign after the day #ETH reaches 2 million Txs per day, which I think will never happen. 😊#TRON https://t.co/MnnSFBPtZx
— Justin Sun (@justinsuntron) December 3, 2018

This is not the first time Justin and Vitalik have gotten into an argument over Twitter. A couple of months back they had a similar argument to prove the supremacy in Dapps.
Although Ethereum is fighting with ever-growing congestion, Tron has just been progressing at a great speed.
A couple of weeks back, Justin Sun had tweeted about Tron getting stronger, as it scaled a new record-breaking height as it recorded 1,841,055 transactions per day inching, closer to USD 2 million transactions a day. According to Sun’s tweet, it’s only a matter of time Tron will scale the USD 2million transactions per day creating a new milestone for itself.
While Tron recorded numbers on the positive side, Ethereum had some negative numbers attached to it. According to the data available on EtherScan, the total pending transactions on Ethereum has crossed the 90K mark showing the congestion to have intensified.
Even in battle Dapp’s, Ethereum numbers seem to have fallen miserably compared to EOS and Tron. According to a tweet put forward by Twitter user Kevin Rooke, Ethereum’s top three apps had lesser number of users and also had far less daily transaction volumes.

The top 3 dApps on…
EOS:12,382 users$1.4 million daily tx volume
TRON:2,578 users$5.5 million daily tx volume
Ethereum:2,133 users$461,000 daily tx volume
TRON and EOS dApps have both flippened ETH dApps. 🤯 pic.twitter.com/BcgvanjtWx
— Kevin Rooke (@kerooke) November 27, 2018

 
Ethereum is clearly struggling and needs solutions desperately. These face-saving debates by Vitalik may not work out for long if Ethereum fails to resolve its scalability issues.
Will Ethereum be able to provide answers to Tron or will it bow out? Do let us know your views on the same.
 
 
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Source: CoinGape

Tron [TRX]’s Justin Sun: Tron is more like a protocol rather than a company

Justin Sun, the Founder and CEO of Tron Foundation, elucidated on the decentralized internet, in an interview with the Cryptochick on Bad Crypto Podcast. He also shed light on the most awaited project of Tron, Project Atlas.
Sun started by speaking about the decentralized internet. He stated that, first, decentralized internet means that the data is held by the users themselves and not by a centralized server or authority. The second being that the whole network has to governed by the community members themselves and not a President or the CEO.
He said:
“We can see that Tron is also more like a protocol rather than a company. I think that’s also introduced like a brand new concept of the protocol rather than a company institution or profit or entity”
Sun further spoke about the Project Atlas, stating that it will be introduced to the users in Q1 of next year. He said that the Foundation is making use of the blockchain technology to make BitTorrent more efficient. The Founder stated that BitTorrent runs on a mechanism called Tit for Tat. He went on to say:
“So basically, it’s how much you upload, how much you download. But this mechanism doesn’t work when it comes to, for eg., if I finish downloading, I don’t have the incentive to upload anymore. So, that’s a problem caused 30% of the swarm and the private tracker and also the seed is obsolete in like three months.”
Because of these reasons, the Foundation will be providing a cryptocurrency based on the Tron network. This would be a solution to provide an incentive plan for the users. This mechanism allows users to earn from other users for uploading or avail the token distributed by the system.
He added:
“BitTorrent is a popular in 138 countries. So its very important that we find a solution like a payment channel that all the country it’s the same. Right now, the banking system and all this payment channel is fragile. You can’t find a way to exchange the value instantly, globally. So basically, that’s one of the advantage we have here for the Tron network.”
Furthermore, Sun stated that with the unique currency for the BitTorrent protocol, users can exchange value in a unified unit. He added that the BitTorrent currency and the ledger transaction will be controlled by the network and not a single party in order to prevent account suspension.
The post Tron [TRX]’s Justin Sun: Tron is more like a protocol rather than a company appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX]’s Justin Sun elucidates on the new governance system

Justin Sun, the Founder and CEO of Tron Foundation, spoke about the Tron network and its new governance system, during an interview with Cryptochick on Bad Crypto Podcast. He also gave an insight on the key role played by Tron’s Super Representatives.
Sun started by speaking about Tron’s aim of building a decentralized internet. He stated that the Tron has a “brand new” governance system, Delegated Proof of Stake [DPoS]. The Founder added that this gives every token holder the right to vote for their governance.
He went on to say:
“We now have the first generation fo the blockchain governance, it is called PoW, Proof of Work. It’s what’s adopted by Bitcoin, Ethereum and is seen in the Tron we launched in 2017. [Now], we have like a brand new consensus mechanism called DPoS. So, it’s just like a democratic election. So every token holder can elect their leaders and they can elect their Super Representative”
Sun further stated that these SRs represent the whole network and their voters. They also decide the governance and the proposal in the network. He added that this system is a “very good way” to ensure decentralization and solve the governance problem. Sun continued to say that these Super Representatives are spread out around the world in different continents and industries such as exchange, game, and dApp on the Tron network.
The Founder went on to describe Super Representatives, stating that they have several functions. On the technical side, the Super Representatives are incharge of playing the role of a validator of the Tron blockchain network. “They are the trust node, they help the network to validate the ledger”, he added.
This was followed by Sun speaking about the second important function, the Political Function, which is to help to govern the whole network. He went on to say:
“It’s just like the congress. So, the congressmen, they discuss and then they vote to pass the bill. So basically, it’s the same. We pass several bills in the Tron network to help resolve the governance issues […] You can see a lot of the super representative also play like a very important role in the development of tron network. Some people develop decentralized exchange, some people develop the game, some people develop the dApps, some people develop like tipping bots on our network.”
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Source: AMB Crypto

Bitcoin [BTC], Tron [TRX] and Binance Coin [BNB] to be used to pay for Pro, ad-free products

BitTorrent Inc., responsible for the development of widely known clients uTorrent and BitTorrent for peer-to-peer file sharing, announced that customers can now pay for Pro and Ads Free products using Bitcoin [BTC], Tron [TRX], and Binance Coin [BNB]. The payments will be using Coinpayments.net, a cloud-based payment solution for numerous cryptocurrencies, as the gateway.
Justin Tron, the founder of Tron and CEO of BitTorrent, said
“BitTorrent joins a growing list of online companies whose products and services accept TRX as payment. With BitTorrent’s over 100 million users, the move helps increase the use of TRX in online marketplaces while giving consumers more options to unlock value from BitTorrent’s premium products.”
The benefits of going Pro include HD playability, file conversion, fast downloads, and PC protection from malware, and, of course, ad-free usage. The blog post has also detailed how to pay for services using TRX or BTC.
BitTorrent, Inc. is a software company based in San Francisco. Founded in 2004, it uses peer-to-peer sharing technology to enable sending large files over the internet and allows content creators to connect with users. In their own words, “BitTorrent introduces decentralized currencies into one of the world’s largest decentralized applications”.
pxlicious, on Twitter, commented on the development:
“Bye Netflix! Next generation of TVs will be BitTorrent certified.”
Cryptoduck’s insight on Twitter:
“There is inherent value to the BitTorrent brand, and TRON should not miss the opportunity to advertise the names side by side.”
It might well help facilitate the wider reach of TRX. There are potentially thousands, if not hundreds of thousands, of BitTorrent users who have either not heard of TRX, or are otherwise unfamiliar with. This move is expected to lift the adoption rates.
The post Bitcoin [BTC], Tron [TRX] and Binance Coin [BNB] to be used to pay for Pro, ad-free products appeared first on AMBCrypto.
Source: AMB Crypto

Tron is Getting Stronger as it Closes on USD 2 Million Transactions Per Day

Tron, as a project, is taking giant strides every day as it inches closer to Ethereum challenging its position and supremacy in the cryptoshpere.  In a recent tweet, Justin Sun, the founder of the project, announced that Tron has broken another record as it inched towards 2 million transactions per day.
Justin’s Tron just getting better as it prepares to take over Ethereum
According to the latest Tweet put forward by Justin Sun, Tron scaled a new record-breaking height as it recorded 1,841,055 transactions per day inching, closer to USD 2 million transactions a day. According to Sun’s tweet, it’s only a matter of time Tron will scale the USD 2million transactions per day creating a new milestone for itself.

New record 1,841,055 Txs per day! Will break 2 million very soon! #TRON #TRX $TRX pic.twitter.com/o5oITNRYAE
— Justin Sun (@justinsuntron) November 24, 2018
According to the picture that forms part of the tweet, Tron currently has 1911 online nodes and has reached a block height of 1424121. It also shows that the MainNet has been able to achieve a Maximum of 748 transactions per second which incredible for a relatively nascent ManiNet. At this speed, in no time Tron would take over Ethereum
And it’s not just the Tron MainNet that growing in performance, its Dapp’s are also changing the game for Tron to take over Ethereum
In October, Tron’s dApp, TRONbet made more than half a million individual transactions which were far greater than Ethereum’s daily transaction volume. This suggests that the TRON dApps perform better than Ethereum dApp IDEX.
The daily active users on TRONbet are around 1,923 when Ethereum IDEZ has just under 950. Even though TRON has less decentralized apps, the increase in the number of transaction makes it outperform Ethereum.
In September, Justin Sun had taken a dig at Ethereum misery as it had asked Dapps to use Tron over Ethereum as it was 100 times faster than Ethereum and was fully compatible with Ethereum.

Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX https://t.co/gRCtOC0rIS
— Justin Sun (@justinsuntron) September 24, 2018
This was in reply to Afri Schoedon, a developer based in Berlin, Germany who claims himself to be a blockchain minimalist tweeted asking D App developers to stop using Ethereum to deploy their D-apps as it is running out of capacity.

Please stop deploying d-apps to Ethereum. We are running at capacity.
— Afri (@5chdn) September 20, 2018
Well Tron looks rock solid in front of Ethereum misery and it looks like Justin Sun will have the last laugh in ann epic contest between Sun’s Tron and Buterin’ Ethereum
Who will be the ultimate winner of this fight: will it be the patient but deadly Justin Sun or will it be the beyond aggressive Vitalik Buterin? Do let us know your views on the same.
The post Tron is Getting Stronger as it Closes on USD 2 Million Transactions Per Day appeared first on Coingape.
Source: CoinGape

Tron [TRX] cross 4 million in block height; gains additional support with Blockport listing

Tron [TRX], the eleventh-biggest cryptocurrency by market cap, has crossed another milestone since the launch of the Tron Virtual Machine [TVM]. This time, it has made a mark by surpassing 4 million mark in terms of the block height. Justin Sun, the CEO and Founder of Tron Foundation announced on Twitter:
“#TRON reaches 4 milliom block height! #TRX $TRX”
Tron [TRX] block height | Source: TronScanGenerally, a blockchain has a series of blocks, the very first block is known as the genesis block. The genesis block has a block height of zero. Moreover, the blocks contain data units which store information of the transactions that takes place on the network.
X-Wing, a Twitterati said:
“Towering above the competition #TRON #TRX”
YOTCOIN, another Twitterati said:
“Living up to what the believers in Blockchain would like to believe in. p2p economy :)”
Moreover, the coin was recently listed on Blockport, a cryptocurrency exchange that allows users to buy, sell and trade cryptocurrencies with Euro. The cryptocurrency has now gained the support for trading alongside Euro, with the support of this exchange platform.
Blockport announced on their official portal:
“Of equal importance is that Tron’s European community will now have direct access to the TRX token through our user-friendly exchange and trading platform.”
However, the community continues to be stressed about the lack of positive price action. According to CoinMarketCap, the cryptocurrency was trading at $0.022 with a market cap of over $1 billion. The trade volume of the coin was $54 million and had slumped by 3.80% in the past seven days. The highest trade volume of the coin was pouring in from BitForex with TRX/ USDT pair. It was followed by OKEx with TRX/ USDT pair, Binance with TRX/USDT pair, and Huobi with TRX/ USDT pair.
Sveinung Hereid, a Twitterati said:
“Do you ever think about your HODL’ers @justinsuntron ? Looks like this is the top value the coin will ever reach. Not a single thing so far can prove otherwise. Still u hype us along making only your self rich.. its….sad.”
The post Tron [TRX] cross 4 million in block height; gains additional support with Blockport listing appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] announces addition on new exchange; Tronics joy knows no bounds

On 2nd November, Justin Sun, the founder and Chief Executive Officer of the Tron Foundation, revealed that TRX can now be traded on BitexBook, a popular cryptocurrency exchange. Sun tweeted:
“#TRX already can be traded on @bitexbook, BITEXBOOK will provide #TRON a powerful, in-demand service that will allow #TRONICS to reduce effort spent on managing crypto assets and makes it transparent and reliable. #TRONICS can trade TRX/BTC now.”
The service will allow Tronics to reduce effort spent on managing crypto asses and makes it transparent and reliable. BitexBook has stated that they will offer instant deposit where all deposit and withdrawal options will be instant. The exchange has also said the withdrawals will be successful in 60 minutes.
Brad, a Twitter user added:
“At this stage in crypto, the market dictates the price, not the projects themselves. When the entire market goes up, so will Tron. Everything follows BTC, coins won’t move on their own until they have major revenue streams coming in. That’ll be a few years from now.”
Tron was also in the news recently when Justin Sun announced that he had conducted the coin burn of $800 million worth of TRX tokens. The report released by the company states:
“This time, TRON foundation burned 34776069388.7 TRX, which is part of the TRX locked by the Foundation. According to the official statistics, 98012196741.9 TRON ERC20 Tokens have been burnt so far, accounting for 98.01% of the total 100 billion TRX issued.”
The report released by the Foundation also added that at the moment over 100 different exchanges as well as wallets. The company assured users and holders that all the TRX token received will be processed by the Foundation itself.
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Source: AMB Crypto

Cryptocurrency Market Update: Tron Pumps Again on ‘Industry Giant’ Partnership Teaser

FOMO Moments
Markets are still low this weekend; Tron gripped by fomo, XRP also recovering.
Crypto markets are still very depressed as we enter the weekend. There has been no recovery from the mid-week dump which resulted in the loss of $20 billion from digital currencies. Total market capitalization is hovering just above $200 billion at the time of writing and remains close to its lowest level for a year.
Bitcoin bulls are still sleeping this Saturday as BTC remains at $6,280 showing zero movement over the past day. Ethereum has gained a little but is also extremely weak trading at just below $200 in Asia this morning.
Altcoins are predominantly green at the moment but this is no surprise considering the huge dump they all made over the past few days. The top ten shows XRP making the biggest recovery right now, adding 7% back to its value and trading at $0.419. Litecoin is second with a 5% rise to take it back to $54. The rest are making around 2-4 percent at the time of writing.

The top twenty is seeing more movement with Tron trading double digits higher today adding 11% to bring TRX prices up to $0.0235. Tron has regained all losses in the recent dump and is back to its last weekend level. Justin Sun’s marketing machine keeps pumping out those fomo inducing tweets which are currently driving momentum;

Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name #TRON #TRX $TRX
— Justin Sun (@justinsuntron) October 12, 2018

The Reddit feed has gone wild with speculation as to who this new ‘industry giant’ partner could be but, as has been the case before, it could be another overreaction. As in the top ten, most other altcoins in this section are trading between 2 and 4 percent higher on the day, making a small recovery from their big drops.
There are a couple of obscure pumps as usual this morning in the top one hundred with Digitex Futures entering the chart with a 27% pump. Augur is also making 15% on the day to climb over $13 once again. At the messy end of things is Dropil dropping just over 7% over the past 24 hours.
Total crypto market capitalization has clawed back 1.5% since the same time yesterday. This has increased market cap to $202 billion which is still over 8% lower than this time last weekend. Bitcoin dominance remains a little higher at almost 54% despite its lack of movement today.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Tron Pumps Again on ‘Industry Giant’ Partnership Teaser appeared first on NewsBTC.
Source: New feedNewsBTC.com

Tron [TRX]’s Justin Sun teases users with secret partnership; community speculates Alibaba involvement

On 12th October, Justin Sun enticed users with another secret announcement that has blown up Twitter with comments and speculation by users and enthusiasts. Justin tweeted:

“Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name #TRON #TRX $TRX”

The partnership comes in the wake of several tie-ups that the Tron Foundation has conducted with the latest announcement adding fuel to the already blazing fire. The Justin Sun led company has ensured that it garners media attention with several posts not just by the Founder, but also by several social media handles related to the company. The last time the company set the Twitter sphere abuzz was when it revealed its acquisition of BitTorrent.
On 23rd July, Tron had confirmed the acquisition of BitTorrent and declared Tron to be the “largest decentralized Internet ecosystem in the world”. BitTorrent currently has an active user base of over 150 million.
Justin Sun had then tweeted:

“Proud to announce @BitTorrent and @uTorrent are now part of the #TRON family. BitTorrent is supported by over 100M active users. Together we are building the future of the decentralized Internet! Stay tuned for updates #TRONBT $TRX @Tronfoundation …”

The latest announcement has received a lot of attention by members of the crypto sphere with several of them commenting on the Sun’s post.
Rahul Sharma, a Twitter user said:

“Alibaba come on just say it.”

thecryptomaniac, another user stated:

“Can’t wait to know!. It could be anyone…. What a freaking great way to end the week no matter who it is!. Thank you!!!. #HODLTRX”

A lot of users are speculating the secret partnership to be with Chinese marketplace behemoth, Alibaba. The rumor seems to be fueled by Justin Sun’s association with Alibaba, a connection that trails back to Sun graduating from Alibaba’s Executive Chairman Jack Ma’s Hupan University.
The post Tron [TRX]’s Justin Sun teases users with secret partnership; community speculates Alibaba involvement appeared first on AMBCrypto.
Source: AMB Crypto

Tron Partnering up with Tens of Billions USD Valuation Industry Giant- Justin Sun

Tron (TRX) price rise coming? Justin Sun, Tron CEO has announced that the 11th largest cryptocurrency is partnering up with an industry giant with a valuation of tens of billions of dollars. With “guess the name”, Sun has risen the anticipation with TRX looking to take a hike.
TRX price surge incoming?
Tron founder and CEO has yet again raised the anticipation as he announces on Twitter: “Finally, First time to partner with tens of billions USD valuation industry giant.” And then ask the public to “Guess the name.”

Well, the majority of the people have come up with Alibaba, a Chinese multinational conglomerate in the Internet, retail, e-commerce, AI, and technology industry. Co-founded by Jack Ma, it is one of the biggest companies in the world, Alibaba’s market value stood at US$542 billion as of June 2018. The interesting fact is Justin Sun has graduated from Jack Ma’s Hupan University.
A few guesses were for Amazon, though people do come up with Ripple, Google, Walmart, Xiaomi among others.
Tron is quite popular with its marketing gimmicks as in the past Justin Sun has started countdowns for Tron mainnet launch, and TVM. One Twitter user shared, “Yeah another announcement of the announcement with the guess game now.”
However, people are certainly pumped up as another one comments, “tron to partner with a company worth in excess of $10 billion. #trx just keep delivering.”
These events raise the interest of the public in the related cryptocurrencies and the prices usually take a surge.
At the time of writing, Tron (TRX) has been trading at $0.0226 with a 2.15 percent rise. At 11th spot, it has a market cap of $1.48 billion while managing the daily trading volume of $173 million.
Do you think TRX will take a jump on the anticipation of this partnership? Share your thoughts with us by commenting below!
The post Tron Partnering up with Tens of Billions USD Valuation Industry Giant- Justin Sun appeared first on Coingape.
Source: CoinGape

Tron Price Analysis: TRX Sellers Angling at ATLs of Jan 24

Despite update of Tron Mainnet via Odyssey 3.1, the launch of a one-in-all developer suite and Justin Sun shills, TRX is likely to drain in days to come. Like in most coins, yesterday’s 10 percent depreciation is setting the pace for further lower lows. As such we recommend risk-off traders to sell on pull backs after our stops at Oct 7 lows were hit yesterday. First targets will be at TRX ATLs at Jan 24 lows.
Latest Tron News
Tron and Justin sun are synonymous. While Justin Sun is a good marketer often making headlines when he shills his coin and thrash Ethereum, none of his charms seem to be working at the moment. Though the market was expectant, waiting to see TRX build on the bull pressure after the launch of TVM and the update of Odyssey 3.1, TRX is still under immense bear pressure and tumbling.
Nevertheless, there is some bullish aspect to be gleaned from recent developments. The recent suite release for developers to hit the ground is overly positive. According to Tron, the objective is to allow dApp builders to easily deploy their creativity on the network.

New developer suite available: TronBox, TronGrid, TronStudio & TronWeb. Developers are now fully equipped to build the best Dapps on #TRON! We are also excited to announce that we officially enter the Smart Contract Era following #TVM main net new version https://t.co/fJXdb35JTy
— TRON Foundation (@Tronfoundation) October 9, 2018

The suite comprises of four major tools including TronGrid which links with Infura allowing developer faster access to the Tron network. On the other hand, TronBox works in a framework environment with a sole purpose of allowing users to test and deploy smart contracts. In fact, Justin Sun tweeted saying the new TVM is 200 times faster than Ethereum and 100 times cheaper than EOS.
Tron Price Analysis
Weekly Chart

 
Thanks to last week’s gains, TRX losses are not as deep like in most coins. On a weekly basis, TRX is down three percent but the consolidation is clear. From the weekly chart we notice that TRX is trading within a 1 cents range. There are strong  caps at 2.8 cents on the upside and 1.8 cents acting as support. Either way, the failure of TRX bulls to clear week ending Aug 12 losses means sellers are in charge.
Fact is the bear break-out bar of early August did confirm sell pressure. As such, our expectation was that bulls would rally above 3 cents. This would in turn ignite the next wave of bulls as 2018 losses are reversed. But, that is not the case. Considering the set-up, it’s likely that bears might end up driving prices below 1.6 cents inviting sellers who will then drive prices towards TRX ATLs.
Daily Chart

In the daily chart, our previous Tron price analysis no longer holds thanks to yesterday’s 12 percent loss clearing our stops below Oct 7 highs. This single bearish engulfing bar did neutralize our previous bullish projections. Even though we need to see a bear bar breaching and closing below 2 cents, it’s obvious that sellers are in prime conditions.
Therefore, considering the prevailing conditions and the expectations that prices might pull back today, we recommend risk off traders to unload at spot rates with first target at TRX ATLs of Jan 24.
However, conservative traders should wait until TRX prices dip below 1.6 cents. Afterwards, they can sell on pull backs with same bear targets.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post Tron Price Analysis: TRX Sellers Angling at ATLs of Jan 24 appeared first on NewsBTC.
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