Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance

Tron [TRX] is pushing Ethereum out of the stage as it is better at scaling and is performing splendidly in terms of Dapps. The ninth-largest cryptocurrency in the world [by market] seems to be doing better than other cryptocurrencies.
The market cap of TRX is shy of $200 million to reach the $2 billion mark and the price at the time of writing was at $0.0270. The 24-hour trading volume of TRX was at $221 million.
Source: TradingView
TRX prices show no sign of stopping now since they’ve broken the support at $0.0267, whereas the support line at $0.0212 has held the prices steady so far. The uptrend for TRX extends from $0.0215 to $0.0237, while the downtrend ranges from $0.0328 to $0.0273.
The MACD indicator shows a bullish crossover over the zero-line and is heading towards the upside. The histogram is slowly representing the same.
The Awesome Oscillator shows a failed attempt at a bearish crossover as the green bars are extending in height, indicating an increase in momentum and hence, an increase in the price.
The Parabolic SAR markers are seen forming below the price candles, supporting and pushing the prices to go higher.
Source: TradingView
The MACD indicator shows a possibility of a similar scenario as seen in the one-hour chart, a bullish crossover as the MACD and the signal lines are eerily close to each other.
The Stochastic indicator shows a perfect bullish divergence as the prices are rising continuously but the Stochastic shows a decreasing trend. The trend for Stochastic was changing at the time of writing as it was undergoing a bullish crossover as well.
The Chaikin Money Flow shows a negative indication as the money moving into the TRX markets is low and not coinciding with the bullish trend.
The one-hour chart is lit with bullish signals as indicated by the SAR, MACD, and AO indicators. The one-day is also showing promising signs for Tron in the future as indicated by the MACD, CMF, and Stochastic indicators.
The post Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance appeared first on AMBCrypto.
Source: AMB Crypto

Tron Price Analysis: TRX Demand Increasing, BTT Effect?

Tron price expansion, closing in on Stellar (XLM) and Litecoin (LTC)
Platform ambitions could see it become a major player in years ahead
Transaction volumes pick up hinting of underlying demand

News of partnerships and other supportive fundamentals is supportive of TRX and Tron. As Binance and other exchanges prepare for air drops, demand should increase meaning TRX could outperform most coins in the top 10 and even flap Stellar (XLM) and Litecoin (LTC)
Tron Price Analysis
The crypto market is yet to chime in with expansions of late 2017. Even so, Tron, an ambitious platform, has been mostly successful. Justin Sun’s social media presence and streams of good news continue to prop TRX prices. Encouragingly, prices are steady against unfavorable market conditions, outperforming leaders as Bitcoin and competitors as ETH. Nevertheless, critics continue to maintain their position.
While they see TRX and Tron as vaporware backed by shills and Justin Sun’s aggressive marketing, project believers point to hard statistics. Here, numbers favor Tron. Five months after launching their Ethereum VM compatible Virtual Machine, developers and well as projects are flocking to Tron. This is thanks to irresistible offers and a superior, scalable and cheap platform.
With every partnership, it is increasingly becoming clear that Tron is scaling its way up. Gradually, it is becoming a legitimate contender and may be disruptive for legacy systems primarily in the media sub-sector. Add BitTorrent and upcoming BTT air drop, and it’s a game changer.
Candlestick Arrangements

TRX gains are slow and steady. Ahead of BTT air-drop, we expect TRX demand to increase, and as supply-demand dynamics dictate, prices will rise in response. They are, and at spot prices, TRX is up 1.7 percent from yesterday’s close. If anything, this is impressive and syncs with our TRX/USD trade plan. Since TRX is trading within a bullish breakout pattern with supports at 2.5 cents, traders should be fine-tuning their entries in lower time frames. Every dip should technically be a buying opportunity with tight stops at Jan 22 lows and targets at 4 cents.
Technical Indicators
In the volumes chart, demand is picking up explaining rapid price movements of the last few days. As logic demand, increase in price should be accompanied by growing demand. This is in turn relayed via high transactional volumes. That is precisely the case—volumes up from 7 million on Jan 17 to 18 million by yesterday’s close. We can interpret this as bullish, but it would be ideal if breakouts above 4 cents exceed Jan 10’s 95 million. That’s roughly five times current averages.
The post Tron Price Analysis: TRX Demand Increasing, BTT Effect? appeared first on NewsBTC.
Source: New

Tron [TRX] did a Great Job of Building Community and Attracting Developers: Bitcoin Foundation Chairman

Brock Pierce, Bitcoin Foundation’s Chairman and co-founder of the EOS Alliance praises Tron for its efforts that are “required for a blockchain to be successful,” while Tron achieved big numbers in terms of increased transactions, accounts, and Dapps.
Tron Surpasses 200 Million in 38 Days after the First 100M
Recently, Tron had its niTROn Summit 2019 where they made a lot of promises and claims to its community. Marcu Zhao, the head of the Tron public chain declared that Tron, “will listen to the community to achieve the decentralization of developing team and attract more developers to join us.”
In the meantime, Tron made a lot of development as Tron enthusiast Misha Leaderman took to Twitter to share,
“TRON has reached 6,000,000 Block Height. Two days after the hugely successful niTROn Summit, TRX has: surpassed 1,5 million accounts, 163 DApps at dapp review, outperformed all other top 10 coins, announced BitTorrent BTT Airdrop plan, and announced BitTorrent speed.”

Blockchain and Fintech Analyst, Gordon also shared another milestone that Tron achieved in terms of 200 million transactions.
“TRON just surpassed 200 Million Transactions. The first 100M took 173 days. The second 100M took just 38 days! That is 455.26% faster than the first 100M. Absolutely incredible! Congratulations to Justin Sun and the entire TRON Community.”
Ethereum’s Scalability Issues & Tron’s “Great Job”
While Tron is making a lot of noise in the crypto space, Brock Pierce, the current Chairman of the Bitcoin Foundation and co-founder of the EOS Alliance responded to “Thoughts on #TRON as a contender” with,
“Tron has done a great job of building community and attracting developers. Those are two of the most important attributes required for a blockchain to be successful.”
Peirce’s praise of Tron’s marketing efforts came after talked about Ethereum’s scalability issues in a recent chat with CryptoTrader Ran NeuNer,
“If Ethereum does not solve the scaling this year then there will be a problem. The market is not going to wait for them to catch up, especially with all the generation 3 blockchains coming up. EOS is currently the number two chain in terms of developers with a lot of runway. It also helps in having the most advancement form of solving scalability issues.”
Pierce also spoke about the fall of Mt. Gox and the effect it has now on the market, “The fall of Mt.Gox incurred massive reputation damage and the feeling that it propagated throughout the industry was crazy. People thought that since Mt.Gox got hacked, Bitcoin must be unsafe too. We need to create safer and better practices in the field.”
Just like the majority of the crypto experts, Pierce believes this year is going to be about Buidl and though he stated that he “rarely make predictions,” he shares by the end of this year, “we will see apps built on the blockchain that will have a million users.”
The post Tron [TRX] did a Great Job of Building Community and Attracting Developers: Bitcoin Foundation Chairman appeared first on Coingape.
Source: CoinGape

Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop


Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop

The BTT airdrop program is set to start on February 11, 2019, and will continue until 2025, with allocations dispersed yearly. It has already received support from Binance, OKEx, Huobi, and other exchanges.

Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop

Continue reading at Coinspeaker
Source: CoinSpeaker

BitTorrent creator: “never been affiliated with Tron or Justin Sun”

Tron [TRX], the ninth largest cryptocurrency in the space, has been making a lot of buzz in the space. This has led to the coin gaining a lot of attention from other communities in the space as well. The main reason it is currently a hot topic of the space is its BitTorrent acquisition.
BitTorrent is considered to be one of the biggest acquisitions in the space as it has always been greeted with high-regard by several influencers in the space as it is the largest file-sharing peer-to-peer platform around the globe and because of its use-cases.
The speculation of Tron acquiring the platform was doing its rounds in the space much before the actual announcement. Additionally, some reports claim that Justin Sun, the Founder and CEO of Tron Foundation, had filed for a temporary restraining order on the platform as the software company had started look for more prospectus bidders. In the end, the Foundation acquired the biggest Torrent platform for over $140 million.
This was soon followed with news that employees had started to take the exit route after the acquisition, wherein five employees were confirmed to have left the firm. This turned out to a major blow for the Foundation as they released a statement clarifying the entire situation, citing that despite some taking the exit gate there were many who joined the bandwagon.
Now, Bram Cohem, creator of BitTorrent, has spoken about the Tron and the Founder on his official social media handle. He said on Twitter:
“I’m no longer in any way affiliated with BitTorrent and have never been affiliated with Tron or Justin Sun”
Along with this, the creator also spoke about the speculation of Sun investing in his current project, Chai Network. Cohem has clarified that neither Sun nor the Foundation have any shares in the project.
Chris Burniske, Partner at Placeholder said on Twitter:
“@Tronfoundation’s$TRX is pumping because it will allow people to claim #BitTorrent-coin ($BTT). Though, per tweets like Bram’s & other whispers, Tron is just shilling BitTorrent’s brand, while talent bleeds & workability of $BTT is an afterthought.”
Recently, the Former Chief Strategy Officer of BitTorrent, Simon Morris was also in the limelight for his statement against the Foundation’s current project and Justin Sun. In an interview with Breaker Magazine, he stated that Tron network will not be able to process BitTorrents’ transactions.
Nonetheless, this was soon brushed off by Sun, wherein he claimed that the team will be opting for on-chain/off-chain transactions and ensure that Tron network will be able to handle the token’s transactions.
The post BitTorrent creator: “never been affiliated with Tron or Justin Sun” appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Bears pressure the bulls out of the scene

Tron has been known to defy the market trend on multiple occasions and it was doing the same at the time of writing. The prices of Tron are up by 4.15% with a market cap of $1.74 billion while the 24-trade volume is at $248 million.
Most of the trade volume for TRX comes from the exchange Upbit, a Korean exchange via the trading pair TRX/KRW.
Source: TradingView
The one-hour chart for Tron shows an uptrend that extends from $0.0215 to $0.0237, while the downtrend extends from $0.0328 to $0.0264. TRX prices have moved away from the support at $0.0212 and towards its imminent resistance point at $0.02678. The subsequent resistance point can be seen at $0.0328.
The Parabolic SAR indicator indicates a bearish move as the markers have spawned above the price candles.
The MACD indicator has finished a quick bearish crossover and seems like it might undergo another crossover, but a bullish one, unlike the recent crossover.
The Awesome Oscillator shows a decreasing momentum as the bars are reducing in size and the bars are transitioning from red to green bars.
Source: TradingView
The one-day chart shows a small uptrend that extends from $0.0132 to $0.0215 while the uptrend extends from $0.0287 to $0.0725. The support at $0.0120 is holding good even in the longer one-day time frame. The resistance line at $0.0268 was breached briefly as the price moved above it and has now come back down again.
The Aroon indicator shows a crashing uptrend that has reached the zero-line, while the downtrend line has failed trying to come back up.
The Chaikin Money Flow shows a crashed CMF line to an oversold zone. The money for TRX is flowing out of the market.
The Relative Strength Index shows a slightly higher buying momentum as the RSI line has crossed above the 50-line.
The SAR, MACD, and AO indicators all indicate a bearish aura hanging over Tron in the one-hour chart. The one-day chart for TRX shows a sideways trend as indicated by Aroon, CMF, and RSI markets.
The post Tron [TRX/USD] Technical Analysis: Bears pressure the bulls out of the scene appeared first on AMBCrypto.
Source: AMB Crypto

Tron Price Analysis: Oracle Partnership Rumor Pumping TRX?

Tron Price, surge 5.2 percent
Oracle—Tron Partnership rumor yet to be confirmed
Transaction volumes low, likely to build up ahead of 4 cents retest

Days after NiTron, TRX is making good progress and is solid above 2.5 cents as traders search for buying opportunities in lower time frames. Add this to a probable partnership with Oracle, the path of least resistance seems to be up.
Tron Price Analysis
News has it that Oracle is the latest software company to “partner” with Tron. As a smart contracting and dApp platform with ambitions of dislodging Ethereum as a go-to platform, this announcement should be making waves. Oracle is one of the world’s leading software company offering diverse services ranging from cloud applications to a multi-model database management system.

Oracle #blockchain team visited #TRON Foundation HQ in SF.Diving deep on #SmartContracts #Tokenization and partnership opportunities. #TRON to the future. #TRX $TRX
— Justin Sun (@justinsuntron) October 20, 2018

Back in 2014, it was the second largest software company by revenue streams after Microsoft.  In a tweet, Justin Sun said a blockchain team from Oracle had visited their San Francisco offices. However, we cannot get ahead of ourselves and confirm that there indeed is a partnership without official confirmations.
Justin confirmed that aside from discussing smart contracting and tokenization, they did touch a topic or two on “partnership opportunities.” At the moment, nothing is official despite Sun’s row of strong claims during the Summit.
Candlestick Arrangements

On the chart, TRX is less than $150 million away from displacing Litecoin as the eighth most valuable coin in the space. It remains a top performer, adding 5.2 percent in the last day and breaking away from the 2.5 cents mark as bulls aim to reverse Jan 10 losses.
At this pace, our TRX trading conditions are live. Both sets of traders can add to their longs at spot prices with fitting liquidation levels at Jan 21 lows of 2.5 cents.
Targets will remain the same, and as long as prices are trending above 2.5 cents, the double bar bull reversal pattern of late Dec 2018 and Jan 13-14 will be valid and indicative of the current trend.
Technical Indicator
Even with this, participation volumes are low—averaging 20 million at the time of press which is low when compared to those of Jan 10—95 million. Regardless, the trend remains bullish, and participants are maintaining this pressure meaning that the retest of 4 cents would be volatile and probably backed with high volume surges.
The post Tron Price Analysis: Oracle Partnership Rumor Pumping TRX? appeared first on NewsBTC.
Source: New

Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users


Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users

In this exclusive interview, TRON founder Justin Sun explains what value the project proposes to its users, unveils how it stands out from other initiatives and shares TRON’s future plans.

Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance Crypto and Blockchain Event in Singapore a Resounding Success

The final presentations of the Binance Blockchain Week in Singapore have concluded today marking the end of the four day event which has attracted thousands of attendees.
Two Day Conference Follows Two Day Hackathon
The event has been a resounding success with many of the biggest names in the industry taking the stage to promote the crypto ecosystem and a blockchain future. The world’s largest exchange by trade volume identified the need for a unifying conference in a market with a ‘large degree of turmoil’ at the moment. The goals of re-energizing and uniting efforts as uncertainty plagues the industry have been at the forefront of proceedings in Singapore.
The first two days held a hackathon based on the Binance ‘buidl’ ethos of working together to improve overall crypto security and foster a safer trading environment for the public. Using the Secure Asset Funds for Users (SAFU) acronym, teams from around the globe entered into friendly competition to enhance innovation in the industry.
Some of the innovative concepts from teams included deep graph analytics, avalanche consensus on a custom ledger, an e-commerce platform for a database of user reputation, and a crypto scoring platform. The winning team, Merkle Blox, proposed a smart contract based insurance to victims of hackers, ponzi schemes, or phishing scams. A prize of $50,000 in BNB was awarded.

A massive congratulations to the three winning teams of the #Binance #SAFU Hackathon who shared a prize of $100,000 USD worth of $BNB! Teams Perlin, Crypto Lynx & the overall winners Merkle Blox we salute you! #BUIDL #BinanceBlockchainWeek
— Binance (@binance) January 21, 2019

The last two days have held the Binance Conference during which over 50 of the biggest names in the industry took to the stage to present their visions for the future of crypto. Yesterday held presentations from several CEOs and industry leaders on a range of topics including decentralized exchanges, dApp adoption and scaling, security token offerings, proof of work, and regulatory frameworks.
Today’s presentations included Da Hongfei, NEO founder, talking about the smart economy, followed by a discussion on crypto news and quality information. Justin Sun took the stage for his keynote on a new world of dApps on the blockchain with a good deal of promo for the new BitTorrent and Tron ecosystem and upcoming airdrops for TRX holders.

TRON founder @justinsuntron is giving a speech about the progress that #TRON has made and the related information about #BTT at Binance #BlockChainWeek in Singapore.
— TRON Foundation (@Tronfoundation) January 22, 2019

Others taking the stage over the two day conference included CEO of eToro Yoni Assia, Anthony Pompliano, and of course CZ himself. Representatives from the Ethereum Foundation, Ripple, R3, Qtum, OmiseGO, Ontology, ConsenSys, KyberNetwork, Etherscan, Goldman Sachs, and Circle all added to the mix.
The message from the Singapore event has been very clear; crypto is here to stay and building a brighter future for the ecosystem is far more productive than simply focusing on markets and prices.
Image from Twitter
The post Binance Crypto and Blockchain Event in Singapore a Resounding Success appeared first on NewsBTC.
Source: New

Crypto Market Wrap: Tron Outperforms Top 50 With 10% Gain

Market Wrap
Crypto markets are flat once again, Tron is on a flyer while Bitcoin goes deeper into bear territory.
There has been no sign of any upwards movement on crypto markets which have remained bearish below $120 billion. The only good news is that there has not been another major dump (yet) and things have remained stable over the past 24 hours.
Bitcoin has not broken above $3,600 over the past day but has stayed steady at $3,580 for most of it. A few hours ago BTC started to move south again with a drop to $3,560 and things are looking grim as daily volume drops below $5 billion.
Ethereum has not moved since this time yesterday and is still stuck at $117 in bearish territory. XRP however has fallen back a percent or so reducing the market cap gap back to $750 million. Both crypto assets are consolidating below previous levels of support though so could fall further.

Only one altcoin in the top ten is pumping at the moment and that is Tron. Yesterday’s news of the massive BitTorrent token airdrop has likely to have driven fomo hungry traders back to TRX as it posts a 9.5% climb on the day. TRX has reached $0.026 (730 satoshis) with trade volume doubling overnight, it has outperformed the top 50 and is closing up on Litecoin in eighth which has not moved on the day. The rest of the top ten is also motionless at the time of writing.
There are a couple of glimmers of green in the top twenty, namely Monero and Nem making very minor gains. The rest are flat or falling back a little with Iota leading the drop at 1.6% down.
The very erratic Buggyra Coin is getting pumped again as today’s fomo champion of the top one hundred with an 80% spike. Factom has also made a 20% jump on the day but only these two are gaining double figures. Following its pump over the past 48 hours TenX is falling back again now dropping 10% making it the day’s worst performing altcoins at the time of writing.
Total market capitalization has not moved much over the past 24 hours and is still around $119 billion. Daily trade volume however has fallen back to $14 billion as things ice over again in crypto land. Over the past seven days markets have contracted by 4%, a similar loss can be measured on the monthly chart.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Tron Outperforms Top 50 With 10% Gain appeared first on NewsBTC.
Source: New

Tron Expands Its Partner Network Listing Oracle, Aurora, Steemit and Others


Tron Expands Its Partner Network Listing Oracle, Aurora, Steemit and Others

It seems that last year’s rumors were true and that ORACLE, a cooperation offering a comprehensive and fully integrated stack of cloud applications and platform services, has partnered with Tron (TRX) Foundation.

Tron Expands Its Partner Network Listing Oracle, Aurora, Steemit and Others

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron [TRX] spikes by 9% over the day; only green coin on top-10 list

The ninth-largest cryptocurrency, Tron [TRX], saw a sudden hike on January 21. While all other major cryptocurrencies have fallen prey to the bear, Tron is currently showing a bullish trend. The coin is not suffering as bad as the other coins on the list, mainly because of all the projects and developments announced by the Tron Foundation, to keep the market sentiment in favor of the coin.
Source: CoinMarketCap
At the time of press, the coin saw a growth of 9.69% over the past hour, with a market cap of $1.7 billion. The coin registered a maximum trading volume of $291 million, with a dip of 0.45% in the past hour. TRX is the only coin in the top-10 cryptocurrencies list of CoinMarketCap that, at the time of press, registered a growth of over 2% in the past seven days.
The ninth-largest coin was highly traded on BitForex, with a trading volume of $40.8 million with the TRX/USDT pair. BitForex was followed by UPbit, as it recorded a volume of $35 million with the TRX/KRW pair. The third place was taken by Binance. The exchange recorded a volume of $27 million with the TRX/BTC pair.
Tron’s major development, at present, is BitTorrent, which was announced in 2018, in order to create the largest decentralized ecosystem. The Foundation recently announced the launch of BitTorrent [BTT] token. The founder and Chief Executive Officer [CEO] of Tron foundation, Justin Sun, has been very open to inform the community about every single step taken by the Foundation. The BitTorrent Foundation also joined the wagon and revealed more details about the BitTorrent airdrops for Tron holders:
“On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The snapshot will be taken when TRON’s block height reaches 6.6 million*. Based on this snapshot, BitTorrent Foundation will initiate its first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of total circulating supply.”
The Foundation made a claim that over the course of the year, 11,880,000,000 BTT will be offered to TRX holders. The Foundation also noted that following the airdrop 12,870,000,000 BTT will be deposited via airdrop in 2020. BitTorrent also added:
“If you are holding TRX, you will be eligible for BTT airdrops. All official wallets relaying on TRON’s network and carrying TRX will be eligible for BTT airdrops corresponding to the amount they are holding. No minimum of TRX is required to qualify for BTT airdrops.”
The post Tron [TRX] spikes by 9% over the day; only green coin on top-10 list appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Technical Analysis: Coin rides the pastures with the bull

All major cryptocurrencies on the CoinMarketCap list, have been suffering from the bear’s attack for the last few days. The coins, at the time of press, are trying to recover, but with the current growth, it looks like a slow recovery, similar is the case of Tron [TRX]. The ninth-largest cryptocurrency has been putting a strong fight with the bear and has been wounded a bunch of times.
At the time of press, the cryptocurrency was valued at $0.0240, with a market cap of $1.6 billion. The coin registered a 24-hour trade volume of $148 million, with a fall of 1.68% over the past day. The coin has recovered by 1.02% over the past hour and by o.74% over the past week.
Source: Trading View
The one-hour chart of the coin indicates a massive rise in the price of the coin from $0.0215 to $0.0235. However, the coin also saw a downtrend from $0.0251 to $0.0242. The coin registered resistance at $0.0250 with support marked at $0.0235.
Awesome Oscillator points towards a weakening bullish market.
Bollinger Bands appear to be diverging after a narrow convergence, increasing the volatility in the market. The moving average line is under the candlesticks, a marking a bullish market.
Chaikin Money Flow also indicates a bullish market, with the marker above zero.
Source: Trading view
The one-day chart of the coin tells a different story. The coin reported a massive downtrend from $0.0338 to $0.0213. The coin also registered a recent uptrend from $0.0132 to $0.0215, which extends further to $0.0237. The resistance was marked at $0.0287 with support noted at $0.0237.
Parabolic SAR indicates a bearish market, as the markers have aligned themselves above the candlesticks.
MACD line is under the signal line, pointing towards a bearish trend.
Relative Strength Index indicates that the buying and the selling pressures are evening each other out.
As per the indicators, Awesome Oscillator, Bollinger Bands, and Chaikin Money Flow are predicting a bullish market. However, the indicators, Parabolic SAR, and MACD forecast a bearish run. Goin by the majority, a bullish trend could be nearing.
The post Tron [TRX] Technical Analysis: Coin rides the pastures with the bull appeared first on AMBCrypto.
Source: AMB Crypto

TRON Records 2x Increase in Price Since November, What Caused it?

Tron has become an exception in a long-running bear market of cryptocurrencies.
The decentralized blockchain protocol experienced a twofold surge in the value of its native token TRX. Between November 20, 2018, and January 18, 2018, the TRX/USD pair rose from 0.0132 to 0.0249, according to In the same timeframe, the Bitcoin price dropped 18.37%, from $4474.58 to $3,652.50 while TRX’s closest competitors Ether and EOS experienced 18.39% and 33.42% worth of losses in US Dollars, respectively.
The surge assisted TRX to maintain its position among the top ten cryptocurrencies. Tron’s total market capitalization at press time touched $1.67 billion, as confirmed by’s aggregated data.
What Made Tron’s TRX Rise
Earlier this month, Tron’s founder and CEO Justin Sun announced that they would soon launch BitTorrent Token (BTT).
Sun revealed that BTT would “create a token-based economy around the usage of networking, bandwidth, and storage” in BitTorrent’s file-sharing system. The 28-year old entrepreneur also said that with BTT, BitTorrent’s 50 million global users would automatically adopt blockchain. He also confirmed that TRX holders would receive some stakes in BTT, a reason why Tron’s token’s demand increased dramatically.

250$ BTT Giveaway for 100 Members
– Follow Us– Retweet – Comment BTT
Winners will be chosen randomly in 10 days
Good luck everyone!$ETH $TRX $BTT $BNB
— BitTorrent (@BitTorrents) January 18, 2019

What also helped Tron was a flawlessly handled marketing. Sun made a lot of noise when they acquired BitTorrent for $60 million. He kept appearing across public boards via interviews and Twitter to build a solid marketing campaign. And every word Sun wrote or said during these three months projected Tron as the world’s biggest cryptocurrency project.

This is BIG, an ICO for @BitTorrent with 100M users and nice concept for token economics – lead by @Tronfoundation who bought @BitTorrent and partnering with @binance . I promised myself I wont invest in any ICOs for a while, but its interesting… smart move from $TRX… #myidea
— Yoni Assia (@yoniassia) January 17, 2019

For instance, Sun claimed that Tron could confirm transactions faster than Ethereum and EOS. He announced a $100 million fund for developers who run their decentralized apps on Tron’s network. He even went ahead to call a Chinese internet giant Baidu its partner while, in reality, Tron was only a customer to Baidu’s cloud computing services.
Nevertheless, every announcement made by Sun met with positive response from traders. TRX price rose as much as marketing maintained the token’s hype.
Simon Morris, who was an executive at BitTorrent for ten years, confirmed that Tron could not handle the number of transactions they needed to tokenize BitTorrent. He clarified that his team had started building the blockchain project before Tron acquired it.
“It seems they’re going in the same direction [as our plan],” Morris told Breaker. “But what’s very clear is that they are going to say they are going in the same direction, come what may, because that’s what Tron does; it’s [basically] a marketing machine layered on a very thin veneer of technology.”
Ryan Selkis, chief executive officer at researcher Messari Inc., told Bloomberg:
“A lot of people wrote off Tron as all hype/marketing and no substance, but they made a lot of noise with the BitTorrent acquisition, and now I think it’s an open question of whether they will be one of crypto’s most high profile ‘fake it til you make it’ success stories.”
The post TRON Records 2x Increase in Price Since November, What Caused it? appeared first on NewsBTC.
Source: New

TRON Entertain AI Project in DApp, Collaborates with DACC Content Blockchain platform

With new partnership announcement, TRON, the hottest cryptocurrency is on bulletin again. The latest tweet from DACC platform (a content-based blockchain) revealed the partnership between DACC and TRON in DApp Ecosystem to launch new AI project onto TRON’s dAPP ecosystem.
TRON With DACC – Encouraging AI dAPP
Justin Sun’s TRON or TRX which stands as the ninth largest cryptocurrency with an average market cap $1,597,888,795 is breaking the new records quite often. In a partnership announcement, DACC blockchain platform calls TRON protocol as the ‘largest blockchain-based operating system in the world’.

Cheer the cooperation between #DACC and #TRON in DApp Ecosystem! DACC has successfully launched its artificial intelligence project “HashAI” onto #TRON. Tron protocol is one of the largest blockchain-based operating system in the world! @Sky201805 @Tronfoundation @justinsuntron
— DACC (@DACCblockchain) January 21, 2019

The partnership intends to launch DACC’s AI project called ‘HashAI’ onto TRON’s dApp Ecosystem. The DACC’s co-working with TRON Foundation seems a big hit for the platform. Sky, the founder of the DACC Foundation states that HashAI will be the first dAPP to work with TRON in 2019.

Thanks for @justinsuntron & @Tronfoundation. HashAI will be the first dapp co-worked with Tron in 2019. Also we will announce this in our Korean meetup. DACC and Tron will announce more dapps cooperation in the near future.
— Sky (@Sky201805) January 21, 2019

TRX payment through artificial intelligence
HashAI is a dApp developed by DACC based on Artificial intelligence. It helps users in two ways; as money transfer and the smart contract calls in blockchain via voice queries. The firm believes ‘TRX has been receiving a lot more attention from the chain industries and cafes’ as such they expect to add TRX as a payment mode for transactions. DACC’s official blog notes that ‘HashAI is an attempt to enhance TRX payment via artificial intelligence’. The blog further reads;
At the same time, DACC will also help promote “HashAI” by tapping into its own global community that has 1,000,000+ members, as well as through 499 Block, DACC’s subordinate community media.

You can find HashAI in TRON’s official dAPP library here –
Beside TRON, the HashAI is also connected to Slack, Google Assistant and Google Home. DACC’s founder, Sky sees ‘a long term development on working with TRON platform. He says that ‘TRON is leading the innovation’,henceforth the growth of HashAI by DACC is absolute with this collaboration. Although, Justin Sun didn’t have a word on the social network on this  partnership, but the DACC’s  official blog added Justin Sun’s view on the partnership as follows;
Now that TRON and DACC have reached a consensus, I believe that the launch of the AI project “HashAI” is indeed an action that conforms to the times. Also, TRON has always been aware of DACC’s efforts and contributions in the application development and the global community development. I hope that both parties can jointly develop “HashAI” in order to better serve the community members.”
What do you think about DACC’s partnership with TRON? Let us know.
The post TRON Entertain AI Project in DApp, Collaborates with DACC Content Blockchain platform appeared first on Coingape.
Source: CoinGape