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.
1-hour
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.
1-day
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.
Conclusion
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
Fundamentals
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.
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Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop

CoinSpeaker

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

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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.
1-hour
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.
1-day
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.
Conclusion
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
Fundamentals
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 https://t.co/Hq3Y4IETlW
— 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.
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Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users

CoinSpeaker

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

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Source: CoinSpeaker

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

CoinSpeaker

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

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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.
1-hour
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.
1-day
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.
Conclusion
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

Justin Sun Further Lures Crypto Community Making Some Bold Claims at niTron Summit

CoinSpeaker

Justin Sun Further Lures Crypto Community Making Some Bold Claims at niTron Summit

NiTron Summit is over. But the community has a lot of things to discuss, for example, Tron’s plans to put EOS behind.

Justin Sun Further Lures Crypto Community Making Some Bold Claims at niTron Summit

Continue reading at Coinspeaker
Source: CoinSpeaker

BitTorrent Announces BTT Airdrops for Tron TRX Holders

The BitTorrent token sale is one of the largest and most talked about ICOs of the year. In an effort to boost sales for the new token and the price of Tron, the company has announced a series of airdrops.
Incoming BTT for Tron Hodlers
Starting on February 11 this year and ongoing until 2025 BitTorrent will be distributing BTT tokens to holders of Tron’s TRX. The initial snapshot will be taken when the block height reaches 6.6 million, a counter can be viewed on tronscan.org.
The announcement states that based upon this snapshot the BitTorrent Foundation will initiate the first airdrop of 10,890,000,000 BTT, which corresponds to 1.1% of total circulating supply. Over the following 12 months a further 11.88 billion BTT will be issued to TRX holders increase the fraction of the total to 1.2%. The percentage airdropped will increase by 0.1% per year until it reaches 1.7% in 2025 whereby the figure will be 1.4 billion tokens per month. The medium added;
“To reward TRON’s long-time TRX holders, the BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT, during online and offline events, corresponding to 10.1% of the total circulating supply.”
Tokens will be issued on a one to one ratio meaning one TRX gets one BTT and there is no minimum TRX to be held. There has yet to be any confirmation on what exchanges will be supporting the initiative but it is likely all the major ones will. Justin Sun took to twitter to warn users about scams “Be careful with scams. Official airdrops will be announced on our social channels, website, and blog.”
niTROn Summit a Success
Tron has just concluded its first summit during which the BitTorrent token sale was detailed heavily. Former pro basketball start Kobe Bryant was one of the leading figures at the event which the team are touting as a huge success;

#niTROn2019 successfully ended. Thanks for the participation and support from all #TRONICS, #TRON to the future. #TRX $TRX pic.twitter.com/YvIWA38E0P
— TRON Foundation (@Tronfoundation) January 19, 2019

A few bold predictions have come via observers and supporters of Tron including TRX surpassing EOS and becoming the fourth largest cryptocurrency in 2019. It is currently in ninth place with a market cap just below $1.6 billion. The gap between TRX and EOS in fifth is only $500 million so at this stage it is entirely possible.
At the time of writing TRX was trading down 3.5% on the day and pretty flat over the past week despite good fundamentals. Airdrops are usually a good way to boost prices and free BTT make give Tron the momentum to climb that chart and target fifth spot.
Image from Shutterstock
 
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Source: New feedNewsBTC.com

Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

The total crypto market cap made a sharp U-turn and declined below the $115.00 support.
EOS price is down around 5% and it broke the $2.45 and $2.40 support levels.
Bitcoin cash price is under pressure and it recently broke the $125 support level.
Tron (TRX) price failed to stay above the $0.0250 support and it could revisit $0.0220.
Cardano (ADA) price declined more than 6% below the $0.0450 support level.

Bitcoin and the whole crypto market fell sharply in the past few hours. BTC, Ethereum, ripple, EOS, BCH, ADA and altcoins are currently under a lot of selling pressure.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to stay above the $130 support level and recently started a sharp decline against the US Dollar. BCH/USD declined below the $126 and $125 support levels to move into a bearish zone. The price is down around 5.5% and it may continue to move lower towards the $120 or $118 support levels.
If there is an upside correction, the previous supports near the $125 and $126 levels may now act as barriers for buyers in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is down around 5% after it failed to gain pace above the $2.65 resistance. The price declined below the $2.50 and $2.40 support levels. The next key support is at $2.30 where buyers are likely to emerge.
Tron price trimmed most of its recent gains and declined below the $0.0260 and $0.0250 support levels. TRX price is down 3.5% and it seems like it may continue to decline towards the $0.0220 support.
Cardano price fell more than 6% after it broke the $0.0460 support. ADA price is now trading near the $0.0430 level, with an immediate support at $0.0420. The next major support is at $0.0412, followed by $0.0405.

Looking at the total cryptocurrency market cap hourly chart, there was a sharp downside reaction from well above the $122.00B level. The market cap dipped sharply below the $120.00B support and a major bullish trend line on the same chart. It opened the doors for more losses and the market cap reached the $112.00B support level. There may be a short term correction, but upsides in BTC, ETH, tron, litecoin, EOS, ripple, XLM, IOTA and other altcoins remain capped.
The post Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Tron is expected to launch BitTorrent livestreaming feature in 2019, says Foundation

Tron [TRX], the ninth largest cryptocurrency by market cap, continues to strive forward in the market. The Foundation has made another announcement pertaining to their next big plan for BitTorrent, one of the biggest Torrent platform around the globe with over 100 million monthly users.
The announcement regarding their next steps was made during the niTron summit 2019, the very first conference hosted by Tron. Justin Sun, the CEO and Founder of Tron Foundation, stated that BitTorrent could launch a livestreaming feature. This could be one of the biggest agenda of the team as this launch would mean going against the biggest tech firms in the world like Facebook, Youtube and Twitch.
Tron Foundation said:
“If everything goes as planned with #BTT, #TRON is expected to launch BT’s livestreaming feature in 2019.”
Moreover, during the summit, Justin Knoll, project lead of Project Atlas, spoke about the BitTorrent protocol. He stated that the BitTorrent token [BTT] complements the BitTorrent incentive mechanism and that BitTorrent’s speed would enhance the BitTorrent protocol by changing the operational principles of the clients.
He further revealed that Tron will be playing a key role, connecting BitTorrent protocol and its users, who will be able to download much faster. Knoll also stated that the incentive mechanism would encourage users to seed more on the network. Justin Sun also unveiled BitTorrent speed, a blockchain based application, during the summit.
J Walker, a Twitterati said:
“Only live streaming app that you can reach large groups with are social media apps. If you can make this with business class moderator features this would be huge. WebEx/ BlueJeans can only do 15,000 live views thats why you have to use periscope. leveraging the P2P network with compute also helps with POPS. The media server would be closer to connect for the most part on such a large network.”
Zander Perk, a Redditor said:
“This will be an interesting way for artists to get paid. Wonder if it will catch on. If it’s a solid UI that loads quickly and operates as effortlessly as YT, they could have a solid amount of users.”
The post Tron is expected to launch BitTorrent livestreaming feature in 2019, says Foundation appeared first on AMBCrypto.
Source: AMB Crypto