EOS, Tron [TRX] cumulatively contribute 82% of all cryptocurrency transactions

Despite a bearish and sideways market, cryptocurrency transactions seem to be on the verge of reaching the previous all-time high. As per the data obtained from Blockchain center, the total on-chain transactions for all cryptocurrencies exceeded 522.119 million and the total number of active users for these transactions add up to 1.357 million.
Source: Blockchain Center
EOS has the most number of transactions as compared to any other cryptocurrencies, even exceeding that of Ethereum [ETH] and Tron [TRX]. The total transactions of EOS as of today is approximately 350.30 million. These transactions are coming from a total of 41,457 active addresses.
The transactions on EOS network peaked at 468.08 million in the second week of August 2018 and has since declined to 350 million. When compared to the big picture, EOS’ transactions are coming from a mere ~3% of the total active users.
Source: Blockchain Center
Tron follows EOS and has ~78.543 million transactions, which is the highest number of on-chain transactions that Tron blockchain has ever witnessed. As compared to EOS, the total number of active addresses for Tron are almost halved, i.e, 21,211.
Source: Blockchain Center
 
Bitcoin’s total transactions in the year 2018 peaked at 24.25 million in the second week of January 2018 and are currently hovering at 17.08 million, but Bitcoin’s total active addresses far exceed that of EOS’ or Tron’s, coming up to 681,779.
Source: Blockchain Center
Ethereum has a total of 33.27 million transactions as of November 11, which is contributed by a total of 247,671 active addresses. Ethereum’s on-chain transactions peaked at 71.48 million in the second week of January 2018 and have since declined.
Source: Blockchain Center
XRP’s transactions have come down to 17.99 million transactions, which are one-quarter of XRP’s peak number of transactions i.e., 72.05 million. The total active addresses as of today add up to 6,924.
Source: Blockchain Center
In conclusion, Tron and EOS together have about 4.5% of the total number of active addresses, while still contributing 82% of all the cryptocurrency transactions.
Bitcoin and Ethereum together contribute a mere ~9.5% of the total transactions but have a cumulative active address contribution of ~68%. EOS contributes up to 67% of the total number of transactions on the blockchain while Tron contributes to 15% of the total transactions. To sum it all up, EOS and TRX control 82% of all the transactions which come from only 4.5% active addresses.
A Reddit user tsMQ commented:
“If only 3% of active addresses is making that many transactions imagine when we hit 10% maybe 15% we will be blowing them out of the water for transactions per 24 hours and usage per user which is what we want, users using their coins/resources not just bag holding and watching the price drop.”
The post EOS, Tron [TRX] cumulatively contribute 82% of all cryptocurrency transactions appeared first on AMBCrypto.
Source: AMB Crypto

Tron Surpasses Ethereum for dApp Transaction Volume, Launches Program for Developers

Ethereum has had a tough week. Not only has it been pushed down the market cap charts by XRP, now Tron has surpassed it in terms of network decentralized application volume.
dApp Volume on Tron Higher Than Ethereum
According to analytics website dapp.review the Tron Network is now above Ethereum in dApp transaction volume:

No.1 DApp on ETHIDEX – 2430 ETH txn volume in last 24 hours
While on #TRON@TRONbet has over 422 MILLION #TRX txn volume
DappReview is the first DApp platform supporting #TRON DApps. Check and play TRON Dapps at https://t.co/wfUfRx2xoq@justinsuntron @Tronfoundation pic.twitter.com/IDedGpiMc3
— DappReview (@dapp_review) November 17, 2018

TRONbet is the platform’s leading dApp at the moment with a 24 hour transaction count of over 543,000 equating to a volume of 181 million TRX. TRONdice has over 18,000 daily transactions with a volume around 744 million TRX at the time of writing. These are the only real two dApps driving traffic though, the rest are pretty inactive. Comparatively Ethereum’s top dApp, IDEX, has only 7,400 daily transactions with a volume of just over 2,090 ETH.
Accelerator Program for Developers Launched
To keep this network momentum up and encourage further growth Tron has launched an accelerator program for dApp developers. The million dollar initiative is ‘aiming to empower developers and foster innovation within the blockchain industry,’ according to the official website.
The site goes on to explain that the accelerator program is effectively an online competition which will be;
“rewarding up to 56 winning DApp projects across multiple categories. Unlike some of the previous programming contests that rewarded multiple developers, TRON Accelerator does not features loan or equity model. Winning teams and developers will keep ownership of their products after they get rewarded.”
Registration and submissions will be accepted up until the end of the year with the winners announced in January. Tron is also hosting its first international summit in San Francisco in January called niTROn. Running on the 17th to 18th the event will be hosting a wide selection of speaker panels, technical workshops, and networking events, though no specifics have been posted on the website yet.
The Tron Network has been aggressively expanding despite the bear market this year. Following its acquisition of peer-to-peer network, Bittorrent, Tron went on to acquire payment app, Poppy. Last month discussions with Chinese internet giant Baidu resulted in collaboration on cloud computing services between the two.
TRX did not escape the crypto rout last week however, falling 18% over the past seven days. Market cap has declined to $1.2 billion but it has managed to hold on to eleventh spot on the crypto charts. At the time of writing TRX was trading down 6% on the day to just below $0.018.
 
Image from Shutterstock
The post Tron Surpasses Ethereum for dApp Transaction Volume, Launches Program for Developers appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bear attack: Bitcoin Cash [BCH], Tron [TRX], Litecoin [LTC] biggest losers, Bitcoin [BTC], XRP and XLM most resilient

The market has been seeing a generally bearish downturn as the date of its historical bull run draws closer. Even as the space continues to see interesting developments in terms of custody solutions, market maturation and the entry of institutional developments, the market continues to not shake off the strong grip of the bear’s hold.
Even this week, the market is experiencing a general downward trend, generally owing to the lack of market momentum seen in the Bitcoin [BTC] market in particular.
#1 Bitcoin Cash [BCH]:
Bitcoin Cash has undoubtedly been the star of the media’s eye, as its upcoming hard fork has everyone in the crypto-space looking. However, as a consequence of its astronomic rise last week, the coin is now experiencing a retracement of 15.6% in the red zone, making BCH the biggest loser in this week’s bearish experience.
It is currently experiencing a loss of 2.6% over the past day with a trading price of $524 and a market cap just under 1/10th of Bitcoin at $9.1 billion.
#2 Tron [TRX]:
Tron [TRX] is the second biggest loser this week with a loss percentage of 9.99% over the timeframe, with a 2.6% loss continuing into the 24-hour zone. The coin is trading at $0.02 with a market cap of $1.4 billion, putting its position on CoinMarketCap right below that of USD Tether.
#3 Litecoin [LTC]:
Litecoin is the 3rd largest loser this week with a 9.4% loss over the past 7 days culminating in its loss today of 1.1%. This puts it at a price of $50.2 with a market cap of $2.9 billion.
#4 Cardano [ADA]:
Cardano is also experiencing a heavy loss of 8.4% over the week and 3% over the past 24 hours, reducing its price to a low of $0.07. This puts its market cap at $1.8 billion and makes it the 4th biggest loser in the bearish race downwards.
#5 EOS:
EOS is close behind, as the coin has only recently lost its position and is now at #6 by market cap. It is trailing XLM’s market cap by $100 million, with a market cap of $4.7 billion and a price of $5.2. It is undergoing a loss of 8.3% over the week, with a loss of 2.4% over the past 24 hours. This puts it at the position of being the 5th largest loser over the week.
#6 Monero [XMR]:
Monero is another coin that seems to be resilient to the bear’s attacks, with its loss coming in the middle of the pack at 6.5% over the week. However, it has undergone only a 0.5% loss over the past 24 hours, putting its price at $104 with a market cap close behind Cardano’s at $1.7 billion.
#7 Ethereum [ETH]:
The second largest cryptocurrency, Ethereum, has begun experiencing a general downward spiral to see a bounce off the $200 mark yet again. It is currently undergoing a loss of 5.2% over the past week, with a 1.2% loss over the past 24 hours at a price of $206 and a market cap only $900 million past its closest competitor at $21.3 billion.
#8 XRP:
XRP seems to be building up positive sentiment, as seen by the variety of good news for the HODLers of the coin. However, the price is not reflecting the same, as it has observed a 1.4% slide over the day, adding to its weekly loss of 4.4%. This marks its place as the 3rd lowest loser over the time period, with its current price of $0.50 and a market cap of $20.4 billion.
#9 Bitcoin [BTC]:
The #1 cryptocurrency has not presented any of its characteristic knife drops or shooting star-esque growth over the past 2 months, leading many to believe that traders are slowly leaving the market for greener pastures.
The coin is down by 2.75% over the past week, with a slow decline of 0.38% over the past 24 hours. It is currently resting at a price of $6531, with an undisputed market cap of $110.3 billion. It is hence the second lowest loser over the past week.
#10 Stellar Lumens [XLM]:
Stellar Lumens has been the coin with the most armor against the bear’s attacks, it seems, leading to a loss of only 2.3% over the past week, making it the lowest loser. However, the coin is undergoing a loss of 5.2% over the past day and is now at a trading price of $0.25 and a market cap of $4.8 billion.
The crypto-market might be set for another recovery rally. However, all the market seems to want is the volatile market movement seen by the coins before this period of extended non-volatility.
The post Bear attack: Bitcoin Cash [BCH], Tron [TRX], Litecoin [LTC] biggest losers, Bitcoin [BTC], XRP and XLM most resilient appeared first on AMBCrypto.
Source: AMB Crypto

4350 TRX Up for Grabs on Price Prediction while TRON Gaining Traction on Exchanges and Social Media

The cryptocurrency price index Coinraking is giving away 4350 TRX on correct Tron price prediction for November 16. Meanwhile, Tron is getting traction on Twitter, gains a new listing on Bloackport, and Bitexbook is ready to become the first exchange for free listing Tron-based tokens.
Predict Tron Price & Win 4350 TRX
Coinranking, a digital assets price index is giving out 4350 TRX for guessing the correct Tron price on November 16, Friday. This price prediction event closes on November 14 at 23:59 UTC. The price will be ascertained as per the Coinranking database.
If you want to apply for this contest, comment your price prediction in USD and retweet Coinranking’a tweet. Only one answer each person is acceptable where the first right answer will be the correct answer.
The Tweet mentioned above is:

Predict and win 4350 $TRX 🔮 Sponsored by @Indacoin 💰https://t.co/gSKat8k7WC… #CRpredicts #tron #trx @Tronfoundation #week53 pic.twitter.com/3Tg3RoINB7
— Coinranking (@coinranking) November 9, 2018

A Continuous Stream of Exchange Listings
Yet another exchange has been added to Tron’s long list of exchanges. Amsterdam-based social cryptocurrency exchange, Blockport now allows its users to buy and sell TRX directly with Euro on its platform as Tweeted,

We’re excited to announce the listing of @Tronfoundation on our trading platform!
Blockport users can now buy and sell Tron’s token, $TRX, directly through our Euro gateway.
Learn more about #TRON and its listing here:https://t.co/V20wzFKgJX#BPT #tronfoundation #TRX
— Blockport Official (@blockportio) November 8, 2018

Tron is the tenth cryptocurrency added to the exchange. In its official announcement, Brockport shares, “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.”
Moreover, after listing Tron recently, Bitexbook will be listing Tron-based token for free on its platform. In its official announcement, the exchange says, “Team of the BITEXBOOK exchange, with the help and support of TRON discussed the potential future prospect of blockchain development around the world, as well as in the Asian region, and established joint strategic plan to further develop collaboration.”
It further explains,
“We are ready to be the FIRST exchange platform to provide with a FREE listing for the tokens with trading pairs to BTC and TRX, and potentially direct pairs to fiat currencies such as USD and RUB. This step will allow these tokens to bring their projects to a new level and gain access to investors who working mainly with standard fiat and crypto pairs (USD, RUB, BTC, ETH, etc.). Our exchange provides the ability to make deposits and withdrawals using Visa, Mastercard, MIR payment cards, as well as electronic money systems such as Webmoney, Ya.Money, Qiwi, etc.”

#BITEXBOOK and #TRON have established cooperation!
FREE LISTING of tokens based on the blockchain #TRON.
We are ready to be the FIRST exchange platform to provide with a FREE listing for the tokens with trading pairs to BTC and #TRX, and potentially… https://t.co/AJXPX28WoW pic.twitter.com/a1zHXddbRv
— BITEXBOOK (@bitexbook) November 12, 2018

Another interesting facet is Tron’s rising popularity on Twitter as shared by a crypto enthusiast on Twitter,

Don’t miss the #TRON train. The most talked about crypto on twitter, it’s only a matter of time! #cryptocurrency #CryptoNews #TRX pic.twitter.com/CyYl58NB85
— Crypto Sarah Ⓥ (@crypto_sarah9) November 10, 2018

At the time of writing, TRX has been trading at $0.0023 while being in the red by 0.49 percent while having a market cap of $1.47 billion.
The post 4350 TRX Up for Grabs on Price Prediction while TRON Gaining Traction on Exchanges and Social Media 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 breaks Ethereum’s record of Most Number of Transactions recorded in 24 hours

Tron has been one of the best coins of the year as far as actual development and adoption is concerned. It’s not just the coin but vision of Justin Sun has also played an important role in the coins progress.  While the year is about the end, but Tron’s progress doesn’t seem to be stopping as now Tron has defeated Ethereum for the highest number of transactions in 24 hrs on Nov 9, 2018.
Tron taking Ethereum head on the race to the top
Tron has been scaling great heights this year especially after it moved on to its MainNet. The coin has also been challenging and in fact defeating Ethereum on various grounds. In another latest victory for Tron, Tron has broken Ethereum’s record for the highest number of transactions on Nov. 9, 2018. Till now, the highest number of 24h transactions of ETH recorded was 1,349,890, on Jan 4, 2018, while that of TRX was 1,367,488, on Nov 9, 2018.
The news was noticed when Misha Lederman, co-founder of IAmDecentralized.org, posted on his twitter giving out the statistics. His tweet read

It’s Official ✍🏽#TRON has broken #Ethereum‘s record for highest number of transactions on Nov 9, 2018
#ETH highest transaction volume recorded on Jan 4, 2018: 1,349,890 Txs 👇🏽#TRX highest transaction volume recorded on Nov 9, 2018: 1,367,488 Txs 💥#IAmDecentralized🖖🏽$TRX pic.twitter.com/qQaLwNf4YW
— Misha Lederman (@mishalederman) November 9, 2018

 
Tron has been scaling new heights as the team along with is a visionary leader, Justin Sun have been tirelessly working to win the spot that Ethereum has been holding for quite some time in the world of cryptocurrencies.
The news was also shared on Twitter by Justin Sun when he replied to Lederman saying that he doesn’t think Ethereum transaction volume will be able to catch up to Tron’s transaction volumes again

Don’t think #Ethereum transaction volume will ever catch up to #TRON‘s again. 😳@VitalikButerin #TRX $TRX #ETH https://t.co/P5ha4UX6fi
— Justin Sun (@justinsuntron) November 10, 2018

Just a few days back Tron has exceeded 1 million daily transactions while growing its total number of accounts and online nodes. The 11th largest cryptocurrency was seen on its way to surpass the combined daily transaction volume of top three cryptos i.e. Bitcoin (BTC), Ethereum (ETH), and XRP. Misha Lederman had, then as well, tweeted saying Tron had set a new record with 996,041 daily transactions on Nov 3
In October, the world’s 11th largest cryptocurrency (Tron TRX) had surpassed 2nd largest cryptocurrency Ethereum (ETH) in daily transactions as transactions on Tron network had reached nearly 600k. This was the first time Tron (TRX) has surpassed Ethereum (ETH) in daily transactions.
Not just daily transactions, Tron has been gaining meteoric heights in terms of a total number of accounts and block heights. In August Justin Sun of Tron informed the community that the total number of accounts on #TRON MainNet have exceeded 100 thousand and the block height has already reached 1100078 with 368 online nodes.
The way Tron is scaling new heights especially in its battle with Ethereum, Ethereum will soon have to find answers. If Ethereum’s problems continue to persist in no time it will have to lose its position to Tron.
Will Tron soon end Ethereum’s dominance? Do let us know your views on the same
The post Tron breaks Ethereum’s record of Most Number of Transactions recorded in 24 hours appeared first on Coingape.
Source: CoinGape

Tron [TRX/USD] Technical Analysis: Cryptocurrency stays adamant to take the bullish path despite bear attack

The past few days have been a roller coaster ride for the cryptocurrency market, with several coins witnessing a significant rise and fall in prices. Cryptocurrencies like Bitcoin Cash [BCH], XRP and Tron [TRX] have all undergone significant changes in prices with the investor sentiment leaning towards an expected surge during the current time period, a call back to 2017’s ‘crypto-boom’.
1-hour:

Tron [TRX]’s rise and fall are clearly seen on the cryptocurrency charts with the uptrend putting the price in the $0.0225-$0.0246 bracket while the downtrend bought Tron’s value from $0.0248 to $0.0237. The immediate resistance of the cryptocurrency has been lifted to $0.0248 and the support is holding at $0.0214.
The MACD line and the signal line have both embarked on a journey below the MACD histogram where the signal line has peaked a bit, indicating an imminent price hike.
The Relative Strength Index [RSI] has bounced back from the oversold zone, a sign of the increase in buying pressure of the cryptocurrency.
1-day:

The one-day Tron chart points to the price slowly being lifted out of its sideways movement pattern, all thanks to the significant hikes that occurred over the past few days.
The long-term chart still indicates a downtrend, with the prices dropping from $0.0391 to $0.0246. The long-term support has been holding at $0.018.
The Bollinger bands indicate a sideways movement which is put into picture by the upper Bollinger band and the lower Bollinger band taking the shape of a pipe. The size of the Bollinger clouds also shows a lack of substantial breakouts in the Tron prices.
The Chaikin Money Flow [CMF] indicator has been quite active, with the graph breaching the axis. The entry into the upper quadrant of the CMF graph is a bullish sign for the cryptocurrency’s prices.
Conclusion
The indicators seem to indicate an imminent price hike as shown by the MACD graph, CMF, and the RSI. The indicators also show that the increase will also raise the immediate resistance of Tron.
The post Tron [TRX/USD] Technical Analysis: Cryptocurrency stays adamant to take the bullish path despite bear attack appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] launches $10000 bug bounty program on Hackerone to become the “most secure public blockchain in the industry”

Keeping in mind their focus towards security on the Tron [TRX] blockchain, Tron Foundation has announced a bug bounty program on Hackerone. The program offers rewards of up to $10000 for critical issues, with the program aimed at discovering “potential technical vulnerabilities” in the mainnet.
Tron aims to achieve this using the help of the Tronics, with the Foundation calling out members who “specialize in global network security”. Moreover, the program is in order to sustain the mainnet as the “most secure public blockchain in the industry”.
Critical bugs found on the mainnet include bugs that can take control of nodes on the network by the remote execution of any code on the network. Another bug in this category are bugs that can lead to the leakage of users’ private keys. These have a bounty of $10,000, which are set to be paid out 14 business days post the submission of the report.
High threat level bugs include bugs that can incur Denial of Service on P2P networks or the RPC API, and provide a bounty of $6000. The medium threat level bugs are those that can incur a Denial of Service through the Tron protocol, along with bugs that allow unauthorized operations on user accounts.
The listing also mentioned a list of bugs that are off limits, which include clickjacking on pages with no sensitive actions, man in the middle attacks, root level access attacks, CSV injections, and content spoofing and text injection issues.
Hackerone remains as the platform with the highest amount of bounty finders and ethical hackers, thus contributing to the overall security of the Tron network.
The post Tron [TRX] launches $10000 bug bounty program on Hackerone to become the “most secure public blockchain in the industry” appeared first on AMBCrypto.
Source: AMB Crypto

100,000 TRX Giveaway by CoinCodex in Collaboration with Tron Foundation

CoinCodex has announced a giveaway of 100k TRX in collaboration with Tron Foundation while Tron founder and CEO working on further taking its “fantastic story” forward.
100k TRX up for Grabs
TRX giveaways are nothing new as previously Binance among many other firms have announced Tron competitions and giveaways.
Now, CoinCodex, a platform that provides information on various cryptocurrencies’ prices, market cap and subsequent charts have teamed up with Tron Foundation to giveaway a total of 100k TRX.
The official announcement reads, “We’re giving away 100,000 TRX tokens in collaboration with Tron.” It further shares on twitter:

CoinCodex is giving away 100,000 $TRX tokens in collaboration with @Tronfoundation. The pool will be split between 5 winners as determined by a random draw.
Entering our #TRON giveaway is extremely simple – follow the link below to participate.https://t.co/gW57e0AbwV
— CoinCodex (@CoinCodex) November 2, 2018

The giveaway period for 100,000 TRX is 2018/11/02 15:00 to 2018/11/12 15:00 (UTC). The number of winners chosen will be five that are determined by a random draw. There are still 9 days left in the competition and about 18,703 entries have been already made.
Hard at Work
Recently, in an interview, Tron founder and CEO, Justin Sun shared that Tron is much more than just a hype:
“FUD and Shill are commonly used to change the perception investors have around cryptocurrencies to influence the price. Unlike some projects, TRON reached all its milestones (test net, main net, an election of the witness nodes, virtual machine launch) without any significant snag. I believe that’s a great example that TRON is not only hype like some people say.”
He further added on blockchain taking more than a decade “before you can experience it,”
“Our team is working 24/7 to make that happen in much less. I founded the company in September 2017; today we are about 300 people. This is just the beginning of a fantastic story.”
In response to this only, Tron is already working on the Asian market especially Japan and South Korea. Tron Foundation has released a video series to promote Tron to these markets while its official announcement reads,
“The fourth episode of the introduction video series for the Japanese community was released. The series aims to introduce TRON to the Japanese community in detail through interviews between the TRON mascot and the host, showing the development of TRON to the community members in a vivid way.”
At the time of writing, at 11th position, Tron is trading at $0.0227 while being up by 0.86 percent.
The post 100,000 TRX Giveaway by CoinCodex in Collaboration with Tron Foundation appeared first on Coingape.
Source: CoinGape

TRON TRX Is Set To Take Over Japan


 Listen Here – https://soundcloud.com/cryptodaily/tron-trx-is-set-to-take-over-japan
One of the major targets for TRON is Asia. We get the feeling that for Justin Sun, the founder of TRON, TRX adoption across a number of Asian countries is sort of the dream and indeed, TRON does offer these countries a lot through the TRX currency and the TRON blockchain. In essence, TRX is very adoptable in Asia, as it is across the rest of the world.
Sun is looking towards countries like Japan and South Korea to spearhead this adoption. It’s no secret that both Japan and South Korea are two of the most crypto-forward nations in the world, with governments that are very much focused on fostering a positive approach towards the adoption of cryptocurrencies and blockchain technology, therefore Sun and TRON will want to capitalise on this. If TRON wants to find instant success within a country in order to see TRX adoption, Japan and South Korea are two of the nations to target, it’s as simple as that.
When we look at the data, we can see that TRX is slowly gaining popularity and traction within Japan specifically, complimenting the projects presence across Asia. Many consider that Ripple’s XRP is the cryptocurrency built to totally change Asian countries, however TRON is striking up fierce competition to this.
According to Ethereum World News, the TRON Foundation have announced a new video series that has been aimed at further promoting TRX within Japanese markets. The official TRON statement states:
“The fourth episode of the introduction video series for the Japanese community was released. The series aims to introduce TRON to the Japanese community in detail through interviews between the TRON mascot and the host, showing the development of TRON to the community members in a vivid way.”
Will Japan be the world’s crypto capital?
Many do expect that Japan will one day become the cryptocurrency capital of the world. This is because Japan has always been ahead of the game when it comes to cryptocurrency adoption and regulation. Japan are one of the few countries to fully regulate the cryptocurrency sector. This might sound like a bad thing, but it isn’t. Japan are proving just how useful honest and fair cryptocurrency regulation is. The consensus in Japan is not to censor cryptocurrencies, instead, the notion is that exchanges need to be seen to be protecting their customers.
In Japan, exchanges have to abide by very strict guidelines, guidelines which in turn protect investors and customers.
Now, as you can probably tell this benefits TRON in the long run, the adoption of TRX can only be driven by these regulations, so long as the regulated exchanges in Japan are happy to list TRX. The exciting thing about this, is that because of the way the regulations work, TRON need to do very little to ensure that their token is allowed to operate in Japan. The responsibility is in the hands of the exchange to follow the regulations, meaning TRON simply just need to market their token to the exchanges, the customers should then follow.
New TRON updates
Whilst we are here, let’s take a look at some of the most recent updates to come straight out of the TRON project. According to Blokt:
“As of Oct. 19th, the upgrade of Version 3.1.2 was completed by 33 exchanges. The EasyTrade development went ahead as planned and is now in its third phase. TronGrid was scaled up so that it can accommodate a large number of developers Dapps using the ecosystem.
Tron updated its documentation as a direct response to issues raised by the developer community.”
Furthermore:
“Last Trip, a Dapp developed by WuXia, will be launching a multi-language version of the game on Tron. TronDice, another entertainment Dapp ‘developed by Tron community developers’ has already been launched on Tron MainNet. TronDice has a 24-hour transaction volume of 88,724, with a DAU of 1,571. HitDapps has been launched on the Tron MainNet and has already developed three entertainment apps. HitDapps was developed by DAppsWiki, an Australian development team that pledged to continue supporting Tron’s community.”
Finally:
“The technical development team completed the addition of the index switch to the optimized index of SolidityNode and improved the TVM performance for the optimized TVM executions process. The team is working on optimizing the testing memory database and setting the BFT development plan.”
The expansion of TRON and TRX continues to impress many crypto enthusiasts across the world. We know that those in Japan are now watching this project very closely to gauge how they might invest in the future. Japan, South Korea and other areas across Asia may very well be some of the first countries to truly adopt cryptocurrency, many like ourselves now expect to see TRON TRX become one of the first cryptocurrencies to be adopted. At the very least, TRX has got as good a chance as any of the ‘adoptable’ other cryptocurrencies.

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The post TRON TRX Is Set To Take Over Japan appeared first on Crypto Daily™.
Source: Crypto Daily

Tron Burns Over 98% of ERC20 TRX Tokens while Adding 2 More Exchanges

The world’s 11th largest cryptocurrency that is trading at $0.0225 with 0.26 percent gains recently burned $800 million worth of ERC20 Tokens that accounts for “98.01% of the total 100 billion TRX issued.” Meanwhile, Tron also adds more names to its growing list of exchanges while pledging $10,000 for Donatefornetneutrality.com.
7th Batch of ERC20 TRX Tokens Burned
Tron founder and CEO updated the Tron community about conducting the 7th ERC20 coinburn on twitter with:

I just burned 800 million USD worth $TRX ERC20 tokens. $TRX ERC20 tokens will soon become historical artifacts😋 Don’t forget to keep one as a souvenir. 😇#TRON
— Justin Sun (@justinsuntron) November 1, 2018

Today, Tron Foundation released a detailed report where it shared,
“Following TRON’s MainNet launch on June 25, 2018, TRON Foundation has been proactively updating its MainNet and conducting token migration in its global community. As of now, near 100 exchanges and wallets including OKEx, Huobipro, Binance, Cobo Wallet, Cryptopia etc. have completed their token migration and resumed withdrawal and deposit services. All the ERC20 Tokens retrieved will be processed by TRON Foundation.”
It also mentioned that the Tron Foundation has conducted 7 coinburns till now as it further adds,
“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.”
Currently, “TRON MainNet is running stably,” writes the Foundation while it keeps on adding daily transactions, accounts, and exchanges.
BitexBook is one such crypto exchange that will now “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.” The exchange as per official announcement provides instant deposit, withdrawal in an hour, and commission from 0.1 percent.

#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. $TRX https://t.co/SVmps2tl9G pic.twitter.com/COIJt7gsAh
— Justin Sun (@justinsuntron) November 2, 2018

Bixtranex is another exchange that will be adding a number of cryptos along with Tron on November 8 as per the Reddit announcement.
Moreover, Justin Sun also exceeds 500k followers on Twitter while pledging $10,000 for Donatefornetneutrality.com that will “help fund efforts to educate voters in key districts across the country to vote pro-net neutrality and support lawmakers to reverse the decision that ended net neutrality.”
At the time of writing, The world’s 11th largest cryptocurrency Tron has been trading at $0.0225 while being in the green by 0.26 percent.
The post Tron Burns Over 98% of ERC20 TRX Tokens while Adding 2 More Exchanges appeared first on Coingape.
Source: CoinGape

Tron [TRX] coin burn worth $800 million announced by Justin Sun

Justin Sun, the Founder and CEO of the Tron Foundation announced that he finished burning $800 million worth of Tron ERC-20 tokens on Wednesday. He also referred ERC-20 tokens as artifacts and conveyed to his followers that they should hold one token as a souvenir as the tokens will soon become artifacts. The original Tweet read:
 “I just burned 800 million USD worth $TRX ERC20 tokens. $TRX ERC20 tokens will soon become historical artifacts. Don’t forget to keep one as a souvenir. #TRON”
Since its mainnet launch in June, Justin Sun has announced coin burn events on many occasions. Between June and July, Tron was believed to have burnt around 100 billion TRX tokens. About a month ago, the community burnt more TRX tokens, which were believed to be holding a value of about $2 billion.
The reason stated by Justin Sun for several coin burn events is to remove those tokens from the total supply. This leads to an increase in the value of the cryptocurrency as the demand is constant but the supply is less, leading to a higher price for the coin.
Earlier this year, the Tron Foundation also stated that the coin burn process will help the ecosystem curb inflation, maintain a fair distribution of the tokens and also act as a reward for the HODLers.
Under recent developments, Tron has been creating more and more partnerships to maintain a healthy network in the cryptocurrency space and outside. The largest cryptocurrency exchange in the world, Binance was also seen associating itself with the Tron ecosystem. Other big names involved with the Tron Foundation are BitTorrent and Baidu.
Atlas, A Twitter user and a cryptocurrency space follower confused old TRX tokens for new and wrote:
“You burnt half of the circulating supply really?” – Atlas
Here, Brad, a Tron follower and another Twitterati clarified and responded to Atlas’ comment, stating:
“ERC-20 tokens, not the Tron coins. He burnt the old and now useless tokens.” – Brad
The post Tron [TRX] coin burn worth $800 million announced by Justin Sun appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX]’s dApphouse goes live, smart contracts enabled on Tronscan and more!

On 29th October, the Tron Foundation released the weekly report to capture its technical developments. The report included all the technical progress undergone by the coin in the past week from 20th October to 26th October. Here, some of the highlights from the update were dApp developments wherein the Transcan was stated to have launched the smart contracts feature.
Furthermore, the report also mentioned that dApphouse went live during the past week. Regarding the review and scheduling of the Bancor DEX, Tron conveyed that both the steps have been completed to give way to Bancor development. Tron is also working on its Android wallet that is believed to have reached half-way, according to the report.
The report also focused on Tron’s competition with the leading blockchain platform Ethereum, in terms of adoption. It stated that a blockchain media agency called Coincode published an article on Tron’s visible success over Ethereum last week, which was titled ‘TRON Overtook Ethereum’.
Earlier, Justin Sun, the CEO and Founder of the Tron Foundation also made an announcement regarding a future collaboration between Tron and Oracle blockchain. The report acknowledged this announcement and celebrated the fact in one of the points.
Beyond this, the Tron Weekly Report also talked about technical developments in depth and discussed several global and developer communities as well.
Despite the positivity surrounding the TRX ecosystem, the coin is showing a drop of 5.5% in its price. At the time of writing, Tron was trading at $0.0221 with a market cap $1.45 billion. The 24-hour volume of the cryptocurrency was recorded at $74.7 million.
TRX chart depicting price drop | Source: coinmarketcap
However, Tron is not alone in this, as all the other cryptocurrencies in the market crashed to a massive scale within the span of an hour on 29th October.
The post Tron [TRX]’s dApphouse goes live, smart contracts enabled on Tronscan and more! appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Bear’s onslaught continues even after the extended reign

The cryptocurrency market continues its sideways movement, driving investor sentiment down the drain. Almost all the major cryptocurrencies, as well as altcoins, have undergone price stagnation, indicating the bear gaining supreme strength.
1-hour:

The trend line indicates an acute downtrend from $0.025 to $0.023, with Tron [TRX] prices slowly and steadily falling. The TRX support has been holding at $0.0232, while the resistance at $0.0255 has not been breached in quite some time.
The Relative Strength Index [RSI] shows a repeated pattern of Tron rising for a while and then crashing towards the oversold zone. At the moment, the cryptocurrency has been moving sideways between the overbought zone and the oversold zone, indicating the equilibrium between the buying pressure and the selling pressure.
The Parabolic SAR is predominantly bearish, with just a mix of bullish spikes. The bearish drops are indicated by the markers being above the candles. Currently, the dots have aligned below the candlesticks, indicating a slightly bullish market.
The Chaikin Money Flow [CMF] indicator is just about to breach the axis and enter the bear’s territory. The downward graph on the Tron CMF chart is indicative of the money that is flowing out of the market. The outflow can be attributed to investor sentiments being hurt after a lack of price hikes.
1-day:

The one-day graph for Tron does not take the side of the bull either, with the trend lines indicating a downward trend where the prices have fallen from $0.050 to $0.023. According to the chart, the daily support has been holding at $0.018 while the cryptocurrency has been wavering close to that point.
The Bollinger bands indicate an elongated pipe-like formation that is typical of a sideways price movement. At the time of writing, the upper Bollinger bands, as well as the lower Bollinger bands, were both converging, indicating an even further fall in prices.
The Awesome Oscillator points to the Tron market momentum slowly picking up an then diminishing. The lack of market momentum goes hand-in-hand with the stagnant cryptocurrency market.
The MACD line and the signal line have been moving in a conjoined fashion due to a lack of breakouts. At press time, the signal line was slowly starting its trajectory downwards, which is a bearish signal.
Conclusion
The elongated sideways movement of the cryptocurrency market seems to continue with a majority of the indicators projecting the reign of the bear. All the indicators mentioned above projects a largely bearish market with just the CMF indicator showing a bullish tendency.
The post Tron [TRX/USD] Technical Analysis: Bear’s onslaught continues even after the extended reign appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Cryptocurrency recovers after support break despite the bear still reigning

Tron [TRX]’s rapid push for mainstream adoption has not been able to shake off the bear with cryptocurrency prices still buckling under the bear’s pressure. The analysis shows that post the support break, the prices have not seen any drastic changes.
1-hour:

The Tron [TRX] one-hour graph shows a clear downtrend with the support maintaining at 0.0232 after the support break. The longtime resistance has been holding at $0.0262.
The Bollinger bands show both the upper and lower bands converging, a bearish sign. The clouds have taken a snake-like shape which is reflective of the sideways price movement.
The MACD shows a crossover between the signal line and the MACD line. Both the lines have gone above the histogram which occurred at the same point that the TRX prices rose. The MACD histogram has been showing a mix of both bullish and bearish signals.
1-day:

The one-day graph shows a support of $0.0182 with the trend lines pointing to an acute downtrend.
The Relative Strength Index [RSI] has been moving sideways after falling from the overbought zone.
The Chaikin Money Flow [CMF] indicator shows a drastic drop from its position above the axis for the cryptocurrency to fall in a steep manner in the bear’s zone. This bearish sign shows that
Conclusion:
The bear has clearly not let go of the market with the Bollinger bands, RSI and the CMF all pointing to this fact. Only the MACD has taken the side of the bull.
 
The post Tron [TRX/USD] Technical Analysis: Cryptocurrency recovers after support break despite the bear still reigning appeared first on AMBCrypto.
Source: AMB Crypto