Tron [TRX] DApps surpass Ethereum, EOS in terms of weekly active and new users

Tron [TRX], the eleventh largest coin on CoinMarketCap, has been crossing new milestones recently, with its block height and partnerships. Despite the coin performing rather poorly in a relatively bullish market, its adoption and the popularity of its DApps have made Tron lead the DApps market.
Tron’s popular proponent, Misha Lederman, shared with the community Tron’s recent achievement. Compared to Ethereum [ETH] and EOS, Tron registered a higher number of new users and active users. It noted 60k new users, while Ethereum reported 25K and EOS reported 9k. The active users on Tron’s DApps platform were 172k, followed by EOS with 170k and ETH with 54k.
Lederman in his tweet commented,
“#TRON growing fastest in terms of new users among Top 3 platforms:
New Users:
TRON 60K; #ETH 25K; #EOS 9K
Active Users:
TRON 172K; EOS 170K; ETH 54K”
Source: Twitter
He added that BitTorrent Speed’s launch in Q2 would provide Tron and BitTorrent users with BTT as an incentive for seeding, which might lead to a growth in the user base of TRX and BTT.
Source: Twitter
According to Tron foundation and BitTorrent CEO Justin Sun, TRX will make its way into the top 10 by the end of June, whereas BTT will be a part of top 30 by Q2. However, Tron’s current market cap is $1.87 billion, whereas Cardano [ADA] on the tenth position reported a market cap of $2.12 billion.
At press time, Tron was valued at $0.0279, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was noted to be $664 million, as it fell by 2.80% in a day. TRX managed to register 12.60% growth over the past seven days. However, it fell by 0.53% in an hour.
The post Tron [TRX] DApps surpass Ethereum, EOS in terms of weekly active and new users appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Weekly Report: Tron launches new APIs on TronGrid as it tests block broadcast optimization

The cryptocurrency market is going through significant changes every second, with the performance of most coins fluctuating consistently. Tron [TRX], the eleventh largest crypto on CoinMarketCap, failed to report significant growth in the market. However, the Tron ecosystem’s updates and developments have kept pace. The weekly report released by the Tron Foundation made note of these developmental changes taking place in Tron.
The report said that the foundation had tested the block broadcast optimization solution, and the optimization solution for energy deduction in transaction failure. However, the Foundation was still working on the on-chain rate of transactions, which were broadcasted by GPRC. The team said that they were also working on the Sun Network, for which tests were underway.
The report highlighted that developers implemented new APIs in the wallet, along with the addition of ledger side changes for backend downtime. As for uTorrent and BitTorrent clients, the devs community has come up with a prototype TronTV to test. The report made note of the launch of the new APIs.
BitTorrent saw the completion of its fourth airdrop at a block height of 9,123,823. The Foundation carried out a campaign to spread awareness about the utility of BTT tokens, alongside it being used for in-speed applications to enable faster download of files.
Even though the market was not performing as well as expected, Tron’s adoption has not been a problem. The report noted that Bitkeep wallet listed Tron and supporting the token. Tron’s value in the market was at $0.0281, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was $677 million, dipping by 3.14% over the past day. Over the past seven days, the token spiked by 13.56%. However, it slipped by 0.77% in an hour.
The post Tron [TRX] Weekly Report: Tron launches new APIs on TronGrid as it tests block broadcast optimization appeared first on AMBCrypto.
Source: AMB Crypto

Tron (TRX) Futures Trading Now Available on OKEx

Tron (TRX) Futures Trading Now Available on OKEx
OXEx announced the launch of TRON (TRX) futures trading scheduled to become available on the exchange platform starting from 8:00 [CET, UTC+1] on May 20.
Tron (TRX) Futures Trading Now Available on OKEx

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Source: CoinSpeaker

Ethereum [ETH] vs Tron [TRX] Price Analysis: Bulls moving with sluggish steps

Ethereum prices were hiking even after the Bitcoin crash as the bulls raced past the $244.57 mark and was trading at $239.81. Ethereum fell by 0.42% over the past 24 hours. The market cap of Ethereum was $25.44 billion, with $13.58 billion in 24-hour trading volume.
Tron endeavours towards building a user-centric system wherein the users have authority over centralized organisations. Tron gained momentum in the market with the launch of it’s latest security feature – zk-Snarks- to up its privacy settings. Tron was priced at $0.0271 with a market cap of $1.8125 billion, at press time. Tron stood at the eleventh position on the top cryptocurrencies list around the globe, with $812 million in trading volume.
1-Day ETH
ETH saw an uptrend from $136.39 to $255.60. There were two resistance lines at $247.74 and $195.83. Support lines were drawn at $99.44 and $86.37.
Source: TradingView
Bollinger Bands indicated a high rate of volatility in the ETH market.
Awesome Oscillator indicated a bullish buying opportunity as the long-term momentum was inferior to short-term momentum.
Chaikin Money Flow indicator pictured the indicator line above the zero-line. The money flowing into the market was exceeding the money flowing out of the market.
1-Day TRX
Source: TradingView
TRX saw two uptrends, first from $0.0153 to $0.0287 and second from $0.0262 to $0.0307. Resistance lines stood at $0.0307 and $0.0267, and the support line was positioned at $0.0126.
Bollinger Bands depicted an increased rate of volatility in the TRX market.
Awesome Oscillator showed a bullish buying opportunity as it was evident from the graph that the short-term momentum was greater than the long-term momentum.
Chaikin Money Oscillator showcased the indicator line falling, but above  zero. This indicated that money flowing into the market was higher the money flowing out of the market.
ETH and TRX were showing signs of a bullish trend as the market.
The post Ethereum [ETH] vs Tron [TRX] Price Analysis: Bulls moving with sluggish steps appeared first on AMBCrypto.
Source: AMB Crypto

Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit

Bitcoin was trading around the $8000 range since 13th May as the bullish momentum on Bitcoin peaked in the next couple of days. The yearly high recorded on Bitcoin [BTC] is $8390-$8410 on 14th May 2019. Nevertheless, like most times, this rise was also followed by a fall. Some traders were apprehensive of Bitcoin another move to $10,000; instead, it broke below $8000.
Bitcoin was trading around $7800-$8000 since yesterday. Bitcoin broke below this level rather hard, the 4-hour candlestick recorded a low of $6178, ove 20% decline. It soon made some recovery as traders rushed to buy the dip. The price of Bitcoin [BTC] at 4: 00 hours UTC on 17th May 2019 is $7348. It is trading 9.33% lower on a daily scale.
Furthermore, the candle-sticks also suggested that a ‘hanging man’ was followed by a huge bearish bottom.
BTC/USD 4-Hour Chart on Coinbase (TradingView)
The altcoins had risen for the past two days after Bitcoin broke away from $8000. The market dominance of Bitcoin of decreased considerably as most altcoins recorded yearly highs on 15-16th May 2019.
Also Read: Bitcoin Pizza Day – ’60 Minutes’ Magazine Interviews Man Who Spent 10000 Bitcoin for Pizza in 2010
Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH]
The losses on Litecoin [LTC] and Bitcoin Cash [BCH] were around 12% as all altcoin traders seem to be abandoning ship, booking profits from yesterday and due to the FUD (Fear, Uncertainty, and doubt) of a massive impending correction in Bitcoin prices.
Ethereum also broke below $250 as well. The price of Ether [ETH] at 4: 20 hours UTC on 17th May 2019 is $245. It is trading 6.44% lower on a daily scale.
ETH/USD 1-Day Chart on Coinbase (TradingView)
The losses in Tron [TRX], Cardano’s [ADA] and EOS were in double digits as well. TRX losses were highest amongst them at about 16.7%. Nevertheless, the losses on ADA and EOS were 13.5% and 9.3% respectively.
XRP broke Below $0.4; Other Altcoins Drop As Well
The cryptocurrency which initiated the altcoin run this week with massive gains above $0.32 touched $0.48 on 16th May 2019. However, it pulled back along with Bitcoin as price over 15% in the last few trading sessions.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Stellar [XLM] which was one of the biggest gainers yesterday recorded 13.45% losses at 4: 30 hours UTC on 17th May 2019. The price of XLM broke below $0.13.
The other altcoins apart from a very few plummeted to similar degrees. The average rate of decline in the cryptocurrency market was around 11.5%.
The dominance and total market capitalization of Bitcoin were around $130 billion and 56.2% at press time. The total market capitalization of cryptocurrencies which was above $260 billion yesterday, fell below $230 billion.
Do you think bearish momentum will take over now or traders will fill in to buy the dip? Please share your analysis with us. 
The post Crypto-Market Update: Bitcoin [BTC] Falls Hard, Tests $6200; Alts ETH, XRP, LTC, BNB Follow Suit appeared first on Coingape.
Source: CoinGape

Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser

Opera Software announced its intention to soon support TRON’s TRX and other TRC-standard tokens within its browser. Currently, it supports on Ethereum and ERC-20 tokens on its Dapps browser.
Krystian Kolondra, EVP at Opera, Head of Browsers noted in the announcement that,
“TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it,” She added  “By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”
Opera launched the Web3 browser and in-built crypto-wallet in December 2018. Web3 browsers are new age browsers that enable the browser API to interact with the blockchain and smart contracts underneath it. It works like any other web browser on the top, but the data and information are actually being executed on a secure blockchain platform like Ethereum or Tron. Opera Web3 Browser plans to add support for more such blockchain platforms during this year.
This is a significant piece of news which guarantees increased adoption of Tron across all platforms. TRX instantly surged by over 6% in 4-hours. Currently, Tron is testing the resistance near its yearly high around $0.0305.
TRX/USD 1-Day Chart (TradingView)
The price of TRX at 15: 30 hours UTC on 15th May 2019 is $0.0299. It is trading 11.95% higher on a daily scale.
Also read: 888Tron Dapp displays Tron’s supremacy by clocking 25 transactions per second
Tron has more than 400 Decentralized Applications built on its blockchain. Moreover, it processes more than 3 million transactions daily. It is one of the fastest growing blockchain projects with a wide scale adoption in the entertainment and e-gaming industry. Justin Sun was also excited about the announcement. He said,
“We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens,” He added”Soon, Opera users will be able to use dApps on the TRON blockchain. “
Do you think Tron will lead the blockchain-based internet in the future? Please share your views with us. 
The post Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser appeared first on Coingape.
Source: CoinGape

Opera Wallet Launches Support for Tron TRC-Standard Tokens

Opera Wallet Launches Support for Tron TRC-Standard Tokens
Opera announced that they will soon provide in-built support for the TRON (TRX) blockchain and TRC-standard tokens. Among other things, the new integration will make it possible to natively use TRON-powered dapps and tokens within the browser.
Opera Wallet Launches Support for Tron TRC-Standard Tokens

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Source: CoinSpeaker

Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run

Bitcoin [BTC] rose from $6000 to $8000 in less than a week. The gain on Bitcoin since the beginning of the month is 52.2%. Moreover, the sudden unprecedented rise made the altcoin traders wary of their investments as it continued to lose value to BTC. Altcoins traders which seemed to be losing value to Bitcoin maximalists are finally seeing green in their ledger.
Bitcoin’s rise cooled of near $8000 for the moment, the low and high from yesterday was $7621 and $8350 respectively. The price of BTC at 4: 00 hours UTC on 15th May 2019 is $8031.
XRP and XLM Continue Gaining on Consecutive Days
XRP seemed to begin the altcoin run as it gained more than 30% on Tuesday. It has continued to gain on the following day as well, as the price of XRP is trading 20.66% higher on a daily scale. The price of XRP at hours UTC on 15th May is $0.432.
XRP/USD 4-Hour Chart on Kraken (TradingView)
Stellar (XLM) which is closely related to ripple in terms of audience and vision rose with the ride as well. The price of Stellar is $0.119. It is trading 13.5% higher on a daily scale.
Ethereum, Bitcoin Cash [BCH], Litecoin [LTC]
Ethereum, the second largest cryptocurrency according to total market capitalization; it added another $2 billion to it in the past day. Moreover, Ethereum also rose w.r.t. Bitcoin [BTC] as it climbed back above 0.027 BTC.
ETH/BTC 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Litecoin [LTC] trading were trading at par on a daily scale. However, the rise in Bitcoin Cash [BCH] has been impressive almost equivalent to Bitcoin [BTC] as it gained almost 50% since the beginning of the month.
BCH/USD 1-Day Chart on Coinbase (TradingView)
The gain on Litecoin [LTC] has been in double digits as well. It broke above the $78 support and resistance, to trade in the $90 range.
Binance [BNB] Coin Breaks $25
Binance [BNB] coin broke above its previous all-time high as it traded above $25. The price which was looking towards the downside last week due to the hack at Binance Exchange has recovered to cement its 7th position w.r.t total market capitalization.
BNB/USD 1-Day Chart on TradingView
BNB seems to be getting resistance from the all-time high levels as it tries to break it for the third time in a month.
Tezos [XTZ], Cardano’s ADA and Tron [TRX] and IOTA Record Double-Digit Gains
Many altcoins traded in the green with double-digit gains on a daily scale. While all ‘good’ alt projects have been in the development phase in the past year, there was no specific reason for the rise of these altcoins except the bull run from Bitcoin [BTC].
Amongst the $1 billion MCap cryptocurrencies, Tezos [XTZ], Cardano’s ADA, Tron [TRX] and IOTA gained above or around 10%. ADA and TRX gained 11.6% and 10.7% on a daily scale. The price of ADA and TRX at 4: 00 hours UTC on 15th May 2019 is $0.085 and $0.0284 respectively. Furthermore, the gains on XTZ were more stupendous as its price broke above $1.6. It gained 17.4% on a daily scale.
The total market capitalization of the cryptocurrency market is closing in on $250 billion as it added about $4 billion in the past day. The dominance of Bitcoin [BTC] corrected from its yearly high of 60%, currently at 58.2%.
With the bull run in progression do you think we’ll reach 2017 highs soon or more accumulation is required? Please share your views with us.
The post Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run appeared first on Coingape.
Source: CoinGape

Tron CEO Justin Sun Seems to be Unwilling to Give Promised Tesla Away

Tron CEO Justin Sun Seems to be Unwilling to Give Promised Tesla Away
Tron’s CEO Justin Sun provided the winners of his giveaway with a cash equivalent instead of Tesla cars. But the amount is lower than the real price.
Tron CEO Justin Sun Seems to be Unwilling to Give Promised Tesla Away

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Source: CoinSpeaker

Volume Network: Realising A Truly Decentralised Platform As TRON CTO Joins In

Volume Network: Realising A Truly Decentralised Platform As TRON CTO Joins In
Here’s the letter from Lucien Chen, Former CTO, Co-founder of TRON, Founder, CEO of Volume Network to the community members and supporters.
Volume Network: Realising A Truly Decentralised Platform As TRON CTO Joins In

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Source: CoinSpeaker

Tron [TRX]: Justin Sun short-changes new winner; awards USD equivalent instead of a Tesla

The TRON-Tesla tryst is one that has arrested the attention of the cryptocurrency community on Twitter. Following a botched marketing ploy by Justin Sun in March 2019, the Tron spearhead finally made amends on his Tesla promise. However, Sun failed to go all in on his promise.
On March 12, to celebrate the success of BTT, USDT, and Tron, Sun had announced a “$20, free cash airdrop.” In addition to the same, he stated that he will “randomly pick” a winner to receive a Tesla.
According to John Galt, the first draw went to a bot account and the 87 winners were the same person. The Tesla winner, @uzgaroth, was asked to provide his contact details by Sun, followed by the CEO promptly deleting the tweet and all mentions of the winner.
Following @uzgaroth’s tweet asking the crypto-community if he’d been scammed, Sun short-changed the user with a trip to the niTROn 2020 conference, instead of the Tesla, triggering a calamity of Twitter memes to the effect.
However, nearly one and a half months after the episode, Sun revealed another winner, Lee Huynh. Funnily enough, Huynh would not receive the electric car, but a USD-equivalent of the same, or close enough. Sun’s tweet read,
Source: Twitter
Picking up where the Tesla controversy left off in March, crypto-Twitter resumed its criticism of Sun. Many online not only questioned the lax sidelining of @uzgaroth and the announcement of a new winner, some also speculated on the price of the Tesla and its USD equivalent
According to The Verge, the cheapest variant of Tesla’s Model 3 is priced at $35,000, $7,000 more than what Sun is offering as the “#USD that is equivalent to #Tesla price.”
Regardless of the conversion and the USD price of the car, Huynh does not plan on purchasing a Tesla. Instead, “the winner,” stated that he converted his reward into TRX. Leo Huynh tweeted, tagging the former “winner” as well,
Source: Twitter
A few minutes after revealing Leo Huynh to be the “winner,” Justin Sun made good on his earlier promise to @uzgaroth, stating that the latter would be the “2nd winner” and that a sum of “28,000 $USD value of #TRX” would be awarded to him as well. Sun tweeted,
Source: Twitter
The post Tron [TRX]: Justin Sun short-changes new winner; awards USD equivalent instead of a Tesla appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Consolidating Gains: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap rallied above the $200.0B and $210.0B levels before correcting lower.
Bitcoin price tested the $7,500 resistance level and recently corrected towards $7,000.
EOS price tested the $5.50 resistance level and it is currently well above the $5.20 support.
Binance Coin (BNB) recovered nicely and it is now trading above the $21.20 resistance level.
Bitcoin cash price is currently holding gains above the $285 and $290 support levels.
Tron (TRX) price is back above the $0.0240, but it must clear the $0.0250 resistance level.

The crypto market cap remains well supported, with positive moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), litecoin, ripple, and EOS are placed above key supports.
Bitcoin Cash Price Analysis
There was a sharp upward move in bitcoin cash price above the $300 and $320 resistance levels against the US Dollar. The BCH/USD pair even spiked above the $340 resistance and settled well above the $350 resistance zone.
The pair is currently consolidating gains above the $350 level, with many supports near the $344 and $340 levels. ON the upside, an initial resistance is near the $360 level, above which the price could retest the $375 level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price started a strong upward move after it broke the $5.00 and $5.05 resistance levels. The bulls gained momentum above the $5.20 and $5.30 levels. The price even tested the $5.50 level and it is currently correcting lower. An immediate support is at $5.35, below which the price may test $5.30.
Tron price traded in a range for a few sessions before it climbed above the $0.0238 and $0.0240 resistance levels. TRX price spiked towards the $0.0250 level, but it failed to retain momentum. It is currently trading near $0.0430, with an immediate support near the $0.0240 level.
Binance coin (BNB) started a fresh increase after it tumbled towards the $18.50 support. BNB price bounced back above the $20.00 and $21.00 levels. It is currently trading above $21.50 and it seems like it could test the $22.00 or $22.15 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp rally above the $190.0B and $200.00 resistance levels. The market cap even broke the $208.0B and $210.0B resistance levels. It posted a new monthly high at $213.7B before starting a downside correction. It declined below the $205.0B and $200.0B levels. However, the $196.0B-198.0B area acted as a strong support. The market cap is currently consolidating and it is likely to resume upside above $205.0B. Therefore, there could be a fresh increase in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the coming sessions.
The post Crypto Market Consolidating Gains: Bitcoin Cash, BNB, EOS, TRX Price Analysis appeared first on NewsBTC.
Source: New

Tron TRX Price Prediction: Projected Analysis of 2019, 2020 & 5 Years

Tron is now a worthy competitor to Ethereum following the mainnet launch in 2018.
Technical analysis place Tron in a bullish phase both in the long-term and short-term.

Let us shed some light on the most asked question we get about Tron- it’s the Tron price prediction.
All ardent followers of the cryptocurrency market would agree that Tron (TRX) is one of the most ambitious projects in the industry. The project has come from a state where it had few if not non-existent use cases to a point that it sees itself as a worthy competitor of the largest altcoin Ethereum (ETH). Indeed, one would say Tron is the perfect example of ‘fake it until you make it.” That’s why predicting the value of Tron has become even more important to us.
Theatrics aside, Tron is currently ranked as the 11th largest digital asset on the market having a market capitalization of $1.5 billion. In the last 24-hours, the data on CoinMarketCap shows the crypto having a trading volume of $636 million. Although Tron has a total supply of 99,281,283,754 TRX only 66,682,072,191 TRX tokens are currently in circulation.
Tron is listed on most of the leading crypstocurrency exchange platforms including the largest Binance. Other platforms that support Tron include OKEx, HitBTC, Huobi, CoinBene, Bitrue, Upbit, IDAX,, Bittrex and Bitfinex among many others.
In this article, we try to give our esteemed readers an overview of the Tron cryptocurrency project, past and future performance, the future of the project, predictions as well as the FAQs section where you can quickly equip yourself with information regarding Tron.

Tron price prediction 2019
Tron price prediction 2020
Tron price prediction 5 years
Tron 2018 in a nutshell
Has Tron found a bottom yet?
The future of Tron
Tron technical analysis
Tron project overview
Tron wallet

Tron Price Prediction 2019
Price prediction is mostly based on the state of the project at present and how it has performed in the past. Tron recently hit 2.7 million accounts registered on the network (setting a new record). The last three months have seen Tron grow consistently in the number of users. On several occasions, Tron has led the industry in terms of having the largest daily onchain volume and daily transactions. The number of dApps on the platform recently hit 400 although it is still far from the 2019 target at 2,000.
The entire cryptocurrency market extended the crypto winter into 2019 where digital assets trimmed the gains achieved in December 2018 massively. The fall in prices across the board was mainly attributed to investors taking a back seat following the extended bearish pressure. Bitcoin championed rally failed to revive the altcoins as it was expected until we had a breakout at the beginning of April.
Our prediction for Tron in 2019 places TRX at $0.08 at the end of 2019. Besides, Tron will embark on an incredible journey of breaking barriers to trade between $0.05 and $0.07 in the second and third quarters of the year. The network intends to sign several strategic partnerships including the rumored partnership with Liverpool Football Club. This coupled with increased development in terms of boosting privacy, security and privacy will continue to attract investors’ attention.
Tron Price Prediction 2020
Although Tron is trading at $0.024 following a 2% loss in the last 24 hours, the token is predicted to hit $0.2 by the end of 2020. It is also good to note that other experts on the market place TRX between $0.05 and $0.08 by the end of 2020 (prediction by TradingBeasts).
Towards the end of 2020, a bull rally will commence around $0.21 and $0.30 giving way for a bullish parabolic move like the one experienced in December 2017. on the other hand, Tron will exchange at $0.4 in 2020 however, investors should expect huge fluctuations this year.
Tron Price Prediction 5 years
Tron is expected to spark institutional investors in 2020 especially with the plan of turning TRX into an institution grade token. Many organizations are expected to embrace the blockchain technology this year in turn increase Tron (TRX) acceptance supported by increasing dApps. Predictions suggest that an investment in TRX at present will have an RoI of 1,536.75% by 2023 which means that TRX will likely to be trading at $0.54 in the same year.

Tron 2018 in a Nutshell
2018 was an incredible year for Tron as well the company’s issued token TRX. Besides, sticking to their roadmap, the network achieved various milestone that placed it on the global map and in direct competition with other similar platforms like Ethereum, EOS, and NEO. Investors expected Tron to deliver and the network outperformed itself.
At some point last year, Tron market share increased significantly pushing it into the top ten cryptocurrencies by market capitalization. Tron Foundation also released the mainnet which allowed Tron to transfer TRX tokens from Ethereum to its own protocol. The network then elected Super Representatives to ensure that the decentralization of the network was guaranteed. Moreover, 2018 is the year that Tron acquired the file-sharing platform, BitTorrent.
The mainnet launch elevated Tron to the level of Ethereum as a decentralized applications (dApps) building platform. As an independent platform, Tron blockchain is used to verify transactions while utilizing what is referred to as non-disruptive Proof-of-Authority consensus algorithm. Another significant achievement for Tron in 2018 was the groundbreaking partnership with PornHub; the leading website for adult content with more than 120 million users on a daily basis. Still, in 2018, the Tron community witnessed the token burns, Super Representative elections, and the incredible Project Atlas.

Chart Source: Bitcoin Exchange Guide
Has Tron Found a Bottom Yet?
Cryptocurrencies in 2019 including Tron seem to have found a significant support bringing to an end the crypto winter that dominated the market throughout 2018. Looking at TRX/USD trading pair chart, we see that the month-over-month declines in 2018 seem to have found support at $0.011. Tron has since corrected from this level to trade highs of 0.0377 but retraced over time to the current $0.0244. On the upside, gains are strongly capped at $0.0400 with sideways trading expected in a couple of months. Therefore, it is true to say that Tron hit a bottom and is patiently waiting for a breakout.
TRX/USD daily chart

Tron price Prediction Chart source: Tradingview
The Future of Tron
Tron is a project that many love to hate. However, it is factual that it has a very vibrant community that is mainly kept active and engaged by Tron’s founder Justin Sun. Sun has an interesting marketing flair around him. His marketing skills can make experienced marketing expert envious. However, the same outspokenness has proved detrimental to the project like the direct attacks between Sun and Ethereum founder Vitalik Buterin.
According to ZyCrypto, the future of Tron is bleak unless the network changes tactic in the near future. Take, for instance, reports say that 90% of assets are the channel to Tron Foundation during distribution while a meager amount of coins are set aside for future developments.
Nevertheless, as per the fundamentals, Tron future is still bright and could get brighter. Of course, there is no perfect team and the people behind the project have proved to investors that they can deliver before and nothing will stop them from doing so again.
You might also be interested in Tron MainNet Launch: Leaving No Stone Unturned to Become a Powerful Cryptocurrency
Tron Price Analysis
Let’s take a closer look at the technical levels displayed by this ambitious cryptocurrency token. The 4-hour chart shows Tron being not only a strong rebounder but also has the potential to recover to the highs achieved in April.  Following the elongated consolidation phase, green shoots began sprouting across the market. Tron alongside other digital assets pulled above 200 Simple Moving Average (SMA) marking the beginning of the leg formation for the bull rally that loomed. Correction above the range resistance at $0.0248 was the breakout point that Tron required to scale the levels above $0.0300 and even test the hurdle at $0.0320.
Tron TRX/USD 4-hour Chart

Tron Price prediction Chart source: Tradingview
Failure to break above $0.3200 allowed the battered bears to return for revenge a move that saw Tron lose a huge chunk of the gains accrued in April. The support at $0.0260 finally caved in due to bear pressure while the drop below the 200 SMA increased the bear influence on the market resulting in a further drop below the 23.6% Fibonacci level taken between the last drop from $0.02786 to a low of $0.0221.
April declines found balance at the swing low before rising again to usher in the new month of May. Although Tron has been bullish in the past couple of days, the crypto is back to trading in the resistance range before the surge in April began. The upside is limited by both the range resistance at $0.0248 and the 23.6% Fib level. We have seen a break above the trendline resistance but the 50% Fib level short-term support is still in danger.
Technically, Tron is bullish in the short-term but it lacks support and a catalyst to sustain growth towards the April highs. The RSI is above average and even moving higher above the rising trendline. It is essential that Tron pulls above the 200 SMA at $0.2600 to encourage more buyers to take positions in order to see a significant recovery that could even hit $0.035 and $0.0400 in the medium-term (before end of June).
Tron Key Technical Indicators
RSI 4-hour: 58.79
200 SMA 4-hour: 0.0260
Short-term trend: Bullish
Long-term trend: Bullish
Key support areas: $0.0240, $0.0230, $0.02192 and $0.0210.
Key resistance zones: $0.0260, 0.02742 and $0.0320.
Tron Price Frequently Asked Questions:

What is the current price of Tron (TRX)?

Tron is currently valued at $0.0246 (on Coinbase).

What will be Tron (TRX) price tomorrow?

According to the above technical analysis, Tron (TRX) is likely to trade above $0.0250 tomorrow.

Is Tron a recommended asset for investment?

Considering the predictions explored in this article, Tron is a good asset to invest in. However, it is more profitable for the long-term holder or otherwise known as HODLers.

What is Tron predicted price in five years?

As per the prediction above, Tron is likely to trade at $0.54 after five years from now.

Is Tron inclined to a fall or rise in the future?

In the future, we will see Tron trading much higher than the current price. However, as a cryptocurrency tradable asset, there will be ups and downs. The important thing is that we will have higher highs and higher lows.

What will be Tron price in 2020?

Tron is predicted to trade at $0.2 by the end of 2020.

What will be Tron’s price in 2025?

Tron will exchange hands between $0.5 and $0.6 in 2025 (exactly 6 years from now).

Can Tron Crash?

Tron is unlikely to crash based on the analysis we have done on the project. Tron has become not only bigger but also better. The developers at Tron have not disappointed before and are definitely not going to start today.

Where can I buy Tron (TRX)?

You can buy Tron in all the exchanges that support TRX as a tradable asset, some of which are mentioned here.

Tron Project Overview
Tron describes itself as the largest decentralized platform in the cryptocurrency world. The website says that its high throughput is as a result of improving the transactions per second (TPS) of the network “which has surpassed Bitcoin and Ethereum, to a daily-use practical degree.” Tron also claims to be one of the most scalable networks in the industry in a way that applications are allocated diverse deployment methods on Tron due to the extremely scalable and effective smart contracts. Moreover, the platform has the ability to support colossal volumes of users.
Additional details on the Tron website explain that the network is more reliable in terms of network structure “user asset, intrinsic value and a higher degree of decentralization consensus come with an improve rewards distribution mechanism.”
In terms of performance, TRX consistently handles 2,000 transactions per second (TPS) around the clock. Tron’s TPS dwarfs Ethereum’s 25 TPS, at the same time, it is almost gigantic when compared to Bitcoin’s transactions per second which range between 3 – 6.
Tron Wallets
A crypto wallet is an essential part of any cryptocurrency network because it connects the users to the blockchain. It allows sending, receiving and storing of digital tokens or coins in addition to being an integral part of decentralized applications (DApps).
Tron has several types and versions of wallets including the newly launched TronLink. The wallet is mainly used in the access of DApps on the Tron protocol. It can also be used to send and receive TRX, TRC10 and TRC20 tokens. Users who want to use TronLink are required to download and install a browser extension supported by Chrome. Thereafter, they can create a new wallet and remember to keep the private keys secure.
TronLink user interface is very simple and precise in that it shows the account address, balance, bandwidth, energy as well as the number of tokens stored.
Tron Wallet
Tron wallet, on the other hand, comes in handy for today’s user who prefers to use his/her smartphone to do almost everything as long as it is internet based. Tron Wallet is among the most advanced wallets in the industry. It comes as complete package giving the user the ability to transfer cryptos, show the history of the transacting account, connect to DApps in addition to supporting fundraisers and Super Representative voting. This wallet has support for TRX and other tokens running on Tron’s mainnet. Moreover, various platforms are supported including the web, mobile, and desktop.
It is essential to do your own research before buying any cryptocurrencies because no one can predict the price accurately. This article is meant to help form a basis for your decision to invest in Tron. However, additional research will go a long way in helping you make the right judgment.
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The post Tron TRX Price Prediction: Projected Analysis of 2019, 2020 & 5 Years appeared first on Coingape.
Source: CoinGape

Tron’s Justin Sun Offers Help to Binance Depositing 7,000 BTC

Tron’s Justin Sun Offers Help to Binance Depositing 7,000 BTC
After the recent and most unexpected hack of the Binance exchange, in which 7,000 BTC were stolen, Justin Sun has publicly offered to donate 40 mln USDT to support the exchange and buy TRX, BNB, BTT and other coins with that money.
Tron’s Justin Sun Offers Help to Binance Depositing 7,000 BTC

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Wrap: No Major Selloff in Wake of Binance Hack

Crypto markets pull back slightly; Bitcoin recovering, Ethereum back at support, Tron a rare green gain.
Market Wrap
As expected crypto markets have pulled back a little as the news of the Binance hack reverberates around the globe this morning. Unlike in previous times, however, there has been no major dump and crypto market capitalization is still around its highest level for several months.
Bitcoin took a bit of a hit when the news broke that Binance had lost 7000 BTC to hackers. After spending much of the past day over $5,900 it dropped back 2.7 percent to $5,790 before starting an immediate recovery. At the time of writing BTC was trading at $5,880 less than a percent down on the day.
Ethereum took a bigger hit dropping 4 percent to fall back below $170 before a slight recovery back to it. The recent news of possible CFTC contracts approval has been forgotten and there was no push to new highs for ETH which may well drop back to support around $160 again.
The top ten is all red during Asian trading this morning, as to be expected after a major hack. The losses, however, are no greater than normal market action which has been going through the same cycles of green and red for the past month. As expected, Binance Coin lost the most falling below $20 for the first time in three weeks. BNB has since recovered a little but further losses are likely if the exchange needs to use this to cover losses.
Bitcoin Cash, Litecoin and Stellar have dropped around 3-4 percent each and Tron flipped Cardano temporarily being the only coin in the green. TRX has gained 2 percent on the declaration that Justin Sun would donate the lost funds back to Binance in USDT to buy more TRX or BTT on the exchange.
The top ten is also all red with Cosmos getting trounced 9 percent today. Tezos has also taken a big dive with loss of 8 percent and Monero and Dash are ditching over 4 percent each. An altcoin pullback has been expected so this is no surprise to anyone today.
FOMO: ABBC Coin Still Cranking
The top performing top one hundred altcoin is ABBC yet again. Another 44 percent spike has taken this token to $0.316 and the only thing driving it appears to be a listing on BitMax;

We are pleased to announce our listing in and withdrawal open on 10:00, May 13 (GMT+8).Trading will start on 21:00, May 14 (GMT+8). For more information please click the link #abbccoin
— ABBC Foundation (@abbcfoundation) May 7, 2019

An obscure entry by something called Japan Content Token may be spurious but Coinmarketcap is claiming that JCT has spiked 50 percent to jump into 69th place in the charts. TrueChain is the third altcoin in double digits adding 12 percent today.
Cosmos is the biggest loser at the moment and the only one dumping doubles. Newton and Ark are not far behind with over 8 percent lost on the day.
Total market capitalization 24 hours,
Total crypto market capitalization has fallen back off its 2019 high yesterday to around $185 billion. The $4 billion dump is likely related to Binance but is no greater than any other market movement seen over the past few months and a recovery has already started. Bitcoin’s dominance continues to strengthen and is now at a new 2019 high of 56.3 percent.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: No Major Selloff in Wake of Binance Hack appeared first on NewsBTC.
Source: New