Cardano [ADA] Defeated TRON [TRX] To Capture 10th Spot with Bullish Run

Cardano (ADA) is all set to enjoy crypto party this weekend as it surpassed the 10th largest crypto, TRON (TRX) today. At the moment, ADA hits bullish market cap with almost 8 percent growth and counts as the 10th largest cryptocurrency.
According to data from Coinmarketcap, ADA sits comfortably as the 10th largest cryptocurrency with the growth of 7.72 percent within a couple of hours. With this, it defeated TRON (TRX) from its position and trading with the value $0.05 against US Dollar. 
Moreover, ADA cryptocurrency held a brief surge in average trading as compared to TRX’s market cap. Consequently, former stands with $1,526,387,124 trading volume while latter with $1,526,387,124.
Image source – coinmarketcap
One specific reason that spiked the price of ADA is what curious many of us. Well, many speculate that the latest release of an upgrade to Cardano has quickly influenced its value. Consequently, ADA’s bull flag is a result of Carano 1.5 upgrade released on Cardano mainnet. As officially announced ‘ it is a milestone’ which had excited many crypto enthusiasts to find the figure as to how well ADA will go further.
Today we release Cardano 1.5 on the Cardano mainnet. The Cardano 1.5 release is a milestone because it is the last major Cardano release of the Byron development phase, which we have been in since the launch of mainnet.
Moreover, Cardano’s twitter account released yet another update that says about Cardano 1.5.1 upgrade. As per the announcement, this upgrade is to fix two issues – and not as major as Cardno 1.5 is. As Coingape reported; Cardano 1.5.1 will solve data migration issue and an issue causing log rotation for the frontend logs not to work.
Furthermore, the official announcement goes as follows;

IOHK has released Cardano 1.5.1 on the Cardano mainnet. The Cardano 1.5.1 release is a small update which fixes two issues. The update will be delivered via a prompt in Daedalus to all users shortly. To read more, click here: https://t.co/Fk3HZr4Aea
— Cardano Foundation (@CardanoStiftung) March 22, 2019

Speaking of volumes, ADA is already walking at upside move and took over TRX. Given that, do you think ADA will surge further to capture the 9th spot where Tether (USDT) is standing at present? Share your views
The post Cardano [ADA] Defeated TRON [TRX] To Capture 10th Spot with Bullish Run appeared first on Coingape.
Source: CoinGape

Crypto Ratings: China Prefers Smart Contract Platforms, Bitcoin Downgraded

The Centre for Information and Industry Development in China (CCID) has updated its monthly crypto project rankings. Following the update the top three spots on the list of most promising public blockchain-based assets are compromised of the Ethereum network (ETH), Tron (TRX), and EOS, whilst Bitcoin (BTC) fell on the list.
CCID looked at a total of 35 different projects in the digital asset space. The evaluation comprised of three components – basic tech, applicability, and creativity.
China More Excited by Smart Contracts Than BTC
The latest Chinese CCID crypto ratings are in and it is clear that the Chinese government body is optimistic about platforms supporting the creation of decentralisation applications. The newly published ratings have smart contract platforms Tron and EOS topping the list of 35 crypto projects.
Interestingly, Tron only made its debut on the list of projects deemed worthy of rating by the CCID last month. It has quickly managed to replace Ethereum as the project the agency is second most optimistic about. It failed to displace EOS, however, which has been rated the most promising project month-in, month-out since last June.
The CCID ratings are awarded based on three criteria: basic tech, applicability, and creativity.
Scoring highly in the basic tech department was EOS, Tron, Bitshares, Stem, and Gxchain. According to a translation taken from Bitcoin.com, the CCID did give mention Ethereum and its recent Constantinople upgrade. However, the performance-enhancements made to the Ethereum network were not enough to take ETH into contention for best crypto by basic tech:
“Since the Constantinople upgrade, the efficiency of the Ethereum network has improved, and the Ethereum basic technology index has also risen from the 9th [place] to the 6th.”
This basic tech assessment accounts for 64 percent of the total score of a project.
In terms of “applicability”, the CCID stated that this score was based on “the comprehensive level of public chain support for practical applications”. It comprises of 20 percent of the total score for crypto projects.
Here, the CCID’s five hottest crypto projects are: Ethereum, NEO, Tron, Nebulas, and Ontology.
Finally, the digital assets evaluated by the CCID were assessed by their creativity. This score accounts for 16 percent of the total awarded. The CCID explained this part of the ratings system as referring to the amount of “continuous innovation in the public chain”. The five projects deemed to be the most important in this regard are Bitcoin, Ethereum, EOS, Litecoin, and Lisk.
Evidently, the CCID researchers behind the latest crypto ratings update are less enamoured with straight-up digital currency offerings than they are with smart contract platforms. Bitcoin dropped from thirteenth position two months previous, down to fifteenth. Meanwhile, Bitcoin Cash also fell from to outside of the top 30 projects.
 
Related Reading: Weiss Publish Their First Cryptocurrency Ratings
Featured Image from Shutterstock.
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Crypto Market Rebound Facing Hurdles: Bitcoin Cash, EOS, BNB, TRX Price Analysis

The total crypto market cap failed near the $136.0B resistance and declined sharply.
EOS price broke the $3.70 support and tested the $3.62 support area.
Binance Coin (BNB) is down more than 4% and settled below the $15.00 support level.
Bitcoin cash price is correcting lower and it may test the $150 support zone.
Tron (TRX) price is stable and still holding the key $0.0220 support level.

The crypto market could turned red and facing a lot of hurdles, with bearish moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, ripple, EOS, TRX and ADA are likely to extend losses.
Bitcoin Cash Price Analysis
Bitcoin cash price started a downside correction after testing the $165 resistance against the US Dollar. The BCH/USD pair traded below the $160 and $155 support levels. It even tested the $150 support level and it is currently consolidating losses.
An immediate support is at $150, below which the price may trade towards the $140 support level. On the upside, the previous supports near the $155 and $160 levels are likely to act as barriers for buyers.
EOS, Tron (TRX) and BNB Price Analysis
EOS price started a downside move after it failed to break the $3.80 resistance. There was a steady decline below the $3.75 and $3.70 support levels. The price even broke the $3.65 support and traded close the $3.60 support. It is currently trading near $3.65, with many hurdles on the upside near $3.70.
Tron price was stable and decline was limited below $0.0230. TRX price is still trading above the $0.0220 support, which is a positive sign. However, the price must settle above $0.0230 and $0.0235 to move into a positive zone.
Binance coin (BNB) started a major downside correction from well above the $15.50 level. BNB price broke the $15.00 support and the price is now down more than 4%. An immediate support is at $14.50, below which the price may trade towards the $14.05 support. On the upside, the $15.00 level is likely to prevent gains in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was another rejection near the $136.0B resistance level. As a result, there was a sharp drop below the $135.0B level and a connecting bullish trend line on the same chart. The market cap even settled below the $133.5B support and the 100 hourly simple moving average. It tested the $130.0B support and later bounced back above $132.0B. However, there are many hurdles for more gains near the $132.8B and $133.50B levels. Therefore, upsides are likely to remain capped in bitcoin, ETH, tron, litecoin, EOS, ripple, cardano, XLM, ICX, BCH, XMR and other altcoins in the near term.
The post Crypto Market Rebound Facing Hurdles: Bitcoin Cash, EOS, BNB, TRX Price Analysis appeared first on NewsBTC.
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Tron [TRX/USD] Price Analysis: Bearish future predicted as coin price holds steady

Bitcoin’s [BTC] breach of the elusive $4,000 mark was expected to give a boost to the rest of the cryptocurrency market. However, it only resulted in a few, sporadic bullish rises within the spectrum. Coins like XRP and Tron [TRX] suffered under the weight of the bear, as the prolonged downturn refused to reverse itself.
1-hour
Source: TradingView
The one-hour chart for Tron [TRX] displayed a slight uptrend, causing the price to increase from $0.0223 to $0.0229. The support held strong at $0.0223, while the resistance was at $0.0239.
The Parabolic SAR was above the price candles, suggesting that Tron was going through a bearish phase.
The Bollinger Bands were moving parallelly, due to the price candles fluctuating consistently between fixed points. This suggested a lack of volatility in the coin market.
The Chaikin Money Flow indicator crashed towards the bottom of the graph, a sign of the capital leaving the market being more than the capital coming into the market.
1-day
Source: TradingView
Tron’s one-day chart painted a similar picture to that of the one-hour chart, with an uptrend lifting the price from $0.013 to $0.023. The long-term support was set at $0.0116.
The Relative Strength Index flattened in the middle of the graph, signifying the equilibrium between the buying and selling pressure.
The Awesome Oscillator was in a lull due to the reduced market momentum in the Tron ecosystem.
The MACD indicator showed the signal line and the MACD line moving in a conjoined manner, while the histogram was largely painted red.
Conclusion
All the above-mentioned indicators suggested that despite Tron’s uptrends, chances of the price shooting up were low, owing to the lack of market momentum.
The post Tron [TRX/USD] Price Analysis: Bearish future predicted as coin price holds steady appeared first on AMBCrypto.
Source: AMB Crypto

TRON – Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs

TRON (TRX) keeps on rolling with the newest adoption across various trading platforms. Announced on March 19, ADAX, Dubai based digital asset exchange-listed TRX against three trading pairs – namely, USDT, BTC, and ETH.
Powered by Arabtizor Holding Inc., as an online portal, ADAX or Arab Digital Asset Exchange is an online crypto exchange in the Arab world. The exchange supports minimum cryptocurrencies on its platform – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEO (NEO), XRP, Qtum (QTUM) and Ethereum Classic (ETC). Per the recent announcement, ADAX users can now access to 10th largest cryptocurrency, TRX with pairs of USDT, BTC, and ETH.

We are delighted to announce $TRX @Tronfoundation @TRON_AR as one of the leading digital assets listed over ADAX Bitcoin Exchange against 3 pairs: TRX/USDT, TRX/BTC and TRX/ETH pic.twitter.com/Sz4g73s1n9
— ADAX (@ADAXarabia) March 19, 2019

Justin Sun’s TRX is on the booming era of adoption – as such, Coingape recently reported ABCC exchange was the latest to add TRX on its platform. Following ABCC partnership with Tron foundation, TRX is now available of ABCC exchange as a base trading currency.

Thank you @CoinGapeMedia for covering the latest developments in the ABCC and @Tronfoundation partnership! #TRX has been added as a base trading currency, with more TRON projects expected to come onboard ABCC! Read the article for morehttps://t.co/YfR4BnMyZb
— ABCC Exchange (@ABCC_Exchange) March 19, 2019

With the continuous listing announcement by platforms like ABCC, ADAX and NovaDAX South American exchange, TRX at the moment sits at the 10th spot, gaining 0.26 percent over the past 24 hours. As such the value of one TRX crypto counts  $0.02 and the average market cap valued $1,534,562,066.
                              Image source – coinmarketcap.com
So readers, what do you think of TRX being listed on ADAX exchange? share your thoughts with us. 
The post TRON – Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs appeared first on Coingape.
Source: CoinGape

Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Coinspeaker
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed
The ICE’s Data Services will provide real-time and historical data for all the newly added crypto tokens.
Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support.
Litecoin (LTC) price moved below the $60 support and it could extend the downside correction.
Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support.
Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220.
Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area.

The crypto market cap is currently at a risk of a downside break. Bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA could decline heavily if sellers gain control.
Bitcoin Cash Price Analysis
Recently, bitcoin cash price started a downside correction after it failed to clear the $165 resistance against the US Dollar. The BCH/USD pair corrected lower and broke the $160 support recently. The current price action suggests that the price may move further lower towards the $155 support level.
The main support is near the $150 level, where buyers are likely to emerge. On the upside, an initial resistance is at $160 and $162, above which the price is likely to clear the $165 resistance in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price climbed to a new monthly high recently and traded above the $60 level. Later, LTC price started a downside correction and traded below. It seems like there could be more downside and the price may test the $58 or $56 support level. On the upside, the key resistances are $60 and $62.
Tron price remained under a lot of pressure and it recently failed to hold the $0.0230 support level. TRX price is now trading well below $0.0230 and it could continue to move down towards the $0.0220 support level.
Cardano price gained bullish momentum this week and broke the $0.0500 and $0.0510 resistance levels. ADA price is currently up more than 3% and it seems like it could surpass the $0.0520 and $0.0525 resistance levels to move further into the positive zone.

Looking at the total cryptocurrency market cap hourly chart, there were a couple of rejections near the $136.0B and $137.0B levels. The market cap moved down recently and it is currently trading near a crucial support at $133.2B. If there is a downside break, the market cap could decline towards the $132.0B or $130.0B support levels. In the mentioned scenario, there are chances of a downside extension towards the key $125.0B support. On the other hand, an upside break above $135.0B may spark bullish moves in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins.
The post Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis appeared first on NewsBTC.
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Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap corrected lower recently and tested the $132.0B support area.
Bitcoin cash price started a downside correction after testing the $165 resistance.
EOS price is slowly moving lower towards the $3.70 support level.
Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances.
Tron (TRX) is currently flat near the $0.0230 support level.

The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX) remain supported on dips.
Bitcoin Cash Price Analysis
Bitcoin cash price climbed higher recently and settled above the $150 and $160 resistances against the US Dollar. The BCH/USD pair tested the $165 resistance and later started a downside correction. The price tested the $162 level and it seems like it could test the $160 support in the near term.
If there is a downside break below the $160 support, the price may decline towards the $150 swing support. On the upside, the $165 level is a strong resistance, above which the price may test the $170 level.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price failed to stay above the $3.80 pivot level and corrected lower recently. It traded below the $3.78 level and tested the $3.75 support. If there are additional downside, the price could revisit the key $3.70 support level before another increase.
Stellar price was one of the best performers as it gained traction above the $0.1110 resistance level. XLM price broke the $0.1120 and $0.1140 resistance levels to move into a positive zone. It is currently up around 4% and it may continue to climb towards the $0.1160 and $0.1180 levels.
Tron price extended range moves below the $0.0240 resistance level. TRX price recovered recently and moved above the $0.0230 level. At the moment, it is trading in a tight range, with an immediate resistance at $0.0232. The main resistances are near the $0.0235 and $0.0240 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a downside correction from the $137.0B swing high. The market cap declined below the $135.0B support level. However, the $132.0B support and the 100 hourly simple moving average acted as strong supports. Besides, there is a key connecting bullish trend line in place with current support at $133.0B on the same chart.
If there is a downside break below $133.0B and $132.0B, the crypto market could gain bearish momentum. On the upside, a break above the $135.0B and $137.0B resistance levels is must for a fresh upward move in bitcoin, Ethereum, EOS, ripple, LTC, bitcoin cash, XLM, TRX, and other altcoins in the near term.
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Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]: A hindsight view of the prices from all-time highs

The bull run of cryptocurrencies ended as 2017 came to an end. The coins that had pumped by massive amounts eventually plunged due to a market correction, which was the beginning of the bear market.
The bear run has taken its toll on the users and companies that were launched during the bull run. Several companies shut down, while others like Bitmain are struggling to stay afloat. The bear market also showed the true nature of certain altcoins as they plunged.
Bitcoin, the poster child for all cryptocurrencies, collapsed by a massive 81% from its all-time high, at press time. However, other altcoins weren’t so fortunate as they plunged by more than 81%.
A Twitter user, @CharlieBilello, tweeted:

Crypto, % Below all-time high…BitConnect: -100%Qtum: -98%NEM: -98%ICON: -97%Bitcoin Gold: -97%Bitcoin Cash: -97%Cardano: -96%Lisk: -96%NEO: -95%IOTA: -95%Dash: -94%zCash: -94%TRON: -92%XRP: -92%Ethereum: -91%Monero: -89%Litecoin: -84%EOS: -83%Bitcoin: -80%
— Charlie Bilello (@charliebilello) March 17, 2019

From the list above, it can be seen that the second largest cryptocurrency, Ethereum [ETH], collapsed by a massive 91%, while the third largest coin, XRP, dropped by 92%.
Other cryptocurrencies like BitConnect were subject to lawsuits and termed as Ponzi Schemes by Texas State Securities Board.
Bitcoin Cash faced the same fate as it underwent a hard fork due to a disagreement between Roger Ver and Calvin Ayre. After the fork, both the cryptos, BCH and Bitcoin SV, suffered, but BCH trumped BSV in terms of price.
The Tron ecosystem has faced a lot of developments in recent times, but dropped by 92% since its all-time high. Some users in the community believe that the bear market would wash out the weak projects so that the ones that are truly devoted to cryptocurrencies remain.
The next bull run is awaited by the community and some users speculate that the prices would shatter the previous highs in the upcoming bull rally.
@jposhaughnessy, a Twitter user, commented:
“I fear BitConnect is going to have a hard time coming back from this.”
Another Twitter user, @FVNate, commented:
“It’s deep value, Jim! The price/book ratio tells you everything.
(I seriously heard someone present the P/B ratio for crypto.)”
The post Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC]: A hindsight view of the prices from all-time highs appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Weekly Report: Justin Sun-led company reveals DApp numbers and BTT airdrop statistics

Tron [TRX] and Justin Sun, the Chief Executive Officer [CEO] of the Tron Foundation, capture headlines regularly due to the sheer number of developments in the roster. This was made clear by Tron’s latest weekly report, which touched on the happenings within the Tron spectrum.
Tron announced that it had designed the deferred transaction model, and finished the update on the solidity compiler version. The company also revealed that a wallet feature for anonymous transactions was being developed, along with sidechain infrastructure for smart contracts.
The weekly report did not fail to talk about BitTorrent, one of Tron’s biggest acquisitions. The report stated,
“BTT is now listed on 35 exchanges including Binance, OKEx, Bittrex and Huobi. Other exchanges included Coinsport, BitForex, Changelly and Bitpie.”
Tron further talked about the second Tron airdrop which oversaw the distribution of 990,000,000 BTT, in less than 3 hours. One of Tron’s main forte is the Tron Developer Community and in terms of TronGrid, the API layer reported that the TrongGrid JS testing was successfully completed.
Data architecture layer resolved database deadlock and overwrite, and implemented read API for accounts/assets. The Block parser layer performed an integration test for accounts and assets, while the data output from the new event plugin was investigated.
Tron was also in the news recently when a DApp review stated that on 16 March, the transaction volume for Tron was more than that of Ethereum and EOS combined. The tweet read,
“As we forcasted on yesterday’s tweet, #TRON volume txn surpass $100 million on Mar 16, namely 5 times more than the sum of #ETH and #EOS.”
Tron posted $102.685 million worth of transactions, while EOS and Ethereum combined held a total volume of $19.601 million. Post the revelation, users in the community expressed their joy, with one Twitter user commenting,
“Often true fundamental value for an asset is not realised until some time later…. $trx should be worth a lot more than what it is at the moment but in due time I think it will re-rate.”
The post Tron [TRX] Weekly Report: Justin Sun-led company reveals DApp numbers and BTT airdrop statistics appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market In Clear Uptrend: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap rallied recently and broke the key $130.0B resistance area.
EOS price broke the key $3.65 and $3.70 resistance levels and tested $3.80.
Bitcoin cash price rallied more than 10% and broke the $150 and $160 barriers.
Tron (TRX) price is slowly moving higher and it could break the $0.0240 resistance level.
Cardano (ADA) price cleared the $0.0500 resistance to move into a positive zone.

The crypto market broke key resistances to move into an uptrend. Bitcoin (BTC), Ethereum (ETH), EOS, bitcoin cash (BCH), ripple, tron (TRX), ADA and other altcoins are trading with bullish moves.
Bitcoin Cash Price Analysis
In the past few sessions, bitcoin cash price performed really well and broke the $140 and $150 resistances against the US Dollar. The BCH/USD pair even broke the $160 barrier and traded to a new monthly high above $165. At the moment, the price is consolidating gains below the $168 and $170 resistance levels.
If there is a downside correction, the $162 and $160 levels are likely to act as solid supports in the near term. On the upside, a break above the $170 level might call for a push towards the $180 level.
EOS, Tron (TRX) and ADA Price Analysis
EOS price slowly climbed above the $3.65 and $3.70 resistance levels. The price even broke the $3.75 level and it is likely to clear the $3.80 resistance in the near term. The next key resistance is at $3.85, above which the price may rally towards the $4.00 barrier.
Tron price managed to stay above the $0.0220 support and it recently corrected higher. TRX price climbed above the $0.0230 resistance and it may continue to rise towards the $0.0240 resistance area, which is a major hurdle for buyers.
Cardano price remained in the bullish zone above the $0.0400 support. ADA price recently broke the $0.0460 and $0.0500 resistance levels to register decent gains. It may continue to climb towards the $0.0520 resistance level in the upcoming hours.

Looking at the total cryptocurrency market cap hourly chart, there was a solid upward move above the $130.0B and $132.0B resistance levels. The market cap even broke the $135.0B resistance and traded towards the $137.0B level. Later, there was a downside correction, but the $132.0B level acted as a support. It bounced back and traded above the $134.0B level. In the short term, there could be a downside correction, but the $132.0B and $130.0B levels are likely to act as solid supports. On the upside, the main resistance levels are near $137.0B and $140.0B. Overall, there are high chances of more upsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins in the coming sessions.
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Tron [TRX], the new quote currency on ABCC exchange; trading pairs to be live on 18th March

ABCC Exchange announced the addition of TRX as a new quote currency on the platform. The latest development unfolded two months after Tron’s collaboration with ABCC. The digital asset exchange platform also revealed the listing of the TRX token pairs on its platform. The blog stated:
“The latest Tron [TRX] brings about the listing of BTT/TRX, IGG/TRX, SEED/TRX, TERC/TRX, and VENA/TRX.”
Following the addition of Tron’s native token, TRX on ABCC, Tron’s Founder and CEO, Justin Sun tweeted,
“We are excited to see @abcc_exchange adding #TRX as basic trading pair on Monday! Write them what you want to list on #ABCC.”
The ABCC team further announced the launch of an unspecified campaign to celebrate the TRX trading pair on the exchange’s platform. ABCC, whose native token is AT and has Basic and ABCC Pro incorporated to its trading platform.
The exchange platform has a user base of over 120 countries and communities and had partnered with Tron in January 2019. This marked ABCC as the first crypto trading exchange to list tokens based on Tron’s TRC10 technical standards.
According to the Tron developer’s network, the technical token standard, TRC-20 is supported by Tron’s blockchain natively and is used for implementing tokens with the Tron Virtual Machine [TVM]. TRC-20 is fully compatible with ERC-20.
Additionally, the Tron community also gained traction after recording $31 million in user spending on its DApps. The Tron network surpassed 2 million mainnet user accounts.
In the first week of March, Tron registered a transaction amount greater than that spent on EOS and Ethereum DApps combined, accounting for a staggering $46 million. The amount spent on EOS and Ethereum DApps stood at $11 million and $2 million, respectively. Last week, two new DApp games on the Tron blockchain BlockchainCutie and Chibi Fighters were leading in a report by Crypto Gamers-egamers.io.
At press time, Tron’s native token TRX, the tenth-largest crypto asset by market cap was priced at $0.023 and recorded a trading volume of $178.9 million in the past 24-hours. TRX held a market cap of $1.57 billion and exhibited a major bull run.
The post Tron [TRX], the new quote currency on ABCC exchange; trading pairs to be live on 18th March appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] Price Analysis: Bulls prove their mettle as bears fail to breach vanguard

The market saw the bulls take charge as the bears bid a temporary goodbye to the cryptocurrency market. Tron [TRX], the tenth largest coin in the cryptocurrency market in terms of market cap, successfully managed to progress with the help of the bulls.
At press time, TRX was valued at $0.0235 with a market cap of $1.57 billion. The token noted a 24-hour trading volume of $174 million, and observed a growth of 4.01% over the day. Over the past week, the coin surged by 4.33%, and at press time, was noting a growth of 0.16%.
1-hour
Source: TradingView
The one-hour chart for the token noted a downtrend from $0.0228 to $0.0221, followed by a gradual uptrend from $0.0233 to $0.0239. The token marked resistance at $0.0239, and support at $0.0223.
Bollinger Bands pointed towards a bullish market as the moving average line was under the candlesticks. However, the bands were wide apart from each other, indicating a highly volatile market.
Awesome Oscillator indicated strong bullish momentum.
Chaikin Money Flow shot above the zero-mark and supported a bullish market.
1-day
Source: TradingView
The one-day chart for TRX marked a downtrend from $0.0182 to $0.0119, followed by an uptrend from $0.0132 to $0.0226. The token drew resistance at $0.0294, and support at $0.0215.
Parabolic SAR marked a bullish trend for the coin as the markers were aligned under the candlesticks.
MACD line was over the signal line and supported a bullish reign.
Relative Strength Index indicated that the buying and selling pressures had evened each other out.
Conclusion
According to the indicators on the one-day and one-hour chat, a bullish market was projected. However, looking at previous trends, the bears’s re-entry into the market was not unlikely.
The post Tron [TRX] Price Analysis: Bulls prove their mettle as bears fail to breach vanguard appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] DApp Weekly Report: DApp users favor gambling, high-risk ROI

Tron [TRX], the tenth largest coin on CoinMarketCap, was on a bull ride after the market turned green. The market performance of the token fell in line with the performance of Tron DApps as users spent $31 million on DApps in a single day. The weekly update on DApps was recently released, informing users about the developments in the Tron ecosystem.
The report suggested that among all the DApps on Tron, gambling DApps and high-risk ROI DApps were the most active. Contrarily, collectible games, PVP battling games, puzzle games, board games, and card games managed to survive for only a short period of time
The Foundation observed that new DApps on Tron were high-risk ROI DApps, and the market favored gambling apps and the ROI Apps, a high-risk application. However, the report noted that gambling applications were failing to excite users because of their redundancy, playing a major role in users choosing high-risk ROI applications.
The DApps market was on a path of recovery and reflected a significant increase in the number of users and trading volume. The daily average trading volume of the coin was noted to be over $17 million in the past seven days, resulting in it becoming the public chain with the largest trading volume in the DApp ecosystem.
Tron DApps overtook EOS and ETH in terms of trading volume. According to reports, Tron’s account numbers crossed 2 million last week and the growth exceeded that of EOS and ETH. This suggested that many DApps were choosing Tron over its other competitors as their first public chain.
Tron [TRX], at press time, was valued at $0.0235 with a market cap of $1.57 billion. The token noted a 24-hour trading volume of $174 million, while noting a growth of 4.01% over the past day. Over the week, the token reported a growth of 4.32%, and it continued to rise by 0.16% within the past hour, at press time.
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Source: AMB Crypto