TronWeekly

Crypto World News

You are here: Home / Search for "US"

Search Results for: US

Why you should follow Tron (TRX)-based Intergalactic Gaming this week

by

Tron is among a few blockchain projects that aim to take internet games to the next level, whereas, online gaming has been growing immensely for years. When you use games like FIFA or Minecraft to play online, you’re not playing against your own computer or console anymore, but against many other aficionados.

And in most of these platforms reward players with tokens, exotic items and many other things depending on how well they play the game or how much time they spend playing it. The gaming industry has created a gaming economy, in every sense of the word. You can sell or buy the most expensive items in places like eBay. Yet, nobody has tried to bring this whole new economy together into a single platform (and make no mistake, this is a real economy).

That’s when Intergalactic Gaming comes in. It’s a blockchain platform that runs over Tron‘s Main Net that aims to digitalize and tokenize the aforementioned competitive gaming economy. The project includes a token called Intergalactic Gold (IGG) which is also based on Tron’s token technology (TR-20). The point of the token is for gamers to exchange value and increase interactions (for instance, not to use eBay or other third-parties to trade in valuable items).

IGG’s initial ICO happened on Tronscan last August 3rd. The basic ideas you need to understand is that the total supply will be of 50 billion which is a number designed to guarantee scarcity (thus, value) and liquidity at the same time.

This tension between the two things will be what will make the token’s value, according to the laws of supply and demand. That basic economics, combined with real-world use cases will promote the token’s adoption and make it worth ‘hodling.’

That is not as weird as it sounds if you take into account that more than 2.2 billion people play online games all over the world. Even sports tv companies such as ESPN are starting to cover e-sporting events.

Among those who could find the IGG token useful are: professional gamers, brands, teams, gamers, and the gaming industry which is always trying to find new ways to make new and old gamers interested in current and new games.

The initial offering was of 10 billion, not including community rewards and airdrops. The rest of the currency will be frozen for three months at least.

Tron and Intergalactic are a match made in heaven because they both share the great ambition to bring blockchain technology into the “ordinary” uses most people give to the internet (through either web or game decentralization, respectively), young leadership and a young vision.

https://twitter.com/Official_IGG/status/1064128139285184513

The current week will be transcendental for Intergalactic, the company, and IGG, the token.

First of all, Intergalactic will be launching its candidacy to become a Tron Super Representative, which it could achieve if it can gather enough votes from its gaming users. If it should win a spot, their voice and vote would become very relevant within the Tron community.

Second, a move to Manchester has been on the works for some time now. Next week the new Intergalactic’s Manchester office will open for business.

Third, the next airdrop will happen between November 23th and 25th.

There’s still some skepticism about the IGG token. Some observers consider it to be too specialized and are distrustful of real use cases. These observers clearly don’t play online games at all. But in the worst case scenario, you can always exchange your IGG coins for TRX. It’s too early to asses if IGG will be a success. But it’s also too early to think it will fail for sure.

Image courtesy of Kanenori/PixaBay

Tron begins to decouple from Bitcoin as DEX records massive success

by

Tron has reached significant milestones this year, and it is safe to say that it is one of the best performing cryptocurrencies in the space today. In the bid to produce a decentralized platform for its community and investors, Tron released its decentralized exchange that takes care and is in charge of TRX tokens.

It is important to note that Tron’s new decentralized exchange (DEX) can now be seen on Tronscan.org and it connects the TRX wallets of every Tron user. Without no doubts, Tron’s new decentralized network has been making waves ever since it got created by Tron (and it’s not even a week old).

The CEO of Tron, Justin Sun announced that the activities on the new exchange have reached 184.5 million in 24 hours and have doubled every day for five days now. Sun tweeted,

The Tron community tend to have a close watch on the recent developments of Tron always, and they haven’t failed to laud the recent stride that has been achieved by the blockchain firm.

Innitially, it was the immediate heads-up by a Tron community member, Matthew Fetzer, that made the news go wide. He said this on his official Twitter page:

Via further research on Tronscan, we found that 11 trading pairs have been listed against TRX with a high number of TRX volume. dice/TRX:254766; ton/TRX:13,064,206; IGG/TRX:108,040,298;WIN/TRX: 41,362,464; CryptoDivaFund/TRX: 12,354,407; TWX/TRX: 3,927,236; TRONEuropeRewardCoin/TRX: 3,123,122; TronWatchMarket/TRX: 1,134,375; SEED/TRX: 1,353,140; CryptoChain/TRX: 10,755; CryptoGuyinZA/TRX: 6,292. The total TRX volume is 184,631,061 to be specific.

TRX is Decoupling from Bitcoin

Tron’s recent stride has become prominent not just among its community but among all the crypto-enthusiasts. As a result of the recent decentralized exchange, Tron is becoming a cryptocurrency that will not be affected by Bitcoin (Ripple’s XRP is becoming the same too).

Although the Tron’s detachment from Bitcoin will not happen overnight and that is because it has been widely, and as like any other coin, TRX is pledged against BTC on most of the exchanges.

Even though Tron’s exchange (DEX) is becoming more and more popular still lots of Tron users and investors are trading via major crypto exchanges such as Binance. This implies that if such investors get their investment or funds from Binance then, the Tron’s platform will surely thrive.

Nevertheless, Tron also has another decentralized exchange known as Tron Watch Market, and it aims to be the best of its kind in the market. Subsequently, the demo version of Tron Watch Market has been unveiled. Tron made it known that when the exchange gets-up at full, the trade of Tron tokens will be available in a secured manner.

TRX Price Overview

At the time of writing, as is the case with all major cryptos (excluding XRP), TRX is in the red, valued at $0.0187, and down by 1.95% in the last 24 hours. The price of TRX has been greatly affected and dropped by almost 15% after the occurrence of the Bitcoin fork that took place a few days ago. The cryptocurrency sits at $1,232,706,283 market cap.

Image courtesy of NeuPaddy/Pixabay

Fidelity’s Entry Into The Cryptocurrency Space Is a Good Thing, Says Bitcoin [BTC] Bull

by

In a recent interview, Michael Novogratz, the Chief Executive Officer and Founder of Galaxy Digital, spoke about institutional investors and how the entry of Fidelity into the cryptocurrency space will change the game. The Galaxy Digital official’s comments comes in the wake of Fidelity starting its cryptocurrency custody solution.

Speaking to Bloomberg, Novogratz stated that Fidelity is filling in a much-required space in the cryptoverse, a market which has still not managed to lure in institutional investors. He said that the launch of custody solutions will get more people involved in cryptocurrencies and Fidelity basically has a “check mark on their list of goals”. The CEO went on to say:

“The entry of Fidelity gives a lot of confidence to new investors during a time when the space requires proper involvement.”

Novogratz also added that cryptocurrencies such as Bitcoin [BTC] are bare instruments, saying “they are gone if anyone takes it and there is nothing anyone can do about it”. He focused on this point by citing the example of JP Morgan and the confidence it instills in investors. The crypto bull further stated that the launch of Fidelity custody services is a good start to make existing as well as potential customers more comfortable. He said:

“Custody services are important because it opens up a gateway for more players to enter the market. With the launch of Bakkt and the entry of Goldman Sachs and BitGO, the cryptocurrency space will only be more enriched and accessible to the masses.”

Novogratz also claimed that consultants can now say that cryptocurrencies are a safe asset class backed by popular organizations. Fidelity had created ripples in the market when they had announced their venture into the cryptosphere. Tom Jessup, Head of Fidelity Digital Assets had stated:

“In our conversations with institutions, they tell us that in order to engage with digital assets in a meaningful way, they need a trusted platform provider to enter this space. These institutions require a sophisticated level of service and security, equal to the experience they’re used to when trading stocks or bonds.”

Bitcoin Part 3: The Future for Taxes & Profit

by

The Romans in their Decadence by Thomas Couture 1847. Displayed a year before the French Revolution

Most people don’t want freedom, they just want comfort, and that’s ok.

They don’t have time for it. They are just trying to do the best they can in this world with the circumstances they were given, and have a few more good times than bad.

Nothing wrong with that for the 3.75 billion people on the planet who make less than US$10,000 a year.

That is over half the world who are just trying to reach the third tier of Maslow’s hierarchy of needs pyramid where they have shelter, food, and their family is safe from violence.

As they grind through each day on this globally connected planet, they keep glancing at their phones, seeing how the other half is living in the fantasy world portrayed on social (not really social, healthy, or reality) media.

Over half the world wants to get to the other side where a day is measured in hashtags instead of how many meals they missed or how many family members they buried.

They likely never will.

But if the price for a shot at living the life they see on their phones is their freedom, they’ll pay it.

It is not fair, but then neither is life. Life is just real and uncaring.

Only 527 million people, 7% of the world, will reach the vaunted height of Maslow’s fourth tier, where people think their feelings are important.

They start to realize the truth behind Nobel Prize Laureate Angus Deaton’s research; people aren’t proportionally happier making more than US$75,000 a year.

Point being, it is understandable the vast majority of people in the world just want to be comfortable.

It is important to overlay this basic human need for comfort on the current worldwide dynamics at play: record levels of sovereign debt, shifting geopolitical powers, and changing generational consumer dynamics.

In the midst of this global maelstrom, the birth of arguably the most powerful technology to ever exist on the planet — blockchain — is currently being born.

Capable of giving governments an eternal, unalterable, and always accessible record of everyone and everything.

Meanwhile, most people are not concerned at all with the breathtaking technological change happening just below the surface of their iPhone as they seek comfort in the dull glow of the screen and click another heart next to someone else’s made up life on Instagram.

The world is hurtling towards absolute financial asset transparency to all governments, and has been on this trajectory for some time.

In the future, governments will have blockchain technology, and most people won’t understand the world has unalterably changed while they weren’t paying attention.

To be clear, this article isn’t about how to change this global trend.

Personally, I don’t even think it is possible.

But since the world is providing the opportunity, I’ll profit from it.

The Present World

It started with the OECD

rad pie

OECD stands for the Organisation for Economic Co-operation and Development. It was established in 1948, and consists of 36 member states today, but their influence financially is felt worldwide.

Together, the OECD countries make up $49.26 trillion of the $80 trillion annual world income, or 61.57%.

The OECD developed the CRS (Common Reporting Standard) in 2014.

The CRS is an automatic exchange of information on bank accounts at a global level between tax jurisdictions.

What started with the OECD, has now spread so that 126 countries have signed onto CRS.

126 countries now agree to share all private bank account information with other foreign tax jurisdictions directly between governments so they can all make sure they are getting maximum tax revenues owed.

2018 was the first year CRS went live. Governments are now mapping all assets in their jurisdictions and sharing with other governments directly.

Banks comply with the governments, or are shut out of operating in those jurisdictions.

Welcome to the future of absolute financial transparency.

Transparency for Taxation

If you have a moment, the 2018 Frank Knight Wealth Report is well worth a read.

rad money on the move

Great interview with historian Niall Ferguson, as well as the graphic above, showing US$200 billion in capital outflow from jurisdictions where CRS went active this year to jurisdictions which are not yet participating (namely US and Taiwan).

This capital flight is temporary. Eventually all assets will be mapped, whether governments move to blockchain first or not.

For Americans, we already have to comply with FACTA (Fair and Accurate Credit Transactions Act) and report all worldwide assets. Eventually, blockchain and cryptocurrencies will fall under this requirement.

Each year, more countries will comply with CRS until most of the capital assets in the world are fully mapped by location.

Blockchain doesn’t change the direction the world is already going, it just speeds up how fast we get to total transparency for taxation.

Combined with this transparency will be the unavoidable problems the world will face in the future.

The IMF is warning of record debt levels by the advanced economies of the world, surpassing even 2009 after the global financial crisis.

The Congressional Budget Office (CBO) is warning that in five years, by 2023, the United States will be at 117% debt to GDP with the trillions in deficits we continue to run.

2023 also happens to be the year which those born after World War II will reach maximum numbers leaving the work force for retirement and start drawing down equity retirement accounts for income.

Real Vision just did a phenomenal presentation on this problem. I’ve watched it three times. Absolutely outstanding.

In the face of these numbers, household debt continues to rise in 80 countries tracked by the IMF.

The chart below shows US treasury bond yield rates and how they invert ahead of recessions along with the timeline and actions I think are possible as bitcoin matures as an asset class.

The timing is who knows but the trajectory is likely. What really sets the timing in motion will be when the 2 YR yield inverts to the 30 YR yield.

rad graph

The Unavoidable Transparent Future

This future is inescapable. Transparency for taxation will happen.

There is no more privacy left in assets except for cash and physical gold/silver, but those each having their own benefits and problems.

By trying to remain private in a transparent world, even legal, lawfully obtained funds, a person stands to lose everything.

Fighting the system will only result in unwanted attention from bureaucrats and potentially federal agents looking to seize assets which without transparency, aren’t provable on how they were obtained.

Some will say that in a transparent world, specifically with blockchain, that privacy cryptocurrencies will flourish as people seek freedom.

Maybe for specific limited circumstances, but that isn’t my focus or interest.

My only concern is exiting positions when the timing is right and continuing wealth accumulation without any hassle or red flags as I shift to the next market cycle and asset class.

At some point all US domestic exchanges will be required to issue a 1099-B, Schedule D, and Form 8949 documenting all trades.

For overseas accounts, most likely Americans will be be required to file FACTA forms and declare trades and holdings on foreign crypto exchanges, just like current foreign bank/investment accounts are treated.

When that happens, likely most exchanges outside the US will just say no US customers as FACTA compliance isn’t a lightly taken task by an institution.

Honestly, I secretly hope the verdict is to go back to 2017, where crypto to crypto is not taxable, only the exit to USD. Would make it considerably easier for all involved — individuals, institutions, and the government would still get their tax revenue on the back end.

Will be interesting to see if institutions lobby the government to that effect once they are fully in the space.

Before institutions can truly enter the asset class in force, the SEC has to declare that the Wild West has been civilized, and is now a place of lawful commerce.

The SEC is starting this process, bringing the full weight of government enforcement to blockchain and the cryptocurrency world.

The timing of this is not an accident with Bakkt scheduled to start trading in a month.

Likely Bakkt will self-certify in a couple weeks, CFTC will clear them for trading, and that’s it, just stand still for the camera flash as the last spike is hammered in the transcontinental railroad and the west is no longer wild.

A railroad and telegraph poles now reach over the horizon, the Yale Endowment Fund can now be assured they aren’t investing alongside human traffickers in crypto, snake oil salesmen aren’t allowed to sell mercury as medicine, and it’s considered impolite to walk around town with your guns uncovered.

For those who want to accumulate wealth with the incredible profit ahead in this asset class, it is a welcome sight seeing the SEC and CFTC standing on the boardwalk with a star pinned to their chest letting the world know the territory is now safe.

For those who instead say this is not the freedom that blockchain or cryptocurrency was supposed to bring, well, sorry.

This is a western, but the Westworld variety, total control and transparency.

How did you think this story was going to end?

I am embracing the transparency early for taxes and profit.

Going fully through the looking glass, to show legal source of funds for buying bitcoin, filing capital gains forms and closing position reports with yearly taxes, so the incredible profits exited with in the near future are unquestionable and easily provable.

I keep screenshots of all my wire transfers from my bank to show the amounts correspond with the funding used to purchase cryptocurrencies in case it is needed when I exit from my positions in the next 5–9 years.

That will give me bank records and 7–11 years of tax returns including 1099-B, Schedule D, and Form 8949 detailing out capital gains, closing position reports, all transparent and proving legal profits.

Some will say this is overkill and unneeded. Maybe, but I measure everything in risk, and the risk associated with not being transparent is far greater.

This isn’t the future I would choose, but the world doesn’t care about what I want, and I don’t need it to teach me that lesson anymore.

None of this is advice, only what I am doing with my own investments.

So I’ll take full transparency, pay the 20% tax on long term gains, and be looking for the next frontier to head to after this one.

Why another frontier? The fun part is the uncertainty.

It lets a person know they are alive when they can still lose. — Radigan

 

SR Rewards – TOP 5

by

In a previous article, The Tron Standard, I talked about the benefits of having a democratic process for running a blockchain network. The conclusion was that it’s the most efficient and self sustaining method, through which all parties involved win and contribute to the development of the ecosystem. In this article I will focus on the community’s benefits for voting Super Representatives.

The battle for a SR position is fierce. New SRs are entering the scene every now and then, and causing turmoil. The 27 positions are occupied by the teams and projects most trusted by the community. However, the rewards granted for voting for a SR, play an important role as well. Thanks to the TronGoodies website, it is easy to see the current rewards.

Current ranking:

1. SesameSeed. It’s no secret that voting for Sesameseed right now grants the biggest rewards. A total of 8.89 SEED for every 100K votes, every 4 cycles means a total of 49 TRX at 1:5.5 conversion rate in Telegram trading channels. However, this big reward does not come without any risks. Without a fully functioning DEX, most of the trades are performed in Telegram trading channels where scams have been on the rise lately. Editing Buy/Sale messages is a known issue that is yet to be fixed. Same goes for trading decimal messages by mistake, and selling SEED for .6 or .7. So even if the SesameSeed voting reward is bigger than most SR’s, an additional involvement from the voters is required if they desire to convert their SEED to TRX, and it’s not risk free.

1*ItDjkcpfT9x

SesameSeed are well known on the Tron Network as being ecosystem builders and DApp funding accelerators. They have a track record of delivering on time, being professional and helping the Tron community.

2. TRONSiliconValley. Voting for TRONSilliconValley with 100K TRX would grant you 25 TRX every 4 cycles, placing TRONSilliconValley on the second place terms of profitability. This SR is currently offering 90% rewards back to its active voters, have a gambling DApp and have launched their token on the network called WIN. The team members wish to remain anonymous.

3. CryptoGirls. Recently CryptoGirls decided to increase their shared rewards to 85%. As a result, they were placed on the third place regarding rewards granted to their voters. Currently, 100K votes for Cryptogirls would grant you 24.83 TRX every 4 cycles. The advantage for voting Cryptogirls is the fact that you get paid automatically in TRX. You can easily check your upcoming reward on their website. CryptoGirls’s future plans focus on developing and sponsoring the development of tools for the community.

1*5sWoY1U50PlG5C waCAczA

CryptoGirls are known for helping several SR candidates run nodes on the Tron Network. They also guided several SRs such as Tronstronics, Tron-Europe, and SR candidates such as CommunityNode, Swisstron and FreeSpaceWIFI to implement and configure the CryptoGirls automatic script to pay voters. They developed personalized versions of their script for token creators such as CityUPTAKE and Tronstronics to distribute TRX tokens instead of TRX to their voters, or to airdrop tokens to the wallets that own that token.

4. Tronstronics. Voting for Tronstronics with 100K TRX would grant you 5.63 TRX every 4 cycles, and additionally, 1000 of their own token called Tarquin. Tarquin is currently sold at about 34 TRX for every 1000 Tarquin. The reason Tronstonics is on the 4’th place in terms of rewards is because Tarquin has a limited number of people interested of trading it. Unlike SEED, it has a reduced liquidity and it doesn’t have a clear use case, but it does have SEED’s trading risks in Telegram channels.

5. TronWalletMe. Voting for TronWallet with 100K TRX would grant you 24.46 TRX every 4 cycles. This SR already has a functioning product, a wallet which you can download from Google Play and Apple Store. The team also has their own token called TWX which will be used on their soon-to-be launched P2P DEX.

1*HwWq sfwIMjaYarCz4nIw

These are the best rewarding 5 SR’s at the moment, which are available on the https://www.tokengoodies.com/ website. Keep in mind that these numbers and rewards are constantly changing, so the numbers in this article might be old news in a few days/weeks/months. Do your own research and vote for the SR which you desire. Sometimes the highest paying SR may not necessarily be the the best choice. It all depends on your perception of them, your values and your objectives.

Stellar Lumens [XLM] Overtakes EOS On The Cryptocurrency Charts; Major Market Volatility Detected

by

Stellar Lumens [XLM] made news today, November 12, when it overtook EOS to become the fifth largest cryptocurrency on the charts. XLM has been on a roll in recent days with its 24-hour price change reaching upwards of 5% and correcting itself by hitting lows of 4.5%. It is clear that the volatility in the XLM markets is very high hence the trading volume is at $113.4 million, which is a whopping 99.51% increase in a 7-day time frame.

The market cap of EOS peaked at $5.21 billion in the same time frame as XLM but has since decreased, bringing the market cap to $4.89 billion.

CoinMarketCap e1542011075303
Source: CoinMarketCap

The prices have increased from $0.2429 to $0.2771 while the market cap settled at $5.36 billion. The price of XLM reached a new high within the 7-day range i.e., $0.2835. The announcement of XLM’s air-drop in partnership with Blockchain company has raised a lot of eyebrows as this could be the biggest air-drop in the crypto-space. As per the announcements, the air-drop in total is worth $125 million.

The trading volume of EOS, which is well above the XLM’s trading volume has seen a decrease of $45 million and is now at $671.2 million, which didn’t seem to affect the price too much.

EOS was also in the spotlight a few weeks back due to the research published by Whiteblock which seems to point out a very disturbing finger at EOS claiming that the EOS is nothing more than a cloud service. The research which was commissioned by ConsenSys to Whiteblock further claims that EOS lacks the most basic feature of the blockchain, “immutability”.

The only respite that the EOS community can find is from the new stablecoin that was launched on the EOS platform called CarbonUSD. The bad news seems to find its way back to EOS as there was a fake app on Google Playstore that claimed to be developed EOS RIO, but the group of EOS developers in Brazil [EOS RIO] gave out a statement saying that the official app is yet to be developed.

Tron Price Analysis

by

The cryptocurrency market opened today, November 9, to almost all the cryptocurrencies seeing red. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] all witnessed a price bleed after a few days of price hikes. At the moment of writing, there was a systematic fall across the cryptocurrency spectrum.

1 hour:

https://ambcrypto.com/wp-content/uploads/2018/11/TRX-1-HR-1.jpg

The Tron one-hour graph shows the cryptocurrency form triangle with the uptrend and downtrend acting as the slopes. The price uptrend saw the price rise from $0.0232 to $0.0247while the downtrend saw Tron falling from $0.0248 to $0.023. The immediate resistance was holding at $0.0248 while the support has been maintaining at $0.0215.

The Parabolic SAR points to the price dropping which is evidenced by the markers being above the candles. This trend has been persistent for more than 24-hours.

The Chaikin Money Flow indicator shows the graph right at the axis, which still puts the cryptocurrency in the bullish zone. The fall from the top of the graph also indicates the money going out of the market due to the change in investor sentiments.

1 day:

https://ambcrypto.com/wp-content/uploads/2018/11/trx-1-day-3.jpg

The Tron one day graph shows the coin suffering an acute downtrend which has bought the price down from $0.0571 to $0.0231. The support for the cryptocurrency has been holding at $0.0182.

The Bollinger band shows the dominant sideways movement as indicated by the strict pipe like formation of the upper band and the lower band. Compared to the earlier breakouts, the currency Bollinger clouds have significantly reduced in size.

The Awesome Oscillator has shown a drastic reduction in the market momentum with the graph almost negligible now. The immediate green markers point to a hike in the momentum.

Conclusion:

The above-mentioned indicators majorly point to the current sideways price movement persisting. The Chaikin Money Flow indicators, on the other hand, shows a positive change in the investor sentiments.

Bitcoin.com’s Roger Ver talks about the upcoming Bitcoin Cash [BCH] hard fork

by

The upcoming November 15 hard fork has been considered as a decisive point for Bitcoin Cash [BCH], with several proponents of the cryptocurrency waiting for the event.

In a recent interview with Crypto trader Ran NeuNer, Roger Ver, the Chief Executive Officer of Bitcoin.com, spoke about the hard fork as well as the conflicts within the Bitcoin Cash system. Ver had also stated recently that he does not really know the impact the hard fork will have on the BCH network but believes in a positive turn. He said:

“Even when the big blockers wound up having basically the majority of the hash rate – they had more than 50% at one point – they were still scared to set a flag date… Like, okay here’s the date we’re gonna mine the bigger block. And because they were all scared to actually take action we wound up where we are.”

During the interview, Roger Ver also said that the reason why there is so much conflict within the BCH system is because of how decentralized the cryptocurrency is. According to him, everyone agrees that Bitcoin Cash should be accepted as cash across all platforms.

Ver even brought in nChain’s Craig Wright, saying that he is his own person and his comments are not going to have any effects on the platform Craig Wright was also in the news recently when he was attacked by Bitmain’s Jihan Wu who called Wright a “Blockstream spy”. Wu had said:

“From the very beginning, I have had a conspiracy theory that CSW is a spy controlled by Blockstream.”

The CEO of Bitcoin.com also pointed out that there were two ideologies in the BCH network, one that wants the 128 MB block size to be implemented as soon as possible while the other party wants it to be launched in May 2019. The discussion between NeuNer and Ver also informed users that the two factions were led by Craig Wright and Calvin Ayre, while the other size was spearheaded by Jihan Wu.

Onward And Upward: Tron Partners NeoWorld

by

If you consistently follow the crypto news, you would agree that Tron is doing all it can to make sure that the cryptocurrency emerges as the best coin. It has entered into several partnerships to ensure it sails to the top. The most significant news today is of a collaboration that it has established with a 3D virtual world company, NeoWorld.

In an official announcement by Tron founder and CEO Justin Sun via his Twitter account, he stated that the Tron foundation had entered a strategic partnership with NeoWorld. New Tron partner represents the first of its kind virtual world atmosphere.

What Tron Expects From The Partnership

NeoWorld involves more like playing the popular game Sims whereby the player has the opportunity to explore new frontiers as well as re-imagine their 3D reality. However, the only difference is that NeoWorld allows the users to build connections as they socialize through the NeoWorld virtual ecosystem, which is wholly based on the blockchain.

The cooperation between these two parties will mainly revolve around entering the NeoWorld, planning NeoWorld Exclusive Island as well as strengthening the cooperation within the community ecosystem. There are no further details issued yet on how NeoWorld Exclusive Island will benefit Tron foundation, but we’re well aware of what NeoWorld can offer, right?

For instance, it offers token economy, the creation of avatars to represent users in the virtual world, offers blockchain games, exploring virtual 3D frontiers, allows the player to build wealth successfully as well as create skylines.

Subsequently, all the users can create personal worlds as well as participate in the communication. Users can even organize elections and establish very own world whereby Ethereum-based tokens would help to serve the purpose of payment between trades as well as activities which players initiate by themselves.

Tron is on an onward and upward move on a daily basis, and the news of its partnership with NeoWorld is nothing short than an exciting topping for Tron fans – making it exciting times for Tronics (the TRX community as Justin Sun addresses them) altogether.

Since NeoWorld is the world’s first sandbox game, all looks great for the Sun-led blockchain project. Tron may not be there yet but things are shaping well for them and who knows what we may wake up to about Tron.

Tron [TRX] Price Analysis

by

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], Ripple[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:

1

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 the 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:

2

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.

The Parabolic SAR shows a predominantly bearish trend with a majority of the markers staying above the price candles. This is also a sign of the lack of trend changes in the Tron 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 enable in raising the immediate resistance of Tron.