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Altcoins set to bully Bitcoin in terms of price growth as volatility continues

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Altcoins have generally followed in the footsteps of Bitcoin, the world’s largest cryptocurrency in terms of both price and volume. Analysts have also spotted several patters between the price movement of alts and BTC, with the most common notion being that the price movement is inverse between both.

Bitcoin had a stellar October, with the price shooting up by 30 percent. The price bump resulted in the cryptocurrency settling near the $10,000 mark after languishing near $7000 for prolonged periods of time. This time frame also some major alts climbing out of their ruts too, albeit not at the same rate as the Big B.

At press time, however, Bitcoin showed that the value had more or less capitulated near the $9000 mark and was trading for $9378 with a total market cap of $169.11 billion. BTC held a 24-hour market volume of $26.7 billion after a slight 0.62 percent price appreciation in the 24-hour spectrum.

Ethereum, the biggest altcoin in the market, had a different story to tell. When Bitcoin’s value rose last month, Ethereum had followed suit at a gradual pace. Now that Bitcoin has settled in terms of movement, ETH has shifted gears to grow in value. In the space of a month, ETH went from $175.2 to $188.6 and then settled at the current $186 range. At the time of writing, Ethereum was one of the few altcoins that were on the rise at rates more than Bitcoin. Several analysts with Paddy Stash tweeting have spotted this altcoin>Bitcoin pattern”

“Altcoin dominance has continued to climb back upwards since the big $Btc spike from $7.4 to over $10k last week.  $ETH just jumped from $181 to a high of $188 just a few hours ago. ALts all look ready to move again. Lets see Big alts and Chinese alts blow up and bring the rest up.”

Stellar Lumens, the 10th placed cryptocurrency, was the surprise winner in the top 10 club, as the cryptocurrency was on a remarkable double-digit growth. XLM had taken a 16.18 percent hike in the past 35 hours, outperforming every other assets in the top 50 club. After the rise, XLM was trading for $0.079, which was a perpendicular growth on the charts from its earlier price point of $0.069.

The second-biggest gainer in the top 10 club was EOS, with Broke Pierce’s baby going up by 5.25 percent. Although the developments related to EOS are quite low now, the community has not lost in the crypto, which promised to provide a completely decentralized and streamlined financial ecosystem.

The market’s volatility continues to grow as the Bitcoin-altcoin correlation remains strong. On the back of the current market atmosphere, some famous advocates of the space have predicted 2020 to be the year of the ‘altcoin boom.’

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron Remains the Second Most Popular Platform for Dapps

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Largest Dapp directory published a quarter three dapp market report, which unveiled that the Tron has added 500,000 users on the mainnet in Q3, and the platform remained the second most popular network for building Dapps.

Dapp/Decentralized applications on top of blockchain platforms like Ethereum, Tron, and EOS have become a hot topic these days, especially for developers.

As per the latest market report presented by Dapp.com, the largest directory of the Dapps, the Tron blockchain platform still stands as the second most popular network for developers to build their decentralized applications. The first being Ethereum, which saw a steady performance for Q3 in comparison with the other blockchains. 

Tron has become the Largest Blockchain Platform

The report highlights the significant growth of Tron users and states that the platform becomes the most significant blockchain platform that launched since 2017. It reads as follows;

TRON has added another 500,000 users on the mainnet in Q3 – with a total amount of over 3.7 million mainnet addresses

Moreover, the Tron network has become the ultimate choice for gaming projects. Following the significant findings, Dapp.com’s Q3 report quickly gained the attention of Tron boss, Justin Sun, who then took to Twitter and appreciated the Dapp platform for the excellent Q3 report. He tweeted;

However, on the back of the report, Tron gained a momentous growth in terms of market capitalization. The token, which was standing on the 14th most significant spot, has captured the eleventh largest place on the graph of Coinmarketcap today.

At the time of reporting, Tron is scoring higher with 6.58 percent within the past 24Hrs, which notably influenced its market capitalization. While it’s trading volume counts $1,078,248,667, the token is currently trading at $0.016 against US Dollar.

An overall market assessment of Dapp for Q3 shows that the transactional volume of these Dapp is down nearly 40 percent. Only 148 dapps launched in Q3 of this year, whereas it was 164 dapps every month during the first half of 2019.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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EOS Based Decentralized Exchange Newdex Migrates to Tron

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The latest announcement by Newdex, the decentralized exchange claims that it is now officially launched on TRON network. Although details of the launch are yet to reveal, the platform announced 30000 TRX giveaway to Tron community.

EOS Based Project Turns to TRON blockchain

Newdex claims itself as the world’s leading decentralized exchange offering the open and transparent user assets and trading service. Following the announcement of launching on Tron network, the Tron foundation proudly introduced Newdex platform to the Tron community.

Those who seek to participate and win the TRX giveaway of Newdex, they have to retweet and follow New DEX, Justin Sun, and Tron foundation on Twitter. The giveaway will reportedly end on Oct 7th. Tron foundation states that;

The largest decentralized exchange on EOS Newdex officially launched on TROM, writes Tron foundation. Welcome, NewDEX to the Tron Ecosystem.

Meantime the founder and CEO of Tron Foundation, Justin Sun, took to Twitter and suggested a crucial yet straightforward solution on how to grow a business and protect customers. He reveals Tron’s one-click Blockchain deployment feature, which was designed to increase demand for blockchain from companies. According to Sun, it works as;

Although Tron’s one-click Blockchain deployment appeared as a new feature launched by Justin Sun, nobody seems supporting this new announcement citing the crashing value of TRX for quite some time now.

Fortunately, the value of TRX at the time of reporting is surging by 4.63 percent within the past 24 Hrs, but the position of token remained on 14th spot. Currently, TRX is valuing at $0.013 against USD, capturing the market capitalization of $933,511,141.

More so, Sun’s led two tokens BitTorrent and WIN were recently caught under the delisting announcement by major crypto exchange, Binance. Notably, the exchange announced the removal of 30 tokens trading pairs, including both – BTT/BTC and WIN/BTC.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Crypto Whales Move over $85 Million in EOS to Unknown Wallets

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According to the new data, there has been a lot of activity within the EOS market recently, with crypto whales moving around 22,999,990 EOS coins (approximately $85,108,534) in the last several hours.

The amount moved was split into two large transactions. First transaction carried 19,999,990 EOS ($74,028,996) from crypto exchange Huobi to an unknown wallet. Only minutes later, a second transaction took place, sending 3,000,000 EOS ($11,079,538) from this unknown crypto wallet to another one.

The reasons behind the transactions remain unknown, and it remains to be seen whether or not it will affect EOS’ price in any significant way. In the last seven days, the EOS price has been on a slow but relatively steady rise, after managing to break a healthy resistance level at $3.40. Notably, the resistance was broken by a sharp growth last Saturday, September 7th.

Crypto Whale Moves over $85 Million in EOS to Unknown Wallets 1
Source: CoinMarketCap | The steady rise of EOS over the last seven days.

The growth led EOS’ price to $3,60, which was also broken only hours later as EOS reached the height of $3.90 yesterday, on Tuesday, September 10th, which is when its price started to drop. The drop has continued in the last 24 hours as well, although, in the previous hour or so, EOS price saw small growth, which took it from $3.70 to $3.75.

Is this another attempt at market manipulation?

Crypto whales are known for making such sudden moves that result in moving vast amounts of coins, and whenever they make one such move — they significantly impact the market behavior. This is why many believe that they are doing it on purpose, in an attempt to manipulate the market. If true, EOS might see significant price growth in hours to come, as many are likely to start buying the coin, since the whale responsible obviously isn’t looking to sell them.

On the other hand, the whale has broken down the amount and sent a decent-sized portion of 3 million EOS coins to a separate wallet, which might indicate future plans to start selling smaller amounts of EOS instead of shifting the market once more.

The whales’ behavior is often a mystery, and many will, undoubtedly, keep an eye on these particular wallets in days to come, trying to deduce what is it that the whale might be planning.

As for EOS itself, the coin’s performance in 2019 has been quite positive until early June.

Crypto Whale Moves over $85 Million in EOS to Unknown Wallets 2
Source: CoinMarketCap.com

The coin managed to go from $2.45 at the beginning of the year to $8.20 on June 1st. This was its peak in 2019, and after that, its performance was marked by a series of drops which have led it back down.

While the cryptocurrency still sits well above $3, it might only be a matter of time before the price returns to its January value. Perhaps the whale reacted to prevent that. Of course, it is equally as possible that their action had nothing to do with an attempt to manipulate EOS’ price, although many will probably doubt that.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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EOS Value and Activity Drop as the New Fork Approaches

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EOS price, transaction volume, and dApp activity in the last several months saw a significant drop. Analysts seem to believe that the reason is the approaching hard fork, as well as the recent announcement of EOS social platform, Voice.

According to research published by a cryptocurrency and blockchain analysis firm, Brave New Coin, EOS has seen one of the most significant downward trends in its history. The drop did affect not only EOS’ price but also its transaction volume, as well as overall activities within its ecosystem. Even EOS’ dApps are seeing a significant drop.

The research that got published this Monday, August 19th, indicates that the cause of the drop might be the approach of the next hard fork of EOS’ blockchain. The hard fork itself was scheduled for September 23rd. In addition to that, the ecosystem recently saw an announcement of its soon-to-launch social platform, known as Voice.

The result is an 84% drop in EOS price, which kept going down ever since its historical maximum, reached back in April 2018. Back then, EOS exceeded $21. At the moment, however, its price stands barely above $3, with a market cap of $3,42 billion and a trading volume of $1.27 billion in the last 24 hours. EOS is currently ranked as 8th largest cryptocurrency, sitting between Tether (USDT) at 7th place, and Bitcoin SV (BSV) at 9th.

Further, it appears that EOS’ exchange volume in the last 24 hours ended up being dominated by EOS/USDT trading pair, with pairs with Bitcoin and Ethereum being close behind. Even so, analysts estimate that EOS’ trading pairs against USDT and Bitcoin have dropped by over 60%, and transactions per day continue to decline.

Not only that, but researchers believe that the real number of transactions might be even lower than reported, likely only one-fifth of the estimated 5 million.

EOS still leads over NEO

The number of transactions has been on a sharp rise since December 2018, mostly due to increased activity among EOS’ dApp users. The value of the average transaction is estimated to be at around $75, while the reported maximum was $38,000, likely also related to the increased activity within dApps.

On the other hand, the number of active addresses related to EOS transactions is currently at around 52,000. This was nearly half of the number of active addresses from January of this year when that number was near 95,000. Even so, EOS still sees significantly more activity than its primary competitor from before, NEO.

Speaking of the higher number of users, another report, issued by the company called AnChain.AI earlier this year, seems to indicate that 51% of EOS users were bots. They executed 75% of EOS operations in January, the report claims, thus allowing EOS to be one of the leaders in term of dApp activity. The bot activity was estimated to be responsible for $6 million worth of EOS’ daily volume from January 2019.

However, in recent months, the average volume of transactions seemingly went down. Analysts remain convinced that gambling and dApp exchange are still among the most popular activities; more likely since gambling is highly regulated in the majority of countries around the world.

The new reports only add to EOS’ troubles, which initially started last June, with the departure of EOS NY as a block producer. Not to mention the degradation by the Weiss agency’s rating, which made people wonder whether or not EOS is truly decentralized as it claims.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Five Top Cryptocurrencies to Buy in Q3 2019: LTC, TRX, EOS, BNB, BTC

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Those who are looking to invest in cryptocurrencies in Q3 here is a list of five top digital assets to go after which could be a wholesome investment.

The crypto market is shaping really nicely, and it is anticipated that by the end of 2019 it will hit with maximum gains of the year. Though the cryptocurrency market is still volatile and we cannot be sure about what actually will happen, but the trends are favoring for a bull run before the beginning of next year.

Litecoin (LTC)

Since the beginning of 2019, Litecoin has made a massively climbed. Litecoin began the year at $31 price mark and touched the highest of the year at $137.40 by the end of June. LTC has made a huge impact so far.

In a recent tweet by the co-founder of Litecoin Foundation, Xinxi Wang mentioned that LTC has been declared as a payment token by the United Nations Department of IMF. Admittedly, this is an excellent advancement for Litecoin, and it will boost up its worth in the crypto market.

Moreover, the halving of Litecoin that took place on 5th Aug, it was expected that the privacy coin would make hefty returns to the investors; it didn’t make such an impact. But due to this event occurring LTC has dropped afterward as it seems that the short-term investors anyhow have taken out their investment with a little margin of profit. Despite all this, Litecoin has firmly moved in the upward direction all this year with slight ups and downs. So, this is one of the top cryptos to look for.

Bitcoin (BTC)

Still, the master of all, Bitcoin as always leads the market with sweeping dominance of 69.3%. This would be no such investor who understands the game of trading and haven’t made an investment in BTC. The tough time seems to have taken off, which caused a damaging effect on the entire market since last year.

This year comparatively has been the year of recovery, and Bitcoin recent showing of reaching $12K has once again whooped that it could potentially reach all-time highs by the end of 2019. In that case, it can be a serious investment.

Binance Coin (BNB)

Binance Coin may seem a bit surprising in this list, but making its way to 6th place in the market has left no doubt in the potential of BNB. For most of the altcoins, this year was a period of recovery so far, but for Binance Coin it has turned to be a super year. The native coin of Binance exchange hit the highest price mark of $39.30 on 22nd June.

Binance Coin was one of few cryptos which kept on rising when the market was bearish. This has seriously attracted investors in huge numbers. The developments made by Binance exchange indirectly boosts up BNB changes to go further up. As it is expected that the market will have a bull run swing, BNB can break its previous highest price mark. So, looking for low-cost crypto which anticipates a promising future, BNB is the asset to go for.

EOS

Another crypto which should amuse investors is EOS based on its basic analysis. As we go through from a technological viewpoint, EOS is ahead of some top digital assets such as BTC and ETH. It is much faster (million transactions per second), reliable, scalable, costs zero-fee, and also allows developers to build DApps.

Despite having not much good time, recently as compared to other altcoins, EOS still pushes to break the resistance levels and once again cross $10 mark in coming days. At the time of press, it trades at $3.93, which gives investors a good chance to jump in and buy EOS at a low price, which can make them gain high returns.

Tron (TRX)

With the rumors of Justin Sun involved in some corruption cases, Tron has faced a rough time, latterly. Though Tron is one of those crypto projects with a lot of capability and capacity. In such less time, Tron has made a serious impact on crypto users and aims to focus on further developments.

In specific, Tron has a far-reaching influence on the gaming industry. The critical aspect to look forward is that Tron plays a vital role in the development of transparent gambling products and wants to add blockchain impact in the gambling industry. This will attract a broad audience in long-term progress.

One advantage in investing in Tron is that it will not have a massive loss in case the market crashes, but if it rallies a bull run, it will be a fruitful investment for TRX investors.

TRX price will more likely rise shortly as more and more blockchain-based online gambling mediums emerge. One prominent platform among such is 1xBit.

The leading crypto betting site is a fully crypto-oriented sportsbook as well as an online casino that accepts Tron among more than twenty-one cryptocurrencies. The platform adheres to the anonymity principles at full by offering a simple one-click registration. Players get showered with promos, offers, and bonuses, such as a whopping 100% welcome bonus.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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TRON succeeds EOS and Ethereum as China publishes its new crypto ranking

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In a recent report regarding Crypto rankings updated on 31st July, CCID Institute of China rated TRON (TRX) at the 3rd spot among other 37 cryptocurrencies. The status of the cryptocurrencies is based on their technology, innovation, and application.

Making the list of top crypto’s, CCID take into accounts the three essential features of any crypto varying from the fundamentals to its vision and implementation of that crypto across various fields. All these crucial aspects combine to structure a ‘total value index,’ on behalf of which a digital asset is ranked.

This time around, the latest rankings changed significantly as EOS surprising overthrew Ethereum (ETH) for the first place, leading with 153.1 points. Tron (TRX) dropped to the third spot succeeding Ethereum which attained 148.6 points. While these new altcoins have shown power with their advancing technology, Bitcoin surprising captured the 11th place with 103 points.

Even though China banned cryptocurrencies back in 2017, it is not hard to say that China isn’t pro-blockchain. With time China’s interest in cryptocurrencies has increased. Recently, Huawei’s CEO Ren Zhengfei said that China should create its own crypto that should be backed by the state. Moreover, China is leading in the blockchain research filing ahead of the United States.

With things getting better in the crypto space, Tron looks to prove a point with its dominance in the ranking. Tron has gained the trust of Chinese authorities, and it appears that the increase in user case and the success of BitTorrent has played a crucial role in getting the concentration of Chinese poster project.

As Tron (TRX) made it to the third spot, there has been a lot of debate going around CCID favoring Chinese blockchain projects since Tron founder Justin Sun is allegedly going through an investigation process held under Chinese authorities.

Regardless that CCID has favored tron, Justin Sun has shown his hard work which has been the reason Tron ranks among top cryptocurrencies. At the time of writing, TRX holds the 12th spot with a market cap of $1.46 billion. The trading price of Tron stands at around $0.022 with a slight downward trend after going down by 1.52% in the last 24 hours.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron (TRX) Reaches New Milestone with 500 Dapps Online Now

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Tron has been powering through with various plans and additions to its technology for the better part of a year – and it seems to be bearing fruit. While Tron Foundation CEO Justin Sun has long been talking about the potential of the Tron network but it is only now that the blockchain is finally beginning to show a little of the promise it once held.

Dapp growth pointing to a rosy future

The future, as always, is shrouded in mystery even for the best-prepared traders and executives. However, current trends can be extrapolated to give some kind of indication as to what is likely to happen soon.

The rapid and triumphant rise of the Tron dapp ecosystem based on the TVM (Tron virtual machine) network is key to the future of crypto in general and TRX in particular. The number of dapps has been rising steadily in the Tron network, and that figure has now reached 500 online dapps according to Misha Lederman, a dapp evangelist.

According to Misha’s tweet, Tron saw record volumes in March, which reached 102 million US Dollars per day for the month. The Tron believer went on to report that these 500 dapps are the trailblazers for the next generation of the internet. The so-called Web 3.0, where everything that can be decentralized, will be decentralized.

The 50 thousand daily dapp users is a significant achievement in an of itself. While it might seem like a small number at the current moment, this an immense amount of what every other company would call “beta testers.”

Paradigm shifting BitTorrent Speed to leverage current situation

While 50 thousand users are usually considered a small set of people – this is not true for Tron, its dapps, network, and ecosystem. This is because of the strategic acquisition of BitTorrent that has hundreds of millions of users. The launch of BitTorrent Speed decentralized filesystem will give a more straightforward pathway for the massive userbase to transition to Tron.

Dapps that elect to use Tron’s network will automatically have a hundred million robust system of users to target via BitTorrent, something that both EOS and Ethereum lack at the moment. So despite Tron’s late start, the Sun-led blockchain is perfectly poised to take advantage of its extremely ample assets. Putting the BitTorrent numbers into perspective, it would be like Facebook leveraging Whatsapp users for its stablecoin coin currency – something that it has already started doing.

The future for Tron looks rosy, at least as things stand, and it is looking as if it will be the first dapp platform to indeed rise to the top of mainstream consciousness with the launch of BitTorrent Speed. All this, and it is only barely a year from its independence from Ethereum – a divorce that still stings the developers of the original cryptocurrency.

Everything happening right now is a sure fire sign that Justin Sun has been doing outstanding work behind the scenes – and that all the bluster that he has brought to his brainchild, Tron, might pay off quickly now.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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EOS technical market analysis June 14, 2019: You should better wait for now

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So you like EOS as a cryptocurrency? You’re not alone. The token is the sixth by market capitalization, which is a very high place if you take into account that it’s playing at the same pitch as the world’s bigger boys and giving them a run for their cryptocurrency.

But we have a mixed bag for trading on EOS. It’s had a bad last 24-hours, losing 1.34% the sixth biggest cryptocurrency stands at $6.34 as we write this EOS price analysis. On the other hand, it’s still had a pretty stable week gaining 0.6% in value. It’s not been among the best performers in the top 10. So let’s see what can technical analysis tell us about EOS today.

It’s a mixed bag. The hourly analysis is in the “strong sell” while the daily one is “neutral.” The weekly and monthly are in “strong buy.” So what should you make of this? Read on.

24-hour analysis

The daily analysis is not looking great, but it has some potential. First of all, it’s trending sideways. The trend seems to be transitory, and it’s been preceded by downward trends during the day. That’s not the worse thing.

The real problem is that we haven’t seen high trading volumes all day long and the most significant volume we saw was as EOS was losing volume. So it looks good on the surface, but not that well if you dig a little deeper.

EOS price chart
Source: CoinMarketCap.com

The spot price is beneath the pivot point by about ten cents. So if a real surge in trading volumes follows, then the price would keep going up until it finds resistance at $6.8374 level. Could this really happen? Yes, it can for sure. But we’re talking about a weekend that’s ahead of us, which is usually dominated by bears so if you’re interested in EOS as a serious option it would be better for you to wait until next Monday and give it a fresh start.

Monthly analysis

The monthly analysis looks very much the same. The price is between the pivot point and the first resistance level. The difference is that the monthly indicators and moving averages all point to strong buy positions. So it’s basically the case in which you’re standing at the same place as the daily analysis but the compass points in a different direction.

Outlook

So both analyses tell you are at the very same place. You’re just below the pivot point but in a trend that could bring about a surge at any time, except it’s a weekend and the trading volumes are low. So what to do?

EOS is a substantial project with sound fundamentals. It will perform in the market sooner rather than later. But not today. For the time being the best option would be to wait until Monday and see how the market is moving. It’s not moving now so you’d need to be very lucky or patient to make money trading in these conditions.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron dapps ecosystem thickens while EOS and Ethereum lose grips further

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The dApp community is taking shape, and it is good news for Tron enthusiasts. For a few months now, the giant crypto bitcoin has stolen all the headlines within as well as outside of the cryptocurrency.

As far as the crypto space is concerned, 2019 has been the best year thus far since 2017 with several cryptos gaining significantly. This year’s best performer has been Binance Coin even though Bitcoin has done remarkably well.

But did we miss something?

Tron dApps are gaining the market share and are now on the wheels. For some time, the dApp ecosystem has been dominated by EOS and Ethereum. However, Tron has its nose forward.

The New King of dApps

The signs were there, and it was a case of when rather than if Tron would take over the bragging rights for the dApp ecosystem. And now, according to a recent review, Tron has made giant steps going by its 24-hour dApps volume.

As always, Tron CEO didn’t fail to give an update on the same as a couple of days ago, he tweeted a 24-hour volume surpassing $11.8 million meaning EOS and ETH are now trailing.

As per the numbers, the first 12 dApps by Tron pulled over 42,000 users. Interestingly, more gaming applications were recorded, unlike a previous record that was dominated by gambling apps.

The numbers are impressive, but there’re concerns. The usefulness of these dApps is somehow questionable since most of them are related to games as well as gambling. Nevertheless, Tron is getting well up the radar.

New dApps onboard

Getting ahead of the likes of Ethereum and EOS is not a walk in the park and Tron network knows it. For that reason, adding new dApps is another way of getting ahead of the rest.

As per the weekly dapp report released by Tron, 16 new dApps were added to Tron according to a dApp report. It now means that a record is on the books.

The total dApps on Tron now is more than 463. Furthermore, the number of daily users increased by 20,000.

Checking on Tron Competitors

Tron didn’t wake up and found itself on the top. Initially, EOS and Ethereum were ruling the land. With the new regime now, while Tron recorded a 24-hour volume of $11.8, EOS volume was at $9.4 million.

EOS has over 120,000 users, while Ethereum has 12,000 dApp users and had a 24-hour volume of $1.7 million.

Tron looks to get even stronger given the collaborations being made. The Sun-led blockchain’s integration with the Loom network is a significant step. It may not be long before the 11th digital asset takes a position among the top ten. As we write this, after going down by 1.35% in the last 24-hours, Tron price stands at $0.03144 with a market cap of $2,096,456,156.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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