Tag: tron (trx)

Summary: Tron (TRX) has launched its first NFT standard dubbed TRC-721 The NFT standard was launched to allow each token to have its own unique value The NFT market on the Ethereum blockchain has been thriving with some tokens fetching 6 figures The Tron (TRX) network now has its own NFT standard protocol. Yesterday, the team at the Tron Foundation announced the launch...

Quick take: The number of daily active Tron wallets hit an all-time high in November According to DappRadar, this figure exceeded 150k Tron's total transaction volume in November was $578 million, a 13% decrease from October High-risk Dapps are a major contributor to Tron's transaction volume The blockchain network of Tron (TRX) experienced all-time highs in terms of daily active wallets. According to...

Quick take: Justin Sun announced the launch of wrapped Ethereum on the Tron Network The token goes by the ticker of ETHTRON The Wrapped Ethereum injects ETH's value on the Tron network It is available on Poloniex and redeemable on a 1:1 ratio with actual Ethereum The digital asset of Ethereum is now available on the Tron (TRX) Network. The project's founder and...

Quick take: Justin Sun has likened Ethereum to the iPhone and Tron to the Android operating system According to Justin, not everyone can afford an iPhone Android has thus emerged as the go-to platform for smartphones due to its lower cost In a similar manner, Tron will become the go-to platform for blockchain developers and users due to its cheaper transactions and scalability...

Quick take: In the month of October, Tron and Ethereum generated $280 million and $159 Million in transaction volume respectively Tron's daily active addresses increased by 248% in the month of October Ethereum's daily active addresses rose by 10% in the same time period TRONCHAIN and TRON2GET were the 2 Dapps behind Tron's impressive growth The month of October has been an active...

Quick take: The amount of Wrapped Bitcoin on Tron now stands at 15,000 This number is a 5x increment in less than a month BTCTRON now has 2,468 holders and users have transacted 46,397 using the digital asset Transactions on the Tron network have now exceeded 1.3 Billion This past week and when Bitcoin was breaking the $14k and $15k price ceilings, the...

Summary: Justin Sun and the Tron Foundation have pledged to honor all Tron based tokens still stuck on the OKEx exchange This includes TRX, BitTorrent (BTT), Just (JST) and Sun (SUN) tokens It has been over 2 weeks since withdrawals of all digital assets were suspended at OKEx The move by Justin Sun and the Tron foundation is meant to shield the Tron...

Summary: Tron has launched JustLink, an oracle on the Tron network to power smart contracts with real-time data JustLink is 'the answer for ChainLink on the Tron network' JST will be the native token of JustLink If JustLink is Tron's version of ChainLink, JST should thrive in the crypto markets just like LINK The team at Tron (TRX) and the JUST foundation has...

Quick take: Justin Sun has pointed out that the number of daily new accounts on TRON has increased by a factor of 20 since May this year The Tron ecosystem has been growing with BitTorrent recently acquiring the streaming platform of DLive.tv Tron is once again above the $0.026 price zone and could be on a path to retest $0.030 Tron's founder and...

Summary: Social media platforms such as Twitter, Reddit and Telegram can be used to gauge investor and trader sentiment in the crypto-verse According to the latest quarterly report by eToro, Ethereum's Tweet volume surged by 54% due to DeFi Similarly, Tron experienced a 228% Twitter growth due to DeFi However, Bitcoin still dominated in Q3 in terms of Twitter mentions Over the years,...

Quick take: Coinbase Custody has announced that it is exploring supporting multiple digital assets On the list is TRX and five popular TRON based tokens The latter include BitTorrent (BTT), Just (JST), Just Stablecoin (USDJ), WINK (WIN) and Sun Token (SUN) Coinbase Custody is a trusted crypto custodian with its core clients being institutional investors Support on Coinbase Custody could open the door...

Summary: Ethereum continues to dominate the DeFi ecosystem In Q3 2020, Ethereum held 96% of DeFi's total transaction volume Dapps that account for the majority of the total transaction volume were Uniswap, MarkerDay and Curve The team at DappRadar has released Q3's Decentralized Finance Report in which they analyze Dapp activity on the several blockchains of Ethereum (ETH), Tron (TRX), EOS, IOST, Ontology...

Quick take: There are now 3,000 Bitcoin (BTC) on the Tron blockchain BTCTRON is a type of wrapped Bitcoin on the TRON blockchain Bitcoin on the Tron blockchain is beneficial to yield farmers or those who want the value of BTC plus the efficiencies of Tron Tron founder and CEO, Justin Sun, recently shared a new milestone on the TRON blockchain in the...

Quick take: The team at UpBlock has done a macro analysis of Tron in which they conclude that TRX needs to start moving soon or risk becoming a sinking ship Furthermore, Tron has demonstrated 'disappointing price action and no clear movement or bullish signs' TRX is currently trading above the $0.025 support zone with the daily chart pointing towards more sideways The team...

In summary: Tron continues to immerse itself into DeFi making a dent in Ethereum's dominance Tron's Defi Transaction Volume increased by 2,577% in Q3 Tron's price has grown a remarkable 64% in the third quarter of 2020 due to DeFi The team at DappRadar has released its Q3 Dapp Industry report which concludes that the Tron Ecosystem has experienced significant growth due to...

It is not difficult to see why investing in the cryptocurrency market has been so popular lately. However, many investors get intimidated when they see that Bitcoin (BTC) has lost more than half its value during all-time highs. The fact is that this is precisely what you will see in an emerging and healthy bull […] The post 5 Best Cryptocurrency Investments 2020...