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No Dice: Ethereum Loses dApps Race to EOS and Tron

  • Alex Dovbnya
    📊‍ Infographics

    Ethereum has already lost the majority of its market share in the dApps department to the two rivaling networks that offer considerably better speed   
     

No Dice: Ethereum Loses dApps Race to EOS and Tron
Cover image via u.today
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With such innovative features as smart contracts and decentralized applications (dApps), Ethereum took the market by the storm, and many predicted that it would surpass Bitcoin at one point. However, the O.G. coin is losing its luster with EOS and Tron winning the dApps race.  

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Lean times for Ethereum

The report, which was revealed exclusively to U.Today by analytics firm Dapp Review, vividly shows that that the total volume of Ethereum dApps is sitting at $256.31 mln while EOS and Tron boast $1.72 bln and $1.64 bln worth of transactions respectively. The two networks that are branded as Ethereum killers also greatly outperform Ethereum when it comes to the total number of transactions.

The graph below shows that the number of daily dApp users on the Ethereum network plateaued throughout the first quarter. Meanwhile, both EOS and Tron experienced incremental growth in that department.

No Dice: Ethereum Loses dApps Race to EOS and Tron       

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Gamblers are to blame

As reported by U.Today, the exodus of gamblers, who were deterred by high network fees and the speed of transaction.  is one of the main reasons why Ethereum is hitting a snag. DappRadar has discovered that 72 percent of all dApps that are run on EOS and Tron are related to two categories – gambling and high-risk. For comparison, Ethereum, which used to dominate this niche, only has 8 percent of dApps that can fit into the two aforementioned categories.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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Crypto Analyst Doesn't Expect Bitcoin Price to Repeat Past Halvenings

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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