Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values
Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values

TRON News - Tron Gets On Forbes List of Best-Featured Coins, Largest Indian Exchange to Support Upcoming BTT Airdrop

  • Yuri Molchan
    📰 News

    Tron Weekly Journal quotes Forbes experts where Tron, along with three crypto assets, is called a best-featured virtual currency with an excellent potential

Tron Gets On Forbes List of Best-Featured Coins, Largest Indian Exchange to Support Upcoming BTT Airdrop
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As per an article from Tron Weekly Journal, Forbes experts call Tron (TRX) one of the coins with the best features for mass adoption. The other three are Ethereum, Ripple and Apollo.

Positive, compared to Ethereum

This already seems to be a trend that Tron is opposed to Ethereum. Vitalik Buterin’s brainchild seems to be an ideal target which Justin Sun, the Tron CEO, is eager to hit and surpass.

Forbes experts also use Ethereum to describe Tron’s advantages.

“Tron is a platform in which you can do everything you can do in Ethereum, except it’s more scalable and costs are way cheaper. So it’s like Ethereum, only without the problems that have been plaguing it recently.”

Positive, compared to Ethereum

“Better than ETH, mate. Better than ETH”

In his recent tweets, Sun reports Tron’s success, comparing new achievements of the Tron network with that of Ethereum – the number of transactions, amount of accounts, overall scalability, etc.

The authors of the article claim Tron can do everything that Ethereum can but way cheaper. In early 2018, the “the father of Ethereum” Vitalik Buterin accused Tron of plagiarizing Ethereum’s whitepaper.

Then throughout 2018 there were several public disputes on Twitter between the CEOs of the two crypto heavyweights. Recently, though, Justin Sun has asked Vitalik to help him review the updated whitepaper of Tron – as reported by U.Today.

One of the major differences between Tron and Ethereum is that the former can do 2,000 transactions per second. Besides, the Tron Foundation does not charge anything for operations on smart contracts, unlike Ethereum.

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The upcoming airdrop

Tron and BitTorrent are preparing to conduct an airdrop of the newly-issued BTT tokens, reportedly, as part of the Atlas Project, in which both platforms will be involved.

One of the largest Indian crypto exchanges, Koinex, has already announced in Twitter its intention to support the approaching airdrop. The exchange already trades TRX against fiat INR, with this pair totalling over 34 percent of the trading volume.

The upcoming airdrop

Users in the comment thread have shown excitement and started asking on what ratio of TRX/BTT the airdrop will be made and tagged the Binance exchange with its CEO to ask if they will be supporting it too.

So far, it is only known that the airdrop will take place in Q1 2019.

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TRON News - LTC, BNB, TRX, and Others Can Make This a True Altcoin Season — How Can Bitcoin React?

  • Jack Thomas
    🤷 Opinions

    ☀️📈Since the Crypto Winter started thawing, all the main action has come from altcoins, and now a few are breaking key moving averages

LTC, BNB, TRX, and Others Can Make This a True Altcoin Season — How Can Bitcoin React?
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While the cryptocurrency market may not be fully bullish and breaking new records in terms of gains and growth, one thing that seems to be apparent is that the total bear market is starting to draw to a close. There has been a lot more positive sentiment in the past few weeks and months.

A lot of this has had to do with a few altcoins putting on good performances in the market. Thanks to positive news with a number of top 20 coin projects, their own token value has been rising – as well as importantly staying up.

Now, there is technical analysis that suggests that coins like Litecoin, Tron and Binance Coin, as well as lesser-known Maker, are trading above their 200-day moving averages, a development typically considered a sign of a healthy market.

This is good news across the board, but what is interesting to keep an eye on is whether Bitcoin will manage to keep up, outdo the altcoins, or potentially start falling behind, enforcing a true altcoin season.

Making a move

Of the top 20 largest cryptocurrencies by market capitalization as per CoinMarketCap, both the BTC and USD pairs of Litecoin, Binance Coin, Tron, and Maker are currently trading above their respective 200-day moving averages.

A moving average is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels.

These positive moves by top ranked cryptocurrencies are thus reinforcing the notion that the cryptocurrency market is heading towards spring again.

However, Bitcoin, as the head and the mover of the cryptocurrency market, is still trading below its own 200-day moving average, which could also be a reason why people are skeptical of flooding back into the market.

Altcoin season?

While Bitcoin has often been the catalyst and mover of the direction of the markets – and still predominantly is today – there have been times where the remainder of the coins take charge of the direction of things.

It is still early in the supposed Crypto Spring, but with altcoins making the biggest movements and helping prop up the market, one could assume that the market is heading for another altcoin season.

The last one was seen soon after Bitcoin’s All Time High as the remaining coins caught the tailwind of that astronomical growth, but things could well be reversed here if a few more major altcoins catch up and can cross their own 200-day moving averages.

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