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TRON Surpasses Ethereum by Trading Volume, Reaching 68.5 Mln USDT, Dapp.Review Reports

  • Yuri Molchan
    📰 News

    The Tron CEO Justin Sun announces that as per a Dapp.Review report, over the past week, Tron’s trading volume on dApps has exceeded that of Ethereum

TRON Surpasses Ethereum by Trading Volume, Reaching 68.5 Mln USDT, Dapp.Review Reports
Cover image via u.today
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Justin Sun has taken to his official Twitter page to announce another milestone that Tron has just achieved. The Tron chain has surpassed Ethereum by the trading volume on dApps but is still behind EOS.

Tron outperforms its major rival Ethereum

Justin Sun is spreading good news about Tron, saying that Tron’s trading volume on dApps has reached 68,504,852 USDT and surpassed that of Ethereum by almost twice.

However, the graph by Dapp.Review shows that here Tron comes first after Ethereum but still second after EOS.

Dapp.Radar also points out a substantial rise of Tron trading volume within just a day.

However, when it comes to the total number of unique users and mainnet accounts, Tron is still behind Ethereum, as per a Dapp.com report.

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Tron-based USDT launches on Huobi

One of the major crypto exchanges, Huobi Global, has joined the club of platforms that support USDT-TRON. Justin Sun has spread the word that between October 22 and November 1, traders can enjoy up to 30% of APR awards.

 

What is your opinion on the new Tron's milestones? Share it in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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

  • Alex Dovbnya
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    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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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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