cryptodailytrading.com

Tron Surpasses Stellar for Spot #8, Tron Foundation’s Top Executive Compares Tron with Apple

  • Yuri Molchan
    📰 News

    TRX outperformed XLM by market cap value, Tron’s Director of Global Communications says Tron intends to surpass Ethereum and EOS in 2019


Tron Surpasses Stellar for Spot #8, Tron Foundation’s Top Executive Compares Tron with Apple
You may also like:
Contents

In an interview with a co-founder of Innovesta, Adi Karmon Scope, Director of Global Communications of the Tron platform Cliff Edwards said that Tron is not trying to reinvent the wheel but rather is trying to do things its rivals EOS and Ethereum do, but way better.

Also, TRX has moved XLM from spot #8.


TRON VS STELLAR

Is Tron’s strategy similar to that of Apple?

Edwards compared Tron with Apple, saying that Steve Jobs did little to actually innovate the industry, rather he was just trying to produces phones and computers in a much better way than its competitors. Apple created more powerful software and a better ecosystem, believes Edwards.

As per him, Tron is following the same path by acquiring BitTorrent and intending to collaborate with them and launch BTT coins.

Edwards also adds that Tron wants to blend utility coins with the huge user base behind BitTorrent to raise interest in crypto among regular users.

Their major goal for 2019, as per Edwards, is to surpass EOS and Ethereum and to start collaborating with top content makers, such as Netflix, Amazon and Facebook.

👉MUST READ BNB Kicks IOTA Out of the Way, Taking Spot #12, Investors Inspired by Binance’s CZ and His Plans to Conquer DLT Field
BNB Kicks IOTA Out of the Way, Taking Spot #12, Investors Inspired by Binance’s CZ and His Plans to Conquer DLT Field

The approaching BitTorrent token sale

Edwards pointed out that the approaching distribution of BTT coins by BitTorrent will by no means be an ICO but merely a crowdfunding project with the assistance of Binance Launchpad, also a recently started project by Changpeng Zhao. On this platform, Binance allows promising projects to raise funds from the 10 mln traders on the exchange.

Tron surpasses Stellar

On Sunday, January 27, Tron (TRX) outdid Stellar (XLM) by market capitalization. Earlier, U.Today reported that Justin Sun had not been seeing Stellar as a rival and promised TRX would soon surpass it on the top-ten list.

At the moment of writing, TRX is trading at $0.0280. Its market cap value totals

$1 867 563 419.

Tron surpasses Stellar

 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles

Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
You may also like:

It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

👉MUST READ Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?
Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?

Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

👉MUST READ This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee
This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!
👓 Recommended articles