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[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!
[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!

TRON News - Tron Takes On Board Most Popular Ethereum Game, TronGoo, TRX Adds 11 Percent

  • Yuri Molchan
    📰 News

    Twitter reports that one of the most popular game dApps powered by Ethereum has changed platforms, is joining Tron for better scalability and higher transaction speed

Tron Takes On Board Most Popular Ethereum Game, TronGoo, TRX Adds 11 Percent
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On Saturday, January 5, Tron Arcade, the crypto fund set up by Justin Sun for helping developers make new gaming dApps, tweeted that as of today, one of the best Ethereum-based games, EtherGoo, has now joined Tron, changing its title to TronGoo.

 

Tron’s picking up what Ethereum is losing

EtherGoo is considered one of the most popular gaming dApps made on the Ethereum network, it was launched after the popularity of CryptoKitties skyrocketed.

However, due to the numerous problems Vitalik Buterin’s network faced in 2018, mostly to do with scalability and the long time each transaction took to complete, Tron has been recently positioning itself as an opponent of the ‘crypto dinosaur’ made by Buterin.

One of the most famous steps made by Tron regarding Ethereum is that Justin Sun set up a fund suggesting that dApp makers from Ethereum (and EOS) leave their platform and join Tron and promising no lack of finance.

Previously, by the way, as reported by U.Today, one of the top teams of ETH Classic had to close down due to the lack of finance. 2018 was hard for many in the crypto sphere indeed. Some did not make it to 2019, and some may be just losing their lead.

Besides, Sun keeps comparing Tron’s new milestones to the current state of Ethereum.

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As one can see now, game developers are among the first to accept this offer. By now, a popular Chinese blockchain-based MMORPG (Massively Multiplayer Online Role-Playing Game) KuaiXiYou has joined Tron Arcade. Now, it is TrongGoo (the upgraded EtherGoo).

The latter is the top gaming dApp on Ethereum in terms of daily active users and the amount of daily transactions. The new version of the game has been launched with Tron.

TronGoo allows earning TRX, whereas previously the rewards for gaming were paid out in ETH. Playing the game requires a crypto wallet compatible with Tron.

Justin Sun’s plans for 2019

Currently, Tron is among the few coins on the top-10 list that are in the green. TRX is showing an 11.18-percent spike, largely due to the launch of the Tron-based BTT coin by BitTorrent and also owing to the news about the TronGoo.

At press time, TRX is trading at $0.0226.

Among other plans of Justin Sun for Tron this year is entering the top-four line of crypto assets. To do this, it would have to at the very least push out Bitcoin Cash (#4 asset) and double its current market cap.

plans for 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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Contents

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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