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TRON News - Tron (TRX) Reports 27 Mln More Daily Operations Than ETH and EOS Do Together

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🏇🏆🚴‍♂️After Tron and EOS got off of Ethereum’s ERC20 system last summer, the three platforms have been in competition, each reaching new milestones to outdo its rivals
Tron (TRX) Reports 27 Mln More Daily Operations Than ETH and EOS Do Together
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The other day, Justin Sun spread word on Twitter that the number of daily blockchain operations conducted by Tron (TRX) has surpassed EOS and ETH put together. Now Tron has reportedly outperformed both rival blockchains, having made 27 mln more transactions per day than its competitors.

Tron leaves EOS and Ethereum behind

The total amount of transactions being conducted on the Tron blockchain daily is nearly 44 mln. As for Ethereum and EOS, the figures are 11.6 mln and 4.4 mln.

If you put the results of Ethereum and EOS together for March 6, that will amount to 16 mln. Tron surpasses this amount by around 27.6 mln daily operations.

Initially, Tron chose Ethereum as a competitor and was doing its best to surpass it by all metrics. One of the milestones that Justin Sun set for Tron to achieve in 2019 is get into the top four line of cryptocurrencies – potentially intending to get as close as possible to Ethereum or hoping to push it from place #2, claiming a spot next to Bitcoin itself.

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Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike

Another BTT airdrop is coming

On Sunday, Misha Lederman, the CEO of Iamdecentralized.org and a big Tron supporter, tweeted that the next scheduled BTT airdrop is about to take place. The event is expected within 3 days (72 hours as the tweet mentions).

Regular BTT airdrops are performed via exchanges and crypto wallets that support this BitTorrent promotional initiative.

Tron’s current market position

At the time of writing, Coinmarketcap shows that TRX is trading at $0.0225. The token currently holds place #10, where it was recently moved to by Stellar. As of now, Tron is showing a drop of 0.27 percent over the last day.

Tron’s current market position

 

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Jack Thomas

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

☀️📈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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