cryptodailytrading.com

Tron’s Market Cap Value Spikes 40 Percent in 2019, TRX Aims to Beat Telegram’s TON

  • Yuri Molchan
    📰 News

    Tron has been most active over the last few months, having demonstrated aggressive progress and a market value increase


Tron’s Market Cap Value Spikes 40 Percent in 2019, TRX Aims to Beat Telegram’s TON
You may also like:
Contents

Since its triumphal rise in December 2017, the crypto market heavily dropped throughout all of 2018. All digital assets then showed a tremendous collapse. However, Tron (TRX) managed to make a great technical advance, as well as strike numerous new partnerships. All of this helped TRX increase its market cap on an impressive scale.

Tron’s progress

At the time of writing this, TRX is trading at $0.0252. Compared to Bitcoin, it’s not so great. Still, as early as just four weeks ago, the coin was going at half of its current price on exchanges.

Over a month ago, Tron was the holder of the #11 position by its market cap value. Then it gradually moved to spot #10. After that, outperforming the hard-fork-born Bitcoin Cash SV, it got to position 9. Having briefly replaced Tether in place #8, it now occupies place #9 again.


Only two weeks of the new year have passed, however, Tron’s market cap has spiked 40 percent already.

Compared to EOS and Ethereum, Tron hosts a lot fewer dApps. Still, despite this fact and a fewer number of use cases, Tron seems to have potential for growing much faster than any other crypto in current market conditions.

👉MUST READ Tron Advances to #9 Position on CMC, BCHSV Retreats to Edge of Top-10
Tron Advances to #9 Position on CMC, BCHSV Retreats to Edge of Top-10

TRX price forecasts

Currently, Tron is welcoming dApp developers from other platforms, especially from EOS and Ethereum, and ensuring they get excellent financial conditions. Several famous dApp games have already migrated to Tron, one of them being TronGoo (formerly, EthGoo), which came from Ethereum.

Developers along with their dApps keep jumping under Tron’s wing, since EOS and Ethereum now seem slow, expensive to use and sometimes even problematic for exploitation. Every new decentralized app that joins the Tron network or the Tron Arcade gaming fund will, experts believe, push the coin’s price upwards.

Atlas project and BTT coin

Launched in the second half of 2018, the Atlas project intends to combine the BitTorrent network, which Tron also bought in 2018, as reported by U.Today earlier, and Tron’s blockchain. The users will be rewarded with the BitTorrent (BTT) coin, powered by Tron.

The idea is that Tron will integrate the hundred million BitTorrent users into its network, expanding the Tron-based economy.

In this plan, Tron seems to also compete (perhaps unaware of that) with the Telegram messaging app that conducted a closed ICO in 2018, intending to create the TON (Telegram Open Network) with its own coin, Gram, for hundred millions of users around the world.

Presently, Tron is growing where other crypto projects are staggering. As U.Today reported earlier, one of the goals Justin Sun has set for 2019 is to widely expand the Tron community and enter the top-four line of coins by market cap. Experts believe that there are good chances of achieving this.

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

It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future


It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future
You may also like:
Contents

Blockchain is commonly known as an immutable ledger that is impossible to hack, but there is always a looming threat of quantum computers. HCASH Chief Scientist Dr Joseph Liu, who claims that every single cryptocurrency can be hacked in a matter of seconds, has come up with his own coin that won’t be threatened by quantum hackers.

👉MUST READ Hackers Beat Crypto Out of DragonEx Platform, CoinBene Allegedly Conceals Suffering Malicious Attack
Hackers Beat Crypto Out of DragonEx Platform, CoinBene Allegedly Conceals Suffering Malicious Attack

The inevitable quantum takeover     

Quantum computers are generally considered to be the Achilles’ heel of Blockchain-based cryptocurrencies, including Bitcoin. IBM has already announced its first quantum computer with Google and Intel also working in that direction in 2019.


IOTA, which is powered by DAG dubbed ‘Tangle’, is considered to be the only quantum-proof cryptocurrency on the market, but there could be yet another option – Hypercash that recently presented its post-quantum secure Ring CT protocol.    

‘If you want to use this computer to break the … normal security, it’ll take maybe 500 years to break the system. If you use a quantum computer, maybe several seconds. Hcash is trying to provide security, even in the existence of this future computer,’ – he claims during a recent interview.

👉MUST READ Bitcoin Crime: Danish Hacker Gets 4 Years of Jail for Laundering Money Through BTC
Bitcoin Crime: Danish Hacker Gets 4 Years of Jail for Laundering Money Through BTC

A precursor to Monero     

The aforementioned quantum-resistance cryptocurrency is based on Liu’s research paper about a ‘linkable ring signature.’  Fun fact: that paper, which was published back in 2014, was used by the creators of Monero as the basis for the flagship privacy coin.

The Ring Confidential Transaction (RingCT) allows having an external verifier without exposing who that verifier is. Liu didn’t expect the coin to produce any significant impact, but now he is eager to improve the protocol of the billion dollar currency without getting any financial gains.

👉MUST READ How to Hack Bitcoin: All Possible Ways
How to Hack Bitcoin: All Possible Ways

High hopes for Blockchain

Despite his gloomy prediction about the quantum takeover, Liu is still certain that the future of Blockchain is bright. He is certain that there will be an increasing number of Blockchain-related jobs that will be coupled with growing academic interest in cryptography. There is will be many use cases of Blockchain technology in different spheres of our life.

Cover image via www.123rf.com
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
👓 Recommended articles