TRONTRON TRX news

Decentralized content distribution platfrom focusing on entertainment. TRX is the cryptocurrency on its blockchain
Price, 24h
0.02409 USD / 0.00000434
-3.02% / -6.25%
Volume, 24h
197,158,143 USD
-5.39%
Marketcap
1,646,524,396 / 0.90%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

Tron (TRX) Struggling to Scale? Down 5.7 Percent

Tron (TRX) prices stable at 2.5 cents Critics claim Tron cannot scale and SUN side chains is a cover for that deficiency By default, Tron claims to be scalable with high throughput. However, critics are back arguing that the SUN Network is a cover for the network’s inability to scale and handle BitTorrent’s requirements. In the meantime, Tron (TRX) prices are ranging and down 5.7 percent from last week’s close. Tron Price Analysis Fundamentals There is Blockchain trilemma, and here developers are struggling between striking a balance between decentralization, security, and scalability. Of the three, Tron supporters are confident that the network is secure and scalable. Of decentralization, the adoption of DPoS consensus algorithm means 27 super representatives do validate and secure the multi-million-dollar network. Like EOS, Tron architects did prioritize scalability and speed over decentralization. However, there are also concerns because even in a high throughput network, security is not a guarantee. Besides, a high TPS platform calls into question the level of centralization of which Vitalik caps saying all high TPS network are in essence “centralized piles of thrash.” Regardless, Tron is developing, and as a scalable network, Justin Sun is planning on side-chains in a bid to improve the platform’s capacity. Even so, is Tron trying to cover the inadequacy of the platform by introducing SUN networks after finally realizing that their “DPOS AWS chain can’t scale, so you add another DPOS chain on top of it?” When you finally realize your DPOS AWS chain can't scale so you add another DPOS chain on top of it https://t.co/Ps6msDVSvh — James Spediacci ⟠ (@JamesSpediacci) April 3, 2019 Here’s what Simon Morris, a former executive of BitTorrent had to say: “I suspect that what they’re really going to do is they’ll do it on some central server, they’ll wave their hands and say, ‘Oh, it’s a Lightning Network for TRON,’ or something, and pretend it’s TRON-based, but it’s not really TRON-based.” Candlestick Arrangement At the time of press, Tron (TRX) is down 5.7 percent and in red territory. By all measures, the coin is underperforming and out of the top-10 by market cap. Nonetheless, candlestick arrangement points to bulls. As visible from the chart, Tron (TRX) is finding support off the 50 percent Fibonacci retracement level of Dec-Jan high low. Coincidentally, the level is also our previous resistance now support, at 2.5 cents. Moving on and in line with our last TRX/USD trade plan, aggressive traders should wait for a complete reversal of Apr-21 losses. After that, assuming the reversal is at the back of above average transaction levels, then can initiate buys on dips with targets at 4 cents. Meanwhile, conservative traders should ramp up once TRX edge past Apr-8 highs of 3.1 cents. Technical Indicators In the short-term, Apr-21 bear bar anchors our trade plan. With high volumes—5.2 million, bulls need to reverse these losses with equally high volumes for trend continuation as buyers of Mar-23 to Apr-2 flow back. Chart courtesy of Trading View Tron (TRX) Struggling to Scale? Down 5.7 Percent was last modified: April 23rd, 2019 by Dalmas NgetichThe post Tron (TRX) Struggling to Scale? Down 5.7 Percent appeared first on NewsBTC.
NewsBTC/analysis

Tron Weekly Report Shows Accounts Surpass 8.3 Million and New BitTorrent (BTT) Updates

The Tron Foundation has recently released a new weekly report in which they inform the latest issues on the Tron (TRX) network and ecosystem. One of the things they informed is that BitTorrent (BTT) airdrops for April have been completed. Moreover, they have provided the latest numbers about the users on the Tron network. Tron […]
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Tron [TRX] sets new block height record as Justin Sun stresses on mainstream adoption

Tron [TRX] and its Chief Executive Officer [CEO] Justin Sun have been key proponents of pushing cryptocurrencies into the realm of mainstream adoption. This claim is supported by multiple updates and developments put out by the Tron roster, most of them leaning towards network upgrades and partnerships with other organizations. The organization has also ensured that it stakes its place by bringing in Web 4.0, with the added advantage of topping its closest rivals, Ethereum [ETH] and EOS.  Tronscan, an analysis tool that keeps tab on the Tron network, gave Tron another reason to rejoice after it stated that the block height on the Tron blockchain had increased again. Tronscan’s tweet read, “According to the latest data from #TRONSCAN, block height of TRON has exceeded 8.6 million on April 23. TRON ecosystem has developed rapidly and continues to make efforts to build the #decentralized internet. #TRON $TRX” The block height jumped to 8,614,366, an increase of 614,366 in under 20 days. Tron’s block height had breached the 8 million mark on April 3. The new block height record was created when the number of online nodes was 1193 and the total number of accounts was at 2.61 million. Some users however, were not impressed with Tron’s latest announcement, a sentiment captured by Gareth David, a cryptocurrency enthusiast. He tweeted, “The only problem is that the internet is technically a single network and while using the traditional form of internet, it will never really be decentralised.” Tron was in the news recently after it was reported that the Tron blockchain occupied 2 percent of all existing Tether [USDT] supply. The news came after the USDT-TRX partnership went live on the Tron blockchain last week. Talking about the achievement, Sun announced that Tron will achieve 50 percent of USDT supply by the end of 2019, something that was not met with positive reactions in light of the falling prices and market cap. The post Tron [TRX] sets new block height record as Justin Sun stresses on mainstream adoption appeared first on AMBCrypto.
AMBCrypto

Tron (TRX) Price Likely Approaching Next Significant Break

Tron price extended losses and traded below the $0.0260 support level against the US Dollar. TRX tested the $0.0244 level and it is currently consolidating near the $0.0250 level. There is a key bearish trend line in place with resistance at $0.0260 on the 4-hours chart (data feed via Bitfinex). The price must break the $0.0258 and $0.0260 resistance levels to move into a positive zone. TRON price is currently under pressure against the US Dollar and bitcoin. TRX seems to be forming a decent support above $0.0242 and it could attempt to rebound above $0.0260 and $0.0280. Tron Price Analysis This past week, TRON price consolidated above the $0.0260 support area against the US Dollar. The TRX/USD pair failed to gain traction above the $0.0275 resistance, resulting in a bearish reaction. The price resumed its decline below the $0.0265 and $0.0260 support levels. There was a break below the $0.0255 support as well along with the 55 simple moving average (4-hours), and the price finally spiked below $0.0250. A new swing low was formed at $0.0244 and recently the price corrected higher. It broke the $0.0250 level and the 23.6% Fibonacci retracement level of the last decline from the $0.0274 high to $0.0244 low. However, there are many hurdles for tron buyers on the upside near the $0.0260 level. There is also a key bearish trend line in place with resistance at $0.0260 on the 4-hours chart. The 50% Fibonacci retracement level of the last decline from the $0.0274 high to $0.0244 low is also near the $0.0260 level. A clear break above the trend line and then $0.0262 is needed for the bulls to gain control. If there is a successful close above the $0.0260 and $0.0262 levels, the price is likely to climb towards the $0.0275 level. If there are further gains, the price may revisit the $0.0300 resistance area. On the downside, the main supports are $0.0250 and $0.0245. If there is a bearish break below $0.0245, the price is likely to resume it slide below $0.0240 and $0.0220. The chart indicates that TRX price seems to be preparing a support base for a decent rebound above $0.0260. However, the bulls must gain momentum above $0.0262 to start a strong upward move. If they continue to struggle, there is a risk of a fresh decline below the $0.0250 support area in the near term. Technical Indicators 4 hours MACD – The MACD for TRX/USD is currently flat in the bullish zone, with a few positive signs. 4 hours RSI – The RSI for TRX/USD is currently just below the 50 level. Key Support Levels – $0.0250 and $0.0245. Key Resistance Levels – $0.0260, $0.0262 and $0.0275. The post Tron (TRX) Price Likely Approaching Next Significant Break appeared first on Live Bitcoin News.
Live Bitcoin News

Tron Price Inches up but TRX/BTC Gets Absolutely Battered

There is an abundance of bullish momentum affecting all of the cryptocurrency markets today. That is a very interesting development worth keeping an eye on in the near future. With Bitcoin popping off, it seems alternative markets follow suit pretty quickly. The Tron price still has some work to do first and foremost, but there isn’t much to be concerned about in that regard. Tron Price Momentum Lacks Real Conviction It is not uncommon to see alternative markets struggle when Bitcoin is noting some rather big gains. Although it is usually a temporary a matter of time until things return to normal, one has to keep in mind Bitcoin dictates the pace for everything else. Tron is under a fair bit of pressure when it comes to the current Bitcoin trend, primarily because the TRX/BTC pressure is still firmly in place. That in itself will worry a lot of traders and speculators, but it is also to be expected. To put this in perspective, the Tron price itself is up by 1.32%, which will keep a lot of people very happy. A value of $0.025281 is more than respectable in this regard. However, the worrisome development is how TRX/BTC continues to decline in value at an alarming rate. Ever since the 600 Satoshi level was breached, it didn’t take long for this ratio to keep drifting lower. Today, it sits at 457 Satoshi, and may go even lower before the day is over. That in itself is a bit worrisome, although there may be some changes when people least expect it. Despite the price woes, there are plenty of developments happening within the Tron ecosystem. First of all, the Tron block height surpassed 8.6 million earlier today. Given the ongoing growth of Tron and how the dApps boost overall transaction numbers as well, things are getting very interesting in that regard. It is also a sign of overall ecosystem growth, which will be of great interest to long-term Tron investors and holders. According to the latest data from #TRONSCAN, block height of TRON has exceeded 8.6 million on April 23. TRON ecosystem has developed rapidly and continues to make efforts to build the #decentralized internet. #TRON $TRX @Tronfoundation @justinsuntron pic.twitter.com/MMdO1fQwGa — TRONSCAN (@TRONSCAN_ORG) April 23, 2019 A recent message by the Tron Foundation is also getting a bit of attention. More specifically, it would appear a recent Meetup involving the Tron USDT launch has been well received by the San Francisco crowd. No one will deny Tron has been doing a lot of things right in recent months, but there is still plenty of work to be done in the years to come. Organizing events like these are also of great value, as it keeps the community engaged at all times. RT Tronfoundation "#TRON #TRC20 Based #USDT Meetup themed Stablecoins and Mainstream Adoption was held in San Francisco. Check it out. #TRX $TRX https://t.co/eQvojAieIA" — TronMacau(SR) (@MacauTron) April 23, 2019 Last but not least, there is the other Tron-related project known as BitTorrent Token. Albeit BTT has not performed all that well by any stretch of the imagination, the token is now listed on ChangeNow. It is a platform which supports registration-free swaps of dozens of different cryptocurrencies, tokens, and assets, which can introduce some interesting trading volume changes for all supported markets. #BTT is available on @ChangeNOW_io, you can get your $BTT through easy registration-free swaps with more than 160 #cryptos. pic.twitter.com/v2MLFz1AxO — BitTorrent Inc. (@BitTorrent) April 23, 2019 When looking at the bigger picture, it would appear there is not necessarily much to be concerned about as a Tron holder. While the TRX/BTC ratio continues to get battered first and foremost, the USD-based gains are still in place as of right now. If Tron can sustain itself above $0.025, there could be a very interesting week ahead. In terms of TRX/BTC, however, it would appear the drop to 450 Satoshi and possibly lower is all but inevitable right now. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Tron Price Inches up but TRX/BTC Gets Absolutely Battered appeared first on NullTX.
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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
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USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
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