The Tron Foundation and CEO Justin Sun have been working on developing a world-class DApps network and if their weekly reports are to be believed, they might be inching closer to that goal. Tron Foundation released its DApps Weekly report on April 12 and informed the Tron community about the progress in the DApps ecosystem, ahead of the SUN Network launch in May 2019.
The report expanded on two major developments that happened over the past week. The first update was with respect to the dominance of gaming and gambling apps.
With 81 gambling apps and 57 games on the network attracting over 15,000 active users, developers have now shifted focus onto the gameplay and strategy of DApps. A significant amount of work has been funneled into this as developers scavenge for a breakthrough in the sphere. The report read,
“Many more complex DApp games have been put on the developmental agenda. At present, the growth of DApps is still driven by gambling games. But the cool-off of gambling games has caused a dip in the DAUs [Daily Active Users] of DApps.”
The second update was RatingDapp listing DApps on Tron’s public network. RatingDapp is a website which tracks the performance of DApps and presents the on-chain transaction record graphically.
Their report suggested that Tron’s weekly DApps had grown extensively over the past few weeks, in terms of transaction activeness and user acquisition.
The report also highlighted three DApps which were making strides in the ecosystem. The first was a game called BLOCKLORDS. The game won the grand prize at the Tron Accelerator competition.
The second app was MyWish, which allowed users to build and deploy their own smart contracts on Tron. What makes it unique is its ease of use and the fact that knowledge of coding is not a requisite for using the app. The app was first launched on the Ethereum blockchain in 2017, the report said.
The third app was Math Wallet, which received an update last week. It released an extension wallet while simultaneously offering support to Tron’s DApp ecosystem and Mainnet.
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Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump
The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.
At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96 million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.
According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.
Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.
Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.
At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.
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