Connect with us

Altcoins

TRON [TRX] expands their tech as platform adoption increases!

Santhosh M

Published

on

Tron expands their tech
Source: Medium - Tron Labs

TRON has increased its technical team slowly and steadily with the new value addition being Matt Yue —the former Senior Software Engineer of Meituan and LeEco.

Tron is a platform that aims to transform the Internet back to a decentralized platform by giving the power back to the public instead of centralized architecture. Though it’s token TRX has been trading in the down low like all other tokens, the platform has seen a steady increase in the number of people signup with its products. With an average daily volume of $137 million and a $236 million market cap, the current value of the token is at $0.039

Currently, 3,000,000 TRX token is in circulation and it has fallen slightly over 20 percent over the past week as the entire market faces a bearish grip which its still trying to come out of.

TRON gives the power to the general public to create and circulate content for free without depending on the centralized service providers and implements the blockchain technology to full use where anyone can issue to digital asset in form of TRX that is being protected by smart contracts.

Robert Wong, an Investment Advisor at Barclays says,



“Tron now has a big user base, you can’t be in the Top 20 coins if you don’t have value”

With Bitcoin crossing 10,000 USD this week, many expected that the market is out of danger but the slight pullback shows that people are still double minded about the bearish markets. Amidst the slow decrease of TRX, the platform in itself has seen an increase in the number of people supporting and using DAPP.

With the market still under a situation where most experts can’t conclude whether this shall be the end of the bearish market or still it may continue? The investors are also way too precautionary.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Santhosh is a full-time reporter at AMBCrypto. He is an engineer with a major in Mathematics and Computer Science. He developed a key interest in the blockchain space and has been studying and researching about it ever since. He is currently authoring a book on Blockchain and its use cases in the Education domain. He currently does not hold any value in any cryptocurrency or its projects.

Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

Published

on

Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending