The Chinese Lunar year seems to have started off well for the Tron Foundation as the company has listed multiple update developments and future plans in its latest DApp weekly report. According to the report, the Tron community has developed 8 decentralized exchanges, 65 blockchain games, 47 games, 6 collection games, and 3 candy box projects.
The report also claims:
“In the current development of DApps in the entire industry, whether it is the layout of DApps or the user activity of DApps, Tron is in the leading position in the industry.”
The Justin Sun led company has said that the total number of DAUs are around 50,000 and the weekly growth maintains a growth rate of more than 10 percent. The company has aimed to reach the 100,000 mark in the first quarter of 2019.
Tron also talked about the developments in the Tron DApp UX department. Tronbet seems to be the go-to DApp for Tron and the organization claims that the “there has not been a Tron DApp that can shake up Tronbet’s trading volume”. The report also touched upon the DApp Cooperation undertaken by the company. It said:
“While developing the DApp ecosystem, Tron is also committed to bringing more Tron project parties and tokens to the traditional blockchain coin holders. Therefore, Tron has been collaborating with numerous token information websites to open up a Tron-specific area and exhibit the Tron project and token.”
Tron was also in the news recently when Tron’s BitTorrent grabbed the sixth position of trading volume. The reason this news was significant is the fact that it even left XRP and TRX behind in terms of volume. This good news for Tron came in the wake of the BTT token public sale that was done in association with the Changpeng Zhao led Binance. The public sale had gotten over in record time which was even announced by Justin Sun and CZ. Sun had tweeted:
“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”
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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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