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Vechain gained $1.89 Billion market cap with its 5% hike!

Ranjitha Shastry



Vechain [VEN] gained $1.89 Billion market cap with its 5% hike!
Source: Pixabay

On 2nd June 2018, Vechain saw a rise in market cap by $1.89 billion at 16:14:22 UTC+05:30, which is the highest since the downfall on May 29th, which was to $1.60 billion. Approximately $67.42 million worth of VeChain was traded on exchanges in the last day.

This upward trend comes after the strategic partnership announcement and collaboration with slowmist in an effort to secure the VeChainThor Blockchain.

Ryan bedwell, a Twitter user commented on this announcement:

“Can we get it 1 day early? Simply because VeChain always under promises and over delivers?”

Following this update, the crypto project has been rebranded to VeChain Thor and has also released its updated whitepaper. This project did attract a lot of investors, and on the flip side, it faced some criticism as well for its rigorous code testing.

In an interview uploaded by Boxmining, Sunny Lu, Vechain’s CEO commented over this criticism by saying:

“any kind of software project or system project, you should put at least fifty percent of [your] budget in testing”.

Derek Chow, a Twitter user commented:

Sunny is a busy busy man! Cant wait for vechain in a bull market

Anders, a crypto enthusiast and a Twitter user commented:

VeChain is as always leading the pack and showing how it should be done. VeChainThor is bound for massive adoption and will, without doubt, become a top-tier blockchain! Viva VeChain 😉 $VET $VEN $BTC $ETH

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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

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

Namrata Shukla



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.

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