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Tron News

TRON Is Dying As TRX Struggles To Find Bullish Support

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TRON Is Dying
FO6E3842CAC44 - TRON Is Dying As TRX Struggles To Find Bullish Support

TRON is dying after the project started crashing due to the Buffet lunch disaster and the altcoin is now struggling to find bullish support as we can see clearly in the altcoin news analysis.

The bigger part of the community of the hyped Tron cryptocurrency is dropping fast a huge rate as the data analytics firm The Tie claimed today that the tweet volumes of Tron have decreased by 59 percent since June. It shows that neither the Chinese company nor the followers are making big efforts to keep the momentum up. The data shows evidence in the shrinking market valuation of TRX as the TRX/USD instrument at press time is trading more than 60 percent down from the year-to-date top on Binance crypto exchange. At the same time, TRX seemed even weaker against the number one cryptocurrency bitcoin with the relative value down by more than 80 percent to this time of press.

The social media relevance has a very important role in the crypto space since the projects with maximum followers and engagement rates are getting more speculators into buying their native asset. TRON managed so far to keep the overall returns into the positive territory but it seems like the investors have started seeing Tron as an overhyped project which reflects in the way that the blockchain startup has lost its capitalization to some of the other projects. The Tie believes that Sun’s idea with the charity auction launch has only backfired as he was trying to convince Warren Buffett to get onto the crypto wagon. He called off the lunch and he has since avoided discussing the lunch-date with Buffett:

‘’Tron saw a massive surge in tweet volume to ~500 daily tweets in June after Justin Sun’s announced lunch with Warren Buffet,” commented TIE. “Since June, tweet volumes have fallen by 59% and are approaching November 2017 lows as [the] price has fallen from a 12-month high of $.039 to $.016.’’

While Sun issued a huge apology after the delaying of the lunch, it seems like TRON is dying because of the consequences. He stated that he excessively advertised the event and that his actions got out of control but for the traders, it seems like Bitcoin is far more attractive crypto with a market dominance of more than 70 percent as we learned in the latest cryptocurrency news.

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Blockchain News

TRON And Stellar Are Part Of A New Blockchain Education Alliance

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tron and stellar
Tron and Stellar - in fact the Stellar Development Foundation - are featured in the news as being part of a new alliance which will provide university students with a working knowledge about blockchain technology.As a news release shared in the latest crypto news shows, the top crypto projects Tron and Stellar will actively work together to form a new educational alliance which will provide university students with the connections and knowledge they need to successfully enter the blockchain industry workforce.Tron and Stellar are part of a 11-member project which will focus on the Blockchain Education Alliance as an organization that will jointly develop and fund a number of educational initiatives in order to bring blockchain technology to the masses.The new alliance is currently spearheaded by the blockchain accelerator MouseBelt - which is the key player that wants to build a network of industry leaders and bring blockchain technology to the forefront. The Stellar news show that TRON and Stellar will be active members in this initiative.As the director of MouseBelt Ashlie Meredith recently said, students are eager to be educated by blockchain experts. She added:
“Universities need established experts in the space to help develop curriculum and projects — and Stellar, TRON, Hedera, ICON, Ontology, Wanchain, Harmony One, Nervos, Orbs, LTO Network, Emurgo, NEM, and ETC Labs are well positioned to share valuable knowledge. We have an opportunity to have a positive impact on how blockchain technology is introduced to students, which will result in more blockchain developers, more innovative research, and higher quality companies.”
Tron and Stellar are now in the focus of the news for their potential of bringing more funding to students' activities and expand their educational opportunities in the field.The blockchain education initiative is seen as a major success already, supporting research and entrepreneurship in students. Before this, MouseBelt has launched a similar initiative in August at UC Davis, UC Los Angeles and UC Santa Barbara in order to support blockchain-focused education, too.
“We aim to help these universities become a driving force for innovation in the blockchain space, as well as provide students and researchers with the opportunity for both theoretical and industry experience,” Meredith said at the time.
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Tron News

Tron Network Experiences Overwhelming Bot Activity

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tron network
The TRON network experiences increased bot activity made possible by the very protocol for producing the TRX blocks through Sugar Delegates as we are about to read in the TRON news below.The TRON network showed the statistics compared to Ethereum and EOS and multiple accounts the new distributed apps and activity is picking up and these seem to be an indicator for one of the most robust crypto ecosystems. The new analysis shows that the increased activity of TRON distributed apps may be the result of the deployed bots. The team discovered:
 “Analyzing the Top 10 gambling Tron DApp transactions in Q1 2019, we have determined that blockchain bots contribute to 30.7% of unique accounts and 19.3% of transactions.’’
The study also discovered that the bot activity is not evenly distributed and affects only some of the apps. The TRON dapps showed almost no bot activity and currently, the top dApp on TRON is 888TRON which is a gambling and gaming offer. The second dapps is BeeHive which was marked as a high-risk and WINk as well. The top dApps have thousands of users per day. According to TronScan the network has about 3.76 million unique accounts which are constantly growing over the past year and the research confirms that there is a suspicion that not all account creation is organic.In the third quarter of 2019, the TRON network reportedly added 500,000 users of its mainnet based on the latest Dapp report. The network is yet to overtake Ethereum since its dapps have a specific profile and most of them are for various forms of gambling. Tron added the WINk token and a prominent gambling app which increased to extraordinary activity. The gambling apps also show increased growth of users in comparison to similar apps on the Etheruem network and one of the reasons is that the Ethereum dapps need constant gas payments while using the TRX tokens is free. Despite the increased activity as we can see in the blockchain news, the market price of TRX is slightly depressed. TRX slid to $0.015 with no signs of recovery. The price activity of the altcoin is yet to be seen in the upcoming recovery on the market.
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Tron News

Justin Sun Claims Getting TRON Listed On Major US Exchange Is Priority

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Justin Sun
Tron is featured in the coming altcoin news again, after a turbulent period in which it has been facing a lot of ups and downs. A lot of rumors and news developments have been contributing to the incurred volatility of this altcoin. However, the founder of TRON, Justin Sun claims that what's a priority right now is getting the altcoin listed on a United States based exchange.What's interesting is that Tron is not currently available on any major US exchange platforms such as Coinbase. However, the latest cryptocurrency news show that Sun is apparently getting the crypto listed on a platform like Coinbase as one of this top priorities.Despite it being known as a controversial coin in the altcoin news, Tron has a massive audience and a big size and popularity. In fact, the community behind it is very loyal and the cryptocurrency has a $1.4 billion market cap which speaks alone for its achievments - making it the twelfth largest cryptocurrency.Even with this, Justin Sun claims that Tron should be even bigger. He explained that even though the altcoin is not currently listed on any major US exchange, this may soon change. He explained that getting the embattled crypto listed on Coinbase or another major exchange open to US investors is his number one priority at the time.
“Yes. It is our #1 priority now. We will have a full team including me dedicated to this matter. We will get all these things done with #TRON speed!” Justin Sun said while responding to a tweet in which someone claimed that “big investors are very concerned.”
https://twitter.com/justinsuntron/status/1159926292898299904Just like many other altcoins, Tron has been slowly bleeding out over the past month, mainly because of Bitcoin and its growing dominance over the aggregated crypto markets as the investors flee altcoins. As he said on many best cryptocurrency news sites, Justin Sun claims that Tron needs to be bigger and that the cryptocurrency will definitely do that.The bearish price action on the market continues and forces a lot of Tron investors out of the cryptocurrency. Unless BTC begins surrendering some of its dominance, it is very likely that Tron will continue facing a downwards pressure.
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Tron News

Tron And USDT Partnership Going Well-$1 Million In Bonuses Issued

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Tron And USDT
Tron and USDT partnership seems to be going well since there were more than $1 million in annualized bonuses issued according to the blog post of the foundation which we are reading more about in the latest cryptocurrency news below.Of course, not everything is as simple as it seems. You remember the time when Justin Sun promised to give a fan a new Tesla Model 3 and he eventually did after he was pressured by the community after he awarded to someone else? Well now with the new Tron and USDT partnership, everyone in the network was expecting a little bit of the controversial stablecoin in their wallet. This is true since Sun originally promised about $20 million but the details of the story are not so simple. The users will not get free USDT coins unless they already have some. The adoption of the controversial cryptocurrency has been going really slow with just about $100 million of the roughly $2 billion stablecoins released into circulation and according to the blog post we can read that:
 “As of August 6, the total amount of TRC20-based USDT rewarded in 23 days was 712,478.662307 USDT and a total of 37175 accounts received the reward. According to the USDT price on Bitfinex, the total value of the reward in 23 days was equivalent to $715,027.02537.”
With the scandals hovering around Tether, it seems very easy to explain why there are less than $1 million of the funds available and distributed so far. Tether is currently available on Bitcoin via the Omni Layer, Ethereum on the ERC-20 token and TRON as a TRC-20 token. The reserves of Tether have been called into question multiple times since a series of events lead to an admission that there could only be 74 percent backed by the USD.The ongoing scandals are still not resolved and they are surrounding a huge pile of cash that is invested into tether by the crypto investors since 2014. As we can read in the altcoin news, Justin Sun tweeted back on Wednesday about the subject. He even praised Chinese socialism and broke down the rumors that he was running away from Chinese authorities. He later apologized for canceling the lunch with Warren Buffett because of alleged kidney stone.
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