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Tron (TRX) Is The Only Cryptocurrency With Gains In October

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In the latest altcoin news, we reported about the plunge of Ethereum (ETH) and Ripple (XRP) when each declined by more than 10 percent this October, after ten days of mostly bearish action in the crypto space.

However, one altcoin seems to have stolen the show last month. We are talking about TRON (TRX) which performance showed that the asset was stable in October – especially since it is a coin that is often volatile.

Earlier this year, Finder.com conducted a study that ranked the top fifty cryptocurrencies by market cap in terms of volatility. For the first time in two months of 2018, Tron ranked as the most volatile.

However, in October Tron saw a 30-day change of about one-quarter-of-one-percent with a movement that was occurring to the upside. Along with its founder Justin Sun, Tron has been accused of over-hyping partnerships on a multiple occasions.

This mysterious partnership, as announced by Justin Sun, turned out to be with a cloud computing company named Baidu – but according to some reports – Tron was only a client of Baidu and not a partner in the conventional sense of the word.

Currently, Tron is trading at $0.022568 with a small, but a positive incline. Meanwhile, other altcoins continue to bleed on the market. Throughout the month, Ripple fell by more than 18% while Litecoin (LTC) was down almost 17%.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Stefan is a full-time member and has been a Bitcoin Specialist for over 6 years. Providing daily news and updates for DC Forecasts.

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Tron News

TRON CEO Justin Sun Now Has His Weibo Profile Shut Down

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The TRON CEO Justin Sun has recently been banned from Weibo, which is seen as the Chinese alternative of the social media network Twitter. Weibo is the biggest microblogging platform in China and reports from Dovey Wan emerged showing that Sun is apparently banned from accessing his account on it now.https://twitter.com/DoveyWan/status/1205131643071021057Many cryptocurrency news sites reported how Sun got in trouble on his home turf after overmarketing his lunch with Warren Buffett. Sadly for the TRON fans, this lunch never happened and Sun did not learn from his mistakes after this drama - continuing to be "loud" on Weibo.This is how the platform decided to shut down the profile of the TRON CEO Justin Sun. But that is not all - in the news recently we saw that  the platform does not like Sun's aggressive marketing tricks which include failed Tesla giveaways and other controversies.As reported by many sites, Weibo banned the official accounts of Tron and Binance for "violation of law and regulation"on November 15 - and he claims that the account of Binance and its CEO Changpeng Zhao are still up and running.The Binance CEO was quick to weigh in on Weibo ousting Sun and claimed that all of this confirms a need for a decentralized social media protocol which was recently proposed by Jack Dorsey.https://twitter.com/cz_binance/status/1205137606910119937That being said, TRON is getting bashed a lot over the past days and weeks. All of this is obviously due to the TRON CEO Justin Sun and his constant provocations, spikes and all that is happening which leads many to believe that he is a man of words rather than actions - and is not liked for that in the crypto community.Despite all of this, the price of TRON (TRX) is relatively stable with a decrease of 2.48% today and now at $0.013 as the latest Tron news show.Meanwhile, other updates show that China decided to double down on its cryptocurrency clampdown after the President Xi Jinping endorsed blockchain technology and showed that a new wave interest is here in the speculative asset class.Reports also show that China still controls a whopping 66% share of Bitcoin's global hash rate despite the top cryptocurrency has been banned in the country ever since September 2017.
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Tron News

TRON News Announces New Logo With A Special Giveaway

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The TRX news today show that the major cryptocurrency recently got an update and has unveiled its redesigned logo, celebrating with a giveaway. The updates show that TRX apparently has a new branch now which will specializei n reporting. The outlet affirmed that the branch called Tron News will be "backed with facts" and be based on "integrity and transparency."As a media site, Tron News will presumably be reporting on Tron-related news and has already built a base of around 11,000 followers. In a recent announcement, the media portal unveiled its new icon. Still, there was some confusion in the public related to whether this brand change was for the main project or the news arm. However, our team at DC Forecasts can confirm that the new logo is reserved only for the media site, Tron News.https://twitter.com/TronNews_/status/1203123272298237952The new logo of Tron News was voted by the community members and will also follow an upcoming giveaway. As the news show, the rebrand and ramping up of the project's news arm comes at times when the CEO, Justin Sun, is stepping up his public presence.In other words, Sun is keeping a low profile after the entire Warren Buffett dinner fiasco. After this, reports showed that he wants to purchase the Poloniex exchange from Circle - but then Poloniex tweeted that they should buy TRON and then soon deleted the message entirely.Regardless, a bot was able to capture this deleted tweet which followed a lot of laughter and mocking from a lot of members in the crypto community. Additionally, Tron has been steeped in controversy due to the ongoing feud with Digibyte, where the founders of both platforms gave names for each other. In response to the fiasco, Poloniex (which is presumably under Sun's control now) has decided to delist Digibyte.When it comes to the price of Tron in the crypto news, despite the latest Tron News logo announcement, TRX is trading without a change and is still at $0.01. The cryptocurrency is 13th on the total list with $976 million in its market cap - a number which could increase soon and move TRX in the "billion dollar club" once again.
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Analysis

TRON Pumps Higher As Other Altcoins Start Dumping

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There is one cryptocurrency at the moment that resists the trend of losing the gains in the crypto markets and that cryptocurrency is Tron (TRX). Tron pumps higher than the rest of the market slowly becoming one of the best performers on the day as we are seeing in our TRX Tron news. Being low as 200 satoshis in the intraday, Tron increased 8% to reach 216 satoshis, a few hours ago. The gains in dollar terms have similar notions. The volume traded in one day has risen from something over a billion USD to $1.4 billion according to Coinmarketcap.com, while the market capitalization of Tron surpassed $1billion and that puts TRX at the eleventh spot. The founder of the project Justin Sun commented on the reasons that could have boosted the TRON momentum having in mind that all other coins are without any positive action. He stated:
“I know something big for the #TRON community, which will benefit all TRC10&20 tokens. $TRX $BTT $WIN. Can you guess what it is?”
 The announcement of Poloniex for the support for the TRC protocol and TRX base pairs is what the cryptocurrency community is rumoring about. Poloniex had a post with a similar cryptic announcement that was retweeted by Sun some hours ago:
 “We’ve been working on something big for the #Poloniex community. Can you guess what it is?” 
The Tron Foundation claims further network growth and impressive figures in the newest weekly report as TRON pumps higher. The latest advancements in technical development beside the on-chain and dApp data records for the network can be seen in the weekly report of Tron.There was also a growth of 61,000 new addresses in the last week, thus the total number of accounts on the network is now surpassing 4.17 million. In the past week, there were 7 million new transactions contributing to the network and surpassing the total number of 800 million. Maintaining its rate of growth by 0.6% the numbers of dApps on the network made it to 632.The announcement about the launch of the Nile Test Network launch also came from the foundation so it’s no surprise that the project has been winning awards on Chinese crypto media which tends to favor the homegrown platforms.  The Tron fundamentals are continuously improving but there is still a lot of FOMO with the anticipation of the Poloniex listing. TRX is one of the best-performing assets at the moment. 
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Tron News

Justin Sun Triggers Markets With New Acquisition Rumors

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Justin Sun triggers the markets with a new announcement that he made of an alleged TRON acquisition but there were no further details forthcoming however he suggested that the public should ‘’stay tuned.’’ In our TRX Tron news, we take a closer look at the latest announcements.A lot of the participants within the crypto market, see Justin Sun as a more of a publicist and with his long history of hyping sensational news which has proven to be a non-event or even a lie since the skeptical among us remain suspicious over the announcements today. The best example of his actions was when the CEO of TRON should have attended the charity lunch with Warren Buffett which of course, never happened. At the time, Sun claimed that he had serious problems with kidney stones and he said he will re-schedule the meeting.However, soon after, the rumors emerged that he was detained by Chinese authorities on the grounds of fraud investigation and this was later refuted after the footage of him live streaming from San Francisco emerged. Five months later, we have still no information about what really happened or whether the launch will ever occur. Sun admitted to his status as a sensationalist character and regarding the power lunch, he apologized and said:
 “My immature, naive, and impulsive conducts with my big mouth have turned it into an out-of-control and failed over-marketing hype and led to a significant series of unexpected consequences.”
Despite the fact that some people accuse him of being a shameless promoted, he is still a prominent figure in the crypto world and his announcements have been out of the park recently. To start with, Justin Sun triggers the crypto markets again once Tron has been integrated into the Samsung Blockchain Keystore. All of the Samsung S10 users can now access the tron tokens and tron dapps via their smartphone. Sun said:
 “I believe that this partnership is big news for the crypto industry. Right now, TRX is the native currency embedded within Samsung phones after the S10 and S11. That’s why I believe it’s very significant considering Samsung’s large user base, in which billions of people around the globe use their products every day.”
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