The bulls are apparently up and running, as we can see from the latest digital currency news. One of the biggest movements in the new swing was recorded by TRON (TRX) which managed to jump by more than 8.5% against the US dollar, proving its strong momentum.
The altcoin pair TRX-to-USD was trading at $0.023 yesterday and was down by around 4% from its intraday high. However, as the bulls woke up, the pair has recorded an upswing that made it correct to $0.024 and with this set new intraday highs.
In total, the market surged from around $125 billion to $131 billion in the past 24 hours, adding $6 billion to the table. Some of the altcoins that made the news include the names of Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) which all led the bullish correction with gains that ranged from 10% to 20%.
Ethereum and Bitcoin Cash, on the other hand, have also jumped and registered 5% movements on the upside. Bitcoin and XRP were more modest, jumping by 2% to 3% as the market went above the $130 billion mark.
The upside that was recorded by Tron (TRX) moved in the direction of the overall market trend and had a potential to sustain owing to the strong fundamental factors. This has a lot to do with the controversial firm (behind the stablecoin) Tether (USDT) and its recent announcement that it would launch USDT on the Tron blockchain.
#TRON is partnering with @Tether_to, officially introducing USDT into the TRON #blockchain. This integration will elevate our dApp ecosystem, increase DEX liquidity, and enhance accessibility for Partners and institutional investors. $TRX $BTT https://t.co/OL6gFK1C0h— TRON Foundation (@Tronfoundation) March 4, 2019
Analysts hope that the upswing will continue but may not be as strong as the one recorded over the past 24 hours.
Ex Employees At TRON Sue Justin Sun For $15M Over Alleged Harassment
“The kind of worker that defendant Justin Sun sought: an employee who was mainland Chinese, would not object or “rock the boat” when they saw actual or potential illegal activity [...] and who would work [...] from 9 a.m. to 9 p.m. daily, six days a week [...] without [...] voicing any concerns about illegal, unethical, immoral or unscrupulous business activities."Juraszek now claims that he faced punitive treatment over his objections to the firm's activities. He said that the termination of his employment was mainly orchestrated by Li, with the latter advising Juraszek's supervisor to hold him to "impossibly high engineering standards" that he "could not possibly accomplish." Now, he claims that the pressure was little more than needed for his own objections to Rainberry's "sordid and unethical" business choices.Many cryptonews outlets tried to reach Sun for comment, but did not receive an immediate response as of press time.
TRON Will Soon Include Zcash-Based Privacy Features
Tron Surpassed EOS In Number Of Active Dapps, Ethereum Remains First
Bitcoin Influencer Claims Tron (TRX) Will Overtake Ethereum (ETH)
“Watching Justin Sun discussing Tron+Poloniex. Tron is *so* going to flippen Ethereum in the next year or so, it’s not even funny. All of the DeFi bois don’t realize it yet, but they’re going to work for Just when he acquires ConsenSys.”A few years later, the Bitcoin influencer went in detail regarding why he thought Tron was more effective. He said:
“TRON: More blocks, more transactions, fast development, business acumen, more usecases, proven to be censorship resistant so far.ETHEREUM: Slow, inefficient, inflexible, development hell, complete lack of business skills, tyrants censoring whatever they dislike.”Many analysts and commentators on Twitter followed the Tron and ETH news and speculated that Wertheimer was trolling Sun. The claims correlate with his Medium bio, which includes the word "troll" as a descriptor.Whether he was serious or not, Wertheimer continues to discuss the subject now. We can see this from a recent tweet which is featured below.https://twitter.com/udiWertheimer/status/1210701169263288320According to DappReview which is a company that tracks the performance of blockchain based decentralized applications and its report from mid-December, Ethereum remains the king of decentralized apps. This is contrary to what the Bitcoin influencer claimed.
“Ethereum remains the most significant smart contract blockchain. It grew the daily user base of its dapp ecosystem 118% in 2019, with daily value up 166%," the report reads. "Ethereum is also the only blockchain to-date to successfully grow dapps across the four main categories: DeFi, Exchanges, Games, and Gambling and High-Risk."As for Tron and TRX, the data tracker says that the network's decentralized app ecosystem grew significantly (by 93%) but still “remains heavily concentrated in the Gambling and High-Risk categories.”
Bitcoin Cash Dev Tax May Still Roll Out Despite Roger Ver’s Support
City Of Zermatt (Switzerland) Officially Accepts BTC For Tax Payments
Cardano Nears Smart Contract Implementation: Report
If BTC Breaks Through $9,500, This Q1 Will Be The Best Since 2013
Bakkt BTC Options Volumes Are Dull One Month After Their Launch
Financial Institutions Start Using Stablecoins In 2020: Report
The Mega Rejection At $9,200 Which Worried BTC Bulls
Crypto And Blockchain Firms Are Trying To Help Coronavirus Victims
Bitcoin Needs PR From People Like Peter Schiff: Binance CEO
Bitcoin Gold Got 51% Attacked, Now Surges By 19%
China Declares Bitcoin As Property! Central Banks Prefer Crypto? SONY “Contactless” Hardware Wallet
JPMorgan Predicts A 60% Recession, Is Crypto The Best Chance Now? | [Bitcoin News // Crypto News]
Ethereum Sees Record Number of Shorts! NEM Blockchain Hub | Samsung Blockchain Supply Logistics
Crypto Jobs Up 300%! Lost BTC 20% Rate of Recovery | Only 45% of Exchanges Meet Security Standards
DC Forecasts Proudly Backed The Global Disruptive Blockchain Innovation Summit
- Blockchain News7 days ago
UK Tax Agency Will Invest In A New Blockchain Analysis Software
- Ethereum News7 days ago
Ether Prepares For A Price Correction: Market Analysis
- Blockchain News5 days ago
US Military Gets Under Threat From Crypto Ransomware Malware
- Blockchain News6 days ago
Hack Attacks On Crypto Exchanges Are Increasing: Report
- Altcoin News6 days ago
Crypto Exchanges Report Large Decline In BTC Trading Volumes
- Altcoin News6 days ago
Square Gets Patent For Real-Time Crypto-To-Fiat Swaps
- Altcoin News5 days ago
Central Bank Digital Currencies Are Coming In Three Years: Survey
- Altcoin News7 days ago
Hong Kong Gets Closer To Issuing Central Bank Digital Currency