Altcoin News – Ethereum World News

Altcoin News – Ethereum World News

https://ethereumworldnews.com Ethereum & Bitcoin Blockchain News Wed, 08 May 2019 20:10:01 +0000 en-US hourly 1 https://ethereumworldnews.com/wp-content/uploads/2018/11/cropped-Logo-large-1-32×32.png

Altcoin News – Ethereum World News

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Tron (TRX) Still Holding: Most Recent News on Ethereum’s Rival

https://ethereumworldnews.com/tron-trx-still-holding-most-recent-news-on-ethereums-rival/ https://ethereumworldnews.com/tron-trx-still-holding-most-recent-news-on-ethereums-rival/#respond Wed, 08 May 2019 20:09:58 +0000 https://ethereumworldnews.com/?p=41730

Despite multi-million worth in dollar – Bitcoin hack that just took place to the world famous cryptocurrency exchange Binance, the prices are holding their position very confident compared to the past when a renowned crypto-exchanging…

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Despite multi-million worth in dollar – Bitcoin hack that just took place to the world famous cryptocurrency exchange Binance, the prices are holding their position very confident compared to the past when a renowned crypto-exchanging platform was hacked which caused a strong deepdive movement.

Per time of writing, one of the most popular coins in the industry TRON (native token TRX) is leading the recovery with 2.90% in the last 24-hours against the US Dollar reaching a market capitalization of $1.655 bln with a price of $0.0248. For a very short time on the 7th of May it did drop below $0.02400 alarming traders that a speedy decline could be incoming, but buyers engaged the opportunity and the value rose up again.

TRX Price analysis
Source: coinmarketcap

Keeping in mind how all altcoins in most cases tend to follow the crypto-pioneer’s movement, if the sentiment remains positive or mid-ranging it is looking very well for the TRX/USD to stay at least above $0.02460 for the upcoming days.

Also Read: Binance Hack Aside, here are 4 Reasons Why Bitcoin (BTC) Investors are Confident

According to DappReview, Tron has 397 dApps successfully released. A few weeks ago Tron’s growth rate was approximately 2 dApps per day, however this frenetic growth seems to have stabilized. Despite the significant expansion, Tron has a long way to go to meet Justin Sun’s goal which is to make Tron the main platform for decentralization application development within the ecosystem. For now, the undisputed “dApp Champion” is Ethereum with over 1700 dApps supported.

Covered in detail by Alex Korwin (EWN team) –
The Tron Foundation has arranged a new partnership with a lending startup Cred, which provides loans in crypto from its $300 mln lending capital. Now, as a bonus, it offers TRX holders to get 10 percent of interest on their crypto holdings per annum.

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Brave is Gaining a Lot of Traction, and May Soon Dethrone Google Chrome

https://ethereumworldnews.com/brave-is-gaining-a-lot-of-traction-and-may-soon-dethrone-google-chrome/ https://ethereumworldnews.com/brave-is-gaining-a-lot-of-traction-and-may-soon-dethrone-google-chrome/#respond Wed, 08 May 2019 06:50:25 +0000 https://ethereumworldnews.com/?p=41630

Brave has become the most popular browser of the crypto community. It was able to conquer this demanding audience thanks to its philosophy of using blockchain technologies to change the way we conceive the entertainment…

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Brave has become the most popular browser of the crypto community. It was able to conquer this demanding audience thanks to its philosophy of using blockchain technologies to change the way we conceive the entertainment and content distribution industry.

Brave Logo
Brave Logo

However, the rest of its features are so attractive that Brave not only grew within the community: It is already one of the Top 3 mobile browsers with the most downloads at a global level.

Recently, Brave even dethroned Google Chrome from its privileged position as the second browser on the list for a brief period of time. Right now, both apps are competing for the silver medal, although neither has so far been able to be a dangerous competitor to Mozilla Firefox.

BAT: The Cryptocurrency that “Measures” How Popular Brave is

BAT Logo
BAT Logo is Inspired by Brave’s Philosophy

Basic Attention Token is a cryptocurrency developed by Brave to be used as a mechanism for transfering value through the browser. The idea is to reward users for viewing content while rewarding creators for their work, leaving aside intrusive practices such as unauthorized advertising, data tracking, etc.

Throughout the year, Basic Attention Token (BAT) grew as fast as its parent company’s browser. The fact that it was listed by Coinbase and Circle strongly stimulated its trading, increasing its marketcap, however, it is currently experiencing an important correction that could take its value to levels close to the band of 0.25 – 0.30 USD per token.

Dissenter: The New Competitor That Ditches BAT in Favor of BTC

To comply with its philosophy Brave Browser intends to use Basic
Attention Token. This altcoin is very popular, not only because of its
philosophy but also because it provides great profit opportunities for traders.

Dissenter Logo
Dissenter Logo

However, not everyone agrees with this idea. Many BTC maximalists dislike using altcoins, so they would have preferred the popular browser to be powered by the undisputed crypto King: Bitcoin (BTC).

For this group of people, the GAB team developed Dissenter
browser, a Brave fork that eliminates certain unnecessary features, while
leaving the best of the browser.

The controversy around this browser arose after the founder of Brave attacked Dissenter’s team because the idea of removing BAT didn’t seem very pleasant. He also accused the GAB team of plagiarizing his technology, alleging that this browser has no reason to be.

For its part, the Dissenter team reminded Brave’s CEO that
his browser is another fork of Chrome, which is a fork of the open source
project “Chromium”.

So far the future of these Browsers, although uncertain,
seems very promising, and despite the polemics, one thing is certain: The
crypto-browsers are here to stay (no matter what token they use).

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Critical Bug Found in the Maker Voting Contract. Stakers Must Withdraw Their Tokens ASAP

https://ethereumworldnews.com/maker-contract-bug-critical-update/ https://ethereumworldnews.com/maker-contract-bug-critical-update/#respond Tue, 07 May 2019 01:49:39 +0000 https://ethereumworldnews.com/?p=41475

A recent flaw in the MakerDAO Governance Voting Contract detected by the Maker Foundation endangered the tokens placed on stake by users and required a critical update. The information was shared by the Maker team…

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A recent flaw in the MakerDAO Governance Voting Contract detected by the Maker Foundation endangered the tokens placed on stake by users and required a critical update. The information was shared by the Maker team on their official subreddit a few hours ago.

Maker Logo
Maker (MKR) Logo

According to the new findings, this discovery was
possible thanks to the joint work between the Maker Foundation, Coinbase
and the cybersecurity firm Zeppelin.

The post does not provide any particular details about the
bug or the consequences it might generate, however; the team urges all stakers
to withdraw their tokens and place them on their personal wallets or migrate to
the new version of the contract -the one with the critical update.

Maker’s team emphasized that they are not hiding information and promised to “provide a full debrief and detailed outline of the changes ASAP.”

Don’t Stake Maker Tokens? Then, Don’t Worry

According to the post, the problem affects only the voting
contract and not the stability of the token, so those who do not take part in
the voting portal have nothing to worry about.

They also explained that those who have tokens involved in
the new contract do not need to worry. The problem may arise for those who have
not migrated yet.

You are not in danger of losing your MKR if you own one of the ~190 addresses who have staked MKR in the current MakerDAO Governance Voting Contract, but you are advised to move your MKR out of the old contract and back into your personal wallet immediately.  

DAI Logo

The Maker Foundation is also responsible for the development of DAI, a stablecoin pegged to the value of the dollar. In order to achieve price stability and get it as close as possible to a 1:1 proportion with USD MakerDAO creates or destroys MKR according to the fluctuation of this stablecoin.

The announcement of the Maker Foundation does not seem to have affected the value of the MKR token. This cryptocurrency has had a fairly stable behavior during the day, with a stable bullish trend that has led the token to test resistance around 552 USD.

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Bitcoin Market Dominance Hits Seven Month High as Altcoins Beat a Retreat

https://ethereumworldnews.com/bitcoin-market-dominance-hits-seven-month-high-as-altcoins-beat-a-retreat/ https://ethereumworldnews.com/bitcoin-market-dominance-hits-seven-month-high-as-altcoins-beat-a-retreat/#respond Mon, 06 May 2019 04:52:37 +0000 https://ethereumworldnews.com/?p=41417

Bitcoin has continued to eat into the altcoin markets as its dominance has hit a seven month high just shy of 56 percent. Bitcoin Dominating Markets Cryptocurrencies are pulling back this Monday morning but Bitcoin,…

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Bitcoin has continued to eat into the altcoin markets as its
dominance has hit a seven month high just shy of 56 percent.

Bitcoin Dominating Markets

Cryptocurrencies are pulling back this Monday morning but
Bitcoin, which hit a new 2019 high over the weekend, is still firmly in control
and leading markets. It is the first time since September last year that BTC
has held such a large share of the markets. All momentum is with the king of
crypto at the moment as BTC continues to make higher lows and higher highs.

Resistance at the 50 week moving average was broken late on
Friday when BTC
surged to a new 2019 high of $5,880. It held gains for the best part of the
weekend before starting to pull back during Asian trading on Monday morning. At
the time of writing BTC was trading at just below $5,700, down almost 2% on the
same time yesterday.

Over the past seven days Bitcoin
has gained a solid 7.5% which has pushed total market capitalization up to
new highs for the year. The 2019 yearly high for Bitcoin is at the same place
as 2018’s yearly lows;

Altcoins, however, have not enjoyed the same momentum and many of them are beating a retreat at the moment.

Altcoins Retreat on Monday Morning

Litecoin
has lost the most in the top ten shedding 6 percent as it falls back below
$73. This has caused LTC to drop down to sixth spot as EOS, which has only lost
3.5 percent, flips it for fifth spot. Market caps for both coins are very
similar at $4.5 billion so these two could be jockeying for a while.

All altcoins are suffering at the moment with Cardano, Monero,
IOTA, Ethereum Classic, NEO and NEM all dropping 4 to 5 percent. Cosmos, which
has been surging recently, has also dumped today falling 9 percent back to $4.60.

Total crypto market cap has dumped $8 billion from its weekend highs and is currently at $180 billion. Global stock markets are also teetering this morning as Trump’s trade tariffs get ramped up. CNBC host Ran NeuNer pointed out that the Hang Seng is already down over 1000 points and Dow futures are down 500;

Crypto is often seen as a safe haven when traditional financial markets are in trouble. This may well provide the big boost Bitcoin needs to break above $6,000, however at the moment the bears are back in play on crypto markets.

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Leading Altcoins Still Sluggish: Bitcoin’s Dominance Despite Failing $6,000 for Now

https://ethereumworldnews.com/leading-altcoins-still-sluggish-bitcoins-dominance-despite-failing-6000-for-now/ https://ethereumworldnews.com/leading-altcoins-still-sluggish-bitcoins-dominance-despite-failing-6000-for-now/#respond Sun, 05 May 2019 04:08:30 +0000 https://ethereumworldnews.com/?p=41360

Looking just at the weekly graph of performance for the crypto-verse against the US Dollar, we can see a good seven-days with the weekend closing a speedy return above major points for many altcoins following…

The post Leading Altcoins Still Sluggish: Bitcoin’s Dominance Despite Failing $6,000 for Now appeared first on Ethereum World News.

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Looking just at the weekly graph of performance for the crypto-verse against the US Dollar, we can see a good seven-days with the weekend closing a speedy return above major points for many altcoins following the crypto pioneer. Ripple’s XRP, TRON TRX or IOTA (MIOTA) have stepped up and woken up from their slow movement attempting to keep up with ETH or BTC.

While the charts are looking very similar for all coins, Bitcoin without a doubt is truly leading the pack as it is, in a longer time period than a week, the only with a notable recovery activity. Its monthly long performance chart compared to the second-in following is completely in contrary to their direction of movement. The pair BTC/USd started the month of April with a strong $5000.00 note which marks almost 20.00% increase to this day.

Bitcoin

Despite that BTC was not able to clear the $5,800 ark and target the important $6,000.00 on the fourth of May (05/04/2019) its upward movement is clear for the last 30-day trend.

Bitcoin (BTC) May See A Pullback After $5,700 Run, Technicals Hint

ETH hands changing with USD for the month of April:

Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps) conceptualized by Vitalik Buterin in 2013. ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network.

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Litecoin LTC/USD Crucial Breakout $70.00? Latest Summarized

https://ethereumworldnews.com/litecoin-ltc-usd-crucial-breakout-70-00-latest-summarized/ https://ethereumworldnews.com/litecoin-ltc-usd-crucial-breakout-70-00-latest-summarized/#respond Tue, 30 Apr 2019 19:56:15 +0000 https://ethereumworldnews.com/?p=40984

The Silver-coin to Bitcoin’s gold portratization – Litecoin is marching upwards, by price against the US Dollar for today’s performance, with haste compared to other altcoins in the top of the list going by market…

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The Silver-coin to Bitcoin’s gold portratization – Litecoin is marching upwards, by price against the US Dollar for today’s performance, with haste compared to other altcoins in the top of the list going by market capitalization. Reaching the $73.20 level signaled a return above trading grounds where it stood two days ago before the plunge on the 29th of April.

Litecoin 1
Source: coinmarketcap

If the recovering sentiment continues to hold and the predictions stay on tact as many are forecasting that a strong break is very well set on stone for Bitcoin, the clear today above $70.00 might have signaled the aforementioned. The next major resistances are near $80.00 and $82.50. Conversely, a downside extension below the $67.00 level may push the price towards the next major supports near the $62.00 and $60.00 levels in the coming days.

Read Also:Bitcoin (BTC) Could Spike To $5,600 If Litecoin’s Trend Is Followed

Mr, Novogratz has always compared Bitcoin to gold; however, he has consistently refused to accept that Litecoin could be the equivalent of digital silver, a contrast that has been used by many experts and analysts, including Charlie Lee. Even though Litecon was born as a Bitcoin fork aimed at providing lower fees and faster transactions, the fact that Novogratz called it a “glorified testnet” for Bitcoin seems triggered the sensitivity of many people in the crypto ecosystem.

While in contrary, the CEO of Abra and very popular in the crypto-industry Bill Barhydt came in rescue of Litecoin in e piece with Cheddar. The American entrepreneur, formerly of NASA, the CIA, and Goldman Sachs, explains that whether it be Ethereum, XRP, or otherwise, many other chains are solving problems in their own right, with “Litecoin is the perfect case in point.” Barhydt explains that Litecoin’s move to integrate MimbleWimble, a privacy solution, and the chain’s classification as the “perfect Bitcoin test bed” cements its value in this ever-changing ecosystem.

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IOTA Revved Up On Jaguar Land Rover Partnership, Pumps 18%

https://ethereumworldnews.com/iota-revved-up-on-jaguar-land-rover-partnership-pumps-18/ https://ethereumworldnews.com/iota-revved-up-on-jaguar-land-rover-partnership-pumps-18/#respond Mon, 29 Apr 2019 03:53:15 +0000 https://ethereumworldnews.com/?p=40845

Big partnership announcements have been thin on the ground for the major crypto projects for the duration of the bear market. That trend changed for IOTA today when the UK’s largest automobile manufacturer announced that…

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Big partnership announcements have been thin on the ground
for the major crypto projects for the duration of the bear market. That trend
changed for IOTA today when the UK’s largest automobile manufacturer announced
that it would be offering cryptocurrency rewards to drivers for data sharing.

IOTA Driven Up

MIOTA markets reacted pretty quickly when the news articles started doing the rounds. From a 24 hour low of $0.261 IOTA surged over 18 percent to reach $0.310 according to coinmarketcap.com. Daily trade volume almost tripled to just over $30 billion during Asian trading this morning. Binance is currently getting most of that volume with a 40% share, primarily in BTC.

IOTA/USDT prices 1 hour – Tradingview.com

Along with the rest of the crypto markets IOTA hit a low point in mid-December of around $0.20 and it hasn’t really recovered much from that. This partnership announcement has revived the Internet of Things based altcoin which is currently one of the top performing ones in a generally flat crypto market.

According Reuters Jaguar Land Rover has begun testing
software that will use a ‘smart wallet’ to collect crypto which has been
awarded to drivers who share their data. The report added that automatic data
collection for road conditions and traffic volumes could be shared with
authorities and navigation providers. Drivers that consent to this will earn
some IOTA
which can be used to pay parking, road tolls or charging for electric cars.

The auto firm added that their goal was to “achieve zero
emissions, zero accidents, and zero congestion.” The technology, currently
being tested in Ireland, has already been installed on the Jaguar F-PACE and
Range Rover Velar vehicles. Jaguar said that it currently did not have a
timetable for when the tech would be rolled out to the public.

IOTA is the obvious candidate since the technology is
focused on automated data sharing from internet connected devices. Project co-founder
Dominik Schiener said;

“The smart wallet technology can be easily adapted into all new vehicles. IOTA wants to enable interoperability with all these different players. So there is no Jaguar coin, no BMW coin, but one universal token for this machine economy,”

The community reaction on Reddit was extremely positive with
comments such as “This is great! Usually companies just take your data. Good
approach to pay with crypto for sharing- hopefully it takes on and other do the
same,” and “Sets an incredible precedent for a big company to reward you for
sharing data. Also, it’s a great brand to be associated with… very high end.”

At the moment it is all good gravy for a cryptocurrency that
has been battered more than most by the bears this winter.

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Ontology (ONT) 10.00% Increase: Pax Initiates the Momentum

https://ethereumworldnews.com/ontology-ont-10-00-increase-pax-initiates-the-momentum/ https://ethereumworldnews.com/ontology-ont-10-00-increase-pax-initiates-the-momentum/#respond Sun, 28 Apr 2019 00:56:34 +0000 https://ethereumworldnews.com/?p=40781

Per time of writing, the 19th largest coin out of thousands by market capitalization is counting and welcoming a double digit gain of 10.00 percent against the US Dollar. According to CoinMarketCap – the pair…

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Per time of writing, the 19th largest coin out of thousands by market capitalization is counting and welcoming a double digit gain of 10.00 percent against the US Dollar. According to CoinMarketCap – the pair ONT/USD is changing hands at $1.15 with a transaction volume of $108 mil.

Source: CMC

With the target of issuing approximately 100 million of PAX tokens on standing of 1:1 with the USD, the team behind Paxos has signed a partnership with Ontology to make it happen starting from May. Andy Ji – co-founder of Ontology commented on the case saying that while PAXOS will continue to initiate KYC processes, it will author.

“The launch of PAX on the Ontology blockchain will greatly accelerate real business applications on Ontology, create more success stories of traditional businesses shifting to distributed businesses, and provide enterprise partners and institutional investors with a regulated, reliable, and safe gateway to the world of digital assets.”

The movement makes it easier for anybody who is or will use ONT token to transact into traditional pegged tokens. Right now, the PAX token which is a stablecoin backed by the US Dollar, is an ERC-20 token on the second largest by market cap Ethereum (ETH). It will go by the same and standard ONT OEP-4 token.

The news have arrived parallel with New York’s attorney general’s allegation that the exchanging platform Bitfinex lost $850 million of clients and corporate and covered the backtrack via Tether’s reserves. Per a lawsuit issued by official Letitia James, iFinex Inc, which is the company behind the two aforementioned crypto startups, promoted the “issuance, distribution, exchange, advertisement, negotiation, purchase, investment advice, or sale of securities” in New York State, which is illegal without the proper licensing and documentation. While Bitfinex’s services are technically not entirely available in the financial capital of the U.S., the suit stated the NYAG’s office suspects that local traders are actively utilizing the exchange and the stablecoin.

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Dash Text Integrates in Telegram, WhatsApp Bans Crypto, Waiting for ‘Facebook Coin’ to Arrive

https://ethereumworldnews.com/dash-text-integrates-in-telegram-whatsapp-bans-crypto-waiting-for-facebook-coin-to-arrive/ https://ethereumworldnews.com/dash-text-integrates-in-telegram-whatsapp-bans-crypto-waiting-for-facebook-coin-to-arrive/#respond Fri, 26 Apr 2019 17:40:48 +0000 https://ethereumworldnews.com/?p=40656

The popular crypto payment service that uses Dash is now integrated in the Telegram app in Colombia and Venezuela, which greatly expands the Dash user-base As reported by Dash News, Dash Text has been launched…

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The popular crypto payment service that uses Dash is now integrated in the Telegram app in Colombia and Venezuela, which greatly expands the Dash user-base

As reported by Dash News, Dash Text has been launched on the Telegram app after beta trials that had lasted a few months. The CTO of the service, Lorenzo, says that Telegram seems to be a perfect platform for this integration, since it allows people to use crypto on old or not very powerful smartphones without having to install any special software, like a crypto wallet.

Telegram is perfect for crypto

Telegram is so simple, says Lorenzo, that anyone can use Dash Text through it, even if they have no idea how crypto works. Thus Telegram makes it easy for introducing new users into Dash.

Later on, if they wish to do so, they proceed
to more complex crypto payment apps.

How Dash Text works in Telegram

When newbies start using Dash Text in this
messaging app for the first time, their Telegram account will be automatically
connected to their Dash Text SMS wallet. If they do not have one, it will be
set up for them automatically.

Dash Text has been growing in popularity, recently expanding to Colombia. Soon they also plan to launch in other Latin countries, such as Argentina, Chile, etc., and also Spain, the US to be mainly used for remittance payments.

WhatsApp rejects Dash integration

As Facebook-owned WhatsApp is very popular
among people in the aforementioned regions, Dash Text also wanted to get an
integration with this messaging app. However, WhatsApp has been rejecting the
use of any crypto on its platform.

Many believe this is due to Facebook’s plans to launch its own stablecoin soon and the first platform that will be used on is expected to be WhatsApp – for remittance in the Indian market to begin with.

As per Lorenzo, this did not come as a surprise to the Dash Text team. However, they did not expect this to happen so soon.

“Honestly it didn’t surprise me as much, as soon as I heard Facebook was developing their own cryptocurrency I imagined at some point they would try to stifle competition in their own apps, I just didn’t think this would happen for a couple of years, so we still thought it was worth opening that channel of accessibility. Telegram is a much more crypto friendly platform and it’s also a non-profit so I don’t see them doing something similar at all.”

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TRON (TRX) Leading by Gain: Latest for DApps and the Disappearance of the Tron-Casino

https://ethereumworldnews.com/tron-trx-leading-by-gain-latest-for-dapps-and-the-disappearance-of-the-tron-casino/ https://ethereumworldnews.com/tron-trx-leading-by-gain-latest-for-dapps-and-the-disappearance-of-the-tron-casino/#respond Thu, 25 Apr 2019 20:42:19 +0000 https://ethereumworldnews.com/?p=40585

Per time of writing, the 11th largest cryptocurrency by market capitalization TRON TRX is leading the pack by percentage in increase for the last 24-hours with 7.30% while being followed by Cardano (ADA) right on…

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Per time of writing, the 11th largest cryptocurrency by market capitalization TRON TRX is leading the pack by percentage in increase for the last 24-hours with 7.30% while being followed by Cardano (ADA) right on its tail with 6.74%. For the weekly trade, the pair TRX/USD had a similar performance as other altcoins from the top-ten list as BTC stretched out its dominance standing 5.7% in the green since the week started – which is not close the same for the following coins.

TRX
Source: coinmarketcap

The team behind Ethereum’s first row competitor – Tron Foundation (Tron TRX) brought to its followers and supporters the Sun Network. Right now, as introduced in the beginning of April 2019, it is one of the largest networks for deploying dapps (decentralized apps) – a 2nd layer scalability solution.

[The] Sun Network is a TRON scaling solution, incorporating a series of scaling projects such as sidechain and cross-chain communication [protocols]; DAppChain is part of the TRON side chain solution. Other details of the side chain solution will be announced later. – Marcus Zhao

The platform will be supporting the improvement of TPS rate or transactions per second rate parallel with raising the efficiency of smart contract execution – based on the announcing blog post.

DooTron – a Tron gambling decentralized application has disappeared the last week without any trace or explanation. Before vanishing, it launched its second game called Shoot.

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bitcoin
Bitcoin (BTC) $ 50,108.00
ethereum
Ethereum (ETH) $ 1,619.45
binance-coin
Binance Coin (BNB) $ 244.64
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 1.04
polkadot
Polkadot (DOT) $ 33.29
xrp
XRP (XRP) $ 0.470001
litecoin
Litecoin (LTC) $ 181.15
chainlink
Chainlink (LINK) $ 27.11
bitcoin-cash
Bitcoin Cash (BCH) $ 528.16