Tron CEO Justin Sun, known for his flair for publicity and announcement of any achievement on his network announced in a tweet that Tron has made its way back to the list of top ten performing cryptos. TRX’s performance has been outstanding since the second quarter of 2019 both in its level of development and features.

According to the Coinmarketcap.com index at the time of writing, the trend curve shows Tron is moving higher than most other coins including Bitcoin (BTC) and Ethereum (ETH). It currently trades at $0.039 increasing at 6.18% in 24 hours at a market cap of $2.6 billion.

A few days ago, Tron (TRX) had a new surge in price which saw it to the $0.04 trading price. This new rate has been retained seeing the digital asset performing higher than most other cryptos.

Looking at the recent happenings that have created a boost in Tron (TRX) performance; it can be easily seen that though the network has recorded few partnerships with other companies, more of what pushes up its performance is the volume of activities on the platform.

A report from Dapp.com states that Tron is the most ambitious project in the Dapp field. In the second quarter of the year, it has been able to launch $2 million projects more than other blockchain protocols in upgrading its Dapp ecosystem.

A review of TRX performance reveals that in a space of four months, the transaction volume increased from less than 130,000 transactions to  2 million transactions.

Investors may still not be so willing to stake much on this digital asset even with every sign of high returns, because the trend in activity can change any time.

The post Tron (TRX) Finds its Way Back to the Top Ten List appeared first on TechCavit.

Tron (TRX) could be overhyped going by the recent loss in its market ranking, not minding the continuous developments within its blockchain.

This is after its founder, Justin Sun gave his target for the year which was for it to attain the 4th position in the market ranking. The end of the first quarter had shown that the coin could actually be overhyped.

Some of the reasons why this position could be correct are:
1) It is occupying a lower position at the end of the first quarter
2) Its partnerships with Binance could not be justified
3) The number of updates did not improve its price
4) Its increase in user base could not justify its present performance

It is occupying a lower position at the end of the first quarter

At the beginning of the year after Tron Foundation CEO, Justin Sun gave his vision for TRX for the year 2019, many fans of the token were glad and hoped that this year will be a year of recovery of lost fortune due to the crypto winter of 2018. At the beginning of the year, the coin was at the 10th position but is present at the 11th spot irrespective of the high expectations for the coin reboun.

Its partnership with Binance could not be justified

When the Tron team announced in January that they will be launching the BitTorrent token (BTT) with one of the support arm of Binance, The Binance Launchpad and that the holders of the BTT would be rewarded with the TRX token. This led to a high demand for TRX. Between then and now, one could agree that the price of the coin is lower even though the BTT token is traded in various exchanges.

The number of updates did not improve its price

One of the top coins with continuous updates is TRX. However, these updates had not translated to improved price for the cryptocurrency. Which shows that all the recent data around the coin due to these updates are irrelevant and that the crypto could be overhyped.

The post Is The Tron Coin An Overhyped Cryptocurrency? appeared first on TechCavit.

Tron’s investment of $100 million in its Tron Arcade could be deemed as a good investment, since a lot of gaming, entertainment firms and developers are attracted to the Tron blockchain through it.

The current addition is OxGames, an investment firm based in Cyprus that helps in the development of games. Tron blockchain is one of the fastest blockchains with high scalability which is the reason for their choice.

One of its games OxWarriors will be launched in Tron’s blockchain even though that its Beta version is already available on the blockchain. The game enables gamers to trade items like bludgeons and swords which are used in the game by fighters to win and participate in events within the platform.

In a tweet, Tron Arcade wrote:

“The 0xGames team has now set its sights on using TRON’s technology to improve their decentralized gaming experiences.”

Commenting on this development, CEO of OxGames, Sergey Kopov said that:

“Apps based on blockchain that could boast really high popularity haven’t been released yet. What we’ve seen over the recent months is that trading and mining enjoyed less demand due to the cryptocurrencies’ downward trends, however, decentralized games have certainly been on the rise. They are likely to become the driver behind mass blockchain adoption in the future.”

This addition follows the migration of the largest gaming platform in Ethereum, EtherGoo to the Tron blockchain. Presently, Tron blockchain is the most active blockchain ahead of EOS and Ethereum.

The post Award-winning 0xWarriors is coming to TRON! appeared first on TechCavit.