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New token Makes Unprecedented Gains after Binance Listing

Coinmarketcap.com has a new listing in its top 100. As of Sunday, Ravencoin has been occupying the 58th spot thanks to a Binance listing and has sustained a growth of 118% since that announcement.

Within ten days, the coin has grown its market cap from $212,000 to $49 million! This is a rather unbelievable rise of 23,000%.

In the last 24 hours alone, the coin has grown by 55%. It is now selling at $0.056.

About Ravencoin

If we look at its chart, Ravencoin obviously went relatively unnoticed until its Binance listing. But what is Ravencoin? And why did Binance take an interest?

Well, the coin has been around since 2017, and it is about to mark its one-year anniversary with an upcoming mainnet launch on October 31st.

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The Ravencoin protocol is open-source and available to the public. Built off of a Bitcoin fork, it has a focus on the creation of digital assets on its Proof-of-Work (PoW) blockchain. According to its official documentation:

“Assets can come in a variety of types, such as financial instruments such as security tokens/stocks/bonds/deeds/etc as well as gaming items (ex. a sword)/conventional asset management/managing distributions for co-ops/digital art. There are a lot of real-world applications that this blockchain is intended to disrupt and improve.”

Humble Beginnings

With no ICO, the project was built up by a small team of dedicated people. Because of this, CEO of Binance, Changpeng Zhao, allowed the project to list without any listing fees. It began trading on October 12th, and over 85% of its growth has come from Binance trades since.

“The project is a true open source project with no pre-mine, no ICO, no masternodes, and is focused on building a useful technology with a strong community.”

Binance is the world’s top exchange with the highest trading volume.

No coin has seen gains like this since Bitcoin’s demise last year. Will the gains continue, is the question? Would you invest in Ravencoin?

The most humble of acorns may prove to be the most fruitful yet; let’s keep our eye on this one!

Featured Image: Depositphotos/© tomwang

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TRON (TRX) and EOS | Trading in the Red Despite Releasing Big News

While the total cryptocurrency market is trading mostly in the red today, most of the top digital tokens are only seeing slight losses. For the past 30 days, the total cryptocurrency market has hovered around the $210 billion range. Today, we’re going to take a closer look at TRON (TRX) and EOS.

 TRON (TRX)

TRON is currently the 11th largest cryptocurrency by its total market cap and is sitting just under Monero (XMR). Two days ago, TRON’s Founder Justin Sun announced that Odyssey 3.1 would be launched at 8 PM SGT that day.

Launching Odyssey 3.1 meant TRON’s committee function and its Virtual Machine would also go live during this upgrade. Sun claims that after Odyssey 3.1, TRON will be 200 times faster than Ethereum and 100 times cheaper than EOS.

The TRON Virtual Machine will allow developers to test smart contracts before they transfer over to the TRON mainnet. On the 7th, TRX spiked nearly 17%.

At the time of writing, TRX is trading at $0.0254 a coin, down -3.89% in 24 hours. At its peak on Sunday, TRX was trading at $0.0280 a coin, meaning TRX is now down nearly -10% from its spiked price.

EOS

Block.one is currently in the midst of getting together the final components of its EOS Hackathon. Last week, the company that founded EOS announced that its Grand Finale hackathon will be held in Cape Town, South Africa, on December 7th.

So far, the other four hackathons have been held in Hong Kong, Sydney, London, and San Francisco.

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Before the first event started in Hong Kong, Block.one held a virtual hackathon, and the winner was granted flight and hotel accommodations to attend the first event. It seems the company will hold another Virtual Hackathon.

This event will only be available to the EOS community within Africa and coding will begin on October 15th. Coding ends on October 18th at 9:00 Central Africa Time UTC+2:00.

According to CoinMarketCap, EOS is currently trading at $5.86 a coin, down -0.03% in 24 hours.

Will EOS and TRON (TRX) make a comeback after both pushing out positive news the past few days? We shall see!

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EOS, TRON (TRX), and Litecoin (LTC) Updates

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m sure those new to the crypto community might get a bit confused.

However, in 2018 it seems the diehard crypto-loyalists are the only ones who have stuck around since the crypto rise and fall in January.

Recently, Block.one announced the location and date of the EOS Global Hackathon Grand Finale.

The grand finale will be held on December 7th, in Cape Town, South Africa.

>> EOS Gambling Platforms Hacked

TRON (TRX)

There has been lots of movement over at the TRON Foundation as of late. Since it acquired BitTorrent, the companies have formed a new web-based torrent streaming client called μTorrent.

It seems μTorrent Web currently has over one million active users already and the company announced that BitTorrent Web will be live soon. In addition to its BitTorrent movement, TRON has been expanding on exchanges.

On Bitfinex, users can now trade for TRX with JPY, GBP, and the EUR—making it far more accessible to those around the globe.

Litecoin (LTC)

Litecoin will be celebrating its seventh birthday coming up on October 13th. That same day, LTC will be added to Gemini’s exchange.

In mid-September, LTC was added to the Canadian exchange Coinut. Later this month, Litecoin Founder Charlie Lee will be attending and speaking at the World Crypto Conference in Las Vegas.

Tickets are still available for purchase if you would like to meet him in person.

EOS, TRON (TRX), and Litecoin (LTC) Price Movement

According to CoinMarketCap, EOS is currently trading at $5.74 a coin, up 0.99% in 24 hours. EOS still remains the fifth largest cryptocurrency by its total market cap.

TRX is currently trading at $0.0231 a coin, up 5.20% in 24 hours. TRON is currently the 12th largest cryptocurrency by its total market cap.

According to CoinMarketCap, LTC is currently trading at $58.18 a coin, down -0.59% in 24 hours. Litecoin remains the seventh largest cryptocurrency by its total market cap.

Featured Image: Depositphotos/© Wavebreakmedia

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StellarX Launches | Brand New Zero-Fee Decentralized Crypto Exchange

Today, StellarX launches! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news.

StellarX Launches!

Previously, StellarX was open only to a number of individuals who signed up for its Beta testing, but it seems the team at Interstellar feels confident in their product thus far—confident enough to launch publically!

What makes the platform stand out from the rest is that it’s a totally free trading platform. A few “free” exchanges that have popped up as of late, but in actuality have been shown to have deceiving charges—making it not so “free” after all. For example, Robinhood was shown to profit from its customers’ idle funds.

I’m sure you’re all wondering, “Well, what’s the catch with StellarX?” I thought the same thing, but Stellar claims it isn’t here for a cut, and they hope to “redefine how assets move around the world.”

Christian, an employee of Interstellar and the writer of the blog post, explained:

“We take no fees and, even above that, we refund all network costs, something no other decentralized exchange can match. All the while, you have sole control over your assets, so whenever there’s interest, it’s yours. We’ve even written our own fee out of our agreements with deposit partners, who, we’ve found, often put in a percentage by default.”

How do they do this? It’s all in the way they designed their platform. By using Stellar and its consensus mechanism, StellarX requires neither ‘work’ nor ‘stake’ and they don’t need your capital to function.

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StellarX Launches: Assets Galore

StellarX has started by implementing the top cryptocurrencies onto its platform first but claims it plans one diving into a number of the top assets displayed on CoinMarketCap soon.

At its launch, StellarX also has a real fiat onramp, which is a first for a decentralized platform. All you need is a US bank account, and you can deposit USD directly into the app, via ACH.

The group at Interstellar will be adding a number of things to its app in the near future. You can take a look at those things here.

XLM Price Movement

According to CoinMarketCap, XLM is currently trading at $0.239 a coin, down -5.05% in 24 hours. For the week, XLM is down -4.4%.

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NEM Gains 13% in 24-Hours

The cryptocurrency market is moving very slowly today. Some of the top coins are in the red: Bitcoin at -0.20% and Ethereum at -0.36%. Small losses, but pretty appropriate for a day when the market is dragging its heels. However, there are very notable NEM gains happening right now.

NEM (XEM) is, without a doubt, today’s biggest winner, having grown 13% in the last 24-hour period. So, what has NEM trading in the green, especially when every other coin is pretty much asleep!?

Let’s find out!

NEM Gains

NEM (XEM) is ranked 17th on CoinMarketCap’s top 100 cryptocurrencies. And as stated, XEM is currently the best-performing digital asset of the day.

NEM currently has a market value of $999 million and an average daily trading volume $24 million. At the time of writing, NEM gains have it selling at just over $0.11 USD.

The Reason for the Move?

NEM’s bullish wave is likely due to a new partnership with Timechain Wallet. The wallet recently added support for the coin and offers holders “multiple side-chain wallets with Timechain” along with the capability to “buy and sell digital assets right from their wallets.

The platform is described as a “useful tool for crypto assets management and an instrument for natural interaction with other blockchain-based services and users.”

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So can Timechain Wallet offer NEM holders a door to bigger things? It seems the market reaction says yes.

According to the CEO of Timechain, Louis Cleroux, NEM technology is a leader:

“Wallets are becoming the centerpiece of blockchain mass adoption. Timechain strives to offer the most simple solution to use blockchain and cryptocurrencies to its users. NEM technology is a front-runner for digital assets management. We need to popularize this amazing tech to the market. Businesses will dramatically reduce their cost and greatly increase their distribution reach by using this solution,”

However, another new partnership has just come to light. NEM will be teaming up with Unibright, an enterprise-grade blockchain platform, by adding NEM oriented code generation to the Unibright framework.

Perhaps this is causing NEM gains. We will wait for more on this. Stay tuned!

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