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Ripple (XRP) and TRON (TRX) Prices Slide Despite Major Progress

The cryptocurrency market is trading in the red again today. Bitcoin (BTC) has just dipped below the $6,600 mark and Ethereum (ETH) is trading just above $225. Both Ripple (XRP) and TRON (TRX) are sliding down today, despite both announcing major news regarding their projects recently.

Let’s take a closer look at Ripple and TRON and their latest project advancements.

Ripple (XRP)

Ripple concluded its Swell 2018 conference last week in San Francisco.

In addition to the conference, the Money Tap app powered by Ripple’s xCurrent software just launched in Japan. There has been lots of movement for Ripple over the last two weeks. Less than 24 hours ago, the cryptocurrency project announced that David Schwartz, Ripple’s CTO, will be a featured speaker at SXSW 2019.

Ethereum’s co-founder and ConSynsys founder, Joe Lubin, will also be speaking at the conference.

Despite the positive news, XRP has been backsliding on the market this week. According to CoinMarketCap, XRP is currently trading at $0.469 a coin, down -1.24% in 24 hours. For the week, the cryptocurrency is down -10.83%.

>> Ripple’s xRapid Expands into Commercial Production

TRON (TRX)

The TRON Foundation is currently voting on the release of the TRON Virtual Machine.

There seems to be some confusion among the cryptocurrency community, as TRON’s Founder Justin Sun has said one thing while the TRON Foundation is tweeting something different.

As you can see below, the TRON Virtual Machine was supposed to already be launched by now (according to Sun), but the TRON Foundation says voting is still taking place. It seems Sun may have jumped the gun on the announcement dated on the seventh.

So, has Odyssey 3.1 been released yet? Doesn’t seem so.

Despite the confusion, the TRON Foundation is trucking along as usual and has announced its new developer suite.

This will go live once the TVM is released on the new mainnet version.

According to CoinMarketCap, TRON (TRX) is currently sitting as the eleventh largest cryptocurrency by its total market cap. At the time of writing, TRX is currently trading at $0.0250 a coin, down -1.85%.

Check back in for more news from coins like Ripple (XRP) and TRON (TRX).

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TRON vs Ethereum | TRX Accounts are Catching Up

TRON has been in the news quite a bit recently, and for good reasons, too. The latest piece of TRX news came today, August 2nd, and it has caused the TRON vs Ethereum debate to rage on.

TRON vs Ethereum: Who’s the Leader Now?

On Thursday, Justin Sun provided an update on the TRON mainnet. The founder tweeted to his 431 thousand followers on Twitter that the TRON mainnet now has over 100 thousand accounts established.

Now, this news has furthered the TRON vs Ethereum rivalry for many reasons, but there are two in particular that I can think of.

1. TRON Closing the Gap on Ethereum

In the past, Justin Sun has promised to do everything in his power to make TRX surpass ETH. Before, however, it was just speculation. There was evidence suggesting this was possible, while there was also evidence indicating that it wasn’t.

But today’s announcement has caused many to believe that TRON is in fact on the verge of closing the gap on Ethereum. Even before the TRON mainnet launch, Justin Sun indicated this could be what puts them ahead of the game, as it will be a major contender.

And with over 100 thousand accounts, a contender TRX appears to be.

2. TRON is Showing Resistance

Another reason why the TRON vs Ethereum debate is leaning in the direction of TRX is the current plummeting market situation.

Despite a falling market, TRON appears to be (for the most part) showing resistance, always announcing developments in the crypto industry.

For instance, at the end of last month, Justin Sun confirmed the TRON BitTorrent acquisition. BitTorrent sold the company to Justin Sun for $140 million.

TRON Price: August 2nd, 2018

If we’re going to base the TRON vs Ethereum debate on prices, Ethereum is clearly the winner. Although today both altcoins are down, so no one can be said to be winning in percentage gains category for the day.

At press time, TRON (TRX) is selling for $0.031660, which puts the coin down 4.37% in the past twenty-four hours.

Meanwhile, Ethereum (ETH) is selling for $415.46, which puts the coin down 1.64% in the past twenty-four hours.

The Takeaway

What do you think about the TRON vs Ethereum debate? Does the TRON mainnet having over 100 thousand accounts put it ahead of the Ethereum game?

Let us know what you think in the comments below!

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TRON BitTorrent Acquisition | Justin Sun Confirms, TRON (TRX) Soars

Earlier this month, word spread that Ashwin Navin, BitTorrent’s co-founder, sold the company to the TRON Foundation for $140M. While many were excited, the acquisition was never confirmed. Until now. That’s right, Justin Sun, the founder of TRON (TRX), has verified the TRON BitTorrent acquisition!

TRON BitTorrent Acquisition: Confirmed!

Yesterday, after weeks of speculation, Justin Sun confirmed the TRON BitTorrent acquisition. He posted the news on Twitter, where multiple users responded back, with one even calling it a “huge announcement,” adding, “all those who doubt this project are blind.”

It is a huge announcement; we’ll give that Twitter user credit where credit is due.

After all, TRON is a leading blockchain-based decentralized protocol. According to its whitepaper, TRON is striving to create a global “free content entertainment system.”

Meanwhile, the BitTorrent protocol, which has been around for 17 years, is the world’s first ever decentralized internet protocol.

What’s the Point?

Working together hastens Justin Sun’s “All-In Decentralization” methodology, which will likely do great things for the company in the long-run.

Justin Sun has highlighted some of the positives of the TRON BitTorrent acquisition. For instance, he says it should allow his company to “liberate the Internet from the stranglehold of large corporations.”

It will also aim to do the following two things:

1. Give the individual back their data rights.

2. Reignite the early 21st-century vision of a transparent, decentralized, free network.

TRON (TRX) News: On the Market

All of the top-ten coins by market cap are in the green today, but we can’t help but think that the TRON BitTorrent acquisition played a part in TRON (TRX)’s nearly 10% jump Tuesday.

At press time, TRON (TRX) is selling for $0.037, which puts the coin up 8.13% in the past twenty-four hours.

Tron BitTorrent acquisition
Source: CoinMarketCap

The Takeaway

Overall, the TRON BitTorrent acquisition is thought to do great things for the industry in the future. But what do you think?

>> Bitcoin (BTC) Breaks $8,100: Up, Up, Up It Goes!

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Ledger Nano S Supports TRON

Ledger Nano S supports TRON: TRON (TRX), the world’s eleventh largest cryptocurrency by market cap, has just made the big announcement that it is now supported on the popular cold storage wallet the Ledger Nano S.

But things don’t appear to be all sunshine and rainbows just yet.

Connection Issues

One user reported an error when trying to connect to TRON on the Ledger Nano S.

Other users seemed to be having a similar issue.

Ledger has yet to formally announce that it has fixed the TRON connection issue—besides, it may just be an issue with the TRON wallet. However, the cold storage wallet company has provided its users with a tutorial on how to transfer TRON to the Ledger Nano S.

For all of you that use Ledger Blue, a representative from the company tweeted that for the moment there is no ETA on Blue supporting TRX. But at least the Ledger Nano S supports TRON now, right?

TRON (TRX) Expanding

The TRON Foundation now has two headquarters—one in Beijing and the other in San Fransisco. Since its main net launch over a month ago, it seems the blockchain project is running fairly smoothly.

TRX still remains in the 11th spot for market cap, just out of reach of the top ten. At press time, TRON (TRX) is trading at $0.0391 a coin, down -1.35%, in 24 hours.

>> EOS is Breaking Transaction Processing Speed Records

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