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Altcoin Gainers Today | EOS, Tron (TRX), & VeChain (VET)

Only a handful of coins in the top 100 cryptocurrencies are seeing losses on the market this morning. After a rough start to August, it seems the market has begun correcting itself again. At press time, Bitcoin (BTC) is trading just below $6,500 and Ethereum has just passed the $300 threshold.

EOS, Tron (TRX), and VeChain (VET) are all altcoin gainers today – let’s take a closer look at their prices and latest project updates.

Altcoin Gainers Today: EOS

EOS was passed by Stellar earlier this week for the fifth largest cryptocurrency by total market cap. However, the cryptocurrency has gained momentum in the last 24 hours and is back to fifth.

Block.one, the software publisher that designed EOS, is currently holding its EOS global hackathon to incentivize dApps to be built on top of EOS. Two of the competitions have already been completed and two more are set to occur in the next coming months.

Block.one will release the dates for the fifth ‘finale’ hackathon in December. The top three winners from each hackathon will compete in the grand finale.

At press time, EOS is currently trading at $4.86 a coin, up 3.22% in 24 hours.

Tron (TRX)

Tron recently dropped to the 12th largest cryptocurrency by total market cap, but has received a boost on the market today and is seeing over 10% gains.

Justin Sun, Tron’s founder, just made the announcement that his project has just completed the acquisition of Blockchain.org. The coin’s boost must be due to this announcement just three hours ago.

>> After Months of Waiting, JD.com Launched its Blockchain Platform and Mobile App

At press time, TRX is trading at $0.0215 a coin, up 10.34% in 24 hours.

VeChain (VET)

This morning, VeChain is among the top coins with the most gains on the market.

Yesterday, the VeChain Foundation put out this announcement but there doesn’t seem to be a clear indication why the coin has spiked so rapidly. The usual ‘pump’ tweets are all over Twitter but those are to always be ignored.

At press time, VET is trading at $0.0149 a coin, up 48.35% in 24 hours.

Featured Image: Depositphotos/© SIphotography

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Ethereum (ETH), VeChain (VEN), and VeChain Thor (VET)

The cryptocurrency market is trading above $270 today. Most of the coins on the market are in the red, but late-Saturday the market surged nearly $15 billion within an hour. For most of 2018, the entire crypto market has been dancing around the $300 billion range. Let’s take a look at a few coins within the top 35 that have big events surrounding their project, including Ethereum (ETH) and VeChain Thor (VEN)/(VET).

Ethereum (ETH)

For the first time in history, Elon Musk has tweeted about Ethereum (ETH), but it isn’t what you would think.

You know all those fake Twitter bots that have plagued the social media platform claiming to give out free ETH? That’s what he’s talking about. Ethereum’s co-founder, Vitalik Buterin, was quick to respond to the tweet.

We feel you, Vitalik. We feel you. These twitter bots are getting out of hand and have been an issue for quite some time. Unclear when Dorsey and Twitter will get it together, but hopefully they will take Buterin’s advice.

At press time, ETH is trading at $482.53 a coin, down -2.02%, in 24 hours.

VeChain Thor (VEN)/(VET)

VeChain Thor launched its main net on June 30th. The VeChain Foundation is working with exchanges, very similar to Tron, to have them handle the VEN-VET token migration. The token swap is set to occur around mid-July.

VeChain will have a two-token system. VET is used as a store of value and its VeThor token represents the underlying cost of using the blockchain. This is very similar to how NEO functions with the NEO coin and the GAS token.

Recently, the VeChain Foundation announced its IOS and Android compatible VeChain Thor Mobile Wallet. The project wants to make sure that you don’t send ERC20 tokens to the VeChain Thor Mobile Wallet.

At press time, VeChain is trading as the 18th largest cryptocurrency by market cap at $2.47 a coin, down –4.03%, in 24 hours.

>> Crypto World Cup Semi-Finals: It’s Coming Home… But Where’s Home?

Featured Image: thenextweb.com

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Tron [TRX] & VeChain Thor [VEN] [VET] Fall Despite Big Movements – Crypto Currency News

Tron [TRX] & VeChain Thor [VEN] [VET] – The total cryptocurrency market has fallen below the $300 billion mark again – hitting a year-low reached back on April 1st. However, this time last year, the entire market cap was just over $100 billion. Will it drop below $200 billion again? We shall see.

At press time, Bitcoin (BTC) is trading at $6,748.79 a coin, down –4.45%, in 24 hours. Ethereum is trading at $473.70 a coin, down -10.03% and Ripple (XRP) is trading at $0.531 a coin, down -8.54%, in 24 hours.

Let’s take a look at two altcoins on the market that have taken a large price hit today, despite steady progress made on their projects.

Tron [TRX]

Tron has been making steady progress since its main net launch at the end of May. However, its price has yet to reflect the progress the Tron Foundation has made. The TRX ERC20 token migration is set for next week on the 21st and will end on the 25th.

Source: CoinMarketCap

At press time, TRX is trading at $0.0405 a coin, down -12.32%, in 24 hours time. For the week, TRX is down -32.1%, and for the month, the coin is down -45.78%.

>> Tron Main Net Launch

VeChain Thor [VEN] [VET]

VeChain Thor just launched their test net last week. The VeChain Foundation announced its rebranding back in late-February, but the new whitepaper and development plan of VeChain Thor was published in late-May.

It’s VEN/VET token swap will take place soon, as well as the public main net launch.

Source: CoinMarketCap

At press time, VEN is trading at $2.81 a coin, down -15.08%, in 24 hours. For the week, VEN is down -30.44%, and for the month, the digital token is down -34.49%.

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VeChain Thor (VET) and Ethereum Classic (ETC)

The crypto market is struggling today, and many coins are down, including VeChain Thor (VET) and Ethereum Classic (ETC). However, despite all the red, the coins are progressing in their projects.

VeChain Thor (VET)

VeChain Thor (VET) is currently selling for $3.11, which puts the coin down 14.49% in the past 24 hours.

VeChain Thor (VET)
Source: CoinMarketCap

The VeChain Thor public testnet is now up and running, getting ready to go live at the end of June. Leading up to its mainnet launch, VeChain has announced several big partnerships.

The VeChain Foundation is joining the BMW Startup Garage program. There are still very little details about this partnership, but BMW may be one of the companies doing tests on the blockchain, maybe with the concept of supply chain in mind.

Another exciting collaboration for the cryptocurrency is its deal with Oxford University in Oxford, England. Details are still scarce for this partnership as well, but the university will in some way be working on the development of the VeChain Thor platform.

Are you excited about the future of VeChain Thor? Do you think the coin will be able to separate itself from the herd enough to start growing?

>> VeChain Thor Testnet Now Live – Mainnet and Token Swap on the Horizon

Ethereum Classic (ETC)

Ethereum Classic (ETC) is currently selling for $12.34, which puts the coin down 14.58% in the past 24 hours.

VeChain Thor (VET)
Source: CoinMarketCap

Ethereum classic was one of the seven coins approved by the Thai Securities and Exchange Commission (SEC).

The other six coins included Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Stellar (XLM).

The Thai SEC based its decision on the liquidity of the cryptocurrencies and on their consensus credibilities, among some other criteria.

ETC’s acceptance by the Thai SEC makes one more thing for the coin and its fans to celebrate at the upcoming Ethereum Classic Summit, happening in Seoul, South Korea from September 12th to 13th. Tickets for the event officially went on sale on June 9th.

Will you be going to the Ethereum Classic Summit this year?

>> Ethereum Classic Fork Successful: “Difficulty Bomb” Diffused

Featured image: TeroVesalainen via Pixabay

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VeChain Thor Test Net Now Live

VeChain Thor – The VeChain Foundation announced an hour ago that the VeChain Thor public test net is now available on Github.

VeChain announced its rebranding and project’s new direction back in late-February of this year. During the time of rebranding, the project prematurely announced its partnership with BMW.

VeChain is one of the oldest blockchain projects in the crypto space. It launched back in 2015 in Singapore. VeChain is a decentralized smart contracts platform that is centered around improving supply chain management. Their project has found application in luxury items, agriculture, and winemaking.

VeChain Thor is a full-scale upgrade to the VeChain platform, utilizing the same features from before, but shifting towards becoming an ecosystem similar to Ethereum. The updated, robust whitepaper seeks to tackle IoT, blockchain governance, supply chain logistics, cars, blockchain IDs and more.

The updated VeChain Whitepaper states:

“After a comprehensive study of existing public blockchain platforms (including Ethereum) and countless discussions and debates with multiple business partners, we identified reasons in which enterprise and large consumer-focused applications are not yet on blockchain. The largest identified hurdles are NOT about the technology but instead are related to other critical aspects of the blockchain’s operational design. We’ve identified four key hurdles to enterprise adoption of blockchain.”

The four key hurdles VeChain believes is holding back the enterprise adoption of blockchain technology include:

  1. A proper governance model
  2. The current economic model of current public blockchains
  3. Proper combinations of different technologies to be adopted easily and simultaneously
  4. Blockchain compliance with regulations and changes

You can now download the VeChain thor public test net here.

Main Net Launch

The VeChain Thor main net launch is anticipated to launch June 30th. However, if bugs are found within the test net, the VeChain Foundation states the date will be pushed back. More details on the official main net launch date should surface shortly. At that time, the VEN/VET token swap will occur. Stay tuned for more details on the VeChain Thor token swap.

At press time, VEN is trading at $3.77 a coin, down –9.40%, in 24 hours.

Featured Image: Awaj

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