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Currency Market

Tron rushing. TRX thrashes top 4 cryptos’ unified daily transaction volume

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Most cryptocurrencies are doing their best each day to make sure that they are on the front foot. And we all can see, it seems like Tron (TRX) is in no mode to stop any time soon as the blockchain keeps bringing excellent news for its users almost every day.

Just yesterday, Tron achieved another milestone; surpassed combined daily transaction volume of top four cryptocurrencies. A few days ago, it exceeded 1 million transactions per day as it continues to grow the total number of accounts as well as the online nodes.

Tron on the Driving Seat

On his Twitter account, Tron founder and CEO Justin Sun, announced days ago that Tron surpassed 1 million daily transactions. At the point of that announcement, Tron had recorded 1018795 daily transactions.

Now the daily transactions of Tron have surpassed the daily transactions of four cryptocurrencies combined; Bitcoin (BTC), Ethereum (ETH), XRP and BCH. That is definitely a milestone worth celebrating for Tron enthusiasts and tells that all the partnerships have not been in vain. Tron is aiming for mass adoption and what is more to show signs of achieving that goal than this number of transactions?

Tron users have something to smile about now as their ‘trust’ (yeah, investing money is all about trust, you should invest in only what you trust) is leading even the crypto-king, Bitcoin, regarding transactions.

If you ask any Tron enthusiast, you will get a similar answer across the board; the price. They will want the market price of TRX to be on the move and rank among the top five (if not three). Perhaps, this is achievable going forward as Tron is doing everything possible for the blockchain to take the bragging rights.

Apart from the daily transactions, Tron (TRX) is experiencing accountable growth in its nodes and addresses. These strides alongside the partnerships cryptocurrency is securing, might push it to the top 5 soon.

At the press time, the 11th most significant cryptocurrency by market cap, Tron (TRX), is trading at 0.2344 after going down by 1.99% in the last 24 hours.

For now, we may be talking about Tron surpassing the daily transactions for four cryptocurrencies, but who knows what lies ahead for TRX? Maybe we’re about to see the price of Tron shooting as at the moment it can be depressing to look at with all the developments it’s making.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Currency Market

Bitcoin, XRP, ETH, Litecoin, XLM – the whole market crashes, why?

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In the past 24 hours, the crypto market has found itself caught in a big bloodbath resulting in the loss of more than $26 billion, making it one of the most extreme losses and daily sell-offs this year.

At Nov 14, 2018, 22:41 UTC, the price of Bitcoin was at $5,525.92 – which is noted to be one more than a 12% loss – it shows the volatility of the crypto-market but in connection to the downside. Continuing with its decline, at the time of writing, BTC has dropped even a bit further to $5,501.

It is important to know that this is the first time in more than a year the total market cap of Bitcoin moved underneath the $100 Billion mark. However, in the last twelve hours, the total market capitalization of cryptocurrencies fell from $210 Billion and it is now at $184 Billion.

Due to the drastic fall of Bitcoin, other cryptocurrencies such as Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Stellar (XLM), etc., followed suit recording falls of about 10% or more.

In the course of the current cryptocurrency carnage in the market, XRP has overtaken Ethereum by market capitalization as the second largest digital asset in the space by market capitalization, according to coinmarketcap.

Only the stable-coins like Tether are still trading in the green. Tether and other stable-coins have been projected to trade steadily against USD. At the time of writing, USDT is…

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Currency Market

Ripple partners leading Malaysian bank CIMB while XRP value plummets

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Ripple (XRP) is one of the fastest growing and most reliable blockchain firms and digital assets in the world today. The digital asset, XRP, was not just created for retail purposes alone, but to help global remittances and cross-border payments.

In a bid to change global remittance and cross-border payments, Ripple CEO, Brad Garlinghouse, was recently caught with the head of a leading bank in Malaysia, known as CIMB. Interestingly, the partnership was revealed through an Instagram post from CIMB’s CEO, Zafrul Aziz. The Instagram photo featuring both Garlinghouse and Aziz captions:

ZafrulAziz caught up with @bradxrp from Ripple this afternoon at the #SGFinTechFest. Strategically leveraging on Ripple’s blockchain technology has enabled #CIMB to deliver instant cross-border remittances for our customers. Now, our SpeedSend truly lives up to its name! Being the first regional bank in ASEAN to partner with Ripple adds another great milestone in our digital journey! #futureofbanking #valueproposition #forward #CIMB #teamcimb.”

It is essential to know that the news was later confirmed through a Reddit post and from a tweet by a member of Ripple’s community who wrote,

“@CIMBMalaysia being the first regional bank in ASEAN to partner with @Ripple to deliver instant cross-border remittances via SpeedSend. Thank you, Alan, for the info.”

CIMB Group is one of the leading financial institutions in Malaysia. The Group has grown alongside ASEAN – from a merchant bank to a regional banking power-house today. The CIMB…

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Altcoins

Coinbase market influence: Stellar and Cardano pumping on listings hope

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Last weekend was a pretty dull weekend of exchange for the cryptocurrency market with a majority of coins recording depreciating prices across the crypto-board. Following the dismal performances that were experienced throughout the weekend by digital assets, the entire crypto market has depreciated by around 1.8 percent to stand at about $211 billion according to CoinMarketCap currently.

The Dismal Performance of Crypto Market

For the past few days, the crypto market has been experiencing a shortage of crypto news that is generally used to guide prices forcing investors and merchants to rely more on technical analysis.

And with many digital assets trading close to their resistance levels, the prices of these assets have been coming under pressure as the number of people selling them is exceeding those who are willing to buy them.

While that was the scenario for the two leading cryptocurrencies, Bitcoin and Ethereum, Stellar Lumens and Cardano (ADA) have been showing dissimilar trends. The two altcoins have been bullish defying the recent market declines that have been bedeviling the crypto market by surging upwards over the last few weeks.

The two altcoins have…

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