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Tron transaction volume will eclipse those of ETH once DApps are introduced

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Tron
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The fact of the matter is that the Mainnet of the Tron (TRX) project is still not yet complete. The last phase of the Mainnet integration will be completed on the 30th of August. We currently have the Tron Virtual Machine that has been running smoothly since its release on the 30th of June. This means that the existing 19 Decentralized Apps linked to Tron might not have been migrated to the Mainnet at the moment of writing this. Once the Mainnet is 100% certified as being complete, then its lights, camera, and action for the Tron Platform.

The 19 DApps backed by Tron include Peiwo, Game.com, Odyssey, Gifto, Kitty Live, Mico Team, Baofeng Xinying, GSC Team, SAMY, DRadio, TronWallet, PandaFun, Task, NextGenius, Tron Monster Miners, TRXPLORER, Multicurrency Index and Decentronland.

The platform currently is handling 173,981 transactions as per TronScan and at the moment of writing this. Ethereum is currently handling 648,565 transactions per day also at the moment of writing this. The ETH platform currently has 1,784 DApps running on it. Ethereum’s daily active users on these DApps is currently around 10,000 and they take up 60,000 transactions per day of the mentioned 648,565 (9.25%)

Going back to the Tron DApps, Peiwo alone has over 10 Million users. This means that once the entire DApp is migrated onto the Tron Mainnet, the transactions per day on the platform will increase in an instant. Using the provided stats of the Tron mainnet being able to handle 2,000 transactions per second, this translates to 172,800,000 transactions per day at full throttle. This extinguishing any fears as to whether the Tron mainnet will handle such high volumes of transactions as DApps migrate onto the platform.

In conclusion, the Tron Mainnet is yet to have any official DApps built on it or migrated onto the platform from the Ethereum network. Once that happens, the daily transactions per day will increase and so will the demand for TRX. The digital asset will be the base currency in all these DApps. Therefore, a price increment will be evident in the coming months as DApps start being built or migrated onto the Tron Platform. Just keep on HODLing, TRX is sure to put on a show with time. The project even has plans to become the Google of Blockchain.

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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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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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