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TRON Updates: BitTorrent, niTRon Summit, zk SNARKs, Justin Sun and more.

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Everyone knows that TRON bought BitTorrent and everyone had been hoping that the crypto integration for BitTorrent would actually be using the TRON token.

Everyone knows that TRON bought BitTorrent and everyone had been hoping that the crypto integration for BitTorrent would actually be using the TRON token. This is not the case. The announcement has come out that there will be a BitTorrent token which will run on top of TRON but it won’t be TRON as the native asset within the BitTorrent ecosystem. This will be available via Binance launch pad and unfortunately, US investors will not be able to get into this sale.

 

niTROn Summit:

niTRon is the name of the TRON summit which is happening in about weeks. Justin Sun, Kobe Bryant and many other exciting people will be speaking at the event. This is going to be a really good move for TRON in terms of actually getting people excited about it, getting a lot of TRON enthusiasts in one room together, a lot of TRON investors, people who are looking to build on TRON, people who want to get invested in TRON and more. This brings everyone together in one place and it’s going to be an annual event moving from here forward. This event is going to be a big boost for the ecosystem in the way that a lot of these blockchain specific events really can be.

zk-SNARKs are going to be integrated into the TRON network in Q1 2019 which will ensure privacy on the network. Many of the other major platforms are also moving towards some kind of privacy integration.

TRON has reached 1 million user accounts which is really impressive after only 6 months of the mainnet being live.

 

TRON ecosystem:

We have seen a lot of new Dapps being developed on the TRON network. TRON Arcade is a $100 million incentive program is specifically focused on getting blockchain games to be developed on top of TRON. At the current time, the Dapps being developed on TRON are mostly gambling dapps but also a lot of new games are coming to TRON.

 

Justin Sun:

Justin Sun has been recently out calling for developers to jump ship and come to TRON specifically targetting Ethereum. He is also calling out developers from Ethereum Classic to come over to TRON and it is going to be a compelling message because TRON is well funded whereas other blockchains really struggle when it comes to actually be able to fund developers to come and build on top of their blockchain. He is also being calling out to EOS developers to come over but that is going to be a very different equation though as EOS is well funded by Block.One and the team at EOS is not having the same kind of scaling issues that Ethereum is having.
Overall, we have to keep in mind that Justin Sun is an excellent marketer and he is talked about constantly and is a very prominent figure in the crypto space.

 

2019 is going to be a very interesting year for TRON with so many things coming up. What do you fell about the future of TRON? Tell us in the comments section below.

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TRX Daily Trading Signals: 19 October

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TRX is in consolidation. The bullish pressure from the support area at $0.02470 of 17th October was sustained by the 4-hour opening candle of 18th October

Dominant bias for Tron (TRX): Ranging
Resistance Levels: $0.02800, $0.02900, $0.03000
Support Levels: $0.01700, $0.01600, $0.01500

 

TRX is in consolidation. The bullish pressure from the support area at $0.02470 of 17th October was sustained by the 4-hour opening candle of 18th October at $0.02495. The bullish pressure pushed the cryptocurrency up to $0.02573 in the resistance area and lost further momentum to continue the upward movement as the bears gradually return. The bears did state a come with an engulfing candle at $0.02560 as TRXUSD made a low of $0.02467 in the supply area below the 34-EMA.

 

The relative strength index is at 46% and it points down which implies a downward movement in price of the cryptocurrency. Price sill lies below the 34 EMA an indication of bear pressure.

TRX is in consolidation and trading between $0.02600 in the upper resistance area and at $0.02350 in the lower support area of the range. Traders should expect a breakout at the upper resistance area or breakdown at the lower support area as a winner must emerge between the bulls and the bear.

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TRON accused of presenting illusionary partnership.

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The rumor giant partner of TRON turned out to be 'Baidu. But the misleading partnership is nothing but Tron purchasing Baidu's cloud computing.

Justin Yuchen Sun tweeted on 12th October 2018 that TRON; for the first time was partnering with a billion dollar industry giant.

The rumor giant later turned out to be ‘Baidu’, also known as China’s ‘Google’ which was announced by a cryptocurrency news channel coinnessĀ on twitter


The following announcements led to the enormous increase in the price of TRON in just a couple of minutes.

However, now it came out to be that the partnership between TRON and Baidu is nothing but Tron purchasing Baidu’s cloud computing.

IndustrialistsĀ from all around the world are criticizing TRON for misleading investors and traders into investing in TRON to increase the price of the token.

TRON has been previously accused of copying the whitepaper of IPFS, copying the EVN of Ethereum and copying the DPOS of EOS.

At least they did not mislead of partnerships with IPFS, Ethereum or EOS, an investor laughed.

Calling purchase of a computer a partnership can surely be termed as creating an illusion of hopes for the TRON community and the TRON team has surely fallen in the eyes of their own community after this marketing act.

What if we say that Coinnounce is partnering with Microsoft by purchasing Microsoft Azure cloud computing service?

What are your thoughts about the TRON’s team after this act? Tell us in the comments sections below.

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