Ethereum [ETH] Back on Recovery Track: TRON TRX Following
As the recovery road commenced, the third largest coin by market capitalization Ethereum [ETH] lead the pack with its speedy value increase against the US Dollar.
After climbing back above the major $100.00, the pair ETH/USD reached a level of $140.00 with a market capitalization of $14.454 bln.
Source: coinmarketcap – monthly ETH price movement against the US Dollar.
Sellers had the upper hand against buyers per/reaching $150.00 level which support previously was cleared during one of the fast downward plunges of the last month. So, the week for one of the most promising coins ended on the happy side with almost 50% upward movement.
Through a recent Ethereum core developer bi-weekly call, it has been confirmed that Constantinople, the project’s next pertinent protocol, will activate on the processing of block 7,080,000, which is slated to arrive around January 14th, per CoinTelegraph and statistics from Etherscan.
I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates.
Being known for strongly highlighting the characteristic of following the larger-leading coin, TRON [TRX] is experiencing a welcomed 48.63% rise reaching the above-seen level of $0.02100. The recovery should not come as a surprise as TRON and the behind the virtual coin made many advancements and announcements even during the great market downfwall after Bitcoin Cash’s much debated Hard Fork. As predicted by our team at EWN – it will not go long before TRX stands firmly above $0.021.
The creator of the platform that wants to change the internet how we know it today – Justin Sun, during an interview Inc. Magazine added on how the team designed the testing route which the network could take via purchasing BitTorrent.
“One of the reasons we purchased BitTorrent, besides its great team, is that we’ll be able to test scalability like no one else, with 100 million monthly active users getting exposure next year to blockchain …
TRON and BitTorrent will continue to work on separate projects while orbiting each other and collaborating on that goal of decentralizing the internet.”
We think we stand out with our accelerator program because it’s stable, more efficient and has lower fees associated with it … The biggest issue really is educating developers globally–first on ‘why blockchain?’ and second on ‘why TRON?’ That’s why we recently launched the $1 million (USD) TRON Accelerator DApp competition. By giving prizes totaling that $1 million, the developer community gets to… execute their ideas or projects on TRON.