Some of the biggest crypto winners of the day so far include EOS and TRON (TRX). What’s happening with these coins?
EOS is currently selling for $13.61, which puts the coin up 17.59% in the past 24 hours.
EOS has been ramping up since the second week of April, with EOSIO Dawn 3.0 launching and other further preparations moving us towards EOSIO 1.0. Unlike last time, EOS looks to be maintaining its 5th place ranking over Litecoin (LTC). EOS currently has a market cap of $11.1 billion USD.
In the past week, EOS has also received several new listings on cryptocurrency exchanges. Last week, EOS listed on Zebpay. Now, the demand for EOS has led to two more exchanges bringing on EOS as an available currency.
Monday, EOS was added to the eToro trading platform. eToro has 9 million users, all of whom now have access to EOS. Other cryptocurrencies already on eToro include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), NEO, Ethereum Classic (ETC), and Dash. Additionally, EOS will be added to eToro’s Crypto CopyFund, which allows users to use CFDs to diversify across all available cryptocurrencies, as weighted by market cap, with just one click.
Chinese crypto exchange Huobi also wants to get in on the action that is EOS. Huobi Pro will be campaigning to become a block producer, or supernode, on the EOS blockchain.
Crypto exchange Bitfinex is also running to become an EOS block producer, hoping to grow the open-source nature of the project.
With so many industry players backing EOS now, this crypto is beginning to look unstoppable. Where will EOS go from here?
TRON is currently selling for $0.065761, which puts the coin up 20.37% in the past 24 hours.
TRON is also getting in on the action of new listings. TRON founder Justin Sun recently tweeted that TRX will be expanding into Malaysia, with its first Malaysian exchange listing. The coin is to be listed on the exchange CoinBene (not Coinbase, sorry everyone) as of April 25th, 14:00 (UTC +8). It will be a TRX/USDT pairing.
Justin Sun also recently answered some questions, in preparation for the main net launch of TRX. First, he assured holders that there would always be an exchange supporting TRX migration, so if you miss the initial migration, you needn’t worry.
Sun continued, saying that holding TRX meant you held resources of the entire TRON network. This means you can participate in crowdfunding, collect on airdrops, and vote in the Super Election. The end goal of TRON is to be governed by both the Foundation and by its community.
There will be no additional issues of TRX before 2021. Any bonus TRX for package transactions before 2021 will be from the TRON Foundation. After 2021, the supply of TRX will be increased by a fixed amount, rather than by percentage.
When the main net initially launches, the transactions per second (TPS) will be at 10,000 TPS. Sun clarified that after the launch, further optimization will be implemented in order to improve the TPS. The main net launch of TRON is meant to focus on performance and security testing, as well as TPOS mechanism improvement.
By Q3, Sun said that TRON wants to be able to “fully support third-party apps and provide third parties with stable and reliable system-level support, including high-performance pluggable smart contract virtual machines and optimized P2P network systems.” In Q4, Sun said that they will focus on cross-chain communication along with privacy protection.
What do you think about all these TRON updates?
Featured image: The French Cellar
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