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31st May and 2 Other Crucial Dates For Tron (TRX)

As soon as Tron’s Testnet was launched on the 31st of March this year via livestream on both twitter and periscope, a new countdown was started. This new one was for the release of the Main Net version of the Tron (TRX) network that is slated as being the best of the best in the industry. Along with the Main Net launch, there are two other critical dates for the Tron project that are equally important.

But let us start with the date for the MainNet launch.

31st May, 2018: This is the offical date for the launch of the Tron Main Net launch. In days, and referencing today, the launch is 33 days away. On the 19th of May, Justin Sun, via his twitter page, had calculated the time to the detail. In the tweet, he said:

#TRON Main Net Launch Countdown: 41 days, 984 hours, 59,040 minutes, 3,542,400 seconds! #TRONSR $TRX

There is also a Reddit page dedicated to the countdown towards the Main Net launch.

21st June, 2018: This date is significant to the Tron project for it will be when the Tron Foundation will initiate the token migration from the ERC20 platform to the fully developed Tron Network. All transactions on exchanges are advised to be frozen from the 22nd to the 23rd of June as the process happens automatically in them. If users miss out on the migration on the set days, there will be a forever-supportive exchange (yet to be named) that will facilitate users to do so.

The migration will be in exchanges to guarantee the security of the tokens and coins for the users.

26th June, 2018: This is when the Super Representative elections will be held. A Super respresantive is  the bookkeeper on the TRON network. The elected number will be a total of 27. They are responsible for verifying the transaction data distributed on the network to perform package transaction and create blocks. Super representative’s information is publicly available on the TRON network.

The above 3 dates, in addition to planned TRX listings on more exchanges in the future, are sure to excite the Crypto-verse and the markets in the coming days. The best way to be in tune with the events, is perhaps to set your own countdowns using the numerous available mobile apps or simply set calendar reminders on your phone.

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Is This The Week For Ripple (XRP)?

Current technical analysis of Ripple (XRP) puts the coin’s support level at $0.80 and a resistance level of $0.88. This means that if the weekend correction is mitigated by more volume in the markets and Ripple, we will soon see levels past $0.90. What remains to be seen, is if XRP can reach the much anticipate $1 value this week.

The way the cryptocurrency markets have been observed to work during the weekends, is that the total market cap declines on Sunday. The exact explanation has not been pin pointed, but speculation is high that on Sunday, most traders are away from their home or office computers.This means that popular day trading is not at its peak as usually is during the week.

Ripple has been on the lips of every cryptocurrency enthusiast for the past 2 or so week due to the coin doing an impressive 72% leap in less than 2 weeks. This movement started on April 12th when XRP was valued at $0.51. It would then peak to $0.93 on Saturday, April 21st. XRP is currently valued at $0.88.

The word amongst several XRP believers is that the coin has been highly undervalued in the markets. This is because Bitcoin (BTC) seems to be the King of Crypto and sets the tide for the rest. Whenever BTC prevails or shows sideways movement, all alternative cryptrocurrencies show gains. But whenever BTC falls, the entire market falls.

XRP has been making major strides in terms of partnerships with banks around the globe, with the most recent being Santander launching their proprietary international payments service called One FX. This service uses Ripple’s xCurrent software to transfer money across the globe in the countries of Spain, UK, Brazil and Poland, with the bank expecting to roll out the service across more countries in the coming months.

Considering that XRP did an impressive 35,000% in gains last year in the markets, 2018 could prove to be the year that Ripple could upset the markets and become a more mainstream coin option for traders and exchanges in the sense where it will be on level equal or greater than Bitcoin. With the current momentum of XRP, the coins popularity is surely to increase.