Posted on

NEO/USD Dominates Cryptocurrency Market on Monday as ONT Goes Live

The cryptocurrency ranked 12th by market capitalization is appreciating the highest gain for the last 24-hours of the top leading coins. It is changing hands at $36.57 against the US Dollar with 17.11% increase in the last day.

Source: coinmarketcap

NEO Welcomes Partner Mainnet Launch

Neo and Ontology had since May 2018 collaborated in a MoU Concerning Strategy and Technology where a joint force between the two cryptocurrencies was initiated to better the world of blockchain.

“NEO and Ontology will work together to build a smart contract ecosystem, and will fully support the development and adoption of NeoVM and NeoContract, and will collaborate on developing smart contract open standards.” – from the statement

Even that the two events of Ontology network launch and NEO’s price gain might not seem connected, projects and partnerships that are building long-term upside paths are true excitement generators.

Ontology, a Shanghai-based project working closely with the developers behind Neo, launched its live network on June 30. In doing so, it becomes the latest blockchain infrastructure project to put its ambitious blueprint into action.

While there is yet much to be seen, Ontology’s native ONT coin has silently debuted as one of the leading digital currencies on the 21st place with a market cap of $808 mil.

loading…

Get real time updates directly on you device, subscribe now.

Posted on

History Repeats Itself: Tron (TRX) Nosedives During MainNet Launch

One of the fears of many Tron (TRX) HODLers before the MainNet launch, was whether the token would hold its own in the crypto-markets. The fear behind this, was that TRX has had a history of nosediving in the markets ahead of, and during any major announcement.

Response During TestNet Launch

When the TestNet version of the Tron Platform was released on March 31st, the token experienced a drop in value that was not welcomed by the HODLers and fans of the project. This is because the token fell from values of $0.049 on March 29th, to values of $0.028 on April 1st. This was a massive drop of 42.8% in a period that was under 3 days.

During the day of the launch, on the 31st of March, TRX managed to nosedive from $0.040 to values around $0.033: a drop of approximately 17.5%.

What about during the MainNet launch?

Initial reports indicate that the drop in value was 14% but let us do the analysis ourselves. At 3:14 am, UTC, and 14 minutes into the MainNet livestream by Justin, TRX was valued at $0.064. One hour later, and at 4:24 am, UTC, TRX was valued at $0.059. Doing the math, this is a drop in value of 7.8% in only 1 hours. TRX has since somewhat recovered and is currently trading at $0.061 and down 4.07% in 24 hours.

Also to note, that during the first few minutes of the MainNet launch, the price of TRX experienced a spike from $0.061 to the aforementioned level of $0.064.

TRX Performance During MainNet launch, Source, coinmarketcap.com

A recording of the livestream is available for your viewership on the Tron Website. Justin Sun and the Tron Foundation can be lauded for their communication skills in terms of daily updates and livestreams during critical events such as the TestNet and MainNet launches.

The events that will now happen after the launch, is the rigorous testing of the platform that has Justin offering up to $100,000 to any developer who can find critical bugs on the new platform. The bounty program runs from the 1st to the 24th of June. The Genesis Block of the platform has been scheduled for launch on the 25th of June after the token swap has been completed.

Disclaimer: This article is not meant to give financial advice. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.
Posted on

EOS (EOS) Showcases Real Competition for the Top-Tier Cryptos

In the worst times, only the best are surviving. Acknowledging that the crypto-market is of great dramatic nature and changes on a daily basis, still some contenders are cementing their places slowly but steadily.

EOS In the Race

Generally, in the weekend digital currency asset prices start recovering, reversing weekend losses or even move higher. However, this time a very bearish sentiment has taken over the crypto-verse. Lead coins like Ethereum ETH/USD have dropped for 20.00 percent, BCH/USD 21.56 and so on – in seven days.

EOS Trading

Source: coinmarketcap

For TRON and EOS things are looking pretty better. This could be due the MainNet Network launch that is going to take place for both coins in a couple of day.

The pair EOS/USD is leading the BTC market with 0.45% in the green and the ETH market 3.79% in the green. After dipping to the lows of $10.53, which has not taken place since mid April, the 5th by market cap returned speedy to $12.45.

EOS Pairing

Monthly long trading path!

But, even EOS is still under the declining trend since its all-time record high in April at $22.86 which is almost double the value it is changing hands now. However traders, do not lose your hope as things might change soon enough.

EOS MainNet Launch Approaching

Often when the market is not looking very good, cryptocurrencies have an attraction-effect of pulling one enthusiast to divert attention to its technical intricacies. The technical side of the projects that we all are fans of.

“EOS tokens will become frozen on the Ethereum blockchain on June 2, 2018 22:58:59 UTC. The mainnet launch will occur shortly thereafter.” – EOScountdown webpage.

Its MainNet platform is targeting to become the leading network for dApps including superior smart contract potential to that of its first row competitor – Ethereum.

According to the Exodus Movement, which recommends registering your EOS address, all ERC20 tokens will be frozen on June 1;

“EOS Mainnet tokens are to be distributed in a 1:1 ratio to the ERC20 tokens held by registered addresses. The current ERC20 EOS tokens are simply placeholders. All tokens are said to be swapped for Mainnet EOS tokens after the launch of the Mainnet.”

Posted on

EOS (EOS) Price Double Digit Gainer: MainNet Launch

EOS/USD

After a major freefall of the digital asset token prices in the crypto-market, buyers are having their saying using the opportunity to step in very low. Accordingly, the pair EOS/USD is at 10.43% gain in the last 24-hours reaching the level of $12.24.

EOS Blockchain

Source: coinmarketcap

The most trading by volume per exchange is going for the Asian based platforms. Bithumb is leading with 19.63% volume in the last 24-hours for the EOS/KRW pair. Upbit follows up at 15.39% volume. Despite clearing the daily declining trend, the pair is struggling for now to break above $12.20 which could take some time. But, as the market in general is moving upward, the same wave probably will take EOS even higher.

EOS MainNet Launch

“EOS tokens will become frozen on the Ethereum blockchain on June 2, 2018 22:58:59 UTC. The mainnet launch will occur shortly thereafter.” – EOScountdown webpage.

Often when the market is not looking very good, cryptocurrency have an attraction-effect of pulling one enthusiast to divert attention to its technical intricacies. The technical side of the projects that we all are fans of.

EOS Investing

Picture – from the online countdown page.

EOS mainnet plans on being the most powerful platform for decentralized apps with superior smart contract capability to that of Ethereum. TRX and EOS are currently an ERC20 tokens which means you can use your Ethereum wallet address to send and receive them.

According to the Exodus Movement, which recommends registering your EOS address, all ERC20 tokens will be frozen on June 1;

“EOS Mainnet tokens are to be distributed in a 1:1 ratio to the ERC20 tokens held by registered addresses. The current ERC20 EOS tokens are simply placeholders. All tokens are said to be swapped for Mainnet EOS tokens after the launch of the Mainnet.”

Very similar to IOTA which was looking to find a way to solve existing problems and issues that cryptocurrencies are facing right now, EOS developers believe that the famous scaling problems are solved with which Bitcoin and Ethereum do deal quite a lot.

It is a platform which give the opportunity to developers to work on decentralized apps on a blockchain architecture and environment that plans to bring the best smart contracts tech into this platform.

EOS functions on the DPoS mechanism and has only 21 block producers who are responsible for validating each block. Having only 21 full nodes to confirm a transaction results in a net increase in the number of transactions that can be processed every second. Each block producer can mine only one block at a time. They take turns to mine a new block after every half a second.