In order to successfully launch the official public mainnet for TRON, the Tron Foundation needed to spend a lot of money to meet the requirements of the mainnet. With a total budget of US$4.5 million, the TRON Mainnet launch was a success, and it became the first cryptocurrency to be launched on the Tron Virtual Machine (TVM).
There are a variety of reasons why the Tron community has grown so rapidly in the past couple of months, and it all has to do with the internet’s increasing recognition of the blockchain technology. All around the world, individuals are coming to understand the revolutionary potential of blockchain technology, and it’s not just in the financial sector.
After a month of testing, TRON has officially launched its mainnet. TRON is one of the most exciting projects to come to market in recent years. The platform has a very ambitious vision for a wide and decentralized network with the goal of providing an open-source internet. To do this, TRON is building a blockchain-based platform that will enable users to make unstoppable digital assets, conduct fast, secure, and inexpensive transactions, and govern millions of decentralized applications.
Since the beginning of 2019, the crypto market has been subjected to unprecedented levels of financial volatility.
The entire market value of this growing industry, for example, was approximately $130 billion in January. By July, however, the market as a whole had seen a surge of positive momentum, pushing the entire capitalization value of this sector to a staggering $373 billion. Following this time, the previously stated bull run began to fade, with the market now hovering just around the $200 billion level.
A few cryptocurrencies maintained a solid financial position throughout the year, avoiding the numerous economic downturns that occurred during the year. Here are some of the most notable cryptos that aren’t Bitcoin.
Few people would be shocked to learn that ChainLink (LINK) is among the best-performing cryptocurrencies of 2019. The platform aims to close the gap between smart contracts built on the blockchain and real-world applications.
In terms of economics, LINK got off to a sluggish start this year, with the price of a single token increasing from $0.31 to just over $0.45 in little over five months. By the first week of July, however, the currency had achieved its financial peak, with a single LINK token fetching as much as $3.74. LINK is currently trading just over the $1.90 level, despite the currency losing some of its incredible financial velocity in recent months.
Overall, the LINK/USD trading pair has increased by more than 500 percent since the beginning of the year, while the LINK/BTC pair has increased by more than 300 percent – an amazing achievement, to say the least.
Binance Coin (BNB) is a cryptocurrency that was
Binance Coin (BNB), which was introduced to the market in mid-2017, is a token that may be used for trading as well as the facilitation of different fee-related payments inside the Binance exchange platform. Furthermore, Binance offers BNB holders a variety of bonuses and discounts for using the digital currency for internal transactions.
In terms of BNB’s performance, the currency began the year with a price of approximately $6. However, by the end of May, the price of a single BNB token had risen to $35.20, representing a 450 percent increase. The value of BNB fell from $33.10 to $15.79 in the third quarter of 2019, indicating a significant turnaround in the currency’s fortunes. BNB’s value, on the other hand, has been relatively constant in recent months, with the asset’s average value in December hovering just around $14.
The total value of the BNB/USD pair has risen by almost 140 percent since the beginning of the year.
Tezos (XTZ) is a decentralized computing platform that uses a formal verification protocol and a proof-of-stake consensus module to manage its internal governance. In terms of how the system works, holders of XTZ tokens who stake them are eligible to earn extra tokens as a reward for generating and validating blocks.
In terms of financial success, XTZ began the year at a price point of $0.47. However, at the end of the first quarter of this year, the value of a single token had risen to $1.06. Between April and June, XTZ’s performance soared, with the currency hitting an annual high of $1.88 on May 19. XTZ’s value remained stable in the third quarter of this year, hovering about $1–$1.20. However, the crypto currency has regained momentum since the beginning of December, with a single token now selling for $1.51.
The value of the XTZ/USD trading pair has risen by more than 190 percent in 2019.
Token for the Synthetix Network
The Synthetix Network Token (SNX) is an ERC-20 token that is used to enable all of the Synthetix exchange’s native transactions. SNX tokens are also used as collateral to back SNX synthetic assets, known as Synths, which are utilized inside the Synthetix Network to monitor the market value of any basic asset utilizing a peer-to-contract mechanism.
The price of a single SNX token reached a high of $0.07 between January and April. Since May, however, the digital currency has continued to rise in value, with the sole significant dip being on Nov. 26, when the crypto industry as a whole suffered a severe financial downturn.
Overall, the value of SNX has risen by almost 200 percent since the beginning of 2019, with the currency now trading at $1.33.
Bitcoin Cash (BCH) is a cryptocurrency that
Bitcoin Cash (BCH) is a hard fork of Bitcoin that is now one of the top ten cryptocurrencies on the market.
One BCH was trading for $135 in the second week of January from a financial standpoint. By the beginning of April, however, the currency had risen beyond the $300 mark. On June 26, when the asset was trading for $479.96, the currency achieved its yearly monetary peak. During the third quarter of 2019, BCH’s value was reasonably steady, hovering around $300, but the currency has been steadily losing value since the beginning of November, with a single coin now selling for little over $195.
Overall, the value of the BCH/USD trading pair has increased by more than 30% in the past year.
Cosmos (ATOM) is a decentralized network made up of a number of separate, scalable, and interoperable blockchains. The platform has gotten a lot of interest in 2019, particularly after the network’s linked cryptocurrency, ATOM, skyrocketed in value during the month of May. To put things into perspective, ATOM was selling for $0.001 on January 1st.
The currency is now trading for much over $4.20.
Litecoin (LTC) is a top-ten cryptocurrency developed by Charlie Lee as a resource-friendly alternative to Bitcoin.
During the first week of January, LTC was trading for $32. However, on June 22, the cryptocurrency had climbed to a high of $141.73 per coin. LTC’s performance has deteriorated since then, with the currency trading at an average price of about $43 in December.
Since the beginning of the year, the value of the LTC/USD trading pair has risen by approximately 40%.
Token of Basic Attention
BAT began the year with a price of about $0.13. The currency, however, had already scaled up to its yearly high of $0.44 by the second part of April. Following this time, the top 50 asset continued to lose value until September, when it resumed its upward trend, hitting a new high of $0.27 on November 17. BAT’s price has been reasonably steady at $1.70 since the beginning of December.
The value of BAT has risen by approximately 35% in 2019.
Ether (ETH) is a top-ten cryptocurrency that is generally regarded as the market’s second most popular digital asset (after Bitcoin). Ethereum’s creators envisioned the platform as a “world computer” for smart contracts, which are a digital protocol for facilitating, verifying, and enforcing contracts with predefined terms. Furthermore, the Ethereum ecosystem enables for the creation of ERC-20 tokens.
Ether was trading for $116 on January 13th. The value of the second-largest cryptocurrency, however, continued to rise over the next six months, eventually reaching an annual high of $334.66 on June 26. Except for a short time in September when the currency soared over the $210 mark, Ether continued to fall after this period of positive momentum, eventually stabilizing at a price range of $150–$180.
Ether has been consistently trading between $130 and $150 since late November, indicating a value gain of approximately 20% since the beginning of the year.
EOS is a cryptocurrency platform that developers may use to create a variety of decentralized apps. The EOS token is used to enable native transactions as well as internal operations on the eponymous system. Furthermore, the EOS blockchain has been intended to be extremely scalable and customizable, which is one of the major reasons why the project is so popular in the first place.
The digital currency EOS was trading for $2.23 in the second week of January, according to its financial performance. The asset rose significantly between February and May, with the price of a single token hitting $8.54 on May 31. Over the following five months, the currency’s value fluctuated between $3 and $3.80. EOS, on the other hand, has been rather steady since the final week of November, presently trading around the $2.55 level.
Since the beginning of the year, the EOS/USD trading pair has risen approximately 10% in value.
The TRON community has seen a lot of ups and downs in the last few months. The coin was delisted from Binance, and the Tron mainnet had a large number of bugs that weren’t fixed until recently. In the face of all this, TRON has continued to rebuild its community. With the launch of the TRON mainnet and the official TRON wallet, the coin is well on its way to being a major player in the blockchain space.. Read more about is tron erc20 and let us know what you think.
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