Tron has the most significant number of active DApp users in the market.
Dapp.com is an analytics website that tracks decentralized applications available on the internet today. The platform released its 2019 Q2 report a couple of days ago, and TRON occupies the first place in terms of active users on DApps.
The main aim of Dapp.com is to demystify decentralized technologies to assist individual users, developers, and companies to feel more at home using this new technology. From the information Dapp.com gives to the crypto community, it makes it easy for interested parties to join the decentralized environments.
According to the Q2 2019 Decentralized Application Market Report, decentralized applications or DApps have managed to remain strong in Q2 2019 performing more than it was expected.
According to the report, the total transaction volume increased to about 3.28 billion US dollars while the number of transactions recorded and amount of transaction volume recorded for the Q2 period touched an all-time figure of approximately 1,159,482 and 325 million respectively. During the second quarter, 484 new decentralized applications (DApps) were introduced to the market, which was significant growth in comparison to the previous quarter. Dapp.com states,
“484 new decentralized application was introduced to the market in Q2. At the time of writing, Ethereum, the number two ranked crypto asset by market cap, remains the first option for developers, followed by Tron and EOS.”
The platform added,
“Recently launched blockchain technologies like TomoChain and IOST are quickly creating a name for themselves in the market, but the first tier blockchain technologies have already gone way ahead.”
Also, according to the Dapp.com market report, Q2 saw a new record for active users being set at 1,159,482 as well as best performance for transactions and transactional volume. Over 700,000 new users used DApps at least once in Q2, marking the highest number in one quarter.
According to the report, 35 percent of the existing decentralized application users used DApps at least once in the Q2 period among the six blockchain platforms. This is the highest number of user usage ever recorded in one quarter.
In the case of Ethereum, user activeness usually has an active association with ETH prices where the more significant the ETH price, the higher the number of Ethereum DApp users. Since mid-May 2019, more and more token holders are being transformed to DApp users daily as ETH prices keep on appreciating.
On the other hand, EOS has a high load to prove the massive investment it raised during its funding stages. In regards to user activeness, EOS has the most active DApp user base with more than 65 percent of its users using DApps in Q2 2019. According to the report, about 34 percent of EOS holders have interacted with EOS Decentralized Applications at least once which is the second-highest after the number 2 ranked crypto asset by market cap, Ethereum.
According to the report, EOS owes its Gaming applications credit for its significant trading volume, which is responsible for more than 65 percent of the transactions. However, a recent publication has revealed that its not actual humans who transact on the EOS platform. According to the release by AnChain.AI, EOS is guilty of extensive malignant bot activity on its network.
According to investigations, about 50 percent of special Bot accounts were found to be responsible for about 75 percent of the total transactions on the EOS platform. These damming revelations are based on scrutiny of the top 10 Gaming decentralized applications operating on the EOS platform, which account for 65 percent of the transactions.
Given the fact that Bots are software applications that run automatic tasks over the internet, Bots are employed to enhance DApp rankings through bot transaction on the EOS platform. By doing this, the bots manage to increase the liquidity of DApp utility tokens, earning good returns on payout dividends or even interrupting competing DApps by clogging them with traffic.
Although Tron has the most significant number of active DApp users in the market, it takes the third position. According to the report, 82 percent of all Tron decentralized applications, 338 out of 412, stayed active in Q2.
Contrary to Ethereum and EOS, Tron appears to have a negative association between its active users and token price. The fewer users the Tron DApps register, the higher the Tron (TRX) prices and vice versa. According to the report, Tron grew the most throughout Q2 out of all the surveyed platforms.
Tron Price Takes a Marginal Dip Since Yesterday
Tron price is suffering from the drop. The currency had quite a disappointing quarter. From July till now, TRX price has fallen by almost 50%. The drop has caused a substantial change in the market cap also. If we look at yesterday’s statistics, the coin touched a high at 0.016041 USD and a low at 0.015475 USD.
Tron to USD Price Comparison & Predictions
Tron started yesterday at $0.015899. The currency fell to $0.015719 by 1.13%. Further, TRX revived and touched $0.015922 by 1.27%. Later, the coin dropped to $0.015438 by 3.04%. The currency closed the day at $0.015601 with regression of 1.87%.
Today, Tron price escalated at the beginning of the day. The price changed from $0.015601 to $0.015787 by 1.19%. TRX coin is dealing at $0.015787 and is expected to keep the price at the same level for the rest of the day.
TRX coin had a fabulous first half of this year. The currency was among top forces in the crypto market and dealt in fabulous market cap. The 24-hour volume of Tron is $526,691,731. The circulating supply is noted as 66,682,072,191 TRX. It is anticipated that TRX would close the year, reaching up to $0.020. The currency would go best with short-term traders.
Tron Has Recovered from The Early Bearish Trend; Listed Recently on DigiFinex Exchange
Tron and DigiFinex exchange recently announced a tie-up. Soon, the exchange will launch a TRX trading market where users can trade in BTT/TRX and WIN/TRX pairs. Further, DigiFinex will launch a Tron blockchain index consisting of BitTorrent (BTT) and WINk (WIN). It will ultimately reflect the market performance of Tron blockchain. Additionally, the exchange also assured for other Tron-based project listings in the future.
Current Statistics of Tron:
- On September 15, at UTC 06:04, Tron (TRX) was trading around 0.01570186 USD.
- Against Bitcoin, the crypto was valued around 0.00000153 BTC per chip.
- At present, the market rank of Tron (TRX) is 14th in the cryptocurrency chart.
- Additionally, the market capitalization of the altcoin was around 1,051,151,514 USD.
- At the same time, the 24-hour trading volume in the coin was 588,385,505 USD.
- With a return on investment of 668.49%, a total of 66,682,072,191 TRX chips were circulating in the market at the time of writing.
TRX to USD Price Comparison:
On August 19, Tron was trading around 0.01829 USD. However, today after 25-days, the coin has declined by a margin of 14.15%. In the weekly chart, the coin has almost recovered to its earlier level of 0.0158 USD, where it was trading on September 09. The coin declined heavily in the first few days of the week but made a bounce-back afterward. In the intraday trading, on yesterday, the coin opened 0.015528 USD, and with a hike of 1.8%, it wrapped the day around 0.015808 USD.
Tron Price Prediction and Conclusion:
The declining trend in Tron has consolidated in the last couple of days. As per our analysis, Tron (TRX) might trade around 0.05 USD by the end of 2019. At present, the immediate resistance for the coin is at 0.01607 USD, and the support level is at 0.01538 USD.
The strategic partnership with of Tron with DigiFinex will be of mutual benefit for both of them. The listing of Tron on the exchange is also a piece of delightful news for the user community. Meanwhile, it is the time for buying and holding the coin for a better return in the future.
The Tron’s Network Now Harbors 577 DApps
Tron network has just received another boost in its capacity with eight (8) new decentralized applications (DApps) coming onboard. Tron has undergone some golden days, but the recent circumstances are not quite promising with the virtual currency priced at $0.018199.
The decentralized blockchain platform receives another edge with 8 new decentralized applications making the total count of the applications 577 now. Tron aims to create a content-based digital entertainment system that works free of cost anywhere in the world. It relies upon a distributed framework for storage & enables quick and affordable sharing of the digitally acceptable content.
Started in September of 2017 under a non-profit firm based out of Singapore, the firm is now headed by Justin Sun with a dedicated development team for in-house operations that consists of good technology stalwarts.
Tron Foundation nurtures other plans to foster blockchain along with its implementation, to be carried out under a standard method that all industry players are employing.
The firm, Sun Network was reported to aid the leveraging of blockchain through enhanced scalability in supporting the under development DApps (decentralized apps) that can garner people in understanding Tron Foundation’s potential in the blockchain industry.
But Sun Network is not designated to be implemented under the primary net. Although, the execution of sub-chains can be done on the advanced grids that enable channeling profits for the main net while the process continues.
Justin Sun, CEO of the Tron Group, seems to be smiling at this feat right this very moment for his dream that has been manifested into a reality.
The launch of the apps has reported having boosted TRX’s volume by 30% when looked at the numbers from last week. The twitter page of the company has recently been updated with the news: