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Amid the current market crash, $1 billion worth of USDT was transferred from Tether’s treasury to Binance.

The past couple of days were particularly devastating in both the cryptocurrency and the legacy markets.During Saturday’s trading session, Bitcoin’s price crashed to a low of around $34,000 on Binance, and it’s currently trading at around $35K, struggling to hold above that level.Now, Whale Alert detected that $1 billion worth of USDT was transferred from the Tether Treasury to Binance.Tether was quick to explain what happened.

In few minutes, Tether will coordinate with a 3rd party to perform a chain swap, converting from Tron TRC20 to Ethereum ERC20, for 2B USDT. The tether total supply will not change during this process.

This means that Tether has not printed any fresh USDT and is just deploying coins from Tron to Ethereum, sending them to Binance.SPECIAL OFFER (Sponsored)Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees. You Might Also Like: Tags: Tether (USDT)

Blockchain technology has become even more popular with the advent of smart contracts. It has skyrocketed the demand for utilizing the blockchain and left a huge impact on such cryptocurrencies that offer smart contract facilities. Technically speaking, smart contracts are programmable agreements or protocols that can self-execute and be enforced without the need for any middlemen. The increased use of distributed ledger technology has led to a dramatic rise in the mainstream development and adoption of smart contracts. Several cryptocurrencies lead the battle of smart contracts, but only the best can knock out additional complexities and technical flaws to keep the operations going. In this article, we have listed the top cryptocurrencies that are providing smart contract capabilities in 2022.Ethereum:  

Ethereum is known for being one of the best cryptocurrencies that launched smart contracts on its network. But the crypto is victim to some of its own shortcomings that will be met with a more renewed and efficient version of it, namely ETH 2.0. But until it is launched, it provides a big window for all its other competitors to start developing more advanced versions of smart contracts and launching them to attract more customers.Solana: Currently, Solana is the fastest cryptocurrency on the block, with a capacity of 50,000 transactions per second. Besides this, investors are attracted to SOL due to several other reasons. It uses the proof-of-history consensus algorithm that can process transactions even more quickly. Since projects form a big part of the investors’ trust in the cryptocurrencies, SOL has quickly gained several projects and currently entails more than 400 projects on its network.Polkadot: Polkadot not only stands out for its speed but also for its interoperability. It uses parachains that run parallel to the main blockchain to allow it to process transactions faster. But it is to be noted that when it comes to DOT, smart contracts run on parachains, and not on the main blockchain.Cardano: Cardano is extremely new in this smart contract race. The crypto has a tendency for a slow and steady approach to development, preferring the latest technological advancements and peer-reviewed processes. This means that most of its process takes a long time to be introduced several members of the community decide on launching it after years of examination.SOLANA, CARDANO, AVALANCHE, MATIC, LITECOIN, BITGERT & CENTCEX – DO YOU KNOW 3 FACTS ABOUT THESE CRYPTOS?17TH JAN UPDATES: SOLANA, CARDANO, AVALANCHE, MATIC, LITECOIN, BITGERT & CENTCEXBUY BITCOIN WITH PAYPALAvalanche: Currently, Avalanche is being considered as one of the rising stars of the crypto market. It is the fastest smart contracts platform in the blockchain industry, as measured according to time-to-finality. It is extremely agile, has low transaction fees, and is also environmentally sustainable. The AVAX token is hard-capped and can be used as a model for conducting payments.Cosmos: Cosmos focuses on the interoperability that ensures different blockchains can talk to each other. It promotes itself as a project that solves some of the hardest problems that the blockchain industry is currently facing. Some of its other goals include making blockchain technology less complex and easier for developers to build frameworks of decentralized apps on it.Algorand: Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide variety of applications on its network. It is also one of the new smart contract platforms that promise low costs, scalability, and speed, without compromising security.Elrond: Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using the sharding process. It describes itself as the technology ecosystem for the new internet which includes fintech, decentralized finance, and IoT. It can process 15,000 transactions per second, which is not as fast as Solana but is a way faster option than Ether.Ergo: The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be helpful and survivable in the long run. The platform does not charge any gas fees, which sets it apart from the rest of the cryptocurrencies in the market.Tron: Tron is a blockchain-based operating system that aims to provide secure means to blockchain technology. It is best described as a decentralized platform focused on content sharing and entertainment and is one of the most popular options for building decentralized applications.

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CryptocurrenciesShare This ArticleDo the sharing thingyAbout AuthorMore info about authorSayantani SanyalMore by Sayantani SanyalRelated Top List ArticlesSimilar Posts From Top List Category5G and IoT: What does it mean for Telecom Industry?December 29, 2020Top Ambassadors of Crypto Trading Platforms in 2021October 17, 2021How to Buy Koda Coin in 2022January 13, 2022

The recent crypto market crash has sent shivers down the spines of most holders. However, for the OG investors, the current bear market is nothing but a temporary correction. In addition, Metaverse crypto coins continue to see significant price gains, with some rising as high as 23% today. This article looks at the top three Metaverse crypto coins gaining the most price today, ordered by 24-hour growth lowest to highest.#3 Moon Nation Game (MNG) +12%

Launched in June 2021, Moon Nation Game is a crypto-gaming ecosystem built with a play-to-earn model. It features an NFT marketplace and a bridge platform, allowing users to use a single token for various crypto games.

Moon Nation Game is now live with a limited selection of games on the platform as a proof-of-concept. The team plans to integrate more games in the future as the ecosystem grows. In addition, Moon Nation is working on launching an exclusive collection of NFTs with in-game uses.

While we currently couldn’t check out the platform, the team shared gameplay footage from their latest project on Twitter:

Updated version of our game will be released in the next few days. 🚀🔥💥 pic.twitter.com/x5dRHdgb0C

— MOON NATION GAME (@MoonNation0) January 18, 2022

Moon Nation features the BEP-20 MNG token as the native currency on the platform. Users can purchase MNG on PancakeSwap, MEXC, LBank, Hotbit, and Decoin.

Launched in October 2020, MegaCryptoPolis is a decentralized city builder dApp game. The project runs on the Ethereum and Tron blockchains, and users can currently check out the game.

The MegaCryptoPolis game is a multiplayer strategy game that enables players worldwide to build a unique megacity collectively. Every asset in the game is tokenized and stored as a unique ERC-721 NFT. In addition, MegaCryptoPolis is based on a decentralized model, with all game transactions verified by smart contracts.

To start playing, users should purchase a plot of land. At writing, the cheapest land properties were priced at 0.098 ETH (roughly $240). While still not a cheap endeavor by any means, these plots of land are much more affordable compared to the $10k+ prices for land in Decentaland or The Sandbox.

MEGA is the native ERC-20 token on the platform, making in-game resources liquid, enabling staking, liquidity mining, and yield farming. You can purchase MEGA on Uniswap, Hotbit, Mooniswap, and ShibaSwap.

Launched in November 2021, ClassicDoge is a Metaverse platform for pet lovers. It allows users to create Ultra-HD 3D NFTs of their pet that can be used across social media, games, VR platforms, and more.

What better way than to immortalize your dog or cat by turning them into a 3D NFT and showing them off to the world!

ClassicDoge is still in its early stages, and unfortunately, we couldn’t find a Minimum Viable Product of their idea. The lack of a demo is a big reason XDOGE’s fully diluted market cap is only at $16 million with a 24-hour trading volume of $37k.

If you’re looking to take a bet on ClassicDoge and their development team, you can purchase XDOGE on PancakeSwap.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

Also Read:

Top 5 Most Popular Metaverse Crypto Coins Built on Polygon (January 2022)

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

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Tags Metaverse

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Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationYou Can Use Bitcoin ($BTC) and Ethereum ($ETH) to Buy a Super Rare Black Diamond That May Be From Outer Space22 Jan 2022$ADA: Hoskinson Celebrates Launch of ‘Sweetest’ Cardano-Powered DEX21 Jan 2022Charles Schwab CEO: ‘Crypto Is Hard To Ignore’21 Jan 2022MicroStrategy CEO Michael Saylor Explains Why Bitcoin Is Both a Blessing and a Curse21 Jan 2022Invesco Analyst Predicts Bitcoin Tumbling Below $30K as Warning Signs Mount21 Jan 2022If $10K Worth of Free Bitcoin Sounds Interesting, U.S. State of Arkansas Might Want To Talk to You20 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationYou Can Use Bitcoin ($BTC) and Ethereum ($ETH) to Buy a Super Rare Black Diamond That May Be From Outer Space22 Jan 2022$ADA: Hoskinson Celebrates Launch of ‘Sweetest’ Cardano-Powered DEX21 Jan 2022Charles Schwab CEO: ‘Crypto Is Hard To Ignore’21 Jan 2022MicroStrategy CEO Michael Saylor Explains Why Bitcoin Is Both a Blessing and a Curse21 Jan 2022Invesco Analyst Predicts Bitcoin Tumbling Below $30K as Warning Signs Mount21 Jan 2022If $10K Worth of Free Bitcoin Sounds Interesting, U.S. State of Arkansas Might Want To Talk to You20 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationMicroStrategy CEO Michael Saylor Explains Why Crypto Market Is Down23 Jan 2022Bitcoin Nouveau Riche Are Flocking to Puerto Rico for Big Tax Savings23 Jan 2022JPMorgan Exec on State of Crypto Market: ‘We Are Sitting in the ’Napster Age’23 Jan 2022Which Cryptos Will Survive a Bear Market?23 Jan 2022Coinbase and Mastercard Join Forces To Make Buying NFTs Much Easier22 Jan 2022Cash App Introduces Support for Bitcoin’s Lightning Network for US Based Customers22 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationBitcoin Nouveau Riche Are Flocking to Puerto Rico for Big Tax Savings23 Jan 2022JPMorgan Exec on State of Crypto Market: ‘We Are Sitting in the ’Napster Age’23 Jan 2022Which Cryptos Will Survive a Bear Market?23 Jan 2022Coinbase and Mastercard Join Forces To Make Buying NFTs Much Easier22 Jan 2022Cash App Introduces Support for Bitcoin’s Lightning Network for US Based Customers22 Jan 2022Former Fed Regulator Says Bitcoin Is ‘Absolutely a Tool for Social Justice’22 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationBitcoin Nouveau Riche Are Flocking to Puerto Rico for Big Tax Savings23 Jan 2022JPMorgan Exec on State of Crypto Market: ‘We Are Sitting in the ’Napster Age’23 Jan 2022Which Cryptos Will Survive a Bear Market?23 Jan 2022Coinbase and Mastercard Join Forces To Make Buying NFTs Much Easier22 Jan 2022Cash App Introduces Support for Bitcoin’s Lightning Network for US Based Customers22 Jan 2022Former Fed Regulator Says Bitcoin Is ‘Absolutely a Tool for Social Justice’22 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationBitcoin Nouveau Riche Are Flocking to Puerto Rico for Big Tax Savings23 Jan 2022JPMorgan Exec on State of Crypto Market: ‘We Are Sitting in the ’Napster Age’23 Jan 2022Which Cryptos Will Survive a Bear Market?23 Jan 2022Coinbase and Mastercard Join Forces To Make Buying NFTs Much Easier22 Jan 2022Cash App Introduces Support for Bitcoin’s Lightning Network for US Based Customers22 Jan 2022Former Fed Regulator Says Bitcoin Is ‘Absolutely a Tool for Social Justice’22 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Latest BitcoinEthereumAltcoinsBasic Attention TokenBlockchainBusinessCrypto SecurityDeFiICOIEOPress ReleasesRegulationBitcoin Nouveau Riche Are Flocking to Puerto Rico for Big Tax Savings23 Jan 2022JPMorgan Exec on State of Crypto Market: ‘We Are Sitting in the ’Napster Age’23 Jan 2022Which Cryptos Will Survive a Bear Market?23 Jan 2022Coinbase and Mastercard Join Forces To Make Buying NFTs Much Easier22 Jan 2022Cash App Introduces Support for Bitcoin’s Lightning Network for US Based Customers22 Jan 2022Former Fed Regulator Says Bitcoin Is ‘Absolutely a Tool for Social Justice’22 Jan 2022Charts Bitcoin PriceEthereum PriceCardano PriceEOS PriceLitecoin PriceNEO PriceRipple PriceTron PriceStrategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away4 Jan 2021Crypto Trader Tyler Swope: Don’t Miss on These Two Small-Cap Altcoins23 Nov 2020Key Bitcoin Miner Metric Points to Potential Price Dip Ahead11 Nov 2020Abra’s CEO Calls Cash ‘Worthless,’ Holds 50% of Portfolio in Bitcoin27 Oct 2020Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says23 Oct 2020Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating12 Oct 2020Markets Crypto RoundupExchangesWeekly RoundupFounders of Crypto Exchange BitMEX to Acquire German Bank Formed in 175419 Jan 2022Shiba Inu ($SHIB) Lands in Mexico12 Jan 2022Bitcoin Options Volumes Rose 20% in December as Crypto Prices and Futures Volumes Plunged7 Jan 2022FTX CEO Outlines Biggest Challenges Facing Crypto Industry1 Jan 2022$ELON Surges 37% As Two Major Exchanges Welcome Dogecoin Competitor ‘Dogelon Mars’24 Dec 2021$SHIB and $GALA Are Coming to One of the World’s Longest Running Crypto Exchanges9 Dec 2021Opinion CryptoTwitter BlogOp-EdWhere’s my Money?PwC Hong Kong Buys Land in Ethereum-Powered Metaverse ‘The Sandbox’ ($SAND)25 Dec 2021Britcoin: a Booster for the UK’s Economy?17 Oct 2021Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines10 Nov 2020Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?8 Nov 2020U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?5 Nov 2020Why a Bitcoin Breakout Within the Next Few Weeks Is Looking Increasingly Likely1 Oct 2020Research ‘Ether Beats Bitcoin as a Store of Value,’ Says Goldman Sachs Global Macro Research29 May 2021Highlights From CryptoCompare’s Crypto Exchange Review Report for April 20216 May 2021A Few Highlights From CryptoCompare’s Crypto Exchange Review Report for March 20218 Apr 2021Analytics Firm Santiment Seeing ‘Very Bullish’ Activity Around These 5 Altcoins8 Apr 2021Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase25 Mar 2021Bank of America: It Takes As Little as $93 Million To Move Bitcoin Price by 1%22 Mar 2021

Tron's native coin is called Tronix (TRX)

Cryptocurrency has offered a diverse set of options for investors. From Bitcoin to Ethereum, there are many crypto coins to choose from and they carry both benefits and shortcomings. Improvement is the new buzzword in the crypto industry and many new platforms are being built or modified to maximise the appeal of these virtual coins.

Tron is one of the latest coins that promise to minimise the expense incurred by investors to start trading in it. Developed in 2017 by tech entrepreneur Justin Sun, Tron is a blockchain-based decentralised digital platform and its native coin is called Tronix (TRX). Tron is aimed at democratising the content distribution industry through permissionless protocols.

Tron And Smart Contracts

Allowing smart contracts, Tron helps developers build and deploy decentralised applications (dApps) that can be designed for practically any purpose — including online games, decentralised exchanges, yield farms and open lending platforms. Tron's fundamental goal is to give people access to content that isn't restricted by geography, censorship, or limits. Users of the network use TRX to pay the content creators to access their applications without needing any corporate middlemen such as Amazon or Netflix. Simply put, it means those who own Tron will have absolute control over the data they create, including how it is distributed to the audience. Users can store their crypto assets on a desktop, mobile phone, or hardware wallet.

Tron Foundation

Tron, which had more than 50 million accounts as of August this year, includes a number of features that help achieve this goal. Backed by the Tron Foundation — a Singapore-based non-profit that assists with the development of the ecosystem, Tron has now become one of the top 20 cryptocurrencies by market capitalisation and briefly also held a place among the top 10. Tron offers zero transaction fees.

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How Can It Be Bought In India?

Tron coins can be bought in India from any of the major exchanges – such as WazirX, Zebpay, CoinSwitch Kuber, CoinDCX.

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What You Need to Know about TRON in 2022ACN Newswire   January 21, 2022 1:09am  CommentsShare: SINGAPORE, Jan 21, 2022 - (ACN Newswire) - 2021 was a huge year for the cryptocurrency market, with huge strides in growth and adoption of digital assets, NFTs, and blockchain worldwide. It was also an incredible year for Moonstake as we rose to the top rankings of global staking providers, reaching a total staking assets of $1.8 billion thanks to the support of our users and partners worldwide. As we begin the new year 2022, Moonstake as well as our strategic coin partners have many exciting news and programs in store for you as our platforms scale and evolve. To welcome our user community into the exciting new year, we're creating a series of articles in collaboration with our strategic partner on what you need to know about our partner coins in the year 2022, this time with TRON. As of October 2021, Moonstake has been supporting TRON staking as an official Super Partner of TRON network via strategic partnership with the TRON Foundation. Since then, Moonstake has hosted numerous campaigns and initiatives that promoted awareness and adoption of TRON staking such as webinars, staking tournaments, quizzes, and giveaways. In 2021, the TRON Network underwent major changes and accomplished many historic milestones. In December, TRON achieved full decentralization, now being run by 27 Super Representatives from the community. In September, TRON joined Bitcoin and Ethereum with its successful listing of VanEck TRX ETP (VTRX) on the Deutsche Boerse and Euronext (Amsterdam and Paris), providing investor access in 14 European markets. By the end of the year, the total number of accounts on the TRON network exceeded 69 million and the total number of transactions was more than 2.7 billion. In this article, we will be interviewing our partner at TRON about what is in store for the TRON ecosystem and its user community in 2022. Q1 Which 2021 achievements are you the most proud of? 2021 is a vintage year for TRON. The main achievements include: TRON boasts the largest circulating supply of stablecoins across the globe, overtaking ERC-20 USDT in April and accounting for more than 50% of the global market. TRX's daily burning first exceeded daily increase in January, making it one of the first deflating digital currencies in the world, and it has been in deflation since the end of October. TRX has been accepted by JVCEA as authorized crypto assets in Japan since March, joining some 20 cryptocurrencies listed in Japan. TRON has been supported by global institutions. In September, the global leading asset manager VanEck listed its TRX ETP on the Deutsche Borse Xetra and Euronext (Amsterdam and Paris), and the US-based crypto investment fund Valkyrie launched TRX trust. Q2 What measures are you going to take in 2022 to further increase adoption of TRON? As a DAO, which is fully digitalized and able to scale globally, TRON will speed up its global expansion towards the mission of delivering the Global Human Settlement Layer of the future. Q3 What can users expect from TRON in 2022? As a purely community-governed DAO, TRON allows users to participate in governance and decision-making in a fairer, freer and more flexible fashion. Users will enjoy the full range of rights to engage in and decide the future of the TRON Protocol, while the voice and needs of the community will be heeded as much as possible. Besides, as the most inclusive blockchain network in the world, TRON will continue to provide users low-cost and high-speed decentralized services, including stablecoins, wallets, storage, exchanges, lending, liquidity mining, cross-chain applications, Oracle, social media, games, etc. Moonstake is proud to be strategic partners of TRON. We will continue to maintain strong support for the ever growing and developing TRON ecosystem and hope to bring even more great value to TRON and crypto users worldwide in 2022 to help accelerate adoption of the TRON and Moonstake ecosystems together. About Moonstake As a world-leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users. Our full-scale staking business started in August 2020. With the support of users all over the world, our total staking assets has risen to 1.8 billion dollars. In June 2021, we ranked third among 15,000 staking providers globally. So far, we have expanded our business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo which is a constituent organization of Cardano, TRON, and NEO. In May 2021, we became a wholly owned subsidiary of the listed company "OIO Holdings Limited" on the Singapore Stock Exchange and we are working to further expand Moonstake's business and improve our credibility. https://www.moonstake.io/ About TRON TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON network has gained incredible traction in recent years, with over 69 million users on the blockchain and upwards of 2.7 billion transactions. In addition, TRON hosts the largest circulating supply of stablecoins across the globe, overtaking USDT on Ethereum in April 2021. The TRON network completed full decentralization in Dec 2021 and is now a purely community-governed DAO. Source: Moonstake Copyright 2022 ACN Newswire. All rights reserved. View Comments and Join the Discussion! 

With Bitcoin closing in above all its 4-hour EMA ribbons, altcoins like Solana, Tron, and Stellar fought the bears with all their might. Their near-term technicals depicted the increasing buying momentum as they reclaimed their lost support levels.

Solana (SOL)

Source: TradingView, SOL/USD

The 5 January sell-off fueled SOL’s already existing bearish tendencies since late December as the alt saw a descending triangle (white) breakout.

While the buyers failed to step in, the alt saw an over 23% retracement (from 5 January) until it poked its 15-week low on 10 January.

The alt fell below its 61.8%, 78.6%, Fibonacci support and tested the $132-mark multiple times. The 16% rise over the past three days led SOL to cross all its EMA ribbons and test the 55-EMA (red) as its immediate support. As the gap between the ribbons lessened, the buying influence heightened.

At press time, the alt traded at $151.9125. The RSI witnessed mounting gains after a bullish divergence with the price. Also, the DMI showed a bullish preference while the ADX was on a downtrend.

Tron (TRX)

Source: TradingView, TRON/USDT

The buyers failed to step in as TRX withdrew by nearly 20.82% (from 5 January) and poked its five-month low on 10 January.

The king coins recovery made way for TRX to initiate an 11.7% descending broadening wedge (white) breakout. With this jump, the alt found a close above its 20-50 SMA.

Now, the immediate resistance stood at the $0.06967-mark after the bulls reclaimed the $0.0669-level support.

At press time, TRX traded at $0.06805. The RSI finally broke out midline hurdle and tested the 59-mark resistance twice over the last day. Although the DMI slightly skewed in favor of bulls, the Volume Oscillator rather suggested a weak bullish move.

Stellar (XLM)

Source: TradingView, XLM/USDT

Since the up-channel (white) breakdown on 3 December, XLM lost nearly one-third of its value but ensured the 24-week support at the $0.2464-level. Consequently, it rose in a rising wedge (white) to find test the $0.3022-mark resistance.

Then, the broader sell-off invalidated the bullish cup and handle pattern as XLM withdrew in a down-channel (yellow). As a result, it touched its five-week low on 10 January. 

After again testing the $0.2464-mark, the alt broke out of the pattern after an over 21% ROI in just three days. Thus, also ensuring that the 61.8% support is intact. 

Now, the $0.2932-level would be a point where sellers will have to step in to prevent a sustained breakout. At press time, XLM traded above its 20-50-200 SMA at $0.28986. The RSI was near the overbought region and undeniably chose the bulls. 

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WINkLink, the first comprehensive oracle of Tron, enables reliable data feeds for smart contract execution

Representative image - Pixabay Bitcoin and CryptoMarket WatchWednesday, January 12, 2022 - 19:34 Team GiottusFollow @giottus

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Being an excellent storage system, blockchain provides superior bets over traditional cloud storage or centralized storage system, including encryption, traceability, verifiability, and immutability to applications and platforms operating on it. But the tech suffers from a drawback, i.e., its incapability to access real-world information or even check its authenticity or credibility. One may add false or tampered info to the distributed database, and the nodes would never know. Today we analyse WINkLink – a platform that works on this handicap by using smart contracts to connect the blockchain to real-world data to ensure data reliability via a decentralized mechanism.

WINkLink: Introduction and Purpose

WINkLink is the first comprehensive oracle built on the Tron blockchain. By tapping into data, events, payment systems, etc., from the real-world sources, including those of banks, weather, and the internet, it provides the blockchain with reliable data feeds for enabling smart contract execution.

WINkLink became the first comprehensive Tron oracle after the WINk team executed the acquisition of justlink.io in April 2021.

WINkLink serves several functionalities, including:

WINkLink’s embedded price oracle system provides Defi app developers with reliable and stable price feeds.

The oracle also allows developers to utilize real-world data such as sports and weather to create customized oracles and connect smart contracts to the real world.

WINkLink’s smart contracts are faster, more stable, and secure. They can access any data easily, thus nurturing a trusted data ecosystem in various industries while providing better services to developers and users.    

Users can participate in the WINkLink ecosystem either by deploying its smart contracts or by integrating its pricing feeds to solve various use cases, including financial derivatives, lending and asset management.

WIN Token: Fundamentals

WIN is a TRC-20 token running on the Tron network. It is the native utility token of the WINkLink system and are used to reward nodes that provide reliable data as well as for payment from developers who use the data.

Every WIN token holder has governance rights on the platform. The token has a circulating supply of over 961 billion and has a maximum supply of 999 billion. It is currently ranked at #154 on the cryptocurrency charts.

Short Term Technical Analysis

WIN token is currently priced at $0.00039, up by 6% from the previous day. It has corrected more than 60% from its November high, dipping under pressure from a massive trendline which it is yet to break out of, and finding support at the $0.00034-00035 range where it had previously bounced in 2021.

Source: TradingView, Binance

If the resistance trendline is overcome, however, it will still need to contend with resistances at $0.00052 and $0.00063.

Future Potential

WIN token has been witnessing a downtrend but has its future tied strongly to the adoption of the Tron network as its leading oracle provider. Oracles have a great future in general given how they solve a major shortcoming of blockchain technology. Chainlink, which is the oracle of Ethereum, has been a top 20 cryptocurrency all through 2021. WINkLink can follow some of its trajectory provided the Tron network continues to be sought after.

Disclaimer:This article was authored by Giottus Cryptocurrency Exchange as a part of a paid partnership with The News Minute. Crypto-asset or cryptocurrency investments are subject to market risks such as volatility and have no guaranteed returns. Please do your own research before investing and seek independent legal/financial advice if you are unsure about the investments.

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It may be early to assert a solid trend reversal until the bulls claw back to reclaim their lost supports. They still needed to infuse funds on increased volumes to bolster a promising rally.

MANA formed an ascending triangle but could not back it up with an increased OBV. On the other hand, SAND and Axie Infinity seemed to slow down their recovery as they entered into a low volatility phase.

Decentraland (MANA)

Source: TradingView, MANA/USDT

On its 4-hour chart, the alt saw a breakdown from the down-channel (yellow) after testing the Point of Control (red). Thus, it steeply plunged until the $2.7-mark two-month support in a down-channel (white).

Then, after poking its five-week low on 10 January, the alt marked higher troughs while maintaining the $3.02-mark peak. Hence, forming an ascending triangle on its 4-hour chart. Now, the immediate testing grounds stood at the lower trendline (white).

At press time, MANA traded at $2.9459. The RSI tested the 60-mark once again before a sharp dip below the midline. At the time of writing, it skewed towards neutrality. Besides, the OBV did not mark a corresponding spike, hinting at a weak revival attempt. Also, the Squeeze Momentum indicated a low volatility phase in the near term.

The Sandbox (SAND)

Source: TradingView, SAND/USDT

SAND bulls could not defend the $6.03-mark as support after the alt saw an expected rising wedge (green) breakout on its 4-hour chart. It saw a 39.64% retracement (from 26 December high) until it poked its six-week low on 10 January.

During the recovery phase, the 22.8% jump (from 10 January) halted at the $5.17-mark. Any further pullout would find support near the $4.44-mark. The 20-SMA (red) acted as an excellent resistance for the past day as the bulls struggled to counter it.

At press time, the alt traded at $4.7935. The RSI was at the 46-mark and stood weak near the equilibrium for the past three days. It displayed a slight bearish bias. While the DMI hinted at a bearish preference, the ADX displayed a weak directional trend for SAND.

Axie Infinity (AXS)

Source: TradingView, AXS/USD

The Ethereum-powered gaming crypto noted a 6.53% gain on its charts in the last 24 hours. Since striking its ATH on 6 November, AXS steadily declined as it lost $121.1 and the $161.5-mark range. 

The 5 January sell-off led AXS to lose its three-month support (now resistance) at $79.4-level. With the recent down-channel (white) breakout, the alt reclaimed 23.3% of its value from (from 10 January) and jumped above its 20-50 SMA.

At press time, AXS traded 51.7% below its ATH at $79.33. The RSI saw a solid upturn but took a dip from the overbought region and showed slowing signs. Also, the DMI lines exhibited an inclination for buyers, but the ADX was weak. This reading indicated a substantially weak directional trend for the alt.  

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Over the past 24 hours, TRON’s (CRYPTO: TRX) price rose 3.38% to $0.07. This continues its positive trend over the past week where it has experienced a 4.0% gain, moving from $0.07 to its current price. As it stands right now, the coin’s all-time high is $0.23.

The chart below compares the price movement and volatility for TRON over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 16.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.01%. This brings the circulating supply to 101.82 billion. According to our data, the current market cap ranking for TRX is #26 at 7.34 billion.

Where Can You Buy TRON?

If you are interested in purchasing TRON and want to know the best cryptocurrency exchanges, follow this link to Benzinga Money.

Do you want to learn more about trading and be able to analyze your own portfolio of stocks or cryptocurrencies? Consider signing up for Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy. You can follow the link here to visit.

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CryptocurrencyMarketsMoversTrading IdeasLicenseRelated Articles Want To Buy Crypto? Check Out The Top Movers For Today According to Benzinga Pro, the following are the crypto gainers and losers at the time of publication: read more ECOMI, Zcash Among Top Crypto Movers In 24H According to Benzinga Pro, the following are the crypto gainers and losers at the time of publication: read more Want To Buy Crypto? Check Out The Top Movers For Today After pulling data from Benzinga Pro the following is the list of top crypto gainers and losers at the time of publication: read more Cryptocurrency TRON Down More Than 3% Within 24 hours TRON's (CRYPTO: TRX) price has decreased 3.72% over the past 24 hours to $0.08, continuing its downward trend over the past week of -8.0%, moving from $0.08 to its current price. read more

Ethereum’s two-day recovery made way for Tron’s jump from its immediate demand zone. Further, Terra formed a reversal pattern on its 4-hour chart after displaying a slight bullish edge. Meanwhile, Binance Coin was rangebound and flashed low volatility signs.

But all the above cryptos struggled to gather more volumes to commit to a convincing trend.

TradingView, BNB/USDT

BNB persistently marked lower peaks after poking its six-month high on 7 November. The bulls, however,  ensured the crucial 512-mark for over nine weeks now. Since 11 December, the alt has found an oscillating range between $569 and the aforementioned mark.

The visible range indicated this area as highly liquid for over 11 weeks now. Also, its Point of control at $527.9 acted as immediate resistance as the bulls tested this level four times over the past five days. Accordingly, the Squeeze Momentum Indicator flashed black dots, indicating a low volatility phase.

At press time, BNB traded above its 20 SMA (cyan) at $526.5. The RSI saw a 17 point surge over the past two days, displaying a decent recovery. Although the DMI slightly preferred the bears, the ADX flashed a weak directional trend.

TradingView, LUNA/USDT

LUNA saw a staggering 99.96% up-channel rally (from 14 December low) until it touched its ATH. After retesting the $100-mark four times, it poked its lifetime milestone on 27 December. Then, after a 22.07% retracement, the alt reclaimed the 23.6% lost Fibonacci support. 

Meanwhile, LUNA formed a rising wedge (green) on its 4-hour chart. Also, the bulls flipped the 20-SMA (cyan) resistance to immediate support. LUNA bulls now endeavored to test the upper trendline of the wedge. On the flipside, Any break-down would find testing support at the 23.6% Fibonacci level.

At press time, LUNA traded 10.9% below its ATH at $92.11. The RSI wavered around the 58-mark after constantly marking higher troughs and peaks. However, the Volume Oscillator marked lower highs during the recent rise, indicating a weak bullish move.

TradingView, TRX/USDT

The down-channel (white) breakout transposed into a falling wedge (yellow) while the alt yet again found 23.6% Fibonacci resistance as a strong barrier.

With 14 green candles out of the total of nearly 22 candlesticks (from 20 to 24 December), Tron witnessed a V-shaped recovery (green). But this rally found strong resistance at the $0.082-mark as the bulls retested this level twice but succumbed to a broader sell-off. Meanwhile, the Bitcoin fear and greed index plunged towards the ‘fear’ zone.

The alt saw a 6.66% recovery in the past two days as the price bounced from its demand zone. However, the Volume Oscillator marked lower peaks, hinting at a weak bullish move.

At the time of writing, TRX traded at $0.077. The RSI managed to break above the 44-mark but showed neutral signs. The ADX displayed a weak directional trend for TRX.

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TRON (TRX) gets a neutral rating from InvestorsObserver Saturday. The crypto is down 4.42% to $0.0653414307 while the broader crypto market is down 2.88%. TRON has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on TRON!See Full ReportNeutralOver the last five days, TRON has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of TRON over the past five days by volume and price movement. The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.Price LevelsTRON is currently trading near its five-day low of $0.0648142058083595. The crypto is 16.55% off its five-day high and is 0.81% higher than its five-day low of $0.0648142058083595. TRON price is currently below support. With support set around $0.0665971387813275 and resistance at $0.0706511412451451, TRON is potentially in volatile territory as selling pushes the crypto's price below recent support. TRON has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.What is a coin?A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes. Due to a lack of data, this crypto may be less suitable for some investors. Click here to unlock the rest of the report on TRON

The fear sentiment heightened as Bitcoin re-enters the $47,000 zone. As a result, altcoins like Binance Coin, Tron and EOS saw a blip in their recovery. 

The aforestated cryptos fell below their 20-50-200 SMA, as the bears evidently displayed their edge. 

Binance Coin (BNB)

Source: TradingView, BNB/USDT

Over the past few days, BNB formed a symmetrical broadening wedge (green) on its 4-hour chart. The previous up-rally saw a steep reversal after the coin poked its two-week high on 27 December near the $569-mark resistance. 

After a nearly 6% retracement in the last two days, BNB fell below $550 to find testing grounds at the $532-mark. This level also coincided with the lower trendline (green).

At press time, BNB traded below its 20-50-200 SMA at $537.5. The RSI stood at the 43-mark but showed some revival signs. The DMI resonated with the bears, but the ADX displayed a weak directional trend for the altcoin.

Tron (TRX)

Source: TradingView, TRX/USDT

TRX witnessed a symmetrical triangle breakdown on 17 December while the fear sentiment surged. Since then, the alt steadily marked lower lows and lower highs until 23 December after oscillating in a down-channel (yellow). 

After losing the crucial $0.078-level (four-month support), the bulls quickly reclaimed this mark but failed to cross the $0.082-level. They retested this level twice but succumbed to a broader sell-off. As a result, TRX saw a pullout, but the $0.078 still stood as good support.

Now, the Supertrend finally flipped into the red zone. At press time, TRX traded at $0.07857. The RSI constantly marked lower lows and struggled to sustain itself above the midline. The DMI flashed a bearish bais while the ADX swayed into the weak directional trend zone.

EOS

TradingView, EOS/USDT

EOS saw a symmetrical triangle breakout over the last nine days. The bears retested the $3.09-level multiple times, but the bulls held their ground. Although they propelled an over 12% rally (from 20 December low) and breached the $3.4-mark, EOS saw a pullback from the 200 SMA (cyan). 

The alt yet again found an oscillating range between $3.4 and $3.09 over the last 20 days. Now, the Squeeze momentum indicator flashed grey dots and hinted at a high volatility phase. 

At press time, EOS was trading at $0.0. The RSI was near the oversold region after showing some comeback signs. Also, the Awesome Oscillator visibly depicted an increased selling influence. 

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Yash Majithia

With a background in financial reporting, Yash is a full-time journalist at AMBCrypto. He has a keen interest in blockchain technology, with a primary focus on technical analysis of cryptocurrencies.

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