Tron [TRX] & Cardano [ADA] – Both Tron and Cardano are having massive weeks this week, as updates to both crypto projects are being released to the public. Tron is just a day away from launching its main net and Cardano has just released Cardano V1.2.
The market is mostly in the green today, following an announcement that the South Korean government has proposed to lift its ban on initial coin offerings (ICOs).
Let’s see how TRX and ADA are doing on the market today.
The team behind Tron has been full steam ahead, since its test net launched at the end of March. The team has implemented a new Super Representatives Election to facilitate the governance of Tron, as well as getting all exchanges on board for the TRX token migration.
Many analysts predicted a ramp up in the price of TRX just before the main net launch, but that doesn’t seem to be the case. There have been a few Twitter marketing ‘pumps’ by Tron’s founder Justin Sun to boost the coin’s price, but none have worked like they did before.
At press time, TRX is trading at $0.0639 a coin, down -1.33%, in 24 hours. For the week, TRX is down -19.21% and for the month, the coin is down -25.17%. Year-to-date, TRX is up 43.27%.
The Cardano team has just released the update, Cardano V1.2, which has caused ADA to spike in price on the market today.
Cardano’s approach to its project is the complete opposite to that of the Tron Foundation. The Cardano project is founded upon peer-reviewed research and from the ground-up built code. No fancy marketing tactics or giveaway, but a clear transparent focus on the project and what it aims to do.
If you’d like to view the Cardano teams’ constantly updating roadmap, you can do so here.
At press time, ADA is trading at $0.200 a coin, up 9.91%, in 24 hours. For the week, ADA is down -15.96% and for the month, the coin is down -45.5%. Year-to-date, ADA is down -72.14%.
Disclaimer: I currently ‘hodl’ small amounts of TRX and ADA.
Featured Image: Aero