Cardano [ADA], NEO, Tron [TRX] Tumble – Project Updates

Cardano [ADA]

Its the start of the week and the entire cryptocurrency market is sitting just above the $300 billion. Bitcoin (BTC) is currently trading at just above $8,100 and Ethereum (ETH) has dropped below the $500 mark, trading at $484.01 a coin. There doesn’t seem to be a clear reason for the correction, as Friday saw a $50 billion spike. Still, there are currently three coins in the top 100 that are seeing some price gains today, with the gold-backed coin, DigixDAO, leading the group.

Cardano [ADA]

Cardano’s founder, Charles Hoskinson, has been presenting and attending meetings around the globe non-stop within the past few weeks. Cardano’s first update was launched just over a week ago, and news has just been released on when the next upgrade would be initiated.

Some may feel that progress of the Cardano project is “slow,”  but this just goes to show that they don’t really understand the foundation of Cardano. The Cardano team relies on peer-reviewed research and is academia backed. A top priority for the team is to have a fully functional release, without any sort of complications. New news is good news, but the true Cardano supporters know the coin is a long-term hold as the team has just begun scratching the surface on what they seek to build.

At press time, ADA is trading at $0.165 a coin, down -10.71%, in 24 hours. It remains the 6th largest cryptocurrency by market cap.

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NEO

There has yet to be any news from the NEO team, regarding new updates on its project. However, just yesterday it was announced that a cross-chain converter for the Trinity Token (TNC) will allow a seamless transaction onto the Ethereum blockchain. The TNC is an NEP-5 standard token and it is the most used on the NEO network. Currently, this conversion is being tested for reversibility and safety but it seems it may be available within two weeks.

While there hasn’t been any foundation news lately, it looks like a new crypto collectible game similar to CryptoKitties and Tron Dogs may be releasing on the NEO platform soon.

At press time, NEO is trading at $58.27 a coin, down -10.10%, in 24 hours. GAS is currently trading at $19.69 a coin, down -7.05%.

Tron [TRX]

Tron’s test net is just over 4 days away. The team announced it is adding more developers to its already well-stacked dev team, which is positive news for the progression of Tron. TRX’s price has seen an almost 75% increase in the ramp up to the test net launch day.

Also, word has spread that Tron will be expanding into Europe, as Binance has now expanded into Malta.

At press time, TRX is trading at $0.0411 a coin, down -13.91%, in 24 hours.

Featured Image: TreeHouse

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