Bitcoin Cash (BCH) & Tron (TRX) – Most of the cryptocurrency market is in the green today, after slowly declining the whole month of May.
Presently, the total cryptocurrency market cap is just above $331 billion. Most coins have seen high volatility the past two weeks, but let’s take a closer look at Bitcoin Cash and Tron today.
Bitcoin Cash (BCH)
Bitcoin Cash made its split from Bitcoin (BTC) on August 1st of last year, and presently, it is the fourth largest cryptocurrency by market cap. The reason for the split was due to a group of developers not agreeing with the impending scaling solution for Bitcoin. Thus, Bitcoin Cash was born with larger block sizes to accommodate more transactions on its Bitcoin blockchain spin-off.
However, it seems Bitcoin Cash has yet to solve its own governance issue. On May 15th it held its own ‘hard fork’ and not all of its nodes followed suit.
— Ben Verret (@verretor) May 28, 2018
It may just be that they’re stuck, but that still remains unclear. Still, BCH has tumbled in price this month.
At press time, BCH is trading at $1,004.87 a coin, up 2.28%, in 24 hours. For the week, BCH is down –5.68%, and for the month, the coin is down –27.63%.
The Tron Team is gearing up for its main net launch set to launch in about 12 hours from now. You can catch all live coverage and movement on Tron’s YouTube channel here.
Justin Sun, the founder of Tron, just announced the latest exchange to join in on the token migration.
— Justin Sun (@justinsuntron) May 30, 2018
Now all the major exchanges that exchange TRX will be participating in the token swap, set for June 21st – 25th.
Surprisingly, TRX’s price has taken a dip, compared to the rest of the market.
At press time, TRX is trading at $0.0621 a coin, down -4.09%, in 24 hours. It remains unknown if the coin will ramp up within the next 12 hours, but in the crypto world, anything is possible.
Featured Image: Metro