Tron (TRX), Litecoin (LTC) & VeChain Thor (VET) (VEN) Updates

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The cryptocurrency market is down today sitting at just under $450 billion, as we start out Tuesday.

Tron (TRX)

Tron (TRX)

Source: CoinMarketCap

Tron (TRX) spiked in price on Friday, as three big announcements dripped out to the crypto community. TRX got listed on the major exchanges Bittrex and Upbit, which caused the price to spike nearly 25% but has since fizzled off. On Thursday of last week, the main net release date was announced to be advanced to May 31st. This is big news for TRX hodlers as many investors have been anxiously awaiting a functioning Tron Network, even if its just the test network.

Despite its down trending price, the Tron Foundation is still making moves. Just 12 hours ago, Justin Sun announced that TRX would be traded on another major exchange CEX. I doubt this will make an impact on its price, as most of the market is suffering and it isn’t a big enough announcement to give investors fomo”.

At press time, TRX is trading at $0.044 a coin, down -6.83%, in 24 hours.

>> Tron Jumps 25%

Litecoin (LTC)

Litecoin has been on the downward drop since its first announcement of LitePay back in mid-February.

Tron (TRX)

Source: CoinMarketCap

The price of Litecoin may be on a slow downward trend from its high on February 20th, many believe the coin is a long-term hold based on its utility. Many investors and LTC enthusiasts don’t believe LTC will hit $300 anytime soon, but they do anticipate a slow climb towards the end of the year. As more and more merchants accept Litpay, the price of the coin should continue to climb.

Litecoin’s founder Charlie Lee tweeted yesterday that LTC has now been listed on CoinTelegraph’s price index, the latest news to break.

At press time, LTC is trading at $198.92 a coin, down -6.26%, in 24 hours.

>> Litecoin Cash

VeChain Thor (VET)

Last Monday, VeChain (VEN) rebranded to VeChain Thor (VET). The coin has yet to make its way to any major exchanges yet, or transition to major price index’s such as CoinMarketCap. Still, there have been some new developments since the launch.

VEN is the only coin (in the 20 top cryptocurrencies) that is seeing any gains on the market today. Three hours ago via Medium, the VeChain Foundation released a post stating that 50 million VET will be pledged towards creating an X series node program. This announcement outlines a comprehensive Node series program and the deadline for the X Series node will be March 20th, 2018.

Tron (TRX)

Source: Medium

To receive rewards from this new rewards pool, one must run a new X node. However, the current VeChain node system is still intact. If you’d like to learn more about the program, click here.

This new announcement and advancement should continue to drive the price of the coin up. At press time, VEN is trading at $4.76 a coin, up 2.13%, in 24 hours.

>> VeChain Thor Rebrands

Featured Image: Medium

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