The cryptocurrency market is quite volatile and very much unpredictable. However, the best crypto projects have a tendency to rise above the bear pressure in the market. It may take them longer, but more often than not, they get there. Bitcoin (BTC), for instance, dipped below $6,000 in June, but no one thought or was sure that it will recover to trade above $8,000 in July. Bitcoin has commenced August with fresh declines and is currently beckoning at $7,300. Sit back with a cup of coffee or a glass of cold red grape juice and join me as I explore two of the best coins to buy in the dip this August. As a reminder, do not take this information as financial advice but use it to make better-informed investment decisions.
Tron website describes the project as “one of the largest blockchain-based operating systems in the world.” It was founded by Justin Sun who is very much involved in the running of the Tron Foundation. He is also very active on Twitter and always has something for the community to talk and marvel about.
The network has achieved various milestones in 2018 including the launching of TRON Blockchain. This enabled Tron to earn its independence from Ethereum. The mainnet is live and working perfectly, in fact, most of the exchanges have completed TRX token migration from Ethereum blockchain to Tron blockchain. Tron blockchain requires 27 Super Representatives to operate the network’s nodes spread across the world. Consequently, the election is underway and progress is great so far.
On July, 31 Tron achieved one of its biggest milestones with the release of Tron Virtual Machine (TVM). Tron is now a fully-fledged decentralized blockchain network with the ability to support the development and execution of smart contracts and decentralized applications (dApps). With this, Tron is expected to be an equal competitor with Ethereum Virtual Machine (EVM) and EOS Virtual Machine. TVM has an edge over Ethereum because it does not require fees to test smart contracts and dApps.
Tron is a beehive of activities, and development news keeps streaming from the network. I cannot exhaust Tron’s developments in less than 300 words, but I can say this crypto has a future. Tron (TRX) is currently trading at $0.299. It has succumbed to bear pressure in the market, besides it is down 8.47% in the last 24 hours at the time of writing. It is ranked 11th with a market cap of $1.9 billion.
Metaverse ETP (ETP)
Metaverse ETP is said to be one of the most undervalued cryptocurrencies in the market. It is currently trading at $2.48 and has a market capitalization of $120 million. Metaverse ETP is ranked 68th in the market. It has a total coin supply of 56,002,860 ETP while 48,467,514 ETP tokens are in circulation according to CoinMarketCap’s data. Metaverse website describes the project as:
“An open-source public blockchain that aims to provide digital assets and digital identities. Through Blockchain-as-a-Service (BaaS), we make convenient, secure digital financial services accessible to all Internet applications at virtually no cost.”
The project was incepted in 2016, although it went live in February 2017. It aims at making a new ecosystem where the real world meets with digital assets using secure transactions utilizing a valued intermediary. It envisions a new financial system founded on the pillars of the blockchain technology and entirely transforming the way transactions are made.
Metaverse is constantly working on partnerships which will help it make its vision a reality by increasing the adoption of its blockchain solutions. Recently, the network entered into a partnership with Lexit. The two companies are supposed to work together on ways to tokenize intellectual property (IP). Furthermore, it is working with KICKICO and crypto investment bank CyberTrust among other strategic partnerships.
The network is running on its own mainnet launched in February 2017. Moreover, the team announced an upgrade on June 6. In addition to that, they have released the much awaited SuperNova full-node wallet. More information on this network’s development can be found on Twitter and its official Metaverse ETP website.