While the total cryptocurrency market is trading mostly in the red today, most of the top digital tokens are only seeing slight losses. For the past 30 days, the total cryptocurrency market has hovered around the $210 billion range. Today, we’re going to take a closer look at Tron (available on Binance) (TRX) and EOS.
Tron (available on Binance) (TRX)
Tron (available on Binance) is currently the 11th largest cryptocurrency by its total market cap and is sitting just under Monero (XMR). Two days ago, Tron (available on Binance)’s Founder Justin Sun announced that Odyssey 3.1 would be launched at 8 PM SGT that day.
Based on community consensus, #Tron (available on Binance) will be upgrading to Odyssey 3.1 at 8pm SGT. The Tron (available on Binance) Committee function & TVM will go live, marking the start of the Smart Contract Era. Tron (available on Binance) will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX
— Justin Sun (@justinsunTron (available on Binance)) October 8, 2018
Launching Odyssey 3.1 meant Tron (available on Binance)’s committee function and its Virtual Machine would also go live during this upgrade. Sun claims that after Odyssey 3.1, Tron (available on Binance) will be 200 times faster than Ethereum (available on Coinbase) and 100 times cheaper than EOS.
The Tron (available on Binance) Virtual Machine will allow developers to test smart contracts before they transfer over to the Tron (available on Binance) mainnet. On the 7th, TRX spiked nearly 17%.
At the time of writing, TRX is trading at $0.0254 a coin, down -3.89% in 24 hours. At its peak on Sunday, TRX was trading at $0.0280 a coin, meaning TRX is now down nearly -10% from its spiked price.
EOS
Block.one is currently in the midst of getting togETHer the final components of its EOS Hackathon. Last week, the company that founded EOS announced that its Grand Finale hackathon will be held in Cape Town, South Africa, on December 7th.
Are you ready for the #EOSHackathon Grand Finale? pic.twitter.com/rNRpoZC0gh
— Block.one (@EOS_io) October 2, 2018
So far, the other four hackathons have been held in Hong Kong, Sydney, London, and San Francisco.