As we start out the fourth week of August, we see most of the cryptocurrency market fall. Bitcoin (available on Coinbase) (BTC) is trading just below $6,500 and Ethereum (available on Coinbase) (ETH) has once again dipped below $300. This weekend, the market took a slight rise and almost peaked over $225 billion, but has since been corrected.
Let’s take a look at EOS, Litecoin (available on Coinbase) (LTC), Tron (available on Binance) (TRX), and their latest project updates today.
Cryptocurrency Market Fall – EOS
For the third month in a row, EOS has been given the top rating spot on China’s national blockchain ratings. The CCID Research Institute in China gives out blockchain ratings once a month and EOS has been their top choice the past month and a half.
The top ten ratings are as follows:
EOS
Ethereum (available on Coinbase)
Komodo
Nebulas
NEO
Stellar
Lisk
GXChain
Steem
Bitcoin (available on Coinbase)
This weekend, EOS regained its spot as the fifth largest cryptocurrency, as Stellar briefly passed the cryptocurrency for a few days.
At press time, EOS is trading at $5.13 a coin, down -2.85% in 24 hours.
Cryptocurrency Market Fall – Litecoin (available on Coinbase) (LTC)
There hasn’t been any big news regarding Litecoin (available on Coinbase) lately. There have been no new partnerships or updates to the Litecoin (available on Coinbase) network.
The first Litecoin (available on Coinbase) Summit will be held in San Francisco mid-September.
Don’t miss out on cheap Litecoin (available on Coinbase) Summit tix!
Looking forward to see @starkness (⚡Labs), @eric_winer (Gemini), @billbarhydt (Abra), @derekcapo (TokenPay), @dieguito (RSK), @CoolBitXCEO, @ADAmDraper (BoostVC), @BigETHeword (Aliant), @TravelbyBit, @eiaine, @SkyCorridors & more! 😮 https://t.co/ihwLZERULj
— Charlie Lee [LTC⚡] (@SatoshiLite) August 18, 2018
Litecoin (available on Coinbase)’s founder, Charlie Lee, will be speaking at both days of the event and there will be a meet and greet after day 2.
Also, eToro published its own market research on Litecoin (available on Coinbase) recently. The research document summarized Litecoin (available on Coinbase)’s 2018 price drop by saying:
“Given that Litecoin (available on Coinbase) has an established and stable working product, as well as significant adoption, this bear market of the whole cryptocurrency industry could have lead to Litecoin (available on Coinbase) being oversold.”
Cryptocurrency Market Fall – Tron (available on Binance) (TRX)
Just recently, the Tron (available on Binance) Foundation made the official announcement that it had acquired BitTorrent and not all Tron (available on Binance) enthusiasts are thrilled. Even some BitTorrent investors weren’t happy with the acquisition either. However, what’s done is done.
Bram Cohen, the inventor of BitTorrent, has also officially stepped down from his role within the company fairly quietly but people have taken notice.
According to the Next Web:
“TorrentFreak reports that Bram Cohen has severed ties with BitTorrent Inc, the company that he founded in 2004, after inventing and launching his Torrent protocol three years earlier. There has been no official announcement from Tron (available on Binance) or the BitTorrent inventor on this development. TorrentFreak received an auto-response after trying to reach out to Cohen’s BitTorrent email, it became clear that the address was no longer active.”