Price Analysis of Tron, EOS, Litecoin, and IOTA

By all account, altcoin traders have been in charge this week. IOTA, Tron, and EOS are some of the digital currencies that experienced double-figure erosion. But encouragingly for investors, there appears to be a rebound. Yesterday, Tron, EOS, Litecoin, and Stellar Lumens were trading at a very tight range irrespective of high trading volumes.

EOS Analysis

Free usage, free web wallet, fast transactions, and encrypted messaging running on blockchain is what EOS wants to offer its users immediately they launch. The EOSChat (a decentralized app) is a combination of brains from the community of EOS.

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While people were confident that value of EOS will increase, sellers overcame demand pushing the value lower. Despite the high trading volumes, the digital currency is down by 2% in the last twenty-four hours.

Tron Analysis

One amazing thing about Tron is that the Tron community keeps getting update regularly. The latest development includes the announcement of Tron Scan. The Tron Foundation said in a tweet that the newly created explorer would let users keep track of whatever is happening to their super reps, vote, and search within the ecosystem. This has led to an increase in adoption, and a lot of startups are working tirelessly to make sure the EOS decentralized app ecosystem is up and running prior to the launch.

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Litecoin Analysis

Have you heard of Toshi? – A Coinbase application that a lot of users believe was lacking something. The app is somehow deficient since it is specialized mainly on Ethereum. Nevertheless, with the announcement that Litecoin will join the fray, things are beginning to fall into place. These developments and trends could help to increase the value of the coin.

IOTA Analysis

Based on its chart, it is obvious that IOTA is within a range of $2, anchored between a lower limit of $1 and an upper limit of $3. The digital currency is currently trading at $1.72 after a decrease of 1.7 percent in the last twenty-four hours.

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