Tron [TRX] & VeChain Thor [VEN] [VET] – The total cryptocurrency market has fallen below the $300 billion mark again – hitting a year-low reached back on April 1st. However, this time last year, the entire market cap was just over $100 billion. Will it drop below $200 billion again? We shall see.
At press time, Bitcoin (BTC) is trading at $6,748.79 a coin, down –4.45%, in 24 hours. Ethereum is trading at $473.70 a coin, down -10.03% and Ripple (XRP) is trading at $0.531 a coin, down -8.54%, in 24 hours.
Let’s take a look at two altcoins on the market that have taken a large price hit today, despite steady progress made on their projects.
Tron [TRX]
Tron has been making steady progress since its main net launch at the end of May. However, its price has yet to reflect the progress the Tron Foundation has made. The TRX ERC20 token migration is set for next week on the 21st and will end on the 25th.
Source: CoinMarketCap[1]
At press time, TRX is trading at $0.0405 a coin, down -12.32%, in 24 hours time. For the week, TRX is down -32.1%, and for the month, the coin is down -45.78%.
VeChain Thor [VEN] [VET]
VeChain Thor just launched their test net last week. The VeChain Foundation announced its rebranding back in late-February, but the new whitepaper and development plan of VeChain Thor was published in late-May.
Unveiling our “Development Plan and Whitepaper” with an updated governance structure, economic model, and new use cases. This piece will gradually be updated throughout
