The cryptocurrencies have made a strong comeback in the middle of the week, after recording the lows of 2018 a few days before. Investors have begun to sell off digital currencies after the Bitcoin miners decided to split the chain into two. After the fork, a real hash war began and investors were not happy. Investors began to buy back digital currencies when various cryptic news was made at the start of this week. Most currencies have been corrected by their earnings, but Litecoin (LTC), TRON (TRX) and ZCash (ZEC) are still in the green for the week.
Let's take a closer look at these coins and their latest updates.
At the time of printing, most of the 20 major cryptocurrencies are exchanged in red. LTC is currently trading at $ 32.07 per currency, down -6.05% in 24 hours. For the week, however, the seventh largest digital currency is up 0.16%. While this may not sound like much, most major digital currencies are seeing losses this week close to double-digit percentages.
The Litecoin Foundation and Charlie Lee, its founder, have not recently announced major changes to the Litecoin network. However, Lee has weighed on the war of the hash BCH.
The ABC vs SV fork is a good test of the real world of Nakamoto's consensus. Even if it's not perfect because if BCH dies, the miners can go back to the BTC draw. What happens when there is an ideological entity that has the means to attack 51% of a competing fork? We'll find out tomorrow! 🍿 https://t.co/HdX4sa9059
– Charlie Lee [LTC⚡] (@SatoshiLite) November 14, 2018
TRON, the twelfth largest cryptocurrency in the world, has increased by 4.98% this week. At the time of the press, TRX exchanged a coin for $ 0.0142, down -9.72% in 24 hours. The blockchain project is known for the juggling of many different dishes when it comes to the development of their project. Early this morning, the TRON team published its weekly dApp report.
– TRON Foundation (@Tronfoundation) November 30, 2018
Also, last week Justin Sun, the founder of TRON, announced that TRON had reached almost 2 million Tx a day.
– Justin Sun (@justinsuntron) 24 November 2018
This is definitely something that is worth celebrating.
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The nineteenth largest cryptocurrency in the world has just been added to a large US stock exchange. While it is currently trading red, the digital currency has increased by 4.22% for the week. At the time of the press, ZEC exchanged a currency, at -7.98%, in 24 hours at 79.38 dollars.
ZEC is about to be launched on Coinbase Pro. Starting at 10 am, customers can transfer ZEC to their Coinbase Pro account. Merchants can deposit ZECs, but can not place or fill orders. Order books will remain in transfer only mode for at least 12 hours. https://t.co/5nADybxqKk
– Coinbase Pro (@CoinbasePro) November 29, 2018
Important exchange in the United States Coinbase Pro has officially added digital privacy currency to its trading platform. It is not yet known why ZEC has been chosen compared to other major digital currencies, but its rise this week is undoubtedly mainly due to this announcement.
What do you think about Litecoin (LTC), TRON (TRX) and ZCash (ZEC) this week?
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