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TronWallet Adds Swap Pairs With Matic (MATIC), PundiX (NPXS), Kyber Network (KNC) and Crypto.com (MCO): Details

News
Fri, 05/29/2020 - 19:19
Vladislav Sopov
TronWallet, a secure peer-to-peer cryptocurrency wallet and exchange for TRX, BTC and ETH has added a couple of popular altcoins to its seamless Swap mechanism
TronWallet Adds Swap Pairs With Matic (MATIC), PundiX (NPXS), Kyber Network (KNC) and Crypto.com (MCO): Details
Cover image via stock.adobe.com
Contents

TronWallet, a decentralized multi-currency wallet designed for holding and exchanging crypto tokens, has added native coins of well-known cryptocurrency projects to its swap options.

Series of listings

Last week was particularly fruitful for TronWallet users in terms of new token listing announcements. On May 25th, the wallet team added Kyber Network Crystals (KNC) to its Swap feature. This token powers the Kyber Network, the most popular decentralized liquidity protocol.

Two days after the KNC Swaps release, the NPXS token, designed by PundiX Labs, enhanced the trading toolkit of TronWallet. Since the NPXS asset is widely used in retail cryptocurrency payments, this announcement, particularly, could bootstrap mainstream adoption of crypto.

Yesterday, MATIC, the core asset of the Matic Network, an Ethereum (ETH) Layer 2 scalability solution based on Plasma frameworks and Proof of Stake (PoS), also joined the ranks of TronWallet assets in the Swap tool.

Recently, the Matic Network team announced a long-awaited mainnet launch, so listing on TronWallet could significantly increase the liquidity influx for MATIC.

Lastly, MCO, the token of the Crypto.com exchange ecosystem was implemented into the seamless Swap mechanisms of TronWallet on May 29th. The Crypto.com platform provides pre-paid cards and other services aimed to assist customers buy and spend cryptocurrencies more easily in their daily life.

Automated swaps for best profit

Every token is available in Swap pairs to & from Bitcoin (BTC), Ethereum (ETH), Tron (TRX), the U.S. Dollar Tether (USDT) and TWX, the native token of the wallet.

Misha Lederman, the Director of Communications and Marketing at TronWallet.Me, explained to U.Today Crypto News, what makes TronWallet Swaps particularly lucrative for users:  

The TronWallet Swap itself is conducted by fully autonomous bots that are built in-house with proprietary technology, which continuously monitor for the best exchange rate and lowest prices for the user among top exchanges. The Swap is an innovative one-click solution that saves the user precious time, while keeping the tokens off exchanges and inside the wallet’s safe encrypted system, where the user has full ownership over their keys and their crypto

So simply put, a Swap is executed when the TronWallet system detects the best market conditions for a particular trade.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
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John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)