Quite a few speculations have been flying around in the cryptoworld ahead fast-approaching June 1st events during which EOS and Tron (TRX) should be making supposedly major announcements. And while people speculate, the prices fluctuate.
The average price of EOS across exchanges is now at around USD 8, rising almost 7% in the past 24 hours (13:46 UTC) and more than 25% in the past week. Tron registered more than 6% gains earlier today before erasing most of it and is up by less than 1% in the past 24 hours. BitTorrent (BTT), which is controlled by Tron, also trimmed its previous gains today (more than 10%) to less than 6%. It’s still up by more than 35% in the past week.
EOS price chart:
Tron price chart:
BitTorrent price chart:
There are various theories about what EOS and Tron might be working on. With EOS, it is known that they will use a large portion of the network’s computing power for their new project, since Block.one, the company behind EOS, reportedly, bought USD 25 million of RAM space on the EOS blockchain. Other theories include: next version of dapp (decentralized application) Steem – Steem 2.0; a decentralized alternative to Facebook; a currency utilizing universal basic income for all who use it; or the combination of the above. However, Brendan Blumer, founder and CEO of Block.one, was quick to shoot many of the theories down.
We are excited about #B1June, but encourage everyone to be realistic in their expectations – there are some wild rumours out there which are just not true. Big news for some, may not be for others. No Facebook, Apple, or Google partnerships. No Airdrops. Stay calm, keep building.
— Brendan Blumer (@BrendanBlumer) May 28, 2019
With Tron, its founder Justin Sun posted on Sunday: “Something huge and amazing going about Tron and BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed!” People, however, accused him of using a marketing ploy to pump the value of TRX and BTT.
But then yesterday, Sun tweeted again, announcing the arrival of “the next generation of decentralized storage systems” – Bittorent File Systems (BTFS).
Welcome to the next generation of decentralized storage systems! #BTFS will be the largest decentralized P2P storage network with close to 100 million @BitTorrent user nodes, over 1000 #TRON full nodes, 27 SR nodes, and global #TronGrid nodes. 3 days left! Are you excited? pic.twitter.com/Gj3TzTM1Qg
— Justin Sun (@justinsuntron) May 27, 2019
Meanwhile, also this Saturday, Ethereum will be holding a livestream with the co-founder of Ethereum, Vitalik Buterin, and Vlad Zamfir, a researcher at the Ethereum Foundation and CasperLabs‘s lead consensus protocol architect. The two will have a discussion on their respective plans for the network’s future.
Twitter HELP ME!
June 1st I’m moderating a live streamed talk between @VitalikButerin & @VladZamfir to discuss onboarding the next billion people onto blockchain.
So,Twitter, what should we ask them?https://t.co/L4VXKdqTQ1 pic.twitter.com/rATkZaM3To
— Steven Nerayoff (@stevennerayoff) May 27, 2019
However, it looks like ETH investors this time are waiting until the real news are possibly announced during the livestream, as ether trades sideways today.