Tron TRX is a decentralized and blockchain based cryptocurrency which is one of the major cryptos in the market right now. It had established its own Blockchain only recently in June 2018 and has celebrated that day as TRON Independence Day. But, Tron isn’t known only for only celebrating major but many minor ones. Justin Sun, the CEO of Tron is known for blowing things out of proportion many times. Let us see what have they done this time.
Justin Sun – A Background Of The Hype Master
Justin Sun, the CEO of Tron trolled many times to overhype things that he has done for Tron TRX. Once, Justin Sun gladly announced that Tron will use Baidu.net, the primary Chinese search engine for transactions and told that partnering Baidu is a great prospect for them. One user in a hilarious response on Twitter told that using something isn’t partnering with them. He told that buying a Tesla isn’t partnering with them.
Whether it has been good like the above example or bad things like being openly local about getting exposed on having fake followers on Twitter and having plagiarized software from Filecoin, Justin Sun has sure been vocal about everything.
Hype The Reason Behind The Rise
Justin Sun had made an announcement of saying something major about Tron after June 1. What was it and was it major or not doesn’t matter, it sure has flocked investors due to it. Over the past weekend, growth has been 28% and the price has smashed the barriers and gone over $0.041. This has been 10 months best figures and market cap has grown as well. From just touching $2 billion this month to going over $2.7 billion it sure has gained its fair share due to hype.
But, since then it has gone down by 8% from the highs in a matter of hours as investors realize it was probably just a snob tactic by the CEO again. Whether there was an announcement or not, they would need three or four such major hype trains and tomfoolery by the investors to reach a dollar worth.