Tron CEO Justin Sun Makes another Big Bet Despite Failing in First

By Tabassum
Published August 4, 2019 Updated August 4, 2019
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Tron CEO Justin Sun Makes another Big Bet Despite Failing in First

Tron CEO Justin Sun Makes another Big Bet Despite Failing in First

By Tabassum
Published August 4, 2019 Updated August 4, 2019

Will Tron enter in the list of top 10 cryptocurrencies in the second half of 2019? Founder and CEO of Tron, Justin Sun thinks so. Sun makes a bullish bet on TRX and doesn’t believe Tron will take this lying down in next half of 2019.  

Second half of 2019 for Tron will be amazing – Justin Sun

On August 03, Sun writes that “Second half of 2019 for Tron will be amazing”. His tweet comes in a wake of Tron’s declining volume which is currently fell out of top 10 cryptocurrencies in terms of market capitalization. At the press time, TRX is sided down to 13th largest spot from its 12th rank on coinmarketcap.

Tron is not having enough bullish behavior to trust Sun’s prediction as it is presently trading at around $0.021 against US Dollar, lower than its trading value in the first half of 2019. Moreover, TRON (TRX) sits with market capitalization of $1,445,740,935, declining with 0.96 percent over the past 24 hours.

Tron Price | Coinmarketcap

Not the First Time

It’s worth to remind that in early May this year, Sun strongly tried to push the value of TRON (TRX) as well as BitTorrent (BTT). Ahead of Q2, Sun stated, “TRON will be back to Top 10 in June and BitTorrent will be Top 30 in Q2”. While this was a matter of the time, both tokens quietly surged in their respective values and attained the bet of reaching on top 10 and top 30 respectively, but for a very short period.

Moreover, TRX again saw a decline and failed to sustain its position on Top 10. Meantime, Sun began promoting its “Buffett Lunch” campaign which unfortunately turned into a bizarre affair. Notably, there’s no strong evidence on when the lunch with Warren Buffett might happen as Sun’s announcement of facing health issue due to kidney stone and a winner apologizing note on “out-of-control, excessive self-promotion” and a money-laundering investigation disturbed the whole event.

As far as the upcoming value of TRX is concerned, it is simply the matter of time and market conditions but Sun seems to have a definite plan backed by this announcement. As a response to a user’s comment that requested more information, Sun said;

Soon I will have a letter out to our community regarding our plans for the rest of 2019. ?

So readers, given the whole scenario what do think TRX’s next move? Do you think it will break the list of Top 10 again or fail to end up reaching? Let us know in the comment

Image source – SCMP


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]

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