Tron [TRX] Founder Justin Sun Bets on wallstreetbets, Promises to Buy $1 Million Worth $GME

Published January 29, 2021 | Updated January 29, 2021

tron
Source: Pintrest

Tron [TRX] Founder Justin Sun Bets on wallstreetbets, Promises to Buy $1 Million Worth $GME

Justin Sun, founder of cryptocurrency Tron [TRX] has announced to buy $1 Million worth of $GME and support wallstreetbets from Asia. Sun, announced this via his official twitter account which was further shared by wallstreetbets moderators.

Will Justin’s Bet on Wallstreetbets Bring TRON [TRX] in Limelight

Clearly, wallstreetbets’s war on wall street is favoring bitcoin and other cryptocurrencies like Dogecoin. Bitcoin price is also rallying and along with it Altcoin prices are surging. Meanwhile, for TRON things have been rough lately as once among top 10 cryptocurrencies it has now slipped to 21st position at coinmarketcap.

TRON price Chart
Source: Coinmarketcap, TRON price Chart

Justin has tried to revive the TRON through many attempts including famous Warrent Buffet lunch which did help to raise the TRON prices but not for very long.

Another big reason for TRON’s slipping growth is rise of DeFi and along with it Ethereum. Launch of Eth 2.0 also led to dilution of TRON’s major proposition i.e. scalability advantage against ethereum.

Wallstreetbets also announced Justin’s bet via their twitter handles and reddit group. This is a definitely a good move by Justin and we might see a short term spike in TRON prices but long term chances still look thin as Ethereum and DeFi are already breaking new ATHs.

Disclaimer
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
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Sunil Sharma 182 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Follow Sunil @