in

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

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


advertisement


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.

Advertisement

Stormgain

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.

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

TradingView



Share on Facebook



Share on Twitter



Share on Linkedin



Share on Telegram





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

DeFi bulls continue to roar as Gamestop (GME) saga continues

MicroStrategy CEO to release the world’s first Bitcoin ‘playbook’ for corporations

BlackRock CEO Suggests Bitcoin Could Be A Threat To The US Dollar

BlackRock CEO Says Bitcoin Might Become A Store of Value but Has to Prove Itself