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The executive director of the Tron Foundation announced last week that he would issue a big announcement after June 1st. Nobody knew exactly what the revelation would be: a Godzilla or a Bambi, but the price of the symbol of the chain of the same name of Tron well concealed the hype. .
The TRX rate has now climbed to $ 0.041 on Binance, its highest level in 10 months. This decision brought Tron's weekly earnings to more than 55%, including a jump of nearly 28% this weekend. The increase also helped the blockchain project set a market capitalization of $ 2.71 billion, up 103% from the beginning of the year.
TRON rebounded by more than 100% in 2019 | SOURCE: COINMARKETCAP.COM
The Blah Blah project
There can be no doubt that Sun's so-called announcement painted a pretty picture on the TRX charts. But all it takes is a touch of red to cancel the job. And in the case of Tron, these threats should not be ignored.
Sun has the habit of projecting small acts as decisive phenomena. The community remembers the CEO for creating a hype around a partnership with "a billion-dollar-worthy giant," and hiring Baidu, based in China, to use their business solutions. Cloud computing. As usual, the price of TRX reacted positively to the news and jumped 2% – even though the stated fundamental factor was totally misleading.
In fact, when I put gas in my car, I'm Shell's partner and when I buy on Amazon, I'm Amazon's partner …
– CryptoSwitzer ? (@cryptoSwitzer) October 18, 2018
If this is not enough to shake the conscience of Tron's unconditional owners, then Sun boasting of having a million followers on Twitter should do its job.
In March, the CEO went too far to prove that he was the most popular crypto-celebrity, but was embarrbaded for himself and his followers when it was discovered that thousands of these followers were fake. What serves even more memory is the debacle of Sun's gift Tesla, in which he had promised to entrust this expensive car to one of his lucky disciples.
In the end, the CEO awarded the winner round-trip economy clbad tickets for one of Tron's blockchain events. Tesla had another opportunity to sell a car.
Sorry for not giving you Tesla, but we'll give you two economy clbad tickets to attend our conference. It's basically the same thing, right? https://t.co/Hdu9ARyA76
– Riccardo Spagni (@fluffypony) March 29, 2019
The Tron Take away
Buyers will buy as soon as they see a short-term opportunity in Tron. This explains why the TRX price has jumped, especially these past two days. But the complete picture indicates that Tron is turning into a fishing-friendly marketing campaign. Enjoy bulls *** rally as long as it lasts.
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