Sunday, January 17, 2021
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Tron Rallies Ahead Of Justin Sun’s “Exciting Project” Announcement

by firstcryptonews
June 8, 2020
in Industry
Tron Rallies Ahead Of Justin Sun’s “Exciting Project” Announcement

Despite being criticized for it, Justin Sun continues to make pre-announcements. This is, announcing to the Tron community that the project will be announcing new development in a coming date. Those against it have accused Sun of using this tactic as a hype machine to pump prices in the days leading to the actual announcement. Has it worked?

The crypto community is flooded with speculators and it has been an easy way to get them excited about the project.

This then has been the simple reason why Sun continues to do it. In the latest episode, he announced about a week ago that there was an “exciting project” on the 8th of June. While it did not get much attention then and no significant price change, now it seems investors are keen and pumping prices in anticipation of the announcement.

We are now just hours to the “news” and although this tactic has at times backfired after the announcement is made, investors seem confident. In previous failures, investors have overbought in anticipation of a major development only to get a less significant one triggering a sell-off that temporarily crashes prices.

At the time of writing this Tron’s TRX is exchanging for just over $0.017 following a 4% rally in the last 24 hours. Investors’ excitement is further captured by volume with a daily trading volume reaching highs of $1.5 Billion which is higher than XRP.

What’s The Big News?

Some have speculated that it is a project development geared towards the release of Tron 4.0. As Sun was making his pre-announcement there was much hype about Tron 4.0 and how exciting it was in comparison with Ethereum 2.0. While Ethereum 2.0 lost in a recent controversial Twitter poll by Sun, it is still set to be a monumental development and critical upgrade that ensures the success of Ethereum.

Similarly, it could be that the founder has decided to purchase a new venture. Just a few months ago after making such an announcement he later revealed the acquisition of Steemit.

The community is still in the dark but all shall be revealed in a few hours, for now, the investors get to enjoy gains with the hope that gains will continue in the long term.

Related Posts

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

by firstcryptonews
January 6, 2021
0

Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the...

Why XRP dropped 24% in 2 hours after a massive relief rally

Why XRP dropped 24% in 2 hours after a massive relief rally

by firstcryptonews
December 26, 2020
0

The XRP price has declined by 24% in the past hour on Binance after Bitstamp released its statement. In light...

Bitcoin dominance back to 2019 levels as institutions fill their bags

Bitcoin dominance back to 2019 levels as institutions fill their bags

by firstcryptonews
December 25, 2020
0

The world’s pioneer cryptocurrency has bounced back to glory after the DeFi summer stole much of the limelight. Bitcoin’s dominance...

IOHK’s new KEVM devnet opens up Cardano for Ethereum developers

IOHK’s new KEVM devnet opens up Cardano for Ethereum developers

by firstcryptonews
December 23, 2020
0

IOHK announced that Solidity, a programming language for writing smart contracts on Ethereum, is now compatible with the Cardano blockchain...

No Bitcoin Manipulation: Analyst Defends 2020 Price Surge of 57%

CME Bitcoin Futures open interest hits ATH

by firstcryptonews
December 23, 2020
0

Bitcoin’s price has grown 228% year-to-date and has managed to register a new ATH at $23,777. The common thought behind...

Ex-KFC Worker Busted for Building Bitcoin-Aided Crime Enterprise

Sovryn Brings DeFi Bitcoin to RSK

by firstcryptonews
December 23, 2020
0

During the last months, DeFi Bitcoin (BTC) tokens have been offering services on top of the Ethereum (ETH) network. However,...

Next Post
Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

Leave a Reply Cancel reply

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

Recommended

Levolution

Levolution – First Token Burn Completed on October 29th, 2019

1 year ago
Crypto Market Turns Green: Bitcoin Nears USD 6,000, Ether Up 10%

Crypto Market Turns Green: Bitcoin Nears USD 6,000, Ether Up 10%

2 years ago
No Bitcoin Manipulation: Analyst Defends 2020 Price Surge of 57%

No Bitcoin Manipulation: Analyst Defends 2020 Price Surge of 57%

11 months ago
Match Token

Why MATCH Token Pre-Sale is Creating So Much Buzz

3 weeks ago
Global Crypto Alliance

P2PB2B Exchange to host IEO for World’s First ERC777 Token – CALL

1 year ago
CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

1 year ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

December 30, 2020

Recent News

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

October 14, 2020

Press Release

quiverx

QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding

January 9, 2021

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News