Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: sirty143 on January 14, 2020, 04:41:12 AM
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Tron CEO, Justin Sun, recently teased the Tron community with a tweet where he said Tron (TRX) could moon to $409K. This tweet should not be taken lightly keeping in mind that his blockchain network, Tron, recently surpassed EOS in terms of total Dapps, for the very first time.
Even so, as a CEO who is oft-times laden with controversy, it is difficult not to think that this could just be one of Justin Sun’s antics.
Tron (TRX) Can Hit $409K
In a Twitter post on January 9, the CEO of both Tron and BitTorrent, Justin Sun claimed that TRX could surge to $409K. Sun, however, did not reveal any particular timeline and ended the tweet with an emoji.
https://twitter.com/justinsuntron/status/1215360195724902400
The crypto community on Twitter was not having it. Prominent analyst Josh Rager dismissed this prediction by saying TRX “is worth $0”. Another Twitter user opined:
“TRX is pre-mined which means it has a speculative price but no value. Having no value means that when knowledge catches up with speculation the price will represent its value which is $0.”
This begs the question: what is behind Sun’s $409K prediction?
On Wednesday, the US stock market skyrocketed to new highs after US President Donald Trump successfully defused potential military war with Iran. A day later, Trump thrilled the crypto Twitter community with a tweet that has since been deleted. In his tweet, he asked his followers how their 409K’s were doing as the stock market climbed higher. The issue was that the tax-advantaged retirement savings plan Trump was referring to is known as 401(k).
Trump had tweeted:
“STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 409K’S DOING? 70%, 80%,90% up? Only 50% up! What are you doing wrong?”
Crypto Twitter blew up with the CEO of Crypto.com Kris Marszalek quipping that 409K is BTC’s new target. This is presumably how Justin Sun came up with the lofty prediction for TRX.
Tron Network Surpasses EOS For Dapps
Tron recently became the second-largest blockchain for Dapps. According to a recent report by Dapp Review, the Tron network now has 637 active Dapps, officially overtaking the EOS network for the No.2 spot for the first time in history. The EOS network is home to 633 active Dapps. Tron Dapps, however, pale in comparison compared to the 2,146 Dapps on Ethereum blockchain.
As expected, Justin Sun took to Twitter to announce this major feat.
https://twitter.com/justinsuntron/status/1214842830054555649
Is Justin Just Bluffing?
Justin Sun put a dent on his reputation last year after hyping the Warren Buffett lunch which did not happen. Additionally, in mid-August last year he promised to take both Tron (TRX) and BitTorrent (BTT) back to the top 10 and top 30 crypto rankings respectively.
This is yet to be seen. Meanwhile, TRX dropped from the top 10 and is now twelfth-ranked. BTT, on the other hand, is holding the 65th position. Moreover, TRX has declined by 93.9 percent from its all-time high.
Evidently, it hasn’t been smooth sailing for the TRX price, and it makes sense that some crypto observers would choose to believe that this is just another one of Sun’s ruse.
Source: ZyCrypto (https://zycrypto.com/to-the-moon-trons-justin-sun-claims-trx-could-soar-to-409k/)
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Justin Sun can claim so many things, but he have to prove in the market and people told a lot of good things in the past about Tron and still hearing here in this forums too.
We have to see and invest only that we can't afford to loss. I am looking further movement for investing in them.
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409k with "$" in front of him and that proves that the figure is equivalent to 409,000 USD.
If it really happened to TRON coins, what would happen to the price of Bitcoin and EThereum?
Very surprised and maybe many people will become millionaires when it happens and even Bitcoin has not yet reached the price of 22,000 USD for 1 BTC. hahaha
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Now that the adult site Pornhub has stopped working with PayPal and will use the USDT released on the Tron network to pay for its services, we will see both an increase in the price of an asset and a good step towards mass adoption of cryptocurrencies.
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obviously its not true. Given the total supply of Tron, Im 100% that it will not reach $409k. May be he was referring to bitcoin ;D ;D ;D and that has a huge possibility to reach $409k. He is just joking I think.
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Now that the adult site Pornhub has stopped working with PayPal and will use the USDT released on the Tron network to pay for its services, we will see both an increase in the price of an asset and a good step towards mass adoption of cryptocurrencies.
Wow even I just knew this because I saw this news so I'm sure TRON will get something valuable from USDT transactions using the TRC20 network.
If we look at PayPal, then the company is indeed big and I'm sure this is a regeneration where PayPal with a centralized financial system will be shifted by TRON using the decentralized system.
Indeed the porn industry is quite rapid in this world and this opportunity is taken by Justin Sun struggling in adult business. LOL
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Of course that's just a joke, the tweet link was deleted when I checked it. Can you imagine if the price of Tron is up to $ 409K, there will be many rich people considering the number of Tron coins that are so many.
A joke that was very pleasing to me :D
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Same with my thoughts because Justin Sun always does silly things that end up with a lack of good humor. lol
Then I also tried something valuable that was checking whether the news was true or false and it turned out to be wrong because the price for 1 TRON was less than 0.1 USD.
This news should not be taken seriously because currently there are a lot of CEOs who play with the media for the Hive for their coins.
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Hopefully, the sky can only be the limit for great coins like Tron, any projections can always be met with the necessary input and commitment. Am still holding on tight and gathering more TRX in my atomic wallet. I guess that's the coolest place to keep your coins if you are multi coin user like myself.
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I am holding mine on atomic wallet and staking them. Receive dividend daily so I stake them to compound.
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409k with "$" in front of him and that proves that the figure is equivalent to 409,000 USD.
If it really happened to TRON coins, what would happen to the price of Bitcoin and EThereum?
Very surprised and maybe many people will become millionaires when it happens and even Bitcoin has not yet reached the price of 22,000 USD for 1 BTC. hahaha
Justin Sun likes to exaggerate the price capabilities of the cryptocurrency, especially if his forecast concerns his own TRON project. TRX is now priced at $ 0.017. Let this coin at least rise to the price of one dollar first. The tron's $ 409,000 price tag is unrealistic at all. Besides, why exactly $ 409,000 and not $ 400,000. Why is Justin Sun's forecast so accurate?
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I do not know, I do not understand the thoughts of Justin SUn.
I thought maybe this Justin Sun was dreaming, delirious, then waking up and hallucinating.
409,000 USD is very expensive and even Bitcoin which is the parent of all crytpocurrency has never reached a price of 409,000 USD.
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I do not know, I do not understand the thoughts of Justin SUn.
I thought maybe this Justin Sun was dreaming, delirious, then waking up and hallucinating.
409,000 USD is very expensive and even Bitcoin which is the parent of all crytpocurrency has never reached a price of 409,000 USD.
Justin Sun, in my understanding, is a young man but already a very savvy marketer and communicator. Of course, we can say that he was just joking with that comment back then but that illustrated the kind of thinking that he has right now. Unfortunately, as Bitcoin and Ethereum made enormous gains lately, it seems to me that TRX is stuck right now. I am a big fan of both Eth and TRX and I am hoping both these assets can be flying high.
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What we can learn from this is how the younger tech savvy generations see the world and business, clearly through a different lens!! Justin is a perfect example of this. An exciting future for the space.
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I invest in Tron and I agreed heavily on your fundamental point that Tron need to be more serious with more mature use-cases. If it's a game industry that Tron is to aiming, make it like Enjin, a serious game industries and digital items. Not only on bets Dapps.
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Justin Sun is an enthusiastic young man but maybe that dream is just a joke for now.
It took time, factor, effort to reach the price of 400,000 USD and that is a very high value.
I believe TRON can reach this price if the supply from TRON becomes 21,000 coins. LOL
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Thank you so much TRX token for giving such a beautiful idea newcomers like me will benefit a lot from your post. But will the token price rise permanently? A little outline can be traded please let me know.
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409K Tron is not a valid prediction. It should be provided a little guess what in order to have a little bit basis because it could be said to be a hype to misdirection the crypto Tron enthusiast.
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Justin Sun can claim so many things, but he have to prove in the market and people told a lot of good things in the past about Tron and still hearing here in this forums too.
We have to see and invest only that we can't afford to loss. I am looking further movement for investing in them.
Justin Sun is bluffing. He can prove but limited to that it is not possible to go this price. Even how many years bitcoin will touch this price I dont know. Obviously in cryptocurrency investment should be made what can you lose.
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That is unrealistic and futuristic price only on paper, his token total supply is too much and how can such Total Supply token attract such price
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soar to $409k?? With Tron circulating as much as 77 billion coins as it is today I'm not sure Tron price will at $ 1.. :D
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Obviously, Justin sun is just creating some kind of speculation to enhance the TRX market value by his many tweets. TRX had actually perform very well in recent times, forming a good resistance above $0.02 and I think is the basis of his positive comments, at least to encourage the community plus more interest from the general public to join the Tron project for a huge future benefits.
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Justin Sun appears to have decided to keep up with the likes of bitcoin and ethereum in his predictions. However, it is too early to equate tron with bitcoin or even ethereum.
If his Tron cannot reach the price of one dollar, then it is still very early to talk about a price of hundreds of thousands of dollars. Of course, such a forecast was given only to cheer the holders of this coin.
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I also tried something valuable that was checking whether the news was true or false and it turned out to be wrong because the price for 1 TRON was less than 0.2 USD.This Coin value up all coin market.
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The tron was purchased
291858 trx
8) 8) 8)