04 Nov 2019 Anthony Lehrman
TRON Closes A Deal With Samsung And Goes Towards Top 4 Coins
TRON’s CEO and founder Justin Sun made a live stream announcement that the TRX project will find its place in the top four of cryptocurrencies based on market capitalization. The TRON community is yet to receive news for a new million-dollar partnership, and future updates for the TRON ecosystem.
Sun’s announcement is bold, regarding TRX’s current position, which is #11 in the crypto rankings. This means TRON must outperform crypto projects like Bitcoin Cash, Tether, Litecoin, and Stellar.
The crypto community raised a voice of concern about whether TRON could fulfill its goal by the end of the year, taking into consideration the two-month deadline.
David Gokhshtein, a contributing member of Forbes Finance Council, however, stated his confidence about Justin Sun’s prediction. Gokshtein noted that TRX would be one of the few projects to really go up in an event of a bullish run.
“TRX would go up insanely when the bulls come back,” Glokshtein added.
The social impact on Justin Sun’s live stream is immense – more than 10 million Chinese watched Sun’s views on crypto regulation and blockchain in China.
TRON’s network also spiked up in terms of Tether coins on its blockchain. The 250 million coins before the live stream almost doubled, reaching 450 million coins as of press time. The total amount of TRC20-based Tether coins in circulation also received a boost, reaching 700+ million.
Sun’s broadcast also started a new wave of account openings, with TRONSCAN announcing that the total number of accounts on TRON’s network now exceeds 4 million. However, the data does not distinguish inactive accounts.
The mysterious partnership turned out to be with global manufacturer Samsung. The tech giant announced support for TRON on its decentralized app store. The deal boosted TRX’s price with more than 30 percent.
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