Justin Sun riled up another storm on social media when he tweeted stating why TRON is better than Ethereum. Tron [TRX] at press time is the only token to lose value in double digits among the top 20 tokens. It has lost more than 10% in value in the past 24 hours and is currently trading at $0.037 to a token according to Price.Ambcrypto with a market cap of $2.4 billion.
Justin Sun, the man behind TRON tweeted the reasons why he thinks TRX is better than ETH saying,
- 10000TPS vs. 25TPS
- Zero fee vs. high fee
- consistent Coinburn vs. no coinburn
- Java vs. Solidity
- Strong extensibility vs. no ex.
- 1 billion USD developers rewards vs. no plan
- 100 million users vs. small number
Alex Mc, a Twitterati commented on that saying,
“Never seen such a rank one sided analysis in my life! If you’re going to compare yourselves at least get actual figures instead of “relativity small amounts”. You’re starting to sound like @realDonaldTrump”
John, currently doing his BSc (Honours) in Computing and IT says,
“yes great business ethics. Degrading the hand that has fed you from day 1. The more you tweet the more I dislike you as a person”
Vitalik Buterin pitched in and said,
“8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)”
Despite Justin Sun getting bashed up for his tweet many from the community argue that TRON’s technological advances are far better and faster than most cryptosystems out there. Many from the community showed support with some like Elliott Wavy saying,
“Atomic cross-chain swaps as standard. Fully decentralised dex (not a clearinghouse system like plasma/lightning). Zcash privacy, btc security (through dPoW), noth simple and smart contracts, fully independent and customisable, cross-chain child chains. They’re light years ahead”
Justin Sun, in reply to Vitalik Buterin’s response, says,
“Thanks for the reply of @VitalikButerin . #TRON benefits a lot from #eth and #eth inspires us to make a better decentralized platform. If you are more familiar with #TRON you will know we have launched testnet (Mainnet 5/31)and are more than white paper writing. #TRX $TRX”
Despite not supporting the technology or the company, some crypto investors who have invested in TRON [TRX] believe that the sheer nature in which TRON gets media coverage for both good and bad reasons would be one of the reasons for a possible bull run.
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Binance coin pumps by over 6% in an hour; breaks its all-time high
On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.
At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.
This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].
The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.
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