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TRON [TRX] drops by 8% while Justin Sun gains 400K followers on Twitter

Sthuthie Murthy

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TRON [TRX] deteriorates by 8% while Justin Sun gains 400K followers on Twitter
Source: Pexels

TRON [TRX] has been in the headlines for a while now. With the Test Net launch scheduled towards the month end, it is surely an exciting time for TRON holders. On a statistical note, there is a slight decrease in the net value of TRX by 8.20% in the past 24 hours at press time. This is not an anomaly, the entire market is going down with the exception of VeChain.

With its current value at $0.0435 in the 14th position on the market coin, there might be some rejoiceful times ahead. Though there has been an increase in the average percent during the last 7 days, the price is sliding on a comparison to its all-time high value $0.27 in January.

In the past 24 hours, TRX has dipped significantly by 8.22%.

On the other hand, TRON Foundation’s Twitter handle recently posted:

Tron Foundation's Tweet

Tron Foundation’s Tweet

What comes in as an ecstatic news to the founder of this cryptocurrency is –

“Justin Sun has crossed 400K+ followers on Twitter.” A hearty congratulations to Justin, well yes, that is huge.

Jeremy Judd, a Twitter user, replied to TRON Foundation’s tweet:

“Seriously??? Don’t you have better things to worry about than how many followers he has??”

Twitter handle DarrMunday comments:

“Mmm just had a look at the market…nope 400k twitter followers didn’t mean d*ck.”

As customary, Justin Sun makes another ‘announcement’. He, as promised in his earlier tweet has released the launch dates of TRON main net. The test net will be launched on March 31st and the main net on May 31st.

Justin Sun’s post on Twitter:

Lucien Chen, TRON’s Director of Technology has stated:

“The main net launching in May will have all high priority functions. Functions with lower priority will be deployed later in the form of version upgrades.”

Another announcement was made regarding ‘TRON and BitGuildPLAT building a strategic cooperation together’. This will strengthen the two sides cooperation on the online game for the bottom of blockchain technology, payments, and ecosystems. 

Justin Sun, founder of TRON said:

“Online gaming is a growing and huge market and TRON has always put online gaming at the core of online development.”

The Founder of BitGuild, Jared Psigoda, and his team have extensive experience in the gaming and entertainment industry.



Jared Psigoda quoted:

“I believe the blockchain online game landscape will be further expanded through the strategic cooperation between TRON and BitGuild.”

By expanding blockchain gaming technology, their aim is to revamp online games, which is a huge market. This will also reshape relations between gamers, developers and game content.





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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