Tron foundation’s founder Justin Sun is leaving – will this affect pricing?

2021-12-20 18:40

The Tron Foundation has announced that founder Justin Sun is leaving in what looks like a massive reorganisation of the TRON (TRX) Blockchain Governance. Sun had been with Tron for a while now and is expected to take up a WTO role in Geneva. But how does this play out in the market? Well, here are a few pointers:

When the news was first announced, TRON (TRX) dropped nearly 8% in less than 24 hours

Justin Sun was one of the original founders and writers of Tron’s network code

We could see some significant governance changes around TRX in the near time

Data Source: Tradingview.com

How does Sun’s departure affect TRON – price action

Well, as with any other company or asset, the departure of key people is always going to cause jitters in the market. It’s the reason why TRON (TRX) dipped when the news came to light. But the long-term fundamentals of the blockchain still look good. 

Besides, Justin Sun noted that he believed the platform was fully decentralised and that the TRON community could now take over the day-to-day governance of the platform. Also, TRON (TRX) still maintains a market cap of over $ 8.3 billion and continues to attract a lot of positive press in the crypto world.

Should you buy TRON (TRX) right now?

The departure of Justin Sun is of course, a big deal. In the short term, there is likely going to be some uncertainty. This means that price volatility will be very high. So, it would be best to wait before you add TRON (TRX) into your portfolio. 

Once the volatility abates and some reorganisation is seen in the TRON Foundation, it will be easier to reassess the fundamentals. But TRON is definitely one of the most exciting blockchain projects today.

The post Tron foundation’s founder Justin Sun is leaving – will this affect pricing? appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Intelligent Trading Foundation (ITT) на Currencies.ru

$ 0.0031295 (+16.84%)
Объем 24H $12.938k
Изменеия 24h: 19.07 %, 7d: 24.57 %
Cегодня L: $0.0031295 - H: $0.0031295
Капитализация $30.715k Rank 2059
Доступно / Всего 9.815m ITT

leaving tron sun foundation founder justin pricing

Источник: coinjournal.net

leaving tron → Результатов: 21


Gambling and DeFi keep dapps afloat as transaction volume drops; Ethereum, EOS and Tron leading

The transaction volume of dapps built on 6 main blockchains went down 40 percent in Q3 2019, while just 148 new dapps launched in the whole quarter. According to the report from Dapp Market, crypto gambling apps and DeFi accounted for the majority of the transaction volume, leaving many to wonder whether dapps have had […] The post Gambling and DeFi keep dapps afloat as transaction volume drops; Ethereum, EOS and Tron leading appeared first on CryptoSlate.

2019-10-10 15:12


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

TRON network officially supported by LayerZero

TRON joins forces with LayerZero to offer efficient cross-chain interactions, enabling developers to expand their dApps across 70+ networks. The post TRON network officially supported by LayerZero appeared first on Crypto Briefing.

TRON DAO at DC Blockchain Summit

As a Silver Sponsor at the DC Summit, TRON DAO connected with various industry leaders and policymakers, fostering growth within the sector. The post TRON DAO at DC Blockchain Summit appeared first on Crypto Briefing.

TRON DAO at Cornell Blockchain Conference

Through DeFi panel discussions with industry leaders, TRON DAO cemented its role in fostering education and the future of decentralization. The post TRON DAO at Cornell Blockchain Conference appeared first on Crypto Briefing.