Tron (TRX) price could moon to $409k says Justin SunTron gives outrageous TRX price prediction Tron is now the second-largest blockchain for DappsTron price action
Tron News Today – Justin Sun – the CEO and founder of Tron – recently teased his followers on Twitter, saying that Tron (TRX) could moon to $409k. However, this is not a tweet to take lightly considering that Tron recently outperformed EOS in terms of total decentralized apps, for the first time in history.
Justin Sun Predicts TRX Price Could Hit $409k
In a recent tweet, the CEO of both BitTorrent and Tron said that the native currency of the Tron network – TRX – could surge to $409k. Nevertheless, he did not say anything about when this prediction would happen.
TRON (TRX) Price Today – TRX / USD
$TRX price target is 409k🤣
— Justin Sun (@justinsuntron) January 9, 2020
However, many in the digital currency space did come after him for his outrageous TRX price prediction. Josh Rager – a prominent digital currency analyst – dismissed the bullish prediction of Sun by saying that TRX “is worth $0.” Another user on Twitter said:
“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.”
What Is the Reason for Sun’s Outrageous $409k TRX Prediction?
On January 8, the US stock market surged to new highs after Donald Trump – the President of the United States – resolved a looming military war with Iran. On Thursday, the President thrilled the digital currency community on Twitter with a tweet that was deleted long ago. In his tweet, he asked the crypto community how their 409k’s were doing as the stock market surged higher. However, the tax-advantaged retirement savings plan Trump was referring to is known as 401(k). His tweet states:
“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 Kris Marszalek – the CEO of Crypto.com – joking that 409k is the new target of Bitcoin (BTC). This is perhaps how Sun came up with the enormous Tron price prediction.
Tron Is Now the Second-Largest Blockchain for DApps
Recently, the Tron network became the second-largest blockchain for decentralized applications. Data from Dapp Review reveals that the Tron network now has 657 active DApps. This considerable increase helped Tron to overtake EOS for the second position for the first time ever. The total number of active DApps on the EOS network is 633. Nevertheless, Tron Dapps are very few compared to the 2,146 Dapps on the blockchain of Ethereum. As usual, Sun took to Twitter to announce this huge milestone.
According to @dapp_review, the total number of #TRON #Dapps reached 669 on Jan 07, 2020. It has surpassed the number of #EOS Dapps(668) for the first time. #TRON ecosystem is growing at a steady pace, we welcome more users and developers to join us. #TRX $TRX pic.twitter.com/rwOiXbOZSd
— Justin Sun (@justinsuntron) January 8, 2020
Tron Price Trend
Tron is one of the top gainers among the top 20 coins in the market. The price of TRX is up by more than 5 percent over the past day, bringing TRX to USD price to $0.0145. TRX is now back to the 11 position on the list of top digital currencies.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she’s not writing, she spends time with her adorable cat, Ginger and works out often.