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TL; DR
- TRON's managing director, Justin Sun, is accused of having laughed at the performance of Ethereum in recent days, when the TRON itself has performed successfully compared to other altcoins.
- Sun's co-founder and Ethereum, Vitalik Buterin, is known to comment on one another and on the performance of their coins, although many believe Sun does it more than it may need.
- The recent wave of TRON and the fact that the project already has almost 100 dApp, have caused a price increase of 20% during the last week, while the market capitalization of TRON was $ 1.7 billion at the time of writing .
In recent days, despite the recent encryption, TRON (TRX) has started to record good earnings, which has caught many by surprise because most of the other currencies are currently traded in red. As one of the biggest gainers, TRX saw a 20% increase, with its gains nearly doubling in the previous week. The price of the currency rose this week to around $ 0.03.
However, the CEO of TRON, Justin Sun, known for his constant tweets and reports on the progress of TRON, has decided to comment on the behavior of his currency on this occasion. While the cryptic community has become accustomed to Sun's tweets, even when they are apparently just for building hype, many have questioned its most recent comments on the TRON situation.
Sun vs. Buterina
In the tweet, Sun scoffs openly about the poor performance of Ethereum in the last days, while emphasizing that TRON is at the center of attention. He also shared a picture of Ethereum's co-founder, Vitalik Buterin. Finally, the CEO shared the same photo on the Chinese microblogging site called Weibo, with a commentary on the fact that: "It's true that Tron is on the rise, and Ethereum is going downhill."
Sun is known to have made similar observations on Ethereum in the past, and when the creation of the TRON dll started to take off, his comments on Ethereum, the project that allowed the creation of TRON in the first place, have become increasingly disrespectful.
Competition is not new in cryptographic space, as in any other industry. However, many members of the TRX community have criticized this type of behavior of Tweeting, also stating that there is not much value to celebrate, due to the fact that TRX is down by 88% compared to its historical maximum .
Sun's Twitter battle with Buterin has been going on for some time. A recent example of this was the TRON which achieved a new record for the number of daily transactions previously held by Ethereum. While the results of TRON are undeniable, the community has had many long discussions about how Sun expresses its excitement.
Meanwhile, China's cryptic community remains skeptical about TRX, even going so far as to call it a pyramidal scam, and accusing the currency development team of manipulating the market. So far, there does not seem to be any clear evidence of this, on the contrary.
The latest news from Tron
In response, TRON has made moves to ensure that everything it does is compliant with the regulations. They did so by hiring a former US SEC prosecutor, David Labhart, who currently serves as chief compliance officer for TRON. TRON has had other results that have probably positively influenced its price, which means that China's cryptic community may be wrong in their assessment.
As for TRON, the currency is suffering losses again, at the time of writing. Tron's price is around $ 0.26 per coin, with a market capitalization of $ 1.7 billion.
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