Non-fungible tokens or commonly referred to as NFTs are raging in the cryptocurrency realm. With the bull season still on, NFTs have now made a niche for themselves. And there are a number of well-known players in the crypto industry who are betting big on these tokens. The latest one to join the heard was the founder of Tron Foundation Justin Sun.
The 31-year old crypto millionaire just made a bet to Twitter CEO Jack Dorsey’s “NFT”. For one million US Dollars!
His tweet read:
“HI JACK, I MADE AN HALF MILLION USD OFFER TO BUY YOUR TWEET”
Hours after this tweet, Sun updated his offer to $700k at first before finally changing it to a whopping $1 million. The exec’s final tweet read,
“I HAVE UPDATED MY OFFER TO 1 MILLION USD.”
Sun’s offer is the highest so far.
For the uninitiated, the tech mogul’s first-ever tweet on the social media platform was auctioned off by him as a non-fungible token (NFT). Dorsey has been a Bitcoin bull for a long time. But it was not until the 6th of March when he jumped into the NFT rabbit hole.
In short, Dorsey minted the first-ever tweet, which was posted on the 21st of March 2006, on Ethereum-run service Cent. Here, the users can essentially place the bet on the item using Ether [ETH]. This auction is set to continue until Twitter CEO accepts a bid.
NBA and NFT
NFTs have increasingly become a popular deal in the market. It is no surprise that several from the entertainment bizz has hopped onto the world of NFT. Be it Kings of Leon, Snoop Dogg, or Migos are some of the first in the music industry to interact with a revolutionary business setting.
But more recently, NBA is also leading the revolution. Recently, Dapper Labs, who happens to be the developers of the CryptoKitties, was reported to be assisting the National Basketball Association [NBA], in order to become a one-stop-shop for digital collectibles.
For the record, NBA Top Shot, which is a platform for NFTs built on Dapper’s Flow blockchain, has reportedly generated more than $230 million in sales, according to Dapper Labs.
Stealing the top spot was LeBron James highlight which reportedly sold for $200,000 while Zion Williamson edition was sold for a little less.
In addition, one of the world’s popular sports news sites, Bleacher Report (B/R), revealed auctioning off digital basketballs minted by four hip hop artists namely- 2 Chainz, Jack Harlow, Lil Baby, and Quavo in collaboration with the NBA All-Star Weekend.
Justin Sun of TRON (TRX) and His Winning Statements and Marketing Enthusiasm
Not many people will be willing to pay over $4M to have a dinner with Warren Buffet. The sales pressure exerted by Justin is so much and many of them have invested in TRX/BTT/WIN trusting Sun.
Some of the interesting sales statements read like: The Total accounts on TRON have exceeded 58 million. TRON ecosystem is continuously making efforts to decentralize the web. Appreciation to all TRONICS.
And there are several winning statements followed by claim your rewards events being organized by the different projects in the ecosystem. Winners, excited and announcements make frequent rounds in the ecosystem.
Just like the Sun never fails to rise every day, Justin Sun never fails to exert sales pressure and publishing exciting growth updates about the TRON ecosystem. Even normal statistical information gets updated like an interesting growth pattern. Thus, establishing that every IOTA of change in the ecosystem matters to the growth.
Not only does Justin Sun appreciate the TRON Ecosystem members, but every partnership which becomes a part of the TRON ecosystem.
Justin Sun recently expressed: “I’m super excited to share with you all that @ValkyrieFunds, which I helped to launch as a key investor, has obtained the SEC’s approval to list one of the first #Bitcoin #ETFs in the US.
This long-overdue breakthrough with the SEC for Bitcoin ETF completes the ongoing recognition by leading global regulators for cryptocurrency across Canada, Europe and the US to integrate with the traditional financial markets.
Since this year, TRON has successfully advanced its vision to bridge the crypto world with financial markets, including the listing of TRX ETP (VTRX) on Xetra that can be traded in 14 EU countries as well as a TRON trust in the US with Valkyrie.
Recently, Justin Sun expressed his excitement about BTF starting to trade. And, Further BTT will be having BTTC launch on 30th Oct.
BitTorrent, the leader in peer-to-peer protocols and products have declared the launch of BitTorrent Chain (BTTC). BTTC points to TRON and BitTorrents’ first-ever foray into the cross-chain field, thus heralding the advent of a whole new era. BTTC is significant because it will play an essential role in the TRON protocol as a Layer 2 solution. Thus, it will be a new era where all chains are connected.
BTTC is all set to be fully compatible with the Ethereum Virtual Machine. Worth noting TRON have invested $450 million in its DeFi strategy and it will continue to commit another $1 billion to BTTC developer support and DeFi mining.
Moon Stake is now the Super Partner of TRON (TRX)
The total accounts on TRON has exceeded 56 million. According to TRONSCAN, TRON total accounts have reached 56,849,293. TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.
Community response: Less accounts but a higher price of TRON is what we need. The price of TRX dropped below 0.1$. Wish they burn some TRX or convey some benefits to users.
Other news: Moon Stake is the Super Partner of TRON. Users will be able to stake TRX to earn rewards on Moonstake Web and mobile wallets. The integration is made possible through strategic partnership with the TRON Foundation.
Moonstake was established to develop a staking pool protocol to satisfy increasing demands of investors and businesses in regional and global blockchain markets. They aim to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. They are offering staking pool and node solution and enterprise wallet solution.
They offer Staking Pool as a Service. Moonstake with their in-depth experience in developing and managing staking pool nodes in different project protocols, are currently having multi-millions worth of digital asset staked with them. They are confident of being able to provide Staking as a Service through their proprietary SDK and API connection. The SDK approach permits institutions to plug easily and securely to their platform and stake only when required, while keeping it offline when digital assets are not moved.
They offer Node as a Service development for institutions who want to create their own project staking pools. Through their expert development team, institutions will be able to focus on their business strategy and growth, while leaving the technical development and maintenance of the staking pool nodes to Moon Stake. Users will enjoy transparency and stability of yield returns on the POS coins while the specialists cover all the security and maintenance required.
Institutions choose Moon Stake as their staking solution provider because clients are always in control of their funds. They are able to participate in the numerous projects staking pool nodes easily in a secure manner.
The staking pool from Moon Stake facilitates optimal yield options. They also have working relationships with projects and communities, which support consistency and real-time updates.
With a clear understanding of the requirements of leading institutional fund managers and financial controllers which choose Mook Stake, they provide full detailed reporting with clear breakdowns, including multi-assets financial details and staking transactions. They also offer enterprise wallet solution and node as a service. Seamless onboarding, full control, flexible administration and permission levels, robust functions and features have all made Moon Stakes interesting for institutions.
Tron price analysis: TRX rallies above $0.104 after piercing through resistance
- The bullish trend has lifted price to $0.104.
- Bulls have been maintaining the control.
- Support is at $0.082 as per Tron price analysis.
The Tron price analysis shows the bullish momentum has been intensifying over the past few days, and the uptrend has been quite permanent. The TRX/USD price has been able to cross the resistance present at $0.103 as well because of the upsurge. A crossover between SMA 20 and SMA 50 has resulted in a massive-scale improvement in price. The price is currently at $0.104 and is expected to grow even further.
TRX/USD 1-day price chart: Bullish momentum succeeds in elevating price to $0.104 level
The one-day Tron price analysis is confirming an uptrend, as the price has been rising consistently since the past week. The progression has been quite noteworthy as the price has been able to break past the resistance level as well. The price has taken a momentary stop at $0.104 and is expected that it will jump to further heights soon. The moving average (MA) value is at a lower level and is standing at $0.096.
The volatility has increased slightly which indicates that the price might experience a drop ahead. The upper and lower values of the Bollinger bands Indicator have changed as such; the upper value is now at $0.103 while the lower one is at $0.082. The Relative Strength Index (RSI) indicator is showing its score at 60.
Tron price analysis: Bullish trend accelerates price movement above $0.104
The four hours Tron price analysis is predicting an uptrend for the cryptocurrency as the price has been progressing rapidly. TRON’s price is now settled at $0.104 and there is a high chance that it will move forward in the approaching hours. The improvement in coin value has been surprising and it seems that the buyers are inclined towards keeping the price high. Moreover, if we discuss the moving average value, then it is currently standing at $0.099.
As the volatility has increased substantially, the Bollinger bands are now keeping their average at $0.097. Whereas, the upper and lower Bollinger band values have moved to the following levels; the upper value to $0.102 and the lower one to $0.091. The RSI score has crossed the over-bought mark to reach 74.5 as well.
The overall progress of TRON/USD price has been appreciable as can be confirmed from the technical indicators chart. There is a bullish indication for the day with 16 indicators present on the buying position, 10 indicators on the neutral position, and zero indicators on the selling one.
The moving averages indicator is supporting the buyers as well with a strong bullish signal. There are 14 indicators standing on the buying point, one indicator on the neutral point with none present on the selling point. The Oscillators are showing signs of bullish trend as well while keeping nine indicators on the neutral position, two on the buying position, and zero on the selling one.
Tron price analysis conclusion
The above one day and four hours Tron price analysis is predicting a rise in price as a constant uptrend has been following for a week. The price has pervaded through the resistance levels as well and has joined the $0.104 position. Further increase in price is possible if the support at $0.082 remains steady at its position.