This morning, we talked about the TikTok craze which brought success to Dogecoin and made the cryptocurrency blossom and surge by more than 20% in a single week. Now, we can see that the CEO of TRON Justin Sun wants to do the same TikTok thing for the TRX cryptocurrency, which some see as an ironic post on his Twitter profile.
— Justin Sun (@justinsuntron) July 8, 2020
All of this, as we reported in the Dogecoin news, comes on the heels of the short video-based platform TikTok which pumped the price of Dogecoin (DOGE) by latching onto crypto’s “clown coin” in a bid to push it to $1.
Reports by Gizmondo show that the main creator of this play was someone with a username jamezg97. As he says in one of his videos:
“Here’s an interesting thought, what if everyone watching this video went and bought some Dogecoin. Now obviously I would never suggest this, but could they really stop us? Could they stop us all?”
The Tron news now show the CEO of Tron Justin Sun going over this topic. However, there are still some concerns over TikTok creators using Dogecoin for a potential pump and dump scheme. According to a Financial Chartered analyst named Phillip Christenson:
“It’s not hard to envision the SEC taking down a few of the more popular influencers perpetrating this type of scheme as a warning to others contemplating something similar.”
Christenson also conceded that the chances of this happening are slim. On the other hand, people who praise the CEO of Tron Justin Sun start thinking if the moment passed for him to capitalize on the TikTok phenomenon.
Meanwhile, the latest cryptocurrencies news also show that Tron 4.0 is nearing, dubbed as “an era of the Great Voyager.” The launch of this new era began yesterday with the Global Release Online Conference.
Now, the main selling point as the CEO of Tron Justin Sun puts it, is centered around the implementation of a privacy feature named zk-SNARKs within the Tron smart contracts. The other features include faster block confirmation times, cross-chain functionalities, as well as enterprise-level customizable solutions for business customers.
Even though TRX has been moving up and down lately, the price of the coin is stable and within a steady upward channel since mid-March. Currently, TRX is trading at $0.0177 with a 2% increase on the day.
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