Justin Sun expressed, I believe cryptos in 2017 more like the Internet bubble 2020. Cryptos in 2021 is about fundamentals. If you learn assets on TRON surpass $10 B, less than 3B valuation is not bubble at all.
This Justin Sun stated in response to someone who stated, watching the crypto trade, it’s exactly like the internet stock bubble. Exactly, I think BTC, ETH, a few others will be analogous to those that were built during the dot-com era, survived the bubble bursting and thrived, like AMZN, EBay, and Priceline. Many won’t.
Reinstatements apart, some of them have stated that Tron are doing all these projects if the return for investors are peanuts. Investors are looking for ROI. While investors are looking in to value, they are interested in seeing the value reflect in price.
Investors are worried about why TRX did not rise when BTC has done so much climbing in terms of price. Some feel that about 30% of TRON should be burnt and they feel that there is no need to have such a big supply.
This just looks like testing times for the entire cryptocurrency industry because investors are looking for some reasons for value claimed for a token and on its sustainability. And, more so ROI.
While all these are happening, Justin Sun have given a clarification that the difference between cryptos and stock is huge. He established that cryptos like BTC, ETH and TRX are resources. He also pointed to how it is important for users to spend them to use the network. Also, the network itself is public and permissionless. You can image IOS and Android for financial Infrastructure.
The latest TRON SCAN 14-day summary states that the total number of accounts on TRON has passed 1,463,224,211. Pretty visible that the ecosystem is growing at a steady pace.
One of the TRON supporters have stated that if you still store your USDT on Ethereum you‘re either stupid or ignorant, I can’t help myself but it’s the truth. For your own good, use the Tron blockchain for USDT transfers and free yourself from the ridiculous fees.
It just looks like all the blockchains are beginning to compete with one another. Technically, TRON is providing almost every kind of service that is already available on Ethereum. For instance, Justswap instead of Uniswap and it is also possible to move ETH on the Tron blockchain.
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A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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