Justin Sun Teams Up with Liverpool F.C. without LFC Knowing

  • Alex Morris
    📰 News

    Next time, you probably shouldn’t take everything Tron CEO posts on his Twitter feed at its face value      


Justin Sun Teams Up with Liverpool F.C. without LFC Knowing
Contents

<>Tron CEO Justin Sun got a lot of media attention after sharing existing news about joining forces with Liverpool F.C., the legendary Premier League club. However, it appears that the much-talked-about partnership never happened in the first place.

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What is Tron!?

According to Decrypt, LFC confirmed that there was never any Tron partnership on the table. In a tongue-in-cheek manner, the outlet claims that the club’s spokesperson had no idea about the company under discussion (Jack Dorsey can relate):

“Tron !?”  she repeated, bewildered such a thing could even exist.  

Apart from posting a promotional video with a high-flown caption, Sun failed to reveal any additional details about the (alleged) LFC tie-up. Nevertheless, the Twitter regular called it ‘an official partnership’, and many TRX holders were quick to assume that onboarding a major football club could give a lot of exposure to Tron and the crypto industry in general.

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The imminent backfire

In case you didn’t know, Kraken also scored a partnership with LFC (kind of). Kraken CEO Jesse Powell recently posted a screenshot of a typical spam email on Twitter, which claims that the exchange could build its brand with the help of LFC. It is very likely that Sun received a similar donation, but he either took it at face value or made (a very bad) attempt to turn it into a cheap publicity stunt. In any case, the ‘partnership’ will most likely backfire.

Cover image via twitter.com
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Trading Expert Predicts Enormous Gains for Ripple’s XRP Price


Trading Expert Predicts Enormous Gains for Ripple’s XRP Price
Contents

Ripple’s XRP could be on the cusp of another major price rally, according to trading expert Crypto Thies. Based on his technical analysis, the XRP price could witness “enormous gains” in the short-term.

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XRP takes a hit  

Piers Morgan’s catchphrase “One day you’re cock of the walk, the next you’re a feather duster” is very relatable to the cryptocurrency market. After stagnating for weeks, the price of XRP suddenly surged by more than 43 percent USD-wise on May 14-15 once Coinbase opened up trading in New York. XRP was the best-performing cryptocurrency in the top 10, but the rally didn’t last long.     

On May 17, XRP recorded an intraday low of $0.359 after its price tanked by more than 25 percent. All major altcoins collectively took a hammering on Friday after the Bitcoin price suddenly experienced a 20 percent drop, which was allegedly caused by market manipulations.

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A dicey situation

The blow was too hard for XRP to rebound. At the time of writing, it is trading at $0.369 after yet another 3.32 percent price decrease over the last 24 hours, according to CoinMarketCap data.  

Now, XRP is facing its make-it-or-break-it moment. If its price breaks below the $0.340 level, things could turn ugly for Ripple’s native token with its next downward target being significantly lower. Trading expert Peter Brandt earlier suggested that a huge price drop would be almost inevitable if that’s the case.

Cover image via u.today
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