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Tron CEO to Announce Partnership with ‘Hundred Billion USD Megacorporation’ Next Week

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Sat, 10/26/2019 - 09:15
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  • As China announces a warm welcome to blockchain companies, Justin Sun promises to announce a mega important partnership for Tron, some believe it is Samsung

Cover image via www.forbes.com
Contents

The Tron CEO Justin Sun stays loyal to himself and makes another announcement of an announcement. However, recently he changed his SMM tactics, offering his Twitter followers to take a guess at what company the new partnership will be this time.

In his recent tweet, Justin Sun promises that next week Tron will strike a partnership with a ‘hundred billion USD megacorporation’.

Community hopes Sun aims at Samsung

Earlier, U.Today reported that Justin Sun promised a highly important Tron partnership to be announced at the end of October when replying to a question of a fan. Back then, many assumed the new partner would be the South Korean electronics giant Samsung.

Now, some of Tron supporters and investors, including the CCO of BeatzCoin, Misha Lederman, believe the ‘hundred billion USD megacorporation’ is Samsung.

Some disagree, though.

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China’s blockchain embracement should be good for Tron and Binance

On Thursday, October 25, the head of the Chinese Communist Party, Xi Jinping, announced that China must take advantage of all the opportunities that the blockchain technology can provide.

Many took it as excellent news for all Chinese DLT companies – NEO, Tron, VChain – including the Binance exchange that moved from Hong Kong to Malta, as far as way as it could from the blockchain-welcoming but crypto-hating China.

Now, Binance’s CZ hopes the situation will change and perhaps believes that Binance will be in for some benefits from the Chinese government.

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Tron market stance

At press time, TRX is exchanging hands at $0.0168, having surged by almost 10 percent overnight, following the unexpected BTC price rise by over 30 percent. However, after the surge, the Bitcoin rate began to diminish.

Tron and Bitcoin price surge
Image via CoinMarketCap

 

What is your idea of the Tron’s new partner to be announced next week? Feel free to give us your best guess in the comments section below!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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  • The Bitcoin (BTC) price has an infinitesimal chance of reaching a new all-time high, according to options market data

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The coronavirus crisis might be the perfect storm for Bitcoin (BTC), but options traders believe that it will fail to make a ripple.      

The price of the flagship cryptocurrency has a tiny four percent chance of surpassing its current all-time high of $20,000 by Dec. 25, according to cryptocurrency derivatives data provider Skew.

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Bitcoin's third halving is expected to happen on May 13, which is why many bulls expect the BTC price to skyrocket in 2020. However, an overwhelming majority of options traders think that BTC is going to trade below $10,000 in December, meaning that the leading cryptocurrency is not every likely to reach a new yearly high. 

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The halving might be 'overrated' 

Bitcoin's mining reward cuts have been historically connected to its massive rallies. However, there is also plenty of skeptics who think that another bull run is not going to happen this time. 

As reported by U.Today, trading veteran Peter Brandt called the halving 'grossly overrated' since it results only in a 'chump change' of Bitcoin's supply.   

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Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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