Former IBM Technical Engineer — Taihao Fu Joined TRON: Price drops by 10%

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July 31, 2018 by
Former IBM Technical Engineer — Taihao Fu Joined TRON: Price drops by 10%

After IBM Technical Engineer, Taihao Fu joined as a technical staff in TRON[TRX] which is the largest operating system the price goes down by 10 percent.

From last week till today the market was a bit bearish. Within an hour there was a drop down in price of Ethereum by 5 percent. There has been a number of opinion regarding EOS selling out Ethereum. But people who are aware of the different strategies of market commented that it was a big whale cashing out.

Among the top 20 cryptocurrencies TRON [TRX] has shown a huge price drop. During the press time the TRON[TRX] was $0.064 to a token, the market cap was $4.2 billion which witnessed a huge drop i.e. by 10 percent in the last 24 hours. In the last week a drop by 20 percent was experienced.

According to the source, TRON is expecting to get a global team of 400 by the end of this year. They have a proposal that by the end of 2019, 1000 employees will be appointed which is beyond Ethereum’s team.

Taihao Fu recently said, “I believe TRON will do a good job. And I also hope to promote the development of the blockchain industry with the power of TRON.”

The current price drop of Tron[TRX] dropped due to ETH being dumped, as suspected by TRON holders. They also know it is a temporary problem and it will be resolved soon.

Deepak Sharma, a TRX investor says, “Justin is 26 and many have called him immature but what he has achieved is substantial. The team is growing, Main Net is here, Utorrent acquired, good news all around. Why won’t we touch the moon?”

A Reddit user commented saying, “More than 90% of TRX trade volume is on Binance. This makes it perfect for whales to manipulate price and ultimately feed on noobs -> noobs panic sell and lose money. Just have to wait and hope that trade volume of TRX will be spread throughout other exchanges in near future.”

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