The cryptocurrency industry has been a place of various issues and discussions ever since its inception and that trend does not seem to be stopping anytime soon. Users have always been given the freedom to voice their concerns as well as provide remedies to make it better. The latest tweet, however, comes from a cryptocurrency professional who went all out in attacking one of its biggest competitors, Tron.
In a recent tweet, Jared Tate, the Founder of DigiByte Coin, stated that American regulators should not allow Binance America to function in the United States. The DigiByte official added that even if Binance America wanted to operate, it should do so keeping in mind the standard of the industry. His angry tweet came on the back of Justin Sun, the CEO of Tron Foundation, informing users that:
“#TRON(#TRX) is in the next batch of digital assets that are going through the evaluation for listing on http://Binance.US. @BinanceAmerica is a reliable & inclusive marketplace for everyday American users that discovers projects with true utility.”
Tate’s accusations on China started after the world’s most populous country had stated that it would consider venturing into the field of blockchain technology. This message was also carried by Chinese premier Xi Jinping as well as officials from the central bank of China.
Jared Tate’s tweet was also supported by other members of the cryptocurrency community with Block Capital Group lambasting Tron by tweeting:
“Get these guys out of crypto, can’t believe they went mainstream, they hold about the same standing as bitconnect in this space if you ask me.”
By December 10, Binance US had stated that apart from TRX, the CZ led organisation will also add tokens such as OMG, ONT, XEM and XTZ. Despite the positive response from the community, some members pointed out Tron’s shortcomings like the missed lunch with Warren Buffett.
But partners like 888Tron were happy that Tron was venturing into space because of the number of gambling users in the United States. The launch on a mainstream cryptocurrency exchange was seen as the boost required to propel the cryptocurrency and its price forward.
Usually, when such an announcement becomes public, it elevates the price of the coin, but the 13th placed Tron still saw troughs in the price charts. At press time, TRX was trading for $0.014 with a total market cap of $938.116 million. The cryptocurrency held a 24-hour market volume of $935.312 million after a 1.04 percent drop in the 24-hour time frame.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.