Tron (TRX) Jumps 12% as Founder Justin Sun Announces Virtual Machine Launch

[oksgvardukraine2018]

Tron (TRX) Jumps 12% as Founder Justin Sun Announces Virtual Machine Launch

Tron on Monday appreciated 12 percent against the US Dollar to restest August high near $0.028.

The spike came hours after Justin Sun, CEO and Founder of the Tron Foundation, announced that their super representatives reached consensus to launch the Tron Committee Function and Tron Virtual Machine (TVM). TVM launch marks an important step towards the functionality of Tron network. It is expected to test and execute large-scale decentralized applications similar to that of Ethereum. The TVM launch also marks the introduction of its very own smart contracts, called Era.

TVM, according to Sun, will make the Tron blockchain 200 times faster than Ethereum, and 100 times cheaper than EOS.

Sun also appeared in a brief interview round with Investopedia, the leading financial news and education websites, in which he predicted that Tron would be among the top ten cryptocurrencies.

“If we look at the top 10 cryptocurrencies, many of them are not motivated to continue innovating or improving their product. They represent the older generation of cryptos. TRON, on the other hand, is a young company with cutting edge technology, with much more room for growth. We are confident that TRON will surge into top 10 in the next 6 months.” – he told Investopedia.
https://www.ccn.com/tron-trx-jumps-12-as-justin-sun-announces-virtual-machine/

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[raven7886]

These kinds of moves are usually over hyped  .

Whenever there is a big move like tron had the price goes up but than goes down however doesn't really go back down to what it was. For example tron could have went even more up but than go down to a bit higher than what it was before the news.

To take this what happened as an example it has went up 12% which is not really that big if you ask me and than it dropped to 3%-4% increases which is still an increase but not as much as it initially was. Same with bitcoin, it was around $3k than went to $20k and now at $6k, crypto currencies always go up and go down but go down still higher than initial price.

[ivanleon]

These kinds of moves are usually over hyped  .

Whenever there is a big move like tron had the price goes up but than goes down however doesn't really go back down to what it was. For example tron could have went even more up but than go down to a bit higher than what it was before the news.

To take this what happened as an example it has went up 12% which is not really that big if you ask me and than it dropped to 3%-4% increases which is still an increase but not as much as it initially was. Same with bitcoin, it was around $3k than went to $20k and now at $6k, crypto currencies always go up and go down but go down still higher than initial price.

It is clear that such statements only temporarily affect the price increase. I am interested in his statements. Perhaps it is TRX that can become a worthy competitor to Ethereum. Of course, at the time of such statements, I lost a lot of money in a panic at the beginning of this year was a powerful jump TRX. It was my first negative trading experience.

[BQ]

TVM, according to Sun, will make the Tron blockchain 200 times faster than Ethereum, and 100 times cheaper than EOS.

anyone can say whether this is true or not?
according to Sun doesn't mean much anymore, is there anyone who tested it/knows more about it? 
considering how many times he's made "huge announcements" which leads to absolutely nothing, I'm interested to see if this is something real for once.

[tamango]

I'm happy to be a TRON holder because I believe in the project and even if now it's had for every coins and project I'm quite confident that TRON is one of few project that will become stronger after crysis will pass.