As prominent meme coins dip, Justin Sun announces his entry into the Memecoin Market

• Tron has become the new buzzword in the world of cryptocurrency.
• It provides developers with and allows them to design a wide variety of Dapps.
• In Tron, the blockchain gets a new block added every 3 seconds by the mechanism.

Tron (TRX)

Tron was created by Justin Sun in 2017. Originally, TRX was an ERC-20-based token that was underpinned by Ethereum, but it separated in 2018. 

It is a cryptocurrency and a blockchain on the software developed by the Tron Foundation. Tron cryptocurrency TRX blockchain enables other currencies and products with its smart contract and decentralized application features. Tron is a blockchain-based system through which decentralized applications can be created and share media content. 

The token is used to gain access to certain functional software features. Its primary purpose is for the use of Tron Network, which still holds a value and can be traded on exchanges that’s why it can be described as a virtual currency.   

Sun Announced through the tweet

Sun mentioned in his tweet on 11th May that his 3.4 million Twitter followers will trade the meme coins and “promising projects” through his public address. Also mentioned that he will bear all the losses from his future meme coin trades, and gives potential profits to charity. But he also warned the followers that he will trade just for the fun.  

He was studying the meme coins for some time and believes that they have tremendous potential for growth. 

The meme coins

Meme coins are a type of cryptocurrency, which were created on the basis of a popular internet meme. His announcement comes amid the latest meme coin craze which is led by the recent meteoric rise of the PEPE coin. 

The PEPE coin is inspired by the most popular internet meme”  which was launched in April. Which is a cryptocurrency that rapidly gained attention. Matt Furie created the legendary Pepe coin then the frog meme. He admitted a lack of knowledge about the pepe coin despite a token’s recent surge in popularity across the cryptocurrency which he mentioned in a tweet on May 9.   

About Tron(TRX) market news

Tron’s current price is $0.06901 USD, and in one week its price fell to -2.1%. The social dominance last week is the positive figure which is +2.2%. And the social engagement is +81.1% can be said as 123.16M. 

Value of the PEPE coin. 

PEPE has experienced a meteoric rise, which its value increasing by almost 5,000,000%.  In a recent report, the coin saw a spike of about 120% in a single day pushing the PEPE to become the third-highest meme coin.

PEPE coins have a change in one week is -37.9% and the current price is $0.000001920. Have social engagements of 577.46M. And social engagements at 4.62%.  

Justin Sun has got interested in trading, for which he has done a deep study. And has publicly announced that he will be trading in the Meme coins. But just for fun.