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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Tron and Justin Jumble, Baidu Disappointment, Liverpool FC Deny Deal

Dalmas Ngetich
Dalmas Ngetich
1 year ago
2 mins read

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  • Tron (TRX) retesting Jan 13-14 lows
  • Liverpool FC crash Sun’s expectations

Tron and Justin Sun are good at marketing, but their claims for partnership with Liverpool FC were untrue after the club’s spokesperson denial of such an arrangement. Good news is Tron (TRX) prices are stable above 2.1 cents meaning there is a window for higher highs towards 3.1 cents or 4 cents.

Tron Price Analysis

Fundamentals

To rival Ethereum and outdo competitors, then Tron honchos must do everything to onboard established firms. The easiest way of doing so is through partnerships, mergers or even outright acquisition. Tron, despite all the marketing blunders and denials, is pretty successful at this. Even so, back in 2018 Tron Foundation and Justin Sun did mislead investors into believing that they had a partnership with Baidu, China’s equivalent of Google. That wasn’t the case after CNLedger’s clarification:

“The partnership’ between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. ‘The two parties have made no contact at the blockchain business level.’ According to the ODaily, recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud to ensure compatibility and optimize development experience.”

Now, it seems Justin Sun have eggs on the face after Liverpool FC vehemently denied his hyped “invitation for a partnership.”

Thank you for the unique and innovative invitation, Liverpool! I am impressed and I'm looking forward to exploring this #TRON new partnership together! @LFC #TRX $TRX #BTT $BTT 😇🤝 pic.twitter.com/7RhFw7QVbX

— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 24, 2019

After much fanfare, an official from the football club had to pour cold water on the excitement, saying “Liverpool Football Club has does not have a partnership with Tron” and that they had sent out to information invitation to many companies to better understand their business.

Candlestick Arrangement

Tron TRX

While it may be a blip, Tron (TRX) is on recovery mode but out of the top-10. However, with a double bar bull reversal that would likely form the foundation of another rally recouping gains of early April, traders are optimistic.

Nonetheless, we shall adopt a cautious stand, and even if TRX is trading within a bullish breakout pattern against the USD and ranging, buyers have a chance as long as prices are above 2.1 cents or the lows of the double bar bull reversal pattern of Jan 13-14.

At the moment, we recommend patience until after there is are high volume up-thrusts above 2.7 cents. On a more conservative approach, risk-averse traders should load up when bulls edge past 3.1 cents.

Technical Indicators

In the meantime, Apr 25 bear bar is our reference bar. With high volumes, the path towards initiating longs will pan out if there is a full recovery, reversing these losses with volumes exceeding 13 million. Before then, patience is vital.

Charts courtesy of Trading View

 

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Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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