TRON Wakes Up, Now At $0.22 As Bulls Gain Momentum

The latest Tron news show us that the cryptocurrency has managed to wake up and is now in the altcoin news for being one of the top performers in the top 20. Even though its gains are minor today, Tron wakes up and trades at $0.22 which is good considering the fact that its founder called the cryptocurrency a “shitcoin” last week.

This was a time when Tron made headlines for the wrong reasons after the digital currency podcast host, Peter McCormack told his 75,000 Twitter followers his opinion about the Tron protocol. As per the report, McCormack can be heard calling Tron a shitcoin.

As inflammatory as the comments sounded at the time, McCormack was echoing a similar opinion which was originally shared by the founder of Tron, Justin Sun. Sun was in the Tron news a couple of days ago after McCormack (the podcast host) posted a video where they sit together in a makeshift interview during an unknown event.

As Tron wakes up, traders don’t forget the fact that the founder of Tron was asked about the validity of his protocol – and Sun gave an answer labeling the coin a “shitcoin” and laughing along with the host after he said that. At the start of the 30 seconds video, Sun can also be heard saying:

“Buy my shitcoin.”

The video sparked plenty of controversy and outrage in the Tron crypto community and the cryptocurrency news on Twitter. However, the backlash now shows that Tron wakes up after it and is posting gains even though cryptocurrencies are very vulnerable to statements like these.

However, McCormack ended everything by repeating Sun’s words and firing back – in what many see as a marketing strategy to give Tron’s token more popularity and spur an influx into Tron’s coffers. Some traders even thought that this was pubic promotion of the podcast that McCormack is hosting.

“Tron is a shitcoin. Justin is not coming to the show. He hasn’t leased me a private jet. He has admitted on camera that his protocol is shit. The goal has been achieved,” was the original Twitter post by the podcast host.

Today, the Tron news show that TRX jumped above $0.2200 and is safe at this point after trading at a new high against the US dollar at $0.2370. Tron wakes up and there is a major contracting triangle forming with resistance near $0.2200 on the 4-hour chart. If the trend sustains, we can see clearing the $0.2370 levels again.