In his well-known signature fashion, Justin Sun is a rather active member of the Twitter social network taking care that the community is well informed, all through a “healthy dose of hype.”
This is how Sun announced partnering with a “multibillion-dollar giant for the first time”, announcing the mystery partnership within his regular post on Twitter, tackling the community to guess the name of the mystery partner weighing billions of dollars in market capitalization.
The hype probably contributes to the fact that soon afterward after numerous guesses on who could be behind the mystery partnership, TRON surpassed ETH in the daily trading volumes for the first time.
The good news distributed across social media by the founder and CEO of TRON, Justin Sun, don’t stop there as the foundation had an interesting visit from Oracle, hinting that something big might be cooking behind the scenes.
Although TRX is barely climbing by 1% with the latest massive spike in the market, here are some potential price pump factors mentioned in the last week that could affect the value of TRX for better in the long run.
TRON Foundation to Commence Their Partnership with Chinese Multibillion Giant
Primary tackling the curiosity of the TRON community, Justin Sun announced during the last week, on Friday 12th of October that TRON foundation will be partnering with a multi-billion company for the first time ever inviting the community to guess what company is at stake.
Later on, we have found out, after many unsuccessful guesses, that the mystery partnership behind the induced hype on the behalf of Sun was actually the Chinese multibillion giant, Baidu.
Although no statements were made further from the point of causing the hype with the last Friday’s tweet, the community came to the bottom of the announced partnership finding out that Baidu is in fact behind the mystery partnership.
TRON foundation confirmed the allegations several days ago on October 18th, stating that the end goal of the partnerships would be their end goal.
Since Baidu represents one of the biggest companies in China, also representing a massive cloud computing service, TRON has amazing chances of acquiring some serious price boosts in the long run.
Oracle Blockchain Meets TRON Foundation in San Francisco
It seems that the partnership with the giant such as Chinese Baidu could be one of many to come for TRX in the following weeks or months since Justin Sun once again shared an important announcement regarding TRON foundation and Oracle blockchain meeting.
The CEO of the 11th largest crypto announced in a post on Twitter that Oracle is visiting TRON foundation on October 20th in TRX headquarters in San Francisco. As stated in the post the teams discussed tokenization, smart contracts, as well as partnership opportunities.
The announcement alone could push TRON above the resistance of its current price of 0.024$, helping it to grow in the long run.
Smart Contract Deployment in Increase with Tron Virtual Machine
Another potential price boost factor that could push TRON to the predicted heights, in the long run, is the fact that already 90 smart contracts have been deployed on the TRON mainnet only a week after the mainnet was launched with the official Declaration of Independence for Tronics and TRX.
It is said that with Tron Virtual Machine, these numbers are increasing, which might place TRON at a higher ranking in the long run if more developers decide to go for TVM as an alternative for their Dapps.
In addition, TRON foundation claims that there are already half million registered users on TRON mainnet and that the number of users is increasing at the pace of having 100,000 new users being registered each month.
TRON Trading Charts All in “Green”
Even though TRX suffered from a mass decline that took over -90% of the total value of cryptocurrencies, losing -89% since reaching its all-time high of 0.25$, TRX is trading in the green on daily, hourly, weekly, and monthly charts.
In addition, Sun announced on Twitter that surpassed Ethereum (ETH) in daily trading volumes for the first time.