By
Kseniia Klichova
April 19th, 2024
Justin Sun, the founder and CEO of Tron Foundation, has offered to help EOS and ETH developers in migration of their dApps to Tron.
It is not a secret that the entire cryptocurrency industry is experiencing rather hard times. EOS and Ethereum have faced with some difficulties as well. Nevertheless, it’s worth mentioning that even the most serious threat of collapse appeared as a result of bearish tendencies in the market doesn’t mean that there is no chance for recovery.
But there are always those who want to benefit from the crisis. For instance, Justin Sun, the Founder and CEO of Tron Foundation, has offered his assistance in rescuing rescue Ethereum and EOS developers from the collapse that, in his opinion, will happen on these networks.
Justin Sun vs Ethereum and EOS
Justin Sun is known for his not very friendly relations with one of the co-founders of Ethereum Vitalik Buterin. Moreover, at the current moment, Ethereum is the leading smart contract platform and the third largest cryptocurrency by market cap. That’s why Sun has always been viewing it as one of the main Tron’s competitor.
Nevertheless, now Sun expects to see a full collapse of ETH and EOS platforms and has decided to rescue developers working with these platforms. He has offered them an opportunity to migrate to the Tron network and has promised to create a fund for helping them.
It has been announced via his Twitter account.
#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX
— H.E. Justin Sun 孙宇晨 (@justinsuntron) December 7, 2018
Bearing in mind Sun’s strategies and tactics in social media, it is clear that such a move is just another attempt to attract public attention to his platform and to shape its image.
The tweet has achieved its goal and attracted users attention. But the reaction is rather controversial. “So you’re inviting us to jump from one sinking ship to another sinking ship? I am in. When do we jump sir?”, one user said.
Justin Sun and ETCDEV
But it is not the only Sun’s tweet that drew so much attention recently. He has invited for cooperation one of the Ethereum Classic’s development team known as ETCDEV (Ethereum Classic Development Company) after they announced their plans to shut down their work due to the difficult market conditions and lack of funds.
TRX, ETH and EOS Prices
Over the last few weeks, all three cryptocurrencies have experienced a significant loss of their values against the USD. TRX has lost nearly 44% within the last 30-day period. At the press time, it traded for$0.0134 with the trading volume of $62 228 237 within the last 24 hours and the market capitalization of $885 409 300.
ETH still manages to hold the position of the third largest crypto by market cap. Currently, having gained 1.53% over the last 24 hours, it is traded for $93.44. Its 24-hour trading volume is $1 854 675 620 while the market cap is $9 691 264 030. Within 30 days it has lost over 50%.
EOS has managed to gain more than 10% over the last 24-hour period and is traded for $2.01. Its trading volume is $922 348 857 and the market capitalization is $1 860 733 275.