Justin Sun, the founder of crypto offering TRON (TRX), has weighed in on the Bitcoin (BTC) debacle. According to him, the crypto bear market may be over, but Bitcoin (BTC) price might trade in the tight range this year.
TRON (TRX) Price Today – TRX / USD
Sun: Bitcoin (BTC) to Trade Between $3,000 and $5,000 This Year
The TRON (TRX) chief while speaking to Huoxing24, declared that the crypto bear market was over. But he insisted that Bitcoin (BTC) will not see a fresh massive price breakout in three to five years. Sun, however, expects the leading crypto to fluctuate between the $3,000 and $5,000 price positions.
For Sun, this year will be a watershed period for digital currencies. He spoke of impending market breakthroughs. Also, he cited the improvements in the dApp ecosystem and the expansion of the lightning network. He believes they are key contributors to achieving an increased level of adoption for the technology.
Sun’s remarks came during the interview on the ‘Voice Your Love‘ charity event. Changpeng Zhao (‘CZ’), who serves as the CEO of Binance, chose not to offer any forecast for Bitcoin (BTC). Instead, CZ insisted that digital currencies are here to stay. According to him, the blockchain technology would affect the society on a global scale eventually.
Blockchain to Improve Transparency Among Charity Organizations
Concerning the Blockchain implementation, Zhao itemized some benefits of the decentralized technology for charity organizations. Aside from improved security, Blockchain technology could make accurate tracking of donations possible. This will cut down donor concerns regarding fund misappropriation.
Zhao also opines that Blockchain tech will help improve transparency in such organizations. Sun calls such a move another example of the Blockchain’s ability to affect the larger society positively.
Earlier in February this year, TRON (TRX) revealed that it would join the ALS Association. This would allow the company to advocate for people with the disease. The Blockchain outfit donated $250,000 for the course.
According to Sun, it is crucial that other digital tokens and Blockchain companies indulge in charitable activities globally. Speaking during the interview, Sun said such moves would help showcase how useful the technology can be outside the finance sector.
TRON’s $250,000 contribution to the ALS Association is not its first charitable donation. It should be recalled from an earlier report in October of 2018, that Sun donated $3 million to BCF. The Bitcoinist has also reported that Binance donates its listing fees to charitable courses.
Blockchain Education Will Facilitate Mainstream Adoption
While insisting that the Blockchain industry is ripe for decentralized technology disruption, Zhao maintains that effort is needed to educate people about the technology and how it works. Commenting on the matter, the Binance CEO said:
“On the road of exploration, we have encountered various challenges including how to allow uneducated villagers understand what the Blockchain concept is and how to create blocks in places without computers, mobile devices, internet connection and power.”
Zhao, also notes that the job isn’t as arduous on face value. He insisted that school teachers in rural areas in Africa now correctly understand the technology within a short period despite having no prior experience of the offering.