Happycoin.club - The creator of the TRON (TRX) blockchain, Justin Sun, called for pumping the price of Ethereum in honor of the 10th anniversary of the launch of the digital asset network.
This year on July 30, ETH will turn 10 years old. In honor of this significant event, the Ethereum Foundation, which promotes cryptocurrency, will issue grants for events dedicated to Ethereum. Organizers of events will receive up to $500 as part of the ecosystem development support program.
In response to the message from the Ethereum Foundation, San wrote:
Ethereum celebrates its birthday on the same date as I do, so this day has special significance for me. I propose to increase the coin's price tenfold. Let's celebrate this anniversary together with ETH at $5,000.
Currently, the price of Ethereum is $1,763, so the cryptocurrency will need to increase by 184% to reach the target set by Justin of $5,000. Judging by the fact that this week the coin's price did not break through the bearish trend line that emerged in December 2024, it is still too early to talk about a market reversal.
Unsuccessful attempt to break through the resistance barrier of Ethereum's price
How San will pump the price of ETH is unknown, but it can be said for sure that his subordinates from the TRON startup will not put pressure on the asset's price by selling their coins. Furthermore, during the dump of Ethereum's price, Justin remained true to his word and continued to hodl his coins. Currently, he owns staking ETH worth $295.6 million.
