The crypto market is preparing for the next bullish rally by Tron founder Justin Sun. Sun pointed out that Bitcoin is difficult to predict, which makes it a bad coin to bet on. He believes that the Bitcoin bears will eventually leave the market, which will create a “warranty” for other coins to go up. He said: “I think the Bitcoin bears will eventually leave the market, and we are going to have a warranty to other coins to go up.”
Bitcoin has been on a roller coaster ride since it dropped below $10,000 in mid-December. Since then, it’s experienced a series of 75% gains and losses, and it seems to be stuck in a range. While traders like to buy low and sell high, some believe that this is a big buying opportunity in the making.
The market was in a bearish trend for the majority of last year, with prices continuously falling and no end in sight. However, this year has been quite different. Bitcoin, the largest and oldest cryptocurrency, has not only regrouped, but even went on to reach all-time highs. Crypto markets are now preparing for the next bull run, as is seen by the recent decline in altcoins.According to Justin Sun, founder of Tron (TRX), the cryptocurrency market is still alive and kicking and a further rise is imminent. The creator of Tron, a low-cost peer-to-peer digital content sharing network, understands the value of celebrity attention in the cryptocurrency world. Sun spoke at the annual CoinDesk Consensus 2021 conference, which brings together professionals and influencers from the cryptocurrency industry, global finance and more. Due to environmental, social and corporate governance (ESG) concerns, large companies are reluctant to include cryptocurrencies on their balance sheets. Less than 1% of global institutions have cryptocurrencies as an asset class, and miners will need to demonstrate that their coins are produced sustainably to reverse this trend.
Justin Sun’s take on the crypto-currency market
Sun predicted in an interview that there will be a price correction in June, before a recovery in the next two months. He says he believes June is just a price adjustment and that a bull market will emerge in July and August. I think the bull market will continue and we will continue to watch the performance of cryptocurrencies. San links Dogecoin (DOGE) to the shares of video game retailer Gamestop (GME), whose growth has been fueled by retailers defying experts, and explains that Dogecoin is what I believe in. I think this is consistent with the position of GME a quarter of a century ago. That’s why it’s the people’s crypto currency. They don’t care about Wall Street analysis of investment banks. They just want to make money based on their own decisions. Due to the decentralized nature of the sector, Sun believes China’s crackdown on cryptocurrencies will fail. I think the crypto-currency news in China is very important. However, I would like to stress that no single person or element has total power over the market. I have the impression that China is already trying to introduce stricter laws for cryptocurrencies. Nevertheless, cryptocurrencies will continue to spread in China, just like in most other countries, as cryptocurrencies in China are currently attracting a lot of interest from the local government and the professions of many people. So I don’t think China can abolish cryptocurrencies overnight, he added. The founder of Tron says the recent drop in the cryptocurrency market is just a necessary correction after the rise. I think the adjustment in the cryptocurrency market is mainly due to the fact that the market has been rising all year.Crypto Market Is Preparing For The Next Bullish Rally Says Tron Founder In the last couple of months, the cryptocurrency market has been in a bear market. If you had invested in Bitcoin, Ethereum, or any other popular cryptocurrency, it would have been a rough ride. However, a number of crypto projects have announced positive news and actions, and a few of their projects have gained more than 10% in the last thirty days.. Read more about ethereum 2015 reddit and let us know what you think.
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