A Night of Gains! All Tokens Tied to Justin Sun Surged, $HTX Could Be the Next Big Coin
Release: 2024/12/09 21:24 Reading: 402
Overnight, all tokens associated with Justin Sun experienced a significant surge in value. By 00:34 (UTC) on December 4, both $TRX and $SUN had increased in value by over 50% within 24 hours. Notably, $TRX and $HTX set new all-time highs, reaching 0.4497 USDT and 0.000003596 USDT, respectively. The SunPump ecosystem performed exceptionally well, with $FOFAR skyrocketing by over 100% and $MUNCAT and $SUNCAT both posting gains of approximately 80%.
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TRX Comparison to XRP:
Justin Sun's statement comparing $TRX to $XRP ignited speculation, leading to a surge in $TRX's price. Mirroring $XRP's historical surge, $TRX reached a new all-time high at 0.4497 USDT.
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Justin Sun subsequently tweeted, acknowledging the comparison and emphasizing TRON's continued relevance in the top 10 contenders. Crypto influencer MMCrypto lauded $TRX's record-breaking high despite the prevailing market conditions. Presto Research analyst Min Jung suggested that South Korean political events and the "Dino rotation" of legacy cryptocurrencies may have contributed to TRX's rise.
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According to 0×Moon's analysis, TRON's stablecoin reserves have supported $TRX's growth, even during periods of ecosystem immaturity. The ongoing memecoin season has provided additional fuel for $TRX's ascent. Furthermore, projects linked to Justin Sun have demonstrated stability and resilience during bear markets.
HTX as a Potential Contender:
Despite Justin Sun's high profile, $HTX has remained relatively under the radar. However, it recently reached its all-time high with minimal fanfare. Data indicates that $HTX peaked at $0.000003596 at 23:13 (UTC) on December 3, a 350% increase since its low in early August.
Crypto influencer Evans.eth identifies three key reasons for $HTX's potential:
- Controlled Circulating Market Cap: $HTX's supply reduction sets the stage for sustained price growth.
- Merge Mining and Multiple Rewards: HTX's ecosystem combines mining and earning features, offering higher returns with simplified processes.
- Justin Sun's Influence: Loyal followers anticipate major moves by Justin Sun, positioning $HTX to benefit from future market trends.
Evans.eth highlights that $HTX's focus on user experience and accessibility is driving its adoption within the HTX ecosystem. As use cases expand, $HTX's value is expected to strengthen. Moreover, it has outpaced other trending cryptos, signaling the onset of a new bull run.
Crypto Bull Market Outlook:
The strong performance of $HTX and $TRX has prompted Crypto Squirtle to acknowledge Justin Sun's strategic planning. Evans.eth asserts that the bull market is still in its early stages. Justin Sun predicts 2025 as a landmark year for the cryptocurrency industry, with favorable regulations and economic conditions supporting growth. He cautions against price predictions but encourages investors to capitalize on the current momentum.
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