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Tron (TRX) Becomes Top Gainer in 2019, Justin Sun Gets Over 4 Mln Facebook Followers

  • Yuri Molchan
    📰 News

    Tron takes off well in 2019, exceeding the other top-ten coins by overall growth as opposed to the coins that have been dropping


Tron (TRX) Becomes Top Gainer in 2019, Justin Sun Gets Over 4 Mln Facebook Followers
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Just one month of 2019 is behind, yet, Tron is already showing significant progress. As per data from WorldCoinIndex, TRX has shown an overall increase by 35 percent this year.


Rising where others are dropping

Judging by the same crypto reference platform, Bitcoin has dropped 9 percent, XRP lost 14 percent, Ethereum is 23 percent down. Both Stellar Lumens and Bitcoin Cash have depreciated by 29 percent overall in 2019, as well as Bitcoin Cash SV.

The BTT ICO that took place on Binance Launchpad recently and was over in 18 minutes due to a system glitch, claimed by Binance CEO CZ has helped Tron keep the focus of attention on itself.

Binance to launch another token sale

Presently, Binance is preparing for another sale of tokens on its Launchpad. The exchange is going to greenlight the sale of Fetch.Ai tokens in late February.

Fetch is a blockchain-based startup that provides businesses new methods to work with chains and consume energy.

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Tron’s Facebook community getting bigger

Meanwhile, the Tron Foundation tweets some more good news – today the number of Justin Sun’s followers on Facebook has exceeded 4 million people.

Justin Sun

 

Meanwhile, the number of Tron’s followers on Facebook is growing to reach 1 million. Currently it totals 926,202 subscribers.

 Tron’s followers

 

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It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst


It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst
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The fact that Bitcoin saw its price breaking above $5,000 at the beginning of April made everyone highly optimistic about the prospects of a full-fledged bull run. However, crypto bulls shouldn’t hold their breath since it could take decades for the number one currency to recover from its epic downfall.

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Bitcoin compared to other bubbles  

After comparing Bitcoin to other bubbles, UBS analyst Kevin Dennean came to a conclusion that BTC will most likely follow their lead, Business Insider reports.
However, here’s a catch – Bitcoin will have to undergo a long-lasting recovery, so it is not reasonable to expect another bull run in the nearest future. For comparison, it took the Dow Jones Industrials 22 years to reach its previous peak.   


‘We're struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are,’ Dennean claims.

Bitcoin compared to other bubbles  

Picture: ©FactSet

With that being said, it is still not guaranteed that a certain bubble retests its ATH even after decades since a big burst. Nikkei, despite reaching its 20-year highs in October 2017, was still 50 percent lower than its ATH that was recorded in 1989.

Nikkei

Picture: ©ATLAS

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When you lose, you win

During the peak of the crypto market, Bitcoin was frequently compared to the infamous tulip mania, but these two barely had anything in common (except for the horrible stability of value). Hence, it hardly makes sense to apply a certain pattern and expect Bitcoin to behave in a similar fashion to other bubbles.

Historically, enormous price crashes actually benefited Bitcoin. As reported by U.Today, Bitcoin trader recently noticed that the BTC price rise 5.1-16.89 times every 70+ percent plunge. Crypto bulls have every reason to expect a similar outcome this time around.

'Shadow of bull statue on texture tiles floor metaphor of bull market is coming for stock market or investment asset' image by 123rf.

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