Overnight, Justin Sun's tokens saw a massive surge. As of 8:34 am on December 4th, the daily gains of TRX and SUN both exceeded 50%. Additionally, TRX and HTX hit new highs, reaching a maximum of 0.4497 USDT and 0.000003596 USDT respectively. The SunPump ecosystem was also strong, with FOFAR surging over 100%, and MUNCAT and SUNCAT rising around 80%.
TRX=XRP?
It all started with a tweet from Justin Sun: "TRX, the next XRP."
As people were joking and speculating about this content, TRX's rise was similar to the previous XPR, setting a new high, reaching a maximum of 0.4497 USDT.
Justin Sun responded: "6 years have passed. I'm still here. Still BUIDLing. Everything has changed, but one thing hasn't: TRON is still a formidable competitor in the top 10 of the crypto market."
Crypto KOL MMCrypto wrote that TRX has broken a 7-year historical high, and deserves respect. This is one of the few cryptocurrencies that have outperformed Bitcoin over multiple cycles! He also said he would wait for a long-term entry opportunity.
Presto Research analyst Min Jung analyzed that (Korean) political events may have played a role in TRON's rise, but the rise is unlikely to be driven entirely by that event. It may also be part of a broader "Dino rotation" where traditional cryptocurrencies like XRP have been rising in the current market conditions.
0 ×Moon analysis said that as the token of the TRON public chain, TRX benefits from TRON's strong stablecoin foundation, so even if the ecosystem once seemed underdeveloped, it will continue to rise. At the same time, the empowerment of the Meme Season has given TRX the possibility of further upside.
He summarized that it is not difficult to find that the performance of Justin Sun's series is always the most stable, with the smallest declines in bear markets.
$HTX May Be the Next Wealth Code
Exchange platform tokens have always been a strong and stable sector. Although Justin Sun has never stopped making a splash and has a strong presence, $HTX has been relatively low-key and has not really entered the public eye, but it has quietly hit a new high these two days.
Data shows that this morning, $HTX reached a high of 0.000003596 US dollars, setting a new historical high. The token has risen nearly 350% since hitting a bottom of 0.0000008 US dollars in early August this year.
Why is $HTX worth watching? Crypto KOL Evans.eth analyzed three reasons:
1. Cancellation of $HTX subsidies, leading to perfect control of the circulating market cap.
The inflationary pressure of $HTX has been significantly reduced, the circulating supply has been tightened, and the supply-demand relationship has been further optimized. In the long run, this provides a solid foundation for the price increase of $HTX.
2. Connecting mining and finance, "one token, multiple mining", reducing operational difficulty.
The Huobi HTX ecosystem is fully connecting the barriers between mining and finance, and users only need to hold $HTX to enjoy the "one token, multiple mining" profit model. Higher returns and simpler operations!
This not only improves the capital utilization efficiency of users, but also enhances the actual use cases and attractiveness of $HTX. Just lock up $HTX and enjoy multiple returns!
3. Justin Sun is going to stir things up, and loyal fans have already eaten the meat.
Now in the early stage of the bull market, the Huobi HTX ecosystem will usher in an important turning point for capital inflows, and $HTX is undoubtedly the star player in this feast. Justin Sun has once again demonstrated his precise grasp of the market, and his every move can trigger huge market attention.
In addition, Evans.eth also said that by optimizing the user experience and lowering the operational threshold, $HTX is becoming the core force driving the development of the Huobi HTX ecosystem. The trend of large-scale capital inflows has already emerged, and directly holding $HTX may become the user's first choice. As the Huobi HTX ecosystem continues to improve, the use cases of $HTX will continue to expand. From payment, mining, and finance to more innovative scenarios, the value of $HTX will be further amplified in the closed-loop ecosystem.
He concluded that the performance of $HTX has already led other mainstream coins, becoming one of the wind vanes for the start of the bull market. In the future, $HTX is expected to become the focus of capital pursuit and usher in a new round of upward trend.
Bull Market Prices May Exceed Expectations, It's Just the Beginning
HTX and TRX have set new highs, and the founder of Australia's largest Chinese crypto community, Crypto Squirtle/Jeni Jun, commented that Justin Sun still has some tricks up his sleeve. Evans.eth also wrote that Justin Sun has never lied, he just hasn't reached the bull market yet.
As for the future direction of the bull market, Justin Sun revealed in a media interview that 2025 will be a big year, as the 4-year cycle of the crypto industry is very clear, and now it is superimposed with the election of Trump and friendly regulations. He also admitted that he would not predict prices, because prices sometimes exceed expectations.
Perhaps crypto users can look forward to what Justin Sun said on social media, that it's just the beginning.
