The current bear market has seen a shift of power. XRP overtook Ethereum to gain the second spot. And for a brief moment of time, Stellar overtook Bitcoin Cash, to become the 4th largest cryptocurrency in the world. Tron’s CEO and marketing expert, Justin Sun, was quick to attack Ethereum (again!) this time asking developers to shift to Tron blockchain.
According to Justin Sun,
“In bear market, #Ethereum developers should migrate your token to #TRON immediately.
- 0 transaction fee, no gas in #TRX.
- Compatible to #ETH, 0 migration cost.
- 2000 TPS.
- #TRON dex listing.
You can easily increase your token value 100% with High liquidity.”
In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX
— Justin Sun (@justinsuntron) November 26, 2018
On November 26th, Ethereum dropped below $100 reaching a low of $88. The price drop caused mass panic among Ethereum investors, who started mass selling. Some Ethereum investors took to Twitter to reduce fear among investors, arguing this is the best time to stock up on Ethereum.
2-digit $ETH is where u go fucken all-in.
Would be an easy 2-3x flip. Cant wait.
— Squeeze (@cryptoSqueeze) November 25, 2018
Currently Ethereum is trading at $118 and has a market capitalization of $2.5 Billion. The market is still bearish for the short term, but investors are bullish on Ethereum’s future.
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