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GeorgeOnTV
Nov 11, 2023 12:46 AM

Is TRON leading the market? When will market crash? 

TRON / TetherUSBinance

Description

Tron has shown extreme relative strength in down market

Tron held up relatively very well. It fell less than ever bitcoin this bear market. That is a strong indication of relative demand. Important to keep in mind that not only was it relatively strong from a technical standpoint, fundamentally its users/fees was extremely relatively high. It looks like one of the biggest value plays in crypto and its moving as such.

Keep an eye on USDT for when market crashes

If USDT starts to drop then we can see cash being pulled out of the system rather than just cycling thru to either BTC or ETH (or TRX?) or TOTAL3. The rotation of capital is a nice cycle but it does always lead to eventually a net redemption of stablecoins as capital rotates out entirely to book profits and look to other markets (bonds/commodities/equities). Keep an eye on USDT for this moment!
Comments
CryptoCheck-
Awesome work George Mate
FieryTrading
Excellent job here, Thanks for sharing🔥
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