As the crypto market keeps on dropping further and Ethereum drops to about $100 level, Tron founder and CEO Justin Sun calls out ETH developers to migrate their token to Tron as it offers to them numerous benefits. Meanwhile, crypto trader and investor Crypto Squeeze says 2-digit ETH is where you go all in.
2-Digit ETH is where you “Go Fuckn all-in”
The world’s 2nd largest cryptocurrency has already lost its second place to XRP as per market cap. When it comes to prices, ETH is 91 percent down from its peak at about $1,400.
At the time of writing, Ethereum has been trading at $113 with 24-hours gains of 7.35 percent. However, yesterday it took a serious drop in tandem with Bitcoin just like the majority of the crypto market and fell below $100 to 2 digits. With a market cap of $11.7 billion, it is currently managing the daily trading volume of $2.35 billion.
Ethereum November month price chart, Source: Coinmarketcap
According to the crypto trader, investor, and Venture Capitalist, Crypto Squeeze, this is the time to go all in as he Tweets,
2-digit $ETH is where u go fucken all-in.
Would be an easy 2-3x flip. Cant wait.
— Squeeze (@cryptoSqueeze) November 25, 2018
Meanwhile, Tron CEO, Justin Sun is calling out Ethereum developers on Twitter to shift to the Tron network which according to him would provide them with more advantages in comparison to Ethereum,
“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.”
Recently, Sun shared that despite the market being in deep red, Tron network is growing as it moves toward breaking the 2 million transactions per day record while stating that “DAPP is the future and TRON will decentralize the Internet.”
In today’s blood bath, we must remember that nothing has ever changed. #blockchain #bitcoin #DAPP is the future and #TRON will decentralize the Internet. Check out #TRON 6 month data, we haven’t seen such amazing increase before. Plz check after 2 years! #TRX $TRX pic.twitter.com/pK3S8pJB9e
— Justin Sun (@justinsuntron) November 25, 2018
At the time of writing, Tron has been trading at $0.0121 with 24-hours greens of 5.45 percent. The 11th largest cryptocurrency as per market cap of approximately $800 billion is managing the daily trading volume of $78 million.
Tron November month price chart, Source: Coinmarketcap