Wednesday, August 4

Tron (TRX) Founder Justin Sun Says The Bull Season Isn’t Over Yet

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Tron (TRX) founder Justin Sun has revealed that he believes the bull market is not over yet and that a new rally will begin in the next few months. However, a potential rally could be lower again, according to Sun.

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In an interview with Bloomberg, Sun explained that he believes a “price adjustment” will be made this month so that the market can continue to recover in both July and August. According to Sun, “the bull market is still there and we will continue to see developments in cryptocurrency.

A Fix Was Necessary

According to the founder of Tron, a correction was necessary after the bull rally. Sun, like Cardano (ADA) creator Charles Hoskinson, thinks investors shouldn’t expect 900% gains without a pullback.

Sun also said that China’s crackdown on cryptos will not be successful and the industry will continue to grow in China.

“Crypto will grow in China as in most countries. In China, people have a high interest in their business. Therefore, I don’t think China can intervene in crypto overnight.”

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