Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Tron (TRX) Founder Justin Sun Reveals Which Altcoins He Prefers!

Tron (TRX) Founder Justin Sun Reveals Which Altcoins He Prefers!

BitcoinsistemiBitcoinsistemi2024/11/01 22:55
By:Elif Azra Güven

Tron (TRX) founder Justin Sun revealed which altcoins he prefers.

Tron (TRX) founder Justin Sun, one of the most important names in the cryptocurrency industry, is widely talked about with his altcoin purchases and sales.

While the altcoins that Justin Sun chooses and invests in are closely followed by investors, Justin Sun explained which altcoins he prefers.

Which Altcoins Does He Prefer!

Speaking to Coindesk, Justin Sun said that he prefers dog-themed memecoins over cat-themed ones.

Making important statements, Justin Sun stated that he examines memecoin trends every day and that his exchange HTX also focuses on memecoins.

Justin Sun also added that memecoins are fairer than VC-backed tokens, with investors getting better memecoin returns on HTX than on Binance.

“HTX recently launched memecoins on its platform, and many of them have achieved huge returns of 100% or more. When you look at Binance, you see that the returns on listed coins are actually very low, even though Binance has a stricter listing strategy compared to HTX,” Sun said.

The Tron founder also added that major tokens listed on Binance and backed by venture capital firms have been performing disappointingly.

What Are Their Goals For 2025?

Finally, Justin Sun, who also announced his 2025 goals, said that their main priority for the end of this quarter is the development of USDD (Tron's stablecoin).

“Dai recently moved away from a decentralized model by switching to USDS. USDD aims to fill this gap as a decentralized stablecoin.

By the end of the year, we will be upgrading the USDD smart contract system, adding new functionality that will increase decentralization and make it a stablecoin option for everyone.

“In addition to the Chainlink collaboration, we will work with DeFi developers and big players like Aave. We will collaborate with developers to launch new projects for memecoin trading, including AI memes, at the end of this year and early next year.”

*This is not investment advice.

 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11