Cryptocurrency ostensibly as an advisor to Huobi, but allegedly a secret owner TRON founder Justin Sun gave the names of the altcoins they will delist from the stock market.
As part of our efforts to protect the cryptocurrency industry and listen to the voice of the community, Huobi Global will launch on November 25, 2022. COVA, CVNX, CRO, DGD, ECO, EGS, GET, GSC, NCC, OGO, OCN, SRN, SSP, VVS, WND and of ZNT will stop trading.
It was noteworthy that Justin Sun said in his tweet that these steps were aimed at protecting the crypto money industry.
As part of our efforts to safeguard crypto industry and listen to the community’s voice, @HuobiGlobal will be leasing trading of COVA, CVNX, CRO, DGD, EKO, EGS, GET, GSC, NCC, OGO, OCN, SRN, SSP, VVS, WND and ZNT on November 25th, 2022. https://t.co/ MrEIsX2MxC
— HE Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 19, 2022
Justin Sun Recently Started Buying 1 Bitcoin Per Day
Bitcoin owner El Salvador President Nayib Bukele and Tron cryptocurrency network founder and Grenada ambassador Justin Sun decided to accumulate 1 BTC per day.
The strategy of buying Bitcoin on a schedule instead of buying Bitcoin in response to market movements is known as dollar cost averaging (DCA).
The advantage of dollar-cost averaging is that it removes the emotional component from the decision-making process and you pay less for investment over the long term than you would spend when timing the market in dollars.
Bukele and Sun’s decision to use the dollar-cost averaging strategy came with the threat that the recent collapse of Sam Bankman Fried’s cryptocurrency exchange FTX could prolong the crypto bear market. Analysts are worried that Bitcoin, which has lost 76% since hitting a record high of $69,000 a year ago, could fall as low as $13,000.
*Not investment advice.
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