The post As TRON And Ripple See Daily Declines, Investors Move To Rollblock To Recoup Losses appeared on BitcoinEthereumNews.com.

The markets never go up forever, as Tron and Ripple investors have discovered this week. After an incredible run, both of these altcoins have come back to earth with a bump, leading many holders to rotate into the hugely disruptive Rollblock ($RBLK) presale, which experts are predicting will move 50x from its current presale discount. Tron ($TRON) Falls After Huge Pump Tron holders were in for a shock when they checked their portfolios recently, as Tron lost 15% in just 24 hours to reach $0.33. This is actually entirely to be expected, as Tron has been on an absolute tear recently, gaining more than 66% in a week and an astonishing 105% this month. Pullbacks are natural in a bull market, and Tron holders will likely consider this a ‘buy the dip’ opportunity. Tron recently made the headlines after its controversial founder Justin Sun spent more than $6 million on a banana artwork in Hong Kong. This publicity stunt has likely raised the profile of Tron among investors in the art world, which could well see Tron pump back above $0.43 by the end of December. Ripple ($XRP) Cools Off Following Historic Surge Ripple has also taken a tumble, losing 8% today to fall back to $2.39. A hefty 31% drop in Ripple trading volume was detected across exchanges recently, as only $26 billion of Ripple was traded in the last 24 hours. This is partly due to Bitcoin sucking all of the liquidity from the crypto markets, but also a natural consequence of Ripple’s historic monthly candle, which saw more than 360% added to the Ripple market cap in just 30 days. The launch of the dollar-backed RLUSD stablecoin has drawn many institutional investors to the Ripple chain, and a proposed change of leadership at the SEC has led…

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Filed under: News - @ December 7, 2024 7:23 pm