TRON founder Justin Sun, who is the advisor of the crypto money exchange Huobi but allegedly the secret owner, 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 COVA, CVNX, CRO, DGD, EKO, EGS, GET, GSC, NCC, OGO, OCN, SRN, SSP, VVS, WND, and WND on November 25, 2022. It will stop the trading of ZNT.”
It was noteworthy that Justin Sun said in his tweet that these steps were aimed at protecting the crypto money industry.
Bitcoin owner El Salvador President Nayib Bukele and Tron crypto money 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.