The crypto market seems to be gaining bullish momentum, and has been on the rise for the last 6 days. If market sentiment is anything to go by, then this pump could hold, and possibly turn the overall trend bullish going into 2019. For instance, in the last 24-hours, Bitcoin (BTC)’s overall volumes have shot up by 20.2%, and its buy side volumes stand at 51.4%.
This is indicator that demand is high, and could play a role in driving up the entire crypto market in the near-term. If this bullish sentiment holds and FOMO buying grips the market, there are certain altcoins that stand to benefit the most. Two of them are Tron (TRX) and Electroneum (ETN). Here’s why.
In a bullish market, Tron is well-positioned to make significant gains relative to most altcoins. One of the factors supporting its potential to outperform is the marketing capabilities of Justin Sun. Justin Sun is an integral part to the growth of the Tron ecosystem. Through his social media page, he constantly keeps the community on edge with big announcements about potential partnerships, as well as other key achievements for Tron (TRX).
While his aggressive marketing moves haven’t improved Tron’s price in the 2018 bear run, they sure did play a role in making Tron one of the biggest crypto gainers in 2017 when bulls were in control. As such, if the Bull Run gains momentum, Tron (TRX) would emerge as one of the biggest gainers just like it did in 2017. That’s because, Justin Sun’s efforts, including major announcements, would now be backed by positive sentiment. Marketing is powerful in driving demand, and the Tron team, headed by Justin Sun have mastered it, which creates the groundwork for FOMO in a bull market.
Electroneum (ETN) is another crypto that stands to benefit immensely from a sustained Bull Run. On top of having some solid fundamentals backing it up, the Electroneum (ETN) team is very coordinated in its marketing. The community is also very active in pushing ETN in the market. Evidence to the strength of Electroneum in marketing is the strong showing of Electroneum in the run up to the introduction of the KYC feature.
While this feature in itself is powerful, the powerful marketing efforts of the ETN team did play a role in driving up demand. These coordinated marketing efforts of the Electroneum (ETN) team will play a major role in creating buying pressure around Electroneum (ETN) if this pump ends up being the early stages of a new bull market. Through aggressive marketing, Electroneum would draw in new investors looking for massive gains, from a crypto that they can easily mine with their smartphones, and one that allows them to make instant payments.
Marketing is as good for crypto as are the tech, and Tron (TRX), and Electroneum (ETN) have proven over time that they have efficient marketing. Interestingly, these two have emerged as the biggest gainers in the last one week, an indicator of things to come.