- Justin Sun believes that the crypto bull run is not over.
- Sun predicts that the crypto market will have recovered by July/ August.
- Several coins are showing bullish signs which could indicate a market recovery.
My personal opinion about current market. This is not investment advice: The bull market is certainly not over. We are in the period of the adjustment of bull market. June will build a steady trend. July and August will certainly start a new round of bull market.
— Justin Sun 🅣🌞 (@justinsuntron) May 24, 2021
Notably, Sun included a disclaimer in the post highlighting that these were his thoughts and not investment advice. However, some users still disregarded the disclaimer. One such user @GuillermoJoya00 responded,
Thank you Justin for confirmation the BULL RUN is going to keep going !!!!
— Guillermo Joya🟩 (@GuillermoJoya00) May 24, 2021
In addition, a significant number of replies made reference to an ongoing joke that the TRON CEO triggered the market meltdown. Users playfully implored the cryptopreneur not to trigger another dip.
Though in Sun’s case the request might be a joke, many crypto fans hold another popular crypto personality responsible for the crypto slump. Billionaire businessman and investor Elon Musk has earned the ire of many investors. This is because some investors believe Musk’s critical Bitcoin comments triggered the market crash.
In fact, some Musk anti-fans launched a new crypto called $STOPELON. The new crypto managed to surge over 1,000% in spite of the prevailing market conditions.
Notably, the entire crypto market capitalization fell below $1, 5 trillion with a $180 billion bleed out yesterday alone. However, the market is already showing signs of recovery. For instance, Helium price has surged almost 30% in the last 24 hours.
Other cryptos showing bullish signs include TRON, Cardano, VeChain, DOGE, Ethereum, and Bitcoin.