The Wall Street Journal reports that crypto-billionaire Justin Sun, creator of the TRON blockchain, is still considering a deal with FTX and has indicated that 'all options are still on the table.'
- Recall, reports of Sun's interest in the bankrupt Sam Bankman-Fried exchange had already surfaced and caused a huge premium in TRON's listing on the FTX;
- On November 11, 2022, Justin Sun, head of the Tron blockchain, announced a loan that would enable some FTX customers to safely withdraw capital from the exchange through Tron-related assets. At the time, FTX customers bought TRX en masse to help process withdrawals from the exchange.
Bitcoin returned above $16,000. Altcoins have seen the biggest increases: Polygon, Chainlink, Litceoin and Curvedao, which rose nearly 20%.
POLYGON chart, H1 interval. The Polygon cryptocurrency has climbed above the 50-session moving average (black line)). The nearest resistance levels are likely to be in the $0.85-$0.90 range where the 200-session moving average (red line) and the price levels from before the last decline, on November 20/21. Source: xStation5
