This weekend has been one of the best in recent history in terms of crypto asset performance. Bitcoin\u2019s epic rally to retouch five figures has given its brethren a boost but there appears to be a pattern emerging. Chinese crypto assets are leading the way resulting in speculation that the red dragon may have just ignited another altseason.<\/p>\n
Most altcoins have remained on the floor this year. A brief move in summer renewed hope that an altseason may be about to begin again but that was quashed when all gains evaporated over the past few months.<\/p>\n
Only a tiny handful of altcoins have made serious progress this year, the majority are still over 80% down from their all-time highs.<\/p>\n
As Bitcoin got a major boost late last week from the Chinese president, crypto asset markets increased by 25%, or over $50 billion<\/a> in just a day or two. Many of those low lying altcoins started to surge and Chinese ones were leading the pack as the fomo builds.<\/p>\n Tron has been explosive over the past day with a 30% surge to reach $0.021 or 215 satoshis. Daily volume is almost $2 billion which has push market capitalization up to $1.9 billion. Chinese entrepreneur and project CEO Justin Sun has been a marketing machine and he didn\u2019t miss the opportunity to post that TRX was now a top ten crypto asset again.<\/p>\n Back to TOP 10. #TRON<\/a> #TRX<\/a> $TRX<\/a> $BTT<\/a> pic.twitter.com\/kTMIof3PIT<\/a><\/p>\n — H.E. Justin Sun \u5b59\u5b87\u6668 (@justinsuntron) October 28, 2019<\/a><\/p><\/blockquote>\n\n