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Each day, the value of the FTX token, FTT, decreases. And, as more information about FTX becomes available, the digital asset appears to be on its way to $0. Nonetheless, many other coins offer investors opportunities to make profits.
FTX bankruptcy sees FTT dip
The FTX market and the broader market are experiencing a whirlwind week. An investigation into financial impropriety at Alameda Research, a quantitative trading firm founded by former FTX boss Sam Bankman-Fried, rocked the market’s second-largest exchange.
Following the disclosure, Binance CEO Changpeng Zhao confirmed that the exchange will liquidate all of its holdings in FTT. While Zhao had committed to a lengthy liquidation process, his tweet set off a fire sale as investors scrambled to exit FTT. Similarly, users of FTX began to withdraw funds from the exchange en masse.
This led to an inability to process FTX withdrawals and a liquidity crisis that immediately bankrupted the company. Eventually, the exchange had to turn to Binance for help.
On Tuesday, Zhao confirmed that Binance had signed a non-binding letter of intent to acquire FTX’s international business. The move alone caused a massive sell-off in the market – and FTT, the property that started this complete debacle, was the hardest-hit. It lost 77% of its value between Tuesday and Wednesday as liquidations kept coming.
Things got worse yesterday when Binance withdrew from its deal to buy FTX. To reportsFTX had misrepresented the extent of its liabilities, and top Binance executives were concerned that this acquisition could be a bridge too far.
It appears that FTX is on its own, with no savior in sight. As a result, the cost of FTT has come down.
The asset is trading at $3.11, down from $31.51 in the last 24 hours.
Time to consider high-value properties
The fallout of the FTX saga is still unfolding, and the market is most likely to see its effects. However, this does not mean that investors cannot make a profit. Many properties present massive profitability opportunities for investors looking to make a profit.
Dash 2 Trade (D2T)
dash 2 trade is a crypto research and analysis platform committed to helping investors make money from the market. The platform offers a number of impressive tools, ranging from a trading application program interface (API) to a strategy builder for novice investors.
As its native token, D2T Dash 2Trade allows users to easily pay for the platform’s services. It is currently available on presale, having already raised over $5.5 million. As the market continues to expand and new investors arrive, the prospects for Dash 2 Trade, as well as for D2T, look bright. Buy D2T on presale now
Robot Age (Tarot)
robot age One of the latest pre sales in the market. The platform was built as a metaverse world-builder where players can come and take on their avatars. With RobotEra, players can buy land, develop it and explore the virtual world.
There are communal spaces where they can engage in many experiences. Players own whatever they buy in RobotEra as the platform offers all assets as non-fungible tokens (NFTs).
Currently, Tarot, RobotEra’s Native TokenAvailable on pre-sale. The first phase of the presale has just started, but we expect it to see some impressive sales numbers in the coming days. There are multiple presale stages, so there are different profitability opportunities. Buy Tarot on Presale.
Calvaria (RIA)
RIA is a crypto token that could be the next big thing in blockchain gaming.
With RIA, players can buy NFT trading cards and build decks that compete against other players. Calvaria: Duels of Eternity, As expected, the objective is to win, and players can enjoy great rewards for their activity.
The RIA will be used to facilitate NFT trades in Calvaria’s in-app marketplace. Assets can also be staked for greater rewards, offering governance through Calvaria’s Decentralized Autonomous Organization (DAO).
After banging through the third phase of its presales, RIA is now undeniably one of the hottest presales around. There are six pre-sale phases to go, with each phase increasing the price of the token by $0.005. Buy RIA on presale.
