These Coins Have Been Rallying During the FTX Crypto Crash – Here’s Why

Crypto Update
6 Min Read

- Advertisement -

cryptocurrency prices Fell amid reports of FTX’s bankruptcy, During the past week, cryptocurrency prices took a massive tumble following the news that FTX filed for bankruptcy. As a result, many crypto firms are now unsustainable, and widespread skepticism about the technology has been sown.

Sam Bankman-Fried, a cryptocurrency billionaire, went from industry hero to villain in the span of a week, losing most of his fortune when his $32 billion company went bankrupt and was under investigation by the SEC and DOJ.

Last week Mr Bankman-Empire Fried collapsed when a run on deposits left his crypto exchange, FTX, with an $8 billion shortfall, prompting the firm to file for bankruptcy. He was compared to financial tycoons such as John Pierpont Morgan and Warren Buffett.

Mr Bankman-Fried, 30, has not said much publicly in the past week other than a few tweets, comments to colleagues and random messages to reporters. Many regrets were expressed for the passing of FTX Interview He delivered on Sunday.

However, he was reluctant to elaborate on the most pressing issues surrounding him, including whether FTX diverted billions of dollars in client funds to run Alameda Research, a trading firm he co-founded. improperly used or not.

DOJ and SEC are both investigating the nature of that relationship. Mr Bankman-Fried said that Almeida had created a large “margin position” on FTX, which essentially meant it had borrowed money from the exchange.

As a result, the price of FTT has dropped by more than 93 percent in the past week.

FTT Price and Token Economics

The current FTX token price is $1.61, with a 24-hour trading volume of $137 million. The FTX token has gained more than 2% in the last 24 hours. CoinMarketCap is now ranked #209 with a live market cap of $529 million. There are 328,895,112 FTT coins in circulation and a maximum supply of 352,170,015 FTT coins.

FTT Price Chart – Source: Tradingview

3 coins to buy Deepa

Despite the ongoing fear, uncertainty and doubt (FUD) leading to a sharp drop in the crypto market, there are some coins on presale that may offer attractive opportunities.

Let’s take a look.

Dash 2 Trade (D2T)

D2T Presales The second phase is already sold out, is picking up $5.16 million In just two weeks. Dash2Trade is a concept developed by Learn2Trade, a hugely popular trading signals company, which will be launched in the first quarter of 2023. The platform aims to provide investors with market-driven insights to help them make informed decisions.

D2T also provides trading signals, social analytics and even market sentiment analysis to enhance the trading experience. According to the development team, dash 2 business Bloomberg wants to be the trading terminal for cryptocurrencies. The platform also includes automation and backtesting capabilities to automate trading processes and optimize all trading methods.

Dash2Trade includes a notification service that notifies investors about all new coin listings on centralized exchanges, giving them access to information that was previously only available to elite investors. With so much potential, it’s no surprise that D2T presale numbers have been phenomenal. Already, the digital currency has exceeded $6.2 million ($6,244,085).

Go to Dash 2 Trade Now

Calvaria (RIA)

calvaria, a new cryptocurrency gaming project, is set to take the industry by storm and become one of the top play-to-earn games on the market. Calvaria developers discovered two significant obstacles to the widespread adoption of Web3 gaming. While investors see the potential of Web3 games, players do not.

Pre-sales for Calvaria, which is already in Phase 4 of 10 and nearing the $1.7 million mark, continue to ramp up. Investors are attracted to the rapidly expanding GameFi project as the price of the native RIA token increases significantly with each pre-sale phase.

Each token is priced at $0.025 in Phase 4, but by Phase 5, the price has increased to $0.03, and in Phase 10 the price of the token is $0.055.

Visit Calvaria Presale Now

import

By putting carbon credits on the chain, IMPTOur team is making the world of carbon credits more efficient than ever.

The carbon credit system was previously extremely opaque; This only applied to businesses, and doing business with them was inefficient and antiquated.

Carbon credits can be traded as NFTs on the blockchain 24 hours a day, 7 days a week. According to Broadridge Financial Solutions, the carbon credits market will exceed $50 billion by 2030, while the ESG industry will exceed $30 trillion.

More than 25,000 businesses have already signed up for the IMPT shopping platform, including industry giants such as Microsoft, River Island, Amazon and Samsung. With this, the IMPT presale has now raised $12 million and is selling out quickly. The price of IMPT token has increased to $0.023 with each phase of the pre-sale.

Go on presale of IMPT now



Bitcoin Crypto Related Post

Share this Article
Leave a review

Leave a review

Your email address will not be published. Required fields are marked *

adbanner