Cointime

Download App
iOS & Android

FTX Token Is Going to Zero but Experts Believe These Coins Will Pump Instead

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, several other coins offer opportunities for investors to make gains.

FTX Bankruptcy Sees FTT Plunge

The FTX market and the broader market have been 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 revelations, Binance CEO, Changpeng Zhao, confirmed that the exchange would 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 get out of FTT. In the same vein, FTX’s users began withdrawing funds from the exchange en masse.

This led to FTX’s inability to process 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. This move alone caused a massive selloff in the market - and FTT, the asset that started this whole debacle, was hit the hardest. It lost 77% of its value between Tuesday and Wednesday as the liquidations kept coming.

Things worsened yesterday when Binance backed out of its deal to buy FTX. Per reports, FTX had misrepresented the extent of its liabilities, and Binance’s top brass was worried that this takeover could be a bridge too far.

FTX appears to be on its own, with no saviors in sight. As a result, the cost of FTT has decreased.

Time to Consider High-Value Assets

The fallout from the FTX saga is still unfolding, and the market is most likely set to keep seeing its effects. However, this doesn’t necessarily mean that investors can’t make a profit. Several assets present massive profitability opportunities for investors looking to make gains.

Dash 2 Trade (D2T)

Dash 2 Trade is a crypto research and analytics platform that is committed to helping investors make money from the market. The platform offers several impressive tools, ranging from a trading application program interface (API) to a strategy builder for newbie investors.

As its native token, D2T allows Dash 2 Trade users to make payments for the platform’s services easily. It is currently available on presale, with over $5.5 million raised already. As the market continues to expand and new investors come in, Dash 2 Trade’s prospects continue to look brighter, as well as those of D2T. Buy D2T on Presale Now

RobotEra (TARO)

RobotEra is one of the newest presales in the market. The platform was built as a metaverse world-builder, where players can come in and own their avatars. With RobotEra, players can buy land, develop it, and explore the virtual world.

There are communal spaces where they can engage in multiple experiences. Players get to own everything they buy in RobotEra as the platform offers all properties as non-fungible tokens (NFTs).

Currently, TARO, RobotEra’s native token, is available on presale. The first stage of the presale just kicked off, but we expect it to see some impressive sales numbers in the coming days. There are several presale stages, so there are different profitability opportunities. Buy TARO on Presale.

Calvaria (RIA)

RIA is a crypto token that could be the next big thing in blockchain gaming.

With RIA, players can purchase NFT trading cards and build decks that compete against those of other players in Calvaria: Duels of Eternity. As expected, the objective is to win, and players can enjoy awesome rewards for their activity.

RIA will be used to facilitate NFT trades in Calvaria’s in-app marketplace. The asset can also be staked for more rewards while also offering governance through Calvaria’s decentralized autonomous organization (DAO).

After blitzing through the third stage of its presale, RIA is now unarguably one of the hottest presales. There are six presale stages to go, with the token’s price increasing by $0.005 in each stage. Buy RIA on Presale.

FTT
Comments

All Comments

Recommended for you

  • Morgan Stanley: The U.S. dollar will peak before the end of the year and enter a "bear market pattern" in 2025

    Morgan Stanley predicts that the strong US dollar will peak before the end of the year and then enter a "bearish market trend", slowly declining until 2025. The bank believes that due to the Bank of Japan's rate hikes and gradual easing actions by the Reserve Bank of Australia, the potential for the yen and Australian dollar to rise next year is the greatest.

  • Equation News calls out Binance for "insider trading": You are destroying the sentiment of the trading market

    On November 25th, Formula News reported that to those insider traders who participated in the listing of Binance perpetual contracts, please slow down when selling your chips next time. The WHY and CHEEMS crashes you caused resulted in a 100% negative return for everyone involved in the trade, and you are destroying the emotions of the trade. Earlier today, Binance announced the listing of 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts, which caused a short-term crash in WHY and CHEEMS and sparked intense discussion within the community.

  • Bitcoin price dip may spur buying spree in BNB, AVAX, NEAR and OKB

    Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?

  • Bitcoin may reach $180K by the end of 2025 — TYMIO founder

    The current CryptoQuant Bitcoin exchange reserve metric is roughly 2.5 million coins — the lowest level recorded during this market cycle.

  • ON–293: Yield

    Coverage on Convex Finance, Stake DAO, and Pendle

  • Comparing IBIT & CBOE to BTC Options on Deribit

    Since this week the crypto derivatives market offers various platforms for trading Bitcoin options, most notably the iShares Bitcoin Trust ETF (IBIT) options in the U.S. and the BTC options on Deribit and soon the ETF index options on CBOE.

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

  • Tether spokesperson: The relationship with Cantor is purely business, and the claim that Lutnick influenced regulatory actions is pure nonsense

     a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. Claims that Howard Lutnick's joining the transition team in some way implies an influence on regulatory actions are baseless."