Regardless of the latest collapse and the alternate submitting for chapter safety, crypto merchants are nonetheless paying greater than a U.S. greenback for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was as soon as a top-30 crypto asset, and now the token has no rank on particular coin market aggregation websites attributable to locked FTT tokens coming into circulation following the FTX chapter submitting.
Bankrupt Crypto Trade FTX’s FTT Token Nonetheless Trades Above $1
Whereas the FTX alternate collapse is a large number and the brand new FTX CEO mentioned prior FTX management was a “full failure of company controls,” and it was “an entire absence of reliable monetary info,” the alternate token FTT continues to be buying and selling for $1.48 per unit.
Although FTX filed for chapter, the coin is held by a number of concentrated arms, and the FTT Contract Deployer unlocked 192 million beforehand locked tokens it has not joined the checklist of lifeless crypto cash buying and selling for lower than a U.S. penny.
FTT/USD by way of Bitfinex on Nov. 18, 2022.
On the time of writing, FTT’s 24-hour value vary has been between $1.46 per unit to $1.62 per FTT. The coin misplaced roughly 93.9% over the last 14 days and due to the Contract Deployer incident, it’s not ranked on coingecko.com.
On coinmarketcap.com, nevertheless, it ranks # 209 on Nov. 18, 2022, out of 21,790 listed crypto cash. After hitting its all-time value excessive on Sept. 9, 2021, FTT was ranked # 25 on coingecko.com and it had a $7.76 billion market valuation.
Crypto Proponents Are Nonetheless ‘Bullish’ About Crypto Cash Like CEL and FTT, One Social Media Submit Says FTT Will Nonetheless Develop Three Days After FTX’s Chapter Submitting
As we speak, FTT has a completely diluted valuation of round $485,397,611 and it has recorded round $16,060,367 in 24-hour world commerce quantity. Based on coingecko.com, “MEXC World is at present probably the most energetic alternate” on Nov. 18, 2022.
MrRealWhale #FTT will likely be EPIC COMEBACK
— 𝚂𝚎𝚊𝚗 𝙲𝚘𝚢𝚕𝚎 (@LeeElli91451919) November 17, 2022
Coinmarketcap.com says “Binance, Coinw, BTCEX, Bitrue, and Tapbit” are FTT’s most energetic exchanges on Friday. Cryptocompare.com metrics point out that probably the most energetic buying and selling platforms coping with FTT embrace Binance, Bitfinex, Huobi, Gate.io, and Bibox.
Statistics from cryptocompare.com additional present FTT’s largest buying and selling pair on Friday is the stablecoin BUSD capturing 92.87% of FTT swaps, whereas tether (USDT) instructions 6.90%. FTT joins a variety of tokens that have been as soon as managed or backed by now-bankrupt cryptocurrency companies.
tradingchik FTT coin. It’s gonna make a comeback.🚀🚀🚀
— Medusa World DAO | Minting Q3 (@HannahD20653479) November 14, 2022
As an illustration, celsius token (CEL) continues to be holding worth at $0.45 per unit regardless of the crypto lender Celsius collapsing. Various of us discussing CEL on coinmarketcap.com’s (CMC) group posts are nonetheless “bullish” about CEL and nonetheless consider in it.
The identical could be mentioned for die-hard FTT token followers, as one CMC group publish says: “FTT token will develop [in the] subsequent days, we consider they’ll resolve issues and will likely be greater.” The CMC group publish saying FTT will develop was favored by greater than 3,300 CMC group members.
What do you concentrate on FTT’s value motion because the FTX collapse and the individuals who nonetheless consider FTT will make a comeback? Tell us what you concentrate on this topic in the feedback part under.
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