FTX

FTT, the native coin of the FTX exchange, had been performing poorly and had dropped by more than 94% since the FTX exchange crisis began. The dips, however, appear to be fading, as all cryptocurrencies, including FTT coin, have been bolstered by the cryptocurrency market’s recent resurgence. The cryptocurrency market has managed to remain above the $800 billion mark.

FTT Price & Tokenomics

The current FTX Token price is $1.35, with a trading volume of $15,298,193 for the day. Yesterday, the price of FTX tokens increased by over 5%. FTX is now ranked #209 on the market, with a live market value of $442 million. The circulating supply of FTT coins is 328,895,112, with a total supply of 352,170,015 FTT coins available.

FTT Chart

FTT Price Chart – Source: Tradingview

The former exchange giant has begun a strategic review of its global assets, according to the most recent FTX data. The goal of the evaluation is to maximize recoverable value for stakeholders. On November 11, FTX filed for Chapter 11 bankruptcy. The exchange is now being investigated for allegedly misappropriating client funds. FTX and its affiliated companies want to protect stakeholders from further losses by declaring bankruptcy.

Furthermore, Sam Bankman-Fried, the discredited founder of the trading firm Alameda Research and the now-defunct crypto exchange FTX, apologized to colleagues in a letter detailing a $9 billion drop in “collateral” from $60 billion.

“I didn’t mean for any of this to happen, and I would give anything to be able to go back and do things over again,” he wrote in a message to employees obtained by Bloomberg News.

Recovering Cryptocurrency Market

The global crypto market was able to halt its previous bearish rally and breathed a sigh of relief above the $800 billion mark. Bitcoin (BTC), the world’s largest and most well-known cryptocurrency, initially fell below $16,000 and was under pressure from the ongoing crypto crisis, which was triggered by the shocking failure of cryptocurrency exchange FTX. However, the drops were brief, as Bitcoin began to recover and increased by roughly 4% in recent hours.

Along with BTC, Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) all saw modest gains. If bullish trends continue, some of the most prominent cryptocurrencies may regain lost ground and break through their resistance levels. As a result, the recovering crypto market, which increased by 2.5%, has benefited the FTX Token (FTT) Coin.

Declining US Dollar

Another factor that may have aided the FTX Token (FTT) was the weaker US dollar. Prior to the release of the closely watched minutes from the Federal Reserve’s most recent policy meeting, the US dollar had a mixed bag of gains and losses. Because of the large rate hike, the dollar has generally strengthened against all other major currencies this year.

Recent inflation readings that were lower than expected, however, have caused investors to lower their expectations for further rate hikes. Lastly, the US FOMC meeting minutes also signaled chances of a slower rate hike sentiment.

Despite the US dollar’s weakness, the overall trading bias for FTT remains bearish; however, there are few alternative coins to consider. Let us investigate.

Dash 2 Trade (D2T)

Dash 2 Trade is a research and analytics platform that provides crypto investors with features such as a high-quality trading engine and signals.

This platform, which aspires to be the “Bloomberg terminal of crypto,” ensures that users can refine their trading positions and make sound investment decisions. Users can gain access to trading competitions and other features that can help them make money.

Dash 2 Trade users can use the D2T asset to pay for platform services; the Starter tier costs 400 D2T, and the Premium tier costs 1,000 D2T. The crypto asset is currently available for presale, with over $6.9 million raised.

Following the presale, D2T will be listed on LBank and BitMart, and we anticipate a significant asset price increase.

RobotEra (TARO)

With the metaverse remaining a significant business opportunity, RobotEra aspires to be the dominant force in this field. RobotEra is a metaverse platform that allows players to build their own worlds. Avatars and assets such as land and buildings can be purchased in the universe.

Players own their purchased properties and can sell them for profit because the game uses non-fungible tokens (NFTs).

There’s also a communal metaverse option where players can participate in activities like concerts, sports, and more. The platform’s native token, TARO, is currently on presale and has raised more than $193,000.

Calvaria (RIA)

Calvaria: Duels of Eternity’s native token is RIA. In an afterlife-themed virtual world, players can buy NFT trading cards in this fledgling blockchain gaming project. The goal is to build a deck that can defeat opposing players and battles them directly.

RIA is the platform’s native token in Calvaria. It allows players to buy NFTs from the game’s in-app marketplace, but it also has intrinsic value as a proof-of-stake (PoS) coin. This means that holders can stake the asset to gain access to more units and participate in game governance via the game’s Decentralized Autonomous Organization (DAO).

Calvarias developers also hold regular competitions and other initiatives in which members of the community can win prizes and money.

RIA is currently available for pre-sale for $0.025. The asset has raised more than $1.9 million and is nearing the end of the fourth stage of its presale.

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