Why Crypto Prices Crashing to Year Lows is a Buying Opportunity

The cryptocurrency market is trading in the red today. The global cryptocurrency market cap has fallen below $1 trillion, while Bitcoin is at $18K. Most altcoins are also plunging as the market reacts to the insolvency of the FTX exchange.

Crypto prices crash to yearly lows

The price of Bitcoin has crashed to around $18,150 after an 8.2% decline in the last 24 hours. The price of Ether has also dropped by 15% in the past 24 hours to trade at around $1260. All the ten largest cryptocurrencies by market cap are also trading in the red today, with the greatest loser in this list being Solana, which has plunged 35% over the past day.

Cryptocurrency prices are dropping today due to fear surrounding the insolvency of the FTX exchange. The CEO of FTX, Sam Bankman-Fried, issued a statement on November 8 saying that the exchange was dealing with “liquidity crunches” and it sought the help of Binance to clear out the withdrawal backlog.

The CEO of Binance, Changpeng Zhao, later said that Binance had entered into a non-binding agreement to acquire FTX. The woes surrounding FTX come after concerns about Alameda’s balance sheet and news that Binance would liquidate its FTT holdings.

Users that had funds on the FTX exchange have been unable to withdraw them because of the exchange’s liquidity problem after a “bank run.” The events are causing a plunge in the crypto market that has dealt with the closure of multiple crypto firms this year, including Celsius, Voyager, and Three Arrows Capital.

It is still unclear whether the Binance acquisition deal for FTX will go through. However, as the market waits to see how these events will unfold, selling pressure will likely persist, and prices will go lower.

Time to buy Dash 2 Trade

While the market is crashing, presales provide a haven because these tokens are yet to be listed in the free market. One of the best presales today is Dash 2 Trade (D2T).

The Dash 2 Trade presale entered the third stage after raising more than $5 million in just over two weeks. At the time of writing, the presale had raised $5.76 million.

Dash 2 Trade is an analytics and intelligence platform focused on giving crypto traders the best trading signals, predictions, and social trading tools to help them make informed investment decisions. This platform targets a vast pool of novice and expert traders.

The Dash 2 Trade platform will allow investors to remain at the top of their game by helping them to make winning trades. The objective of this platform is to support crypto traders by giving them insights into different metrics. Once it launches, it will also allow traders to access insightful data points affecting their profitability.

The Dash 2 Trade platform will also have a similar feature to social trading platforms where beginner traders can copy the strategies used by expert traders. The dashboard will also include the social sentiment surrounding the token.

The D2T token powers the Dash 2 Trade platform. D2T is an ERC-20 token with multiple use cases in the ecosystem. The D2T token will be used to access the Dash 2 Trade platform and the features offered therein.

Related

Dash 2 Trade - New Gate.io Listing

Our Rating

Dash 2 Trade
  • Also Listed on Bitmart, Changelly, LBank, Uniswap
  • Collaborative Trading Platform Token
  • Featured in Bitcoinist, Cointelegraph
  • Solid Proof Audited, CoinSniper KYC Verified
  • Trading Community of 70,000+ Members
Dash 2 Trade