People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News
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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 resulting from locked FTT tokens getting into circulation following the FTX chapter submitting.
Bankrupt Crypto Trade FTX’s FTT Token Still Trades Above $1
Whereas the FTX alternate collapse is a large number and the brand new FTX CEO mentioned prior FTX management was a “complete failure of corporate controls,” and it was “a complete absence of trustworthy financial information,” the alternate token FTT remains to be buying and selling for $1.48 per unit.
Although FTX filed for chapter, the coin is held by a couple of concentrated fingers, and the FTT Contract Deployer unlocked 192 million beforehand locked tokens it has not joined the record of lifeless crypto cash buying and selling for lower than a U.S. penny.
FTT/USD through Bitfinex on Nov. 18, 2022.
On the time of writing, FTT’s 24-hour worth 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 now 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 worth excessive on Sept. 9, 2021, FTT was ranked # 25 on coingecko.com and it had a $7.76 billion market valuation.
Crypto Proponents Are Still ‘Bullish’ About Crypto Cash Like CEL and FTT, One Social Media Put up Says FTT Will Still Develop 3 Days After FTX’s Bankruptcy Submitting
At the moment, FTT has a totally diluted valuation of round $485,397,611 and it has recorded round $16,060,367 in 24-hour international commerce quantity. In line with coingecko.com, “MEXC Global is currently the most active exchange” on Nov. 18, 2022.
MrRealWhale #FTT shall be EPIC COMEBACK
— 𝚂𝚎𝚊𝚗 𝙲𝚘𝚢𝚕𝚎 (@LeeElli91451919) November 17, 2022
Coinmarketcap.com says “Binance, Coinw, BTCEX, Bitrue, and Tapbit” are FTT’s most lively exchanges on Friday. Cryptoexamine.com metrics point out that essentially the most lively buying and selling platforms coping with FTT embody 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 had 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 example, celsius token (CEL) remains to be holding worth at $0.45 per unit regardless of the crypto lender Celsius collapsing. A number of oldsters discussing CEL on coinmarketcap.com’s (CMC) neighborhood posts are nonetheless “bullish” about CEL and nonetheless believe in it.
The identical will be mentioned for die-hard FTT token followers, as one CMC neighborhood publish says: “FTT token will grow [in the] next days, we believe they will resolve problems and will be bigger.” The CMC community post saying FTT will develop was appreciated by greater than 3,300 CMC neighborhood members.
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90% Down, Altcoins, Bankruptcy Backed Tokens, CEL Token, Celsius, Celsius chapter, coingecko.com, Coinmarketcap.com, crypto merchants, FTT, FTT Evaluation, FTT Markets, FTT Prices, FTT sell-off, FTT Token, FTT buying and selling, FTX Bankruptcy, FTX chapter submitting, FTX collapse, FTX fallout, Markets, Prices
What do you concentrate on FTT’s worth motion for the reason that FTX collapse and the individuals who nonetheless imagine FTT will make a comeback? Tell us what you concentrate on this topic within the feedback part beneath.
Jamie Redman
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