Maybe around two days, I happened to see FTT price at around $22 in CMC...and now it is just $2.74 with bigger chance that it can continue to plummet as more and more holders scrambled to get some value out of this disaster. Sadly, this FTX story pushed the whole crypto industry to another bear trap with Bitcoin now floating in the $1600 level and Ethereum at $1100 zone.
There seems to be a big panic in crypto and all of us can be asking the question: What really happened and what are the things we can expect in the next few days and months ahead as 2022 is closing its remaining days and 2023 is about to enter into the scene.
(https://pbs.twimg.com/media/FhLwelAacAIOxU4?format=png&name=small)
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRf4W3iPtITaLagkSrJn0yKE55z2fB3HwRZvhd44uaeN5FaDMbNTU0mhid1LDr7GeOyiBE&usqp=CAU
Maybe around two days, I happened to see FTT price at around $22 in CMC...and now it is just $2.74 with bigger chance that it can continue to plummet as more and more holders scrambled to get some value out of this disaster. Sadly, this FTX story pushed the whole crypto industry to another bear trap with Bitcoin now floating in the $1600 level and Ethereum at $1100 zone.
There seems to be a big panic in crypto and all of us can be asking the question: What really happened and what are the things we can expect in the next few days and months ahead as 2022 is closing its remaining days and 2023 is about to enter into the scene.
(https://pbs.twimg.com/media/FhLwelAacAIOxU4?format=png&name=small)
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRf4W3iPtITaLagkSrJn0yKE55z2fB3HwRZvhd44uaeN5FaDMbNTU0mhid1LDr7GeOyiBE&usqp=CAU
Honestly speaking, there are a lot of cryptocurrency holders got shocked by what happened in this FTT, I think that the fall in the value of the market probably also affected the dropping of the value of Bitcoin, which was also followed by most of the top altcoins in the market as well. But I think that those affected by FTX in this industry will be able to recover in a few days or after one week.