FTX Token Price Prediction - Will FTT Go to $0 Like Luna? Traders Buying These Coins Instead
Binance is buying FTX and the market has been thrown into turmoil as traders try to make sense of what it all means for crypto.
For those with funds on FTX, many will be wondering whether Sam Bankman-Fried's commitment to honour assets 1:1 and that its "assets are fine" will be worth the tweet it was written in.
FTT, the native coin of the FTX exchange, initially looked like it was attempting a recovery from a 32% fall earlier in the day. But that didn't last. Within an hour of CZ – Changpeng Zhao – posting the news on Twitter that Binance was acquiring the rival exchange, the price turned south.
At the time of writing, FTT is priced at $3.55, down 84% on the day.
Could FTT do a Terra Luna and go to Zero? Yes
Such is the selling pressure, as the run on the exchange is compounded by selling of the token across all exchanges, the likelihood of the coin losing all of its value is rising. FTT could "do a Terra Luna" and go to zero.
Even by the standards of crypto, trading has been a rollercoaster ride today.
Such is the footprint of FTX and the Alameda trading house that stands behind it, its implosion will reshape the entire industry.
Even though the BNB price has also fallen along with the rest of the market, the Binance exchange is likely to emerge as the big winner. Already the largest exchange globally, Binance will now tower over all other competitors.
Adding to crypto's trauma is the nervousness in equities today against the background of the US midterm elections and US CPI inflation data due out on Thursday.
Checkout these 3 coins that traders are buying now for 10x returns
Not surprisingly perhaps, traders are either exiting the market, going short, or looking for less risky trades.
But as Warren Buffett has famously said, when other are fearful, that's the time to be greedy.
And if you are looking for market-beating returns it is in the presale sector that the alpha is to be found – you just need to know where to look.
At times like this then, there are plenty of opportunities to be found in the presale market, and three coins catch the eye.
Dash 2 Trade - built by traders for traders
Top of the list is Dash 2 Trade. This project is building what it describes as a Bloomberg Terminal for crypto.
Conducting due diligence and research in a market as fast-moving as crypto is a challenge, so bringing professional level tools and metrics to the retail investor is something to be applauded. That's exactly what Dash 2 Trade is doing.
The project has sprung out of the Learn 2 Trade community of 70,000 traders of stocks, FX and crypto. The ecosystem, and the dashboard at the center of it, has been build by traders for traders.
In addition to backtesting, auto-trading, social sentiment analysis and social trading, the system has a unique rating system for taking the hard work out of assessing presale tokens.
Dash 2 trade recently announced that it already has in place a listing on the LBank centralized exchange for when the presale ends – a strong vote of confidence in the team of traders, quants and devs behind the project.
The D2T token is currently priced at $0.0513, but the presale is split up into 10 stages of escalating prices, so investors need to move fast to catch the lowest prices. The presale has raised $5.7 million to date and is in stage 3.
IMPT - Revolutionizing the carbon offset industry
A second coin to consider. has the great advantage of playing into the ESG theme. The project is IMPT.io, and it has made it its mission to make carbon offsetting easy.
IMPT.io is putting together an affiliate shopping program to allow eco-minded consumers to buy from retailers in its network and they in turn will donate a portion of the amount spent to green project.
In addition, the project has built a marketplace for retiring carbon credits by "burning" the tokenized version of the credits on the blockchain. The credits can also be kept as an investment and traded. Those who choose to burn, receive in return a collectible NFT artwork.
So if the energy-intensive nature of bitcoin mining is a turn off for you, why not add some IMPT to your crypto portfolio and securing outsized profits and help fight climate change in the process.
Among the retailers already in its shopping network are Amazon, Macy's, River Island, Microsoft, Bloomingdales, Samsung and thousands more.
Such is the interest in the project, Kucoin exchange has already inked a deal to list the coin when it comes out of presale.
The IMPT presale has raised $12.5 million so far and the token currently priced at $0.023.
Calvaria could be the next game to take crypto by storm
The third token that should be on the radar of savvy investors and traders is Calvaria.
Calvaria is a play-to-earn epic fantasy battle card game but it is doing things a little differently from the other offerings out there.
First off, unlike other similar games such as Splinterlands and Gods Unchained, its characters are 3D, it has a story mode and you can play without connecting a crypto wallet.
Also helping it to get traction will be the fact that it has a mobile app and free to play mechanics so that those not familiar with gaming in the crypto world can get involved with minimum fuss.
We think Calvaria could be the hottest crypto game of 2023 so it make sense to get some early exposure.
The project has raised $1.6 million and its RIA token is selling fast. The RIA token is currently priced at $0.025 and the presale is in stage 4 of its 10 stages, with a target raise of $9,750,000.