the global cryptocurrency market it is currently in a real massacre. The total market cap of cryptocurrencies has dropped more than 12% from yesterday and there is a drop of more than 13% in the market cap of DeFi cryptocurrencies. Bitcoin It fell more than 16%, breaking through the annual low seen in June and setting a new low at $ 17,114. Similarly, the TTF fell over 85% before recovering to trade above $ 2.70.
The dramatic action on cryptocurrency prices was caused by the recent FTX revelations, which admitted the exchange was aware of ashortage of money. In fact, the insolvency was so bad that CEO Sam Bankman-Fried approved the sale of FTX to cryptocurrency exchange Binance for a previously unknown amount.
Why are cryptocurrency prices going down today?
The sudden and unexpected Binance proposed acquisition of longtime rival cryptocurrency exchange FTX will add further volatility to the asset class. the Binance CEO Changpeng ‘CZ’ Zhaotweeted Tuesday that Binance has signed a “non-binding” letter of intent to purchase FTX entirely and that “FTX has requested our assistance” due to a liquidity constraint.
The transaction does not affect the operations of FTX in the United Statesand it is unclear whether the venture capital section of this platform will also be acquired. The Binance spokesperson did not immediately respond to a public request for an explanation. For his part, FTX declined to comment, referring to tweets from its CEO Sam Bankman.
Matt Lason of Fried, Chief Investment Officer of Globe 3 Capital, a digital asset oriented company, expressed concern that FTX needed support. The exchange played a pivotal role for Celsius and Voyager Digital, both of which have filed for bankruptcy.
In fact, for the investment director of Globe 3 Capital, the FTX situation is alarming. Recall that this summer it was the main platform to come to the rescue of the two cryptocurrency lenders Celsius and Voyager Digital.
Zhao remarked in a later tweet: “There is a lot to cover and it will take time.”
For its part, FTX did not see fit to release any further statements and its representative deferred all questions to the Twitter explanations of its CEO Sam Bankman.
Cryptocurrency prices are plummeting, but these 3 coins could go up 10x
This scenario of falling cryptocurrency prices has triggered a sense of panic and is expected to keep the cryptocurrency market low. However, it is observed that the new cryptocurrencies in presale have a high potential. Let’s take a look at the top three cryptocurrencies out there presale the most interesting.
Dash 2 Trade (D2T)
The second phase of the presale of D2T it just finished and allowed to collect $ 5.16 million in just over two weeks. Dash 2 Trade is an innovative concept, developed by Learn 2 Trade, a very popular trading signals company, and will be launched in the first quarter of 2023. The platform aims to provide investors with relevant and market-oriented information to help them make decisions inform.
D2T offers trading signals, social analysis and even market sentiment analysis to enhance the trading experience. According to his development team, Dash 2 Commerce aspires to become the “Bloomberg” of the cryptocurrency market, a kind of trading terminal. The platform also includes automation and reverse analysis capabilities to automate and optimize all trading operations.
Dash 2 Trade includes a notification service that notifies investors of all news cryptocurrency quotes on centralized trading platforms. This allows them to access information that was previously only available to the investor elite. With such potential, it’s no surprise that D2T’s presale numbers have been so phenomenal.
The crypto has already raised over $ 5,749,969 ($ 5.7 million).
Discover the Dash 2 Trade project in presale
Cranial vault is a brand new cryptocurrency game project that has the potential to become a market leader in play-to-earn games. Calvaria developers observed two significant obstacles to the widespread adoption of Web3 games. But as investors see the potential of Web3 games, users struggle to embrace them.
The Calvaria presale, planned in 10 phases, is already in phase 4 and is rapidly approaching the $ 1.6 million mark. Investors are flocking to this growing GameFi project as the native RIA token price increases dramatically with each stage of the presale.
The RIA token they cost $ 0.025 each in step 4, but in step 5 the price will go up to $ 0.03 and in step 10 of the presale they will cost $ 0.055.
Take part in the Calvaria presale
By combining carbon credits with blockchain technology, the‘team of’TAX tends to make the carbon credit market much more efficient than ever. This market was previously extremely opaque and concerned only businesses. Furthermore, the transactions between these companies and the carbon credits were inefficient and outdated. But now, thanks to the blockchain, carbon credits can be sold as NFTs 24/7.
According to Broadridge Financial Solutions, the carbon credit market is projected to exceed $ 50 billion by 2030 and the environmental protection market is expected to exceed $ 30 trillion. This is how over 25,000 companies have already joined the IMPT purchasing platform. These include industry heavyweights like Microsoft, River Island, Amazon, and Samsung.
The IMPT presale it has already raised $ 12 million and stocks are running out very quickly. The price of the IMPT token increased with each step of the presale until it reached $ 0.023.
Discover the IMPT project in advance