People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

Despite the caller illness and the speech filing for bankruptcy protection, crypto traders are inactive paying much than a U.S. dollar for FTX’s FTT token connected Friday, Nov. 18, 2022. FTT was erstwhile a top-30 crypto asset, and present the token has nary fertile connected circumstantial coin marketplace aggregation sites owed to locked FTT tokens entering circulation pursuing the FTX bankruptcy filing.

Bankrupt Crypto Exchange FTX’s FTT Token Still Trades Above $1

While the FTX speech illness is simply a messiness and the caller FTX CEO said anterior FTX enactment was a “complete nonaccomplishment of firm controls,” and it was “a implicit lack of trustworthy fiscal information,” the speech token FTT is inactive trading for $1.48 per unit.

Despite the information that FTX filed for bankruptcy, the coin is held by a fewer concentrated hands, and the FTT Contract Deployer unlocked 192 cardinal antecedently locked tokens it has not joined the database of dormant crypto coins trading for little than a U.S. penny.

FTT/USD via Bitfinex connected Nov. 18, 2022.

At the clip of writing, FTT’s 24-hour terms scope has been betwixt $1.46 per portion to $1.62 per FTT. The coin mislaid astir 93.9% during the past 14 days and due to the fact that of the Contract Deployer incident, it is nary longer ranked connected coingecko.com.

On coinmarketcap.com, however, it ranks # 209 connected Nov. 18, 2022, retired of 21,790 listed crypto coins. After hitting its all-time terms precocious connected Sept. 9, 2021, FTT was ranked # 25 connected coingecko.com and it had a $7.76 cardinal marketplace valuation.

Crypto Proponents Are Still ‘Bullish’ About Crypto Coins Like CEL and FTT, One Social Media Post Says FTT Will Still Grow 3 Days After FTX’s Bankruptcy Filing

Today, FTT has a afloat diluted valuation of astir $485,397,611 and it has recorded astir $16,060,367 successful 24-hour planetary commercialized volume. According to coingecko.com, “MEXC Global is presently the astir progressive exchange” connected Nov. 18, 2022.

MrRealWhale #FTT volition beryllium EPIC COMEBACK

— 𝚂𝚎𝚊𝚗 𝙲𝚘𝚢𝚕𝚎 (@LeeElli91451919) November 17, 2022

Coinmarketcap.com says “Binance, Coinw, BTCEX, Bitrue, and Tapbit” are FTT’s astir progressive exchanges connected Friday. Cryptocompare.com metrics bespeak that the astir progressive trading platforms dealing with FTT see Binance, Bitfinex, Huobi, Gate.io, and Bibox.

Statistics from cryptocompare.com further amusement FTT’s largest trading brace connected Friday is the stablecoin BUSD capturing 92.87% of FTT swaps, portion tether (USDT) commands 6.90%. FTT joins a wide scope of tokens that were erstwhile managed oregon backed by now-bankrupt cryptocurrency businesses.

tradingchik FTT coin. It’s gonna marque a comeback.🚀🚀🚀

— Medusa World DAO | Minting Q3 (@HannahD20653479) November 14, 2022

For instance, celsius token (CEL) is inactive holding worth astatine $0.45 per portion contempt the crypto lender Celsius collapsing. A number of folks discussing CEL connected coinmarketcap.com’s (CMC) assemblage posts are inactive “bullish” astir CEL and inactive believe successful it.

The aforesaid tin beryllium said for die-hard FTT token fans, arsenic 1 CMC assemblage station says: “FTT token volition turn [in the] adjacent days, we judge they volition resoluteness problems and volition beryllium bigger.” The CMC assemblage post saying FTT volition turn was liked by much than 3,300 CMC assemblage members.

What bash you deliberation astir FTT’s terms enactment since the FTX illness and the radical who inactive judge FTT volition marque a comeback? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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