The article below is a submission and falls outside the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.
That crypto The market has taken another big hit after it was announced that Binance is buying another major crypto exchange. The FTX exchange was founded in 2019, but quickly became one of the major crypto exchanges with a turnover of $1 billion by 2021.
Many other companies in the crypto sector are investing in this relatively young crypto business, including Binance, for example. It was too Binance which triggered the drop in FTX price after they decided to sell the investment in the company and the FTX tokens they owned at the time.
This all followed after a balance sheet revealed that the company almost exclusively owned FTX tokens. Subsequently, a liquidity crisis occurred and many investors decided to exit FTX and also sell tokens of FTX.
Short Last Awakening
The FTX token (FTT) was worth around €25 for a long time, but plummeted to around €21 after the first news of liquidity problems and Binance’s move. Next came a tweet from Binance at 5pm about the purchase of FTX.
This most likely caused the last increase in the price of the FTT token. Only after the coin regained a few euros in price did the actual crash take place.
The coin fell to around €4.50 at its lowest point, losing around €2.5 billion in value in half a day. You might think that now is the time to buy the coin, but since Binance is taking over the entire platform, there is actually no function for the FTX token anymore.
The best cryptos to buy during the crypto dive
Like the Terra Luna crash earlier this year, the entire market has gone into another dive. Here, too, the news of the acquisition of Binance first led to an increase. For example, Bitcoin even went to €21,000 and then fell back to around €17,000.
There are still a number of crypto coins that you can buy now to make up for some of your loss. Below you will find the best cryptos to buy during this crypto dip.
1. Dash 2 Trade – Crypto Dashboard for Active Traders
An interesting crypto presale at the moment is that of Dash 2 Trading, a new platform with its own token. The platform offers a crypto dashboard with all the information traders need to make successful trades.
For example, you will find useful crypto signals on the platform so you know when to invest in a certain currency, but also technical indicators that you can use to predict the price.
You will also find an overview of all new crypto coins coming to market via a pre-sale or ICO at Dash 2 Trade. In addition to the overview, you will also see a score for each new project that Dash 2 Trade compiles based on on-chain analysis, social sentiment and other available data.
As a result, you will immediately know which new cryptocurrencies are worth investigating better and which cryptocurrency you should not look at. Since these new projects often have the best chance of making big profits, this can help you a lot with your portfolio.
The D2T token is currently available in a presale consisting of 9 different phases. The project has already raised more than $5.7 million and is approaching its fourth of nine phases.
With each new phase, the price of the token increases by a few percent, so you have the best chance of profit if you invest as soon as possible.
2. IMPT – Fight climate change through blockchain
In addition to the problems surrounding certain crypto coins, such as currently the FTX token and previously Terra Luna, the crypto world has another big problem. The energy consumption of coins like Bitcoin is a nuisance for many investors.
There are already many coins that therefore use a protocol that is as sustainable as possible as an alternative to mining, but crypto coin IMPT takes it a step further. They are developing a platform that is fully intended to combat climate change.
For example, they have brought the trading of carbon credits to the blockchain, making it easy for anyone to invest in these credits. Additionally, because tokens are made of them, you can also burn them.
This destroys the credits, so to speak, because you are sending them to an unreachable crypto address. In return, you will receive an NFT that you can save or trade on the IMPT marketplace.
Furthermore, IMPT allows you to shop online at brands such as Amazon, Microsoft and more. With every purchase you make through IMPT, you will be rewarded with IMPT tokens, which you can then exchange for carbon credits.
3. Calvaria – Play this tactical card game and earn money!
Finally, a new Play-to-Earn game has been released with its own cryptocurrency. Calvaria is a card game set in a multi-world universe that takes place after death.
The card game is similar to games like Magic: The Gathering or Hearthstone, where you have to play cards in turn. These cards show characters that have their own strengths, weaknesses and attacks.
As a result, you must constantly develop a tactic that also works against your opponent’s deck. If you do well and beat your opponents, you will receive a reward in RIA tokens.
These RIA tokens are now for sale on the Calvaria website. This pre-sale is also built up in different phases, but the pre-sale is already almost halfway through the pre-sale
The above article is a submission and falls outside the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.