{"id":357599,"date":"2022-11-14T17:51:31","date_gmt":"2022-11-14T22:51:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=357599"},"modified":"2022-11-14T17:51:47","modified_gmt":"2022-11-14T22:51:47","slug":"ftx-crash-sends-crypto-into-a-tailspin-here-are-3-coins-for-buying-the-dip-d2t-impt-ria","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ftx-crash-sends-crypto-into-a-tailspin-here-are-3-coins-for-buying-the-dip-d2t-impt-ria","title":{"rendered":"FTX Crash Sends Crypto Into A Tailspin – Here are 3 Coins for Buying the Dip (D2T, IMPT, RIA)"},"content":{"rendered":"

The crypto industry doesn\u2019t seem to catch a break in 2022. After a quite successful 2021, cryptos have been able to stand the test of time, however, the continuous pressure has led to many being sceptical. Although, not everything is as bad as it seems. As the aftershocks from the FTX<\/a> crash still go on to affect the crypto industries, there seem to be a few cryptocurrencies that are placing themselves quite well.<\/p>\n

Quite interestingly, most of these cryptocurrencies and crypto projects are the ones that are offering something unique, focusing on utility, and are able to provide an overall great user experience to their users and investors. Here are some of the cryptocurrencies<\/a> you can think of investing in during the current dip.<\/p>\n

What is FTX and What Happened to it?<\/b><\/h2>\n

Before its collapse, FTX used to be the fourth-largest crypto exchange in the world. Founded in 2019, the crypto exchange was at the helm of hosting some of the largest cryptocurrency transactions in size and volume.<\/p>\n

It was founded by Sam Bankman Fried and had gained a reputable status as one of the largest crypto exchanges which could be trusted by many. The rise of FTX took place during the post-pandemic bull phase of cryptocurrencies.<\/p>\n

Many reports are claiming to point towards liquidity issues that were being faced by FTX in the previous few months. There are speculations around the involvement of another firm that Sam Bankman-Fried started by the name of Alameda Research. However, the reports came out stating that Alameda\u2019s massive valuations were billions of FTT<\/a> tokens, which happen to be the native token of FTX.<\/p>\n

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Yes, this is part of it. https:\/\/t.co\/TnMSqRTutr<\/a><\/p>\n

— CZ \ud83d\udd36 BNB (@cz_binance) November 6, 2022<\/a><\/p><\/blockquote>\n