Best Crypto to Buy Now 15 November – D2T, TWT, IMPT, QNT, RIA
The crypto markets remain in wait-and-see mode as investors come to grips with the collapse of FTX and the possivle.
The next few weeks could determine if a recovery will grace the year-end celebrations or should more bleeding be expected.
Binance has been at the center of the FTX debacle since the day the CEO Changpeng Zhao (CZ) made public the intent to liquidate the $580 million the exchange was holding in the FTT token. This announcement sent panic waves across the market, with investors rushing to withdraw their funds from FTX – culminating in a liquidity crunch.
FTX suspended withdrawals before starting bankruptcy proceedings under Chapter 11 of the United States Law. This means that no funds would come out of the troubled exchange, perhaps until investigations conclude.
On Tuesday Binance launched an industry recovery fund seeking "to reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis."
Following this announcement, the market jumped significantly, with Bitcoin trading above $17,000, while Ethereum hit a weekly high of $1,284. While CZ's move is a good gesture, it is not enough to repair the damage caused by FTX.
Nonetheless, investors can take advantage of crypto projects with solid fundamentals. Some of the tokens highlighted have their presales underway, while the rest could provide a gateway to significant gains in the short term. This article could be helpful to investors looking to diversify their portfolios.
Dash 2 Trade is an ERC-20 token powering upcoming crypto analytics and social trading platform, making it easy for investors to make informed decisions. Some of the key features on this platform
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