FTX code between the upper cryptocurrencies to see this week
Current currency prices stabilized last week even with increased geopolitical risks and the United States published strong consumer inflation data.
Bitcoin (BTCIt remained less than $ 100,000, while some altcoins are like a talisman (Ohm(Pancakewap)cake) Rose.
The highest catalyst for most cryptocurrencies will be the Federal Reserve Lecturer scheduled for Wednesday. These minutes will provide more information about the last meeting and what can be expected later this year.
The upper encrypted currency that must be seen this week will be the FTX code (Ftt) Tapswap and PI Network.
FTX icon in focus with the start of payments
The FTX code will be in the spotlight this week like FTX ESTATE begins to distribute More than 16 billion dollars for its creditors. The qualified creditors who have completed the pre -distribution requirements will start on Monday. They will then get the payments within 1 to 3 companies. Bitgo and Kraken will deal with these distributions.
The price of the FTX code has been under pressure before these distributions, as it decreased from the highest level from the year to the date of $ 4.3855 to less than $ 2.40. It is also unified in the averages of liquid movement for 50 days and 100 days.
The pattern of the downtling science indicates a possible decline after the start of the distributions.
The encryption community on x.com had a lot to say about the FTT path.
Cryptobull told her 32,000 followers [FTT]”
FTT, a benefit icon for trading fees, guarantees for derivatives, and participation in Stoke and Beenback programs, was established in 2019 by Sam Bankman-Ried (SBF) and Gary Wang. Ftt K –
By November 2022, FTX collapsed after the financial mismanagement and misuse of customer money, which led to bankruptcy. The FTT code decreased from about $ 25 to zero near, as its value was deeply linked to the FTX dissolved.
Later convicted of fried banking, fraud and Heal To 25 years in prison.
Tapswap
Tapswap is another encrypted currency to see this week as it launches the symbolic generation or Airdrop event on Monday.
This was to be Airdrop on February 14, but the developers were late again. They cited the new Telegram base that all mini games on their ecosystem should be used TON Blockchain.
Tapswap was planning to use the Binance Smart series, which is the largest, faster and more popular than TON.
Tapswap sought to distinguish between others Click on earn Games like hamster kombat (Hmstr), Notcoin (no) And catizen (Katy) That decreased after Airdrop. In addition to the game to the Earn, it works on the skills game, which expects the taps to give the tool. However, there is a risk that the price of Tapswap will decrease as many recent air drops have done.
PI network
The Pi Network, Og in TAP-TO-EERN, will also be a higher encrypted currency to see this week while launching the open network or Mainnet on February 20. The launch of Mainnet comes about 6 years after its launch.
The PI network has achieved the three conditions for prior access. More than 10 million pioneers transported their symbols to Mainnet, while developers built 100 ready -made applications. Also, there was no major external factor hindering the launch.
The Mainnet will launch the PITEHERS network who mining the distinctive symbol for years to convert them into Fiat currencies. Its developers will also benefit because they will allow them to display their applications to a larger audience.
Pi Network aims to be a better encoded coin than Bitcoin by being easy to dispense with its ecosystem, and obtain low transaction fees.
https://crypto.news/app/uploads/2024/04/crypto-news-Regulating-CEXs-wont-stop-bad-actors-lessons-from-the-FTX-trial-option04.webp
