As the crypto market enjoys a breather this morning, most coins have stabilized from the sharp declines they have been experiencing in the last few days. FTX Token and APTOS (APT) are some of the coins in the green this morning despite the massive selloff they have registered in the last few days.
FTX Token (FFT) has been crashing this week and has lost 89% of its value over the last 7 days. On the other hand, APTOS (APT) is a newly launched coin and has also been declining this November. However, crypto experts are cautioning investors about these coins.
According to crypto analysts, FTX Token and APTOS (APT) will remain bearish in the next few days as long as the market outlook is bearish. They will be competing with Bitgert (BRISE), Centcex (CENX), and other mooning coins, which will make it difficult for them to attract investors. Here are more facts about these coins:
The FTX Token crash might have stabilized with the current breather, but the coin still looks bearish. There is so much sensitivity around this coin, and a simple move can make FFT go either way. The coin was green as of this writing, having increased 12% in the past 24 hours.
This is an indication that some whales might be coming back. However, FTX Token is still super volatile, and a slight plunge can trigger a massive selloff. Therefore, $FFT remains one of the most sensitive coins this week.
This is a coin that got launched in the third week of October and has not been doing well in the market. The coin just made a small pump in the first week of the launch and has ever since been plummeting. The price fell from $10.26 to $3.6.
However, APT has recovered 16% in the past 24 of this writing to reach $4.84. But for the APTOS (APT) to do well in the market, crypto analysts say that it must beat Bitgert (BRISE) and Centcex (CENX) competition.
A good number of FTX holders joined Bitgert (BRISE) and Centcex (CENX) when this coin started crashing. The number is still growing. The Bitgert and Centcex teams are also building superior crypto projects than APTOS (APT). Crypto analysts also rank CENX and BRISE as the most promising coins this year.
Therefore, $FFT and $APT biggest threats are Bitgert (BRISE) and Centcex (CENX). They will need to beat these coins' competition to remain relevant.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.