FTX Token (FFT) is getting it rough this week. The last few days have seen the token post one of the biggest price declines that crypto experts say will be a crash. In just 24 hours, by the end of Tuesday, FFT had plummeted 80%, which qualifies to be a crash.
During the same time, APTOS (APT) was plummeting, but Bitgert (BRISE) and Centcex (CENX) stood out as some of the most stable coins in the current bearish market. In fact, Bitgert and Centcex are posting an increase in the number of investors from big coins buying the coin.
FTX token has been struggling with the liquidity crunch for the last 72 hours as the number of withdrawals skyrocketed. In about three days, more than $6B worth of FFT was withdrawn, and this is what has caused a cascading effect.
The crash was triggered by a series of was triggered by Binance CEO news announcements on Twitter that the company would liquidate all its holdings on FTX. This news triggered massive selling pressure on the $FFT, where as of this writing, the coin had declined 76% in the last 24 hours.
However, the news about Binance buying FTX has somehow stabilized the coins, but it's still super volatile.
As of writing, APTOS (APT) had also declined by 25% in the past 24 hours. The new coin has been experiencing a downward trend since it launched on 19th October 2022. The crashing crypto market is definitely one of the reasons why APTOS (APT) is currently doing badly in the market today.
The decline is not unique to APTOS (APT) but what's worrying is the huge percentage this coin has declined at. In fact, this is a sign that APTOS is not growing competitive as projected. The product that the APTOS (APT) team is trying to build is not attracting a lot of attention. That's why it is plummeting.
The Bitgert (BRISE) and Centcex (CENX) tokens' performance has been good this week, and even today, they are some of the best-performing coins in the market. Though Bitgert (BRISE) has been super stable this morning, the Centcex (CENX) price is 3.5 % in the green as of writing for the past 24 hours.
This surge of the Centcex coin is due to its growing buying pressure. Bitgert (BRISE) is expected to do well today, and we might see it recover most of the declines posted yesterday. So Bitgert (BRISE) and Centcex (CENX) are some of the coins to watch today and this week.
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