🔗 After a dramatic collapse in 2022, the cryptocurrency exchange FTX is working on a recovery plan that could significantly impact the market. The company aims to erase $11 billion in debt, bringing hope to investors and users alike.
💡 Experts believe that the FTT token could see a significant price increase following FTX’s revival. Technical analyst Mags has already started buying FTT, despite acknowledging its speculative nature.
💥 It’s not just FTT that could get a second chance. USTC, Terra’s stablecoin, and LUNA, a crucial component of the Terra ecosystem, could also recover. FTX previously helped boost LUNA’s liquidity, and the connection between Alameda Research and Terraform Labs could play a key role in their revival.
📊 Will this spark a new momentum in the crypto market? Stay tuned!