Well, now, ain’t that a sight? Cryptocurrency prices decided to take a nap last week, even with the world’s drama and the US throwing around some fancy inflation numbers.
Bitcoin (BTC), the ol’ reliable, stayed put under $100,000, while some young whippersnappers like Mantra (OM) and PancakeSwap (CAKE) decided to have a hoedown.
The bigwig catalyst for these digital gold nuggets? The Federal Reserve’s minutes comin’ up on Wednesday. Should be a real page-turner, folks!
This week, keep your peepers peeled for FTX Token (FTT), Tapswap, and Pi Network. 🕵️♂️
FTX Token’s Big Payday Circus
FTX Token’s gonna be the talk of the town as the FTX Estate starts slingin’ over $16 billion to its creditors.qualified folks who jumped through the right hoops get their dough starting Monday. BitGo and Kraken are the sheriffs handin’ out the cash.
But oh, the FTX Token price is actin’ like a scaredy-cat, droppin’ from its high horse of $4.3855 to under $2.40. It’s dancin’ around the 50-day and 100-day Exponential Moving Averages like a nervous cowboy.
And watch out, partners, a bearish flag pattern’s wavin’, hintin’ at a potential retreat once the payouts hit the trail.
The crypto wranglers on X.com had plenty to hoot about FTT’s path.
CryptoBull, with its 32,000 followers, hollered to “keep an eye on [FTT].”
#FTT did a strong pump from the Descending triangle pattern formation in 4Hr TF, Expecting new highs if the trend could close above the depicted zone, Volume rising as good momentum, keep an eye on👀$FTT #FTTUSDT
— CryptoBull_360 (@CryptoBull_360) February 15, 2025
FTT, the trusty utility token for tradin’ fee discounts, collateral for derivatives, and joinin’ stakin’ and buyback shindigs, was birthed in 2019 by Sam Bankman-Fried (SBF) and Gary Wang. FTT was dreamt up as
But lo and behold, by November 2022, FTX hit the skids after a mess of financial mismanagement and misuse of customer funds, endin’ up in bankruptcy court. The FTT token took a tumble from around $25 to almost nothin’, tied tight to FTX’s solvency.
Bankman-Fried got his just deserts, convicted of fraud and sentenced to 25 years in the clink.
Tapswap’s Wild Ride
Tapswap’s another critter to watch this week as it kicks off its token generation event or airdrop on Monday.
This airdrop was supposed to be on February 14, but the developers hit the brakes again. They blamed Telegram’s new rule that all mini games in its ecosystem should use the TON Blockchain.
Tapswap was aimin’ to use the Binance Smart Chain, which is bigger, faster, and more popular than TON.
Tapswap’s tryin’ to stand out from other tap-to-earn games like Hamster Kombat (HMSTR), Notcoin (NOT) and Catizen (CATI) that took a nosedive after their airdrop. Besides its tap-to-earn game, it’s workin’ on a skills game, which might give TAPS some real use. But hold onto your hats, there’s a risk the Tapswap price could take a tumble like many recent airdrops.
Pi Network’s Grand Debut
Pi Network, the old-timer of the tap-to-earn bunch, is also one to watch this week as it
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2025-02-16 14:55