The cryptocurrency market has not been very healthy for new and emerging crypto assets, but it has had an overwhelming share of drama. Recently, the Twitter Elon Musk acquisition seemed to impact the cryptocurrency market, despite the fact that one cannot exactly draw a straight line between both situations. However, Dogecoin(DOGE) is known to react to Elon Musk, and over the past weeks, Dogecoin has performed decently on the market, even doubling its token price while the news was still fresh.
This development has led crypto users to discover Dogeliens(DOGET), a new DOGE-inspired memecoin on presale. Users figured that if it could be the next Dogecoin or be as big, then it is a decent bet to get it very cheap on presale. For this reason, Dogeliens has been selling out at a record speed on presale despite bad market conditions.
The recent drama in the cryptocurrency market has involved Changpeng Zhao and Sam Bankman-Fried, both of them CEOs of centralized exchanges Binance and FTX, respectively. Suddenly over the weekend, Binance CEO ChangpengZhao(CZ) declared that his business would sell out all of its FTX Token(FTT) holdings in light of the latest findings and suggested FTX could have been scheming behind his company. FTT price fell dramatically due to the remark, dropping about 10% in a single day.
Crypto enthusiasts have shown other concerns, like Alameda Research being overexposed to FTX Token, which the CEO of Alameda Research debunked later while also offering to buy back Binance's FTT holding at $22. CZ claims Binance wants to Avoid a situation like LUNA and has decided to offload its FTT holdings; however, the crypto landscape thinks there's more.
FTT price has dropped since the drama began and is looking to make futures traders shorting the token a lot of money.
FTX Token(FTT) Takes A Gamble
FTX Token(FTT) is the utility token of the FTX exchange, and it is mostly used for transaction fees while allowing users to access other features on the exchange. It serves as the backbone of the FTX ecosystem, like BNB is also a backbone of Binance. FTX is one of the fastest-growing cryptocurrency exchanges, and it quickly secured some partnerships to help boost its growth.
FTX has acquired several other small cryptocurrency companies to grow its scope, and it has been a decent model for its growth. The company was co-founded by Sam Bankman-Fried and Gary Wang right after they graduated from MIT. Both have held executive roles since the company's creation and continue pushing for the crypto landscape's growth.
This recent drama with the CEO of Binance is a rough patch for them as the move by Binance tosses investors' confidence about FTX in the trash. FTX would have some assignments on their hands to become stable.
Out Of This World – Dogeliens (DOGET)
Dogeliens is a new DeFimemecoin on the BNB Smart Chain with some decent momentum on presale. This momentum has drawn the attention of more early investors looking to catch on early to the opportunity. Although this memecoin is gaining traction, buying off presale is always a tough decision for many crypto investors, making presale success much more satisfying.
The presale usually offers a price that usually does not put you at a loss after the project launches. They are one of the grandest opportunities you can get in the cryptocurrency market, and with Dogeliens being a memecoin, the potentials are endless.
Dogeliens is looking for a massive price pump while pushing its meme narrative as a dog family member. Dogeliens is primed for success, and smart investors have already joined the presale.