The crypto market is not off to a great start this week. But this was expected, given that the week before was one of the most anxiety-inducing times in Q4 2022. Many believed that 2022 could not get any worse, not after the whole Terra (previously LUNA, now LUNC) episode but the fall of FTX has shattered the glass ceiling of crypto failures.
However, as many investors believe, every crash has an opportunity for wealth generation. Therefore, let’s take a look at…
Crypto tokens to keep an eye on
Trust Wallet: After the whole FTX situation, self-custody has once again become the talk of the town. Even Binance CEO, Changpeng Zhao (CZ), has asked the crypto community to take control of their tokens via self-custody.
The increased interest in self custody lead to a surge in Trust Wallet activity, and consequently a spike in the project’s token, TWT. The token has rallied by up to 78.8% over the last seven days, and by 22.3% in the last 24 hours.
At press time, TWT was trading at $2.11, down by 1.4% in the last hour.
Shiba Inu (SHIB): Shiba Inu (SHIB) lost its $6 billion market cap, recovered it, and then lost it again. Although the crypto project is one of the most popular ones out there, it was not spared the wrath of the falling market.
Now SHIB has again added another zero to its price, which is down by 26% over the last week and 9.2% over the last 24 hours. However, the project has some launches scheduled for later this year. Many are eagerly waiting for the Shibarium launch, SHIB’s layer-2. Many believe that the launch will bring much-needed optimism to the popular crypto token.
At press time, SHIB was trading at $0.00000875, down by 1.2% in the last hour.
Bitcoin (BTC): Bitcoin (BTC) is getting close to moving to a new two-year low. The original crypto has once again fallen below $16k. However, this might not necessarily be all that bad. When BTC was at its all-time high at $69k, all most people could talk about was how they wished they had bought BTC when it was cheap. Well, that wish has now been granted to an ocean of investors, who might just use this opportunity to fill their pockets with cheap BTC.
At press time, BTC was trading at $15,923.84, down by 23.8% over the last week. Moreover, the token is down by 5.4% in the last 24 hours.
