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  • Writer's pictureConnie Chan

3 massive changes the FTX bankruptcy will bring to the crypto market

This year has been one rollercoaster of a ride for the crypto market and the FTX collapse has been at the center of that. 2022 is something of an existential crisis for the crypto market and there’s no doubt that there’s a lot of change that will come.

The collapse of FTX has sparked the beginning of a wave of changes and it’s not surprising to see some investors worried. However, there are also some projects that are doing well despite the change, and investors can breathe a sigh of relief because of them.

3 Big Changes Sparked by FTX Bankruptcy

The FTX collapse has sparked waves of discussions.

The bankruptcy of FTX is one of the biggest events in the crypto market in recent times. It’s sure to go down as one of the most significant incidents, one with permanent repercussions. The scale of it is quite unprecedented and the contagion effect it has had will make many think twice.

The first major change that will inevitably happen is how investors – retail and institutional – will allocate capital. It will no longer be the case that they put money into any crypto asset or platform without thinking twice. The domino effect of the FTX collapse and Terra crash will make them more cautious with their approach, which is good in the long run.

Secondly, there will be a migration towards decentralized alternatives. Decentralized protocols like Synthetix and THORChain are both seeing increased usage numbers after FTX’s fall. They are not susceptible to the same risks that FTX had, so we can expect decentralized platforms to flourish in the months to come.

Lastly, and perhaps most importantly, regulators will double their efforts to put down controls on the market. Oversight is something that they have been working on, but FTX’s fall will force them to pay more attention to how the market operates. Perhaps this is good from a consumer protection point of view, but it could also have negative effects in the short term.

The 5 Tokens With Potential in 2023

While these big changes are imminent, there are certain crypto tokens that are doing well despite the market crash. These projects offer something new and have robust designs that make them compelling to investors.

RobotEra (TARO) is one of these tokens. This is a metaverse project that is set in a futuristic world where players are represented by robots. It has a strong social focus where players can take part in various interactive social activities. TARO currently has its presale going on.

Then there’s Calvaria (RIA), a P2E card battler game that also has a F2P focus. The team has designed this game to be very accessible. Players don’t need to hold any crypto or even have a crypto wallet to get started playing. RIA’s presale is set to end soon.

Dash2Trade (D2T) is an all-in-one crypto investment management platform that offers a number of features to make trading easier. This includes crypto trading signals, predictions, and social analytics. There’s a lot of buzz for this, with its presale due in Q1 2023.

IMPT (IMPT) is a unique one, as it’s focused on bettering the environment. It is effectively a carbon credits platform where users can use IMPT tokens to offset their carbon footprints. They can also support many environmental projects. IMPT is currently conducting its presale.

Collectors can buy Silks Avatars now.

Silks is a P2E metaverse project that mirrors the real world of thoroughbred horseracing. When a horse in the real world wins, it is reflected in the game. It has several NFT collections, including land and horses. Silks Avatars are up for purchase on NFT marketplaces.

2023 Could Be a Rough Year, With Some Relief

The crypto market is going to undergo a sea change in 2023, with regulation and a change in financial behavior. However, investors need not fret, as there are exciting projects that they can rely on. The crypto market always has ups and downs, but it always comes back stronger.

Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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