Recently, the crash of the FTX crypto exchange and its token has led to the fact that the prices of many cryptocurrencies have fallen sharply in recent days. The market must recover from one of the biggest crises in its history over the next few weeks. But which cryptocurrencies could still rise more strongly in the coming weeks until the end of the year?
In this article we want to deal with cryptocurrencies whose prices could increase even more strongly in the near future.
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How have cryptocurrency prices moved over the past 1-2 weeks?
Over the past 1-2 weeks, cryptocurrency prices have seen a sharp decline. This drop was due to the crisis of the crypto exchange FTX, which went bankrupt. This represents one of the biggest crises in the crypto market in years. Many cryptocurrencies recorded losses of more than 20% in a few days.
The Bitcoin price has seen around 20% loss in value. Many altcoins lost even more value. Especially coins like SOL from Solana or the Crypto.com coin. Over the past 7 days, however, we have seen prices stabilize. However, there was no recovery with sustained price increases.
Which pieces suffered particularly heavy losses?
As mentioned in the last paragraph, some cryptocurrencies have experienced extremely heavy price losses. This includes, for example, Solana, who had close ties to Sam Bankman-Fried, the ousted former CEO of FTX. In this article, we discussed Solana’s situation.
The CRO, Crypto.com Coin, also suffered massive losses. This was due to heightened doubts about the financial situation of the crypto exchange. After some strange dealings before the release of the balance sheet, the exchange is suspected of also covering the shortcomings of the balance sheet.
The situation is particularly precarious for these two cryptocurrencies. But which cryptocurrency prices could recover faster than others in the coming weeks?
Which cryptocurrencies are most likely to see price gains?
There are still 1.5 months until the end of 2022. At the moment, it does not look like the prices of many cryptocurrencies can make bigger gains. Yes the following parts you must have at least one eye:
1. Binance Coin (BNB)
Shortly after the implosion of the FTX token, BNB saw even bigger gains before the price gave way to the general market trend. Admittedly, Binance’s announcement to liquidate its FTX tokens was extremely calculated and signaled the beginning of the end for FTX.
No matter how you want to feel about Binance in this situation, the world’s largest crypto exchange should continue to benefit from the lack of competition and general loss of trust. As such, BNB could recover faster than many other coins.
2. Polygon (MATIC)
Even before the crash, Polygon (MATIC) was one of the hottest topics in the market. The crash then damaged the price of the MATIC coin, but the losses were much lower than many other coins.
The Polygon network is becoming increasingly popular among developers and experiencing massive growth. It fills a gap in the market for developers who want to take advantage of the security and applicability of the Ethereum ecosystem, but need greater scalability than the Ethereum mainnet can currently offer. A rapid resumption of the MATIC course by the end of 2022 cannot be ruled out.
3.Chiliz (CHZ)
What might be the best case scenario for a cryptocurrency token from a network focused on sports fans?
The 2022 World Cup is an event that has been heavily criticized. As the biggest sporting event in the world, the tournament is nonetheless expected to grab the world’s attention. This could massively help the price of Chiliz, the network token of the Socios.com platform. In the past 7 days, the CHZ price has already seen an increase of more than 34%.
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