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Cryptocurrency analysts name the tokens that managed to recover from the largest exchange crash in history
The fall of Сем Бенкман-Фрід" href="https://noworries.news/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried 's crypto empire hit the market, resulting in billions of dollars of investors and developers of large projects being lost. After that, several altcoins fell to unprecedented lows. Analysts reported that only 8 tokens managed to reach new highs against bitcoin since the FTX crash.
Render (RNDR)
Thanks to artificial intelligence and positive reports from Nvidia, the price of Render (RNDR) has overcome its peak. The altcoin price has consistently made higher lows and remains above the rising trend line, indicating potential for growth. Higher lows in the Relative Strength Index (RSI) support this outlook, indicating continued bullish momentum in the RNDR market.
SingularityNET (AGIX)
Another AI token that managed to record a new peak after the FTX collapse is AGIX. Although the asset remains below its 2023 peak, it is holding above its 2022 high.
Injective (INJ)
The Injective token, a Cosmos-based blockchain that combines elements of artificial intelligence with decentralized finance (DeFi), also made the list. After hitting a low in 2022, INJ has risen by almost 590%.
Tellor (TRB)
Tellor’s price soared to a peak in December 2023, following a collapse in the token’s value caused by the fall of FTX. However, the peak was rejected shortly afterwards, and now the TRB price has returned to the levels that preceded the FTX drop.
Astar (ASTR)
In December, the price of Astar soared to an all-time high, breaking through 2022 levels. However, this breakout proved to be premature, as the price of Astar soon corrected.
ssv.network (SSV)
The ssv. network bulls are pushing for further growth, and the SSV/BTC pair is consolidating within an ascending parallel channel. Higher RSI lows support this outlook, and the SSV price is likely to record more gains as bullish momentum prevails.
Trust Wallet Token (TWT)
Despite the FTX crash in November 2022, the price of the Trust Wallet token has soared by almost 200% against BTC. The surge in TWT was likely due to FUD (fear, uncertainty, and doubt) as investors moved their assets to the wallet when the FTX exchange collapsed.
Binance Coin (BNB)
Like TWT, the price of Binance Coin soared to a peak amid the FTX explosion. However, in 2023, regulatory pressure in the United States led to a drop in the token’s price.