FTX to liquidate tokens. Checkmate for Solana?
Once the leading cryptocurrency exchange FTX received a court approval to liquidate its assets. We found a great list of altcoins with 50x potential and Bitcoin bottomed?! Welcome to the Lana's NL!
Welcome to the newest Lana’s Newsletter. We are launching a new Newsletter format that will be sent twice a week in which we aim to cover the most important news from the crypto space so you don’t have to lose your time looking for it every single day!
FTX to liquidate tokens. Is it over for Solana and Aptos?
Everyone is probably aware of the FTX saga. The exchange received a court’s approval several days ago to liquidate its assets (tokens) including over $1B in Solana. While the Crypto Twitter (X) and many people claim it is over for Solana, it is a pure attempt to create fear and buy cheap tokens.
FTX liquidators stated that the holdings (all mentioned tokens below) will be preferably sold via OTC to avoid any price crash. Moreover, the majority of SOL holdings are locked by 2025 - 2028 and can not enter the market yet.
However, it is possible that the liquidation event(s) will create fear that would cause price drops for Solana, Bitcoin, and other assets as well. But the price drop itself would be caused by retail panic not from the sell pressure from FTX itself.
To answer the question from the title: No, it is not the end for Solana, Aptos or any other coin/token and its future might be brighter than we think.
Altcoins with 50x potential
Right now, we are in the accumulation phase. It is a part of the market cycle in which the market is going mainly sideways with low volatility. The phase usually lasts several months to 1 year before the true bull run begins.
The accumulation phase is the time when I try to buy and accumulate my favorite tokens which I believe can shine in the upcoming bull run.
If you want to be on the WINNERS side when the next bull run comes, you should research and accumulate your top picks right now.
I came across a great article covering altcoins with 50x potential which I would love to share with you.
If you are looking for the right altcoins to buy right now, feel free to check the article (written in May 2023) below!
Bitcoin bottomed! When ATH?
According to the latest market prediction of a trustworthy X account CryptoCon, Bitcoin has already bottomed and is on its way to the new ATH which should take place in late 2025.
While we can’t predict an accurate scenario for Bitcoin and the whole market, we can clearly identify that we currently stand at ACCUMULATION PHASE.
My strategy is to buy bigger dips and average my entry prices for altcoins that I already accumulate.
Trading challenge $4,000 - > $1,000,000
I launched a trading challenge in which I want to make 1 Million dollars by trading cryptocurrencies. For this challenge, I collaborated with MEXC which will sponsor regular giveaways or competitions for my community registered using my link.
You can follow my path and also try the challenge yourself!
$300 Giveaway sponsored by MEXC
To celebrate the latest cooperation between Lana and MEXC, the exchange sponsors our latest Giveaway worth $300!
🏆 3x $100
To qualify
🟪 Sign up on MEXC using my ref link here
🟩 Deposit and Make 1 or more FUTURES trade (any amount)
🟦 Like, RTW this post
The results will be shared on October 10th and the winners will get $100 credited into their MEXC accounts.
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